Modera Wealth Management LLC Buys 5,983 Shares of Palantir Technologies Inc. $PLTR

Modera Wealth Management LLC lifted its stake in Palantir Technologies Inc. (NASDAQ:PLTRFree Report) by 42.8% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 19,957 shares of the company’s stock after buying an additional 5,983 shares during the quarter. Modera Wealth Management LLC’s holdings in Palantir Technologies were worth $3,641,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of PLTR. Decker Retirement Planning Inc. lifted its holdings in shares of Palantir Technologies by 778.7% in the 3rd quarter. Decker Retirement Planning Inc. now owns 61,326 shares of the company’s stock worth $11,187,000 after acquiring an additional 54,347 shares during the last quarter. Vanguard Group Inc. raised its position in Palantir Technologies by 3.6% in the 2nd quarter. Vanguard Group Inc. now owns 205,717,666 shares of the company’s stock worth $28,043,432,000 after purchasing an additional 7,194,216 shares during the period. Truist Financial Corp raised its position in Palantir Technologies by 4.2% in the 2nd quarter. Truist Financial Corp now owns 537,000 shares of the company’s stock worth $73,204,000 after purchasing an additional 21,809 shares during the period. Prentice Wealth Management LLC bought a new stake in Palantir Technologies in the third quarter worth about $550,000. Finally, Watershed Private Wealth LLC boosted its position in shares of Palantir Technologies by 75.3% during the third quarter. Watershed Private Wealth LLC now owns 7,798 shares of the company’s stock valued at $1,423,000 after buying an additional 3,350 shares during the period. 45.65% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on PLTR shares. Morgan Stanley increased their price target on Palantir Technologies from $155.00 to $205.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 4th. HSBC upped their price objective on Palantir Technologies from $181.00 to $197.00 and gave the company a “hold” rating in a research report on Wednesday, November 5th. Weiss Ratings downgraded Palantir Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, January 15th. DA Davidson boosted their target price on shares of Palantir Technologies from $170.00 to $215.00 and gave the company a “neutral” rating in a research note on Tuesday, November 4th. Finally, Royal Bank Of Canada upped their price target on shares of Palantir Technologies from $45.00 to $50.00 and gave the stock an “underperform” rating in a report on Tuesday, November 4th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, fifteen have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $184.07.

View Our Latest Stock Analysis on PLTR

Palantir Technologies Trading Up 2.2%

Shares of PLTR stock opened at $169.60 on Friday. Palantir Technologies Inc. has a twelve month low of $66.12 and a twelve month high of $207.52. The stock has a fifty day simple moving average of $176.64 and a two-hundred day simple moving average of $173.14. The stock has a market capitalization of $404.23 billion, a price-to-earnings ratio of 403.82, a P/E/G ratio of 4.27 and a beta of 1.54.

Palantir Technologies (NASDAQ:PLTRGet Free Report) last released its quarterly earnings data on Monday, November 3rd. The company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.04. Palantir Technologies had a return on equity of 15.48% and a net margin of 28.11%.The firm had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same period in the previous year, the company posted $0.10 earnings per share. The firm’s quarterly revenue was up 62.8% on a year-over-year basis. Research analysts predict that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Lauren Elaina Friedman Stat sold 3,400 shares of Palantir Technologies stock in a transaction that occurred on Friday, January 2nd. The shares were sold at an average price of $181.35, for a total transaction of $616,590.00. Following the transaction, the director directly owned 58,687 shares of the company’s stock, valued at $10,642,887.45. This trade represents a 5.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Jeffrey Buckley sold 1,252 shares of the company’s stock in a transaction on Monday, November 24th. The stock was sold at an average price of $157.50, for a total value of $197,190.00. Following the sale, the insider owned 47,044 shares of the company’s stock, valued at approximately $7,409,430. This represents a 2.59% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 1,023,444 shares of company stock worth $167,394,629. 9.23% of the stock is owned by corporate insiders.

More Palantir Technologies News

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Palantir Technologies Profile

(Free Report)

Palantir Technologies is a software company that develops data integration, analytics and operational decision-making platforms for government and commercial customers. Founded in 2003 by a team that included Alex Karp and Peter Thiel, Palantir has grown into a provider of enterprise-scale software designed to help organizations integrate disparate data sources, build analytic models and drive operational workflows. The company went public in 2020 and continues to position its products around large, complex data projects where security, provenance and real-time collaboration are important.

Palantir’s product portfolio centers on a small number of core platforms.

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Institutional Ownership by Quarter for Palantir Technologies (NASDAQ:PLTR)

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