NWF Advisory Services Inc. Has $2.29 Million Stock Position in Palantir Technologies Inc. $PLTR

NWF Advisory Services Inc. boosted its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 556.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 16,783 shares of the company’s stock after acquiring an additional 14,227 shares during the period. NWF Advisory Services Inc.’s holdings in Palantir Technologies were worth $2,288,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Revolve Wealth Partners LLC acquired a new stake in Palantir Technologies in the 4th quarter valued at $450,000. Bison Wealth LLC lifted its stake in shares of Palantir Technologies by 37.4% in the fourth quarter. Bison Wealth LLC now owns 17,130 shares of the company’s stock valued at $1,296,000 after buying an additional 4,667 shares in the last quarter. Capstone Wealth Management Group LLC grew its holdings in shares of Palantir Technologies by 38.0% during the first quarter. Capstone Wealth Management Group LLC now owns 17,147 shares of the company’s stock valued at $1,447,000 after buying an additional 4,722 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Palantir Technologies by 3.6% during the first quarter. Dimensional Fund Advisors LP now owns 3,518,805 shares of the company’s stock worth $297,021,000 after acquiring an additional 122,802 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC raised its holdings in shares of Palantir Technologies by 102.9% in the 1st quarter. Steward Partners Investment Advisory LLC now owns 410,694 shares of the company’s stock worth $34,663,000 after acquiring an additional 208,252 shares during the last quarter. Institutional investors own 45.65% of the company’s stock.

Palantir Technologies Price Performance

Shares of NASDAQ:PLTR opened at $183.57 on Monday. The company has a market capitalization of $437.53 billion, a PE ratio of 437.08, a price-to-earnings-growth ratio of 7.12 and a beta of 1.50. Palantir Technologies Inc. has a 1 year low of $63.40 and a 1 year high of $207.52. The business has a fifty day moving average price of $179.31 and a two-hundred day moving average price of $163.90.

Palantir Technologies (NASDAQ:PLTR) last issued its quarterly earnings results on Monday, November 3rd. The company reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.04. The company had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.09 billion. Palantir Technologies had a net margin of 28.11% and a return on equity of 15.48%. The firm’s quarterly revenue was up 62.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.10 EPS. Sell-side analysts anticipate that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have commented on PLTR. Robert W. Baird boosted their price objective on Palantir Technologies from $170.00 to $200.00 and gave the stock a “neutral” rating in a report on Tuesday, November 4th. Citigroup increased their price target on Palantir Technologies from $190.00 to $210.00 and gave the company a “neutral” rating in a research report on Wednesday, November 5th. HSBC lifted their price objective on shares of Palantir Technologies from $181.00 to $197.00 and gave the stock a “hold” rating in a report on Wednesday, November 5th. Cantor Fitzgerald upped their target price on shares of Palantir Technologies from $155.00 to $198.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 4th. Finally, Mizuho raised their price target on shares of Palantir Technologies from $165.00 to $205.00 and gave the company a “neutral” rating in a research report on Tuesday, November 4th. Four investment analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $172.28.

Insider Activity

In other Palantir Technologies news, insider Shyam Sankar sold 149,872 shares of the stock in a transaction on Thursday, November 20th. The stock was sold at an average price of $163.99, for a total transaction of $24,577,509.28. Following the completion of the transaction, the insider directly owned 642,786 shares of the company’s stock, valued at approximately $105,410,476.14. This represents a 18.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Alexander C. Karp sold 359,325 shares of the firm’s stock in a transaction on Thursday, November 20th. The stock was sold at an average price of $163.99, for a total value of $58,925,706.75. Following the completion of the sale, the insider directly owned 6,432,258 shares of the company’s stock, valued at $1,054,825,989.42. This represents a 5.29% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 1,008,844 shares of company stock worth $164,676,161. 12.93% of the stock is owned by insiders.

About Palantir Technologies

Palantir Technologies, Inc engages in the business of building and deploying software platforms that serve as the central operating systems for its customers. It operates under the Commercial and Government segments. The Commercial segment focuses on customers working in non-government industries. The Government segment is involved in providing services to customers that are the United States government and non-United States government agencies.