Tactive Advisors LLC Purchases Shares of 6,090 Palantir Technologies Inc. $PLTR

Tactive Advisors LLC acquired a new stake in Palantir Technologies Inc. (NASDAQ:PLTR) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 6,090 shares of the company’s stock, valued at approximately $830,000.

Several other institutional investors and hedge funds also recently made changes to their positions in PLTR. Signature Resources Capital Management LLC bought a new position in shares of Palantir Technologies during the second quarter valued at about $25,000. Briaud Financial Planning Inc purchased a new position in shares of Palantir Technologies in the second quarter valued at about $27,000. LFA Lugano Financial Advisors SA purchased a new stake in Palantir Technologies in the 2nd quarter worth approximately $27,000. Frazier Financial Advisors LLC bought a new stake in Palantir Technologies in the second quarter valued at $28,000. Finally, MTM Investment Management LLC purchased a new position in shares of Palantir Technologies during the second quarter valued at about $31,000. Institutional investors own 45.65% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Daiwa Capital Markets raised their target price on shares of Palantir Technologies from $178.00 to $200.00 and gave the company a “neutral” rating in a research note on Thursday, November 6th. 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 report on Tuesday, November 4th. DA Davidson boosted their price objective on shares of Palantir Technologies from $170.00 to $215.00 and gave the company a “neutral” rating in a report on Tuesday, November 4th. Northland Securities increased their price objective on shares of Palantir Technologies from $14.00 to $18.50 in a research report on Tuesday, November 4th. Finally, CICC Research lifted their target price on shares of Palantir Technologies from $128.00 to $150.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 12th. Four research analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $172.28.

Insider Activity

In other Palantir Technologies news, insider Jeffrey Buckley sold 1,252 shares of Palantir Technologies stock in a transaction on Monday, November 24th. The shares were sold at an average price of $157.50, for a total value of $197,190.00. Following the sale, the insider directly owned 47,044 shares in the company, valued at approximately $7,409,430. The trade was a 2.59% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Shyam Sankar sold 19,004 shares of the stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $156.25, for a total transaction of $2,969,375.00. Following the transaction, the insider directly owned 642,786 shares of the company’s stock, valued at $100,435,312.50. This trade represents a 2.87% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 1,008,844 shares of company stock valued at $164,676,161 in the last three months. 9.23% of the stock is currently owned by insiders.

Palantir Technologies Price Performance

Shares of PLTR stock opened at $183.57 on Friday. The company has a market cap of $437.53 billion, a price-to-earnings ratio of 437.08, a PEG ratio of 7.12 and a beta of 1.49. Palantir Technologies Inc. has a 1 year low of $63.40 and a 1 year high of $207.52. The firm has a fifty day moving average price of $179.31 and a 200-day moving average price of $163.62.

Palantir Technologies (NASDAQ:PLTR) last announced its earnings results on Monday, November 3rd. The company reported $0.21 EPS 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 analysts’ expectations of $1.09 billion. Palantir Technologies had a return on equity of 15.48% and a net margin of 28.11%.Palantir Technologies’s revenue for the quarter was up 62.8% compared to the same quarter last year. During the same period last year, the firm earned $0.10 EPS. Equities research analysts expect that Palantir Technologies Inc. will post 0.31 EPS for the current year.

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.