Westerkirk Capital Inc. Makes New Investment in Palantir Technologies Inc. $PLTR

Westerkirk Capital Inc. acquired a new stake in Palantir Technologies Inc. (NASDAQ:PLTR) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 7,400 shares of the company’s stock, valued at approximately $1,009,000.

A number of other institutional investors also recently modified their holdings of PLTR. Signature Resources Capital Management LLC purchased a new position in Palantir Technologies during the 2nd quarter valued at about $25,000. Wealth Preservation Advisors LLC purchased a new stake in Palantir Technologies in the 1st quarter worth approximately $27,000. 1248 Management LLC bought a new stake in shares of Palantir Technologies in the 1st quarter worth approximately $27,000. Briaud Financial Planning Inc purchased a new position in shares of Palantir Technologies during the second quarter valued at approximately $27,000. Finally, LFA Lugano Financial Advisors SA bought a new position in shares of Palantir Technologies during the second quarter valued at approximately $27,000. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Lauren Elaina Friedman Stat sold 21,000 shares of Palantir Technologies stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $165.95, for a total value of $3,484,950.00. Following the completion of the transaction, the director owned 59,794 shares of the company’s stock, valued at $9,922,814.30. The trade was a 25.99% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Alexander C. Karp sold 359,325 shares of the stock in a transaction dated Thursday, November 20th. The shares were sold at an average price of $163.99, for a total transaction of $58,925,706.75. Following the sale, the insider directly owned 6,432,258 shares in the company, valued at $1,054,825,989.42. This trade represents a 5.29% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 1,065,892 shares of company stock valued at $173,869,312. 12.93% of the stock is currently owned by insiders.

Palantir Technologies Stock Performance

PLTR stock opened at $170.69 on Wednesday. The firm has a 50 day moving average price of $179.00 and a 200-day moving average price of $160.59. Palantir Technologies Inc. has a 52-week low of $63.40 and a 52-week high of $207.52. The firm has a market capitalization of $406.83 billion, a price-to-earnings ratio of 406.41, a PEG ratio of 6.49 and a beta of 1.49.

Palantir Technologies (NASDAQ:PLTR) last posted its quarterly earnings data on Monday, November 3rd. The company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.04. The company had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.09 billion. Palantir Technologies had a return on equity of 15.48% and a net margin of 28.11%.The firm’s revenue for the quarter was up 62.8% on a year-over-year basis. During the same quarter last year, the company earned $0.10 EPS. As a group, sell-side analysts forecast that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Wedbush set a $200.00 price target on shares of Palantir Technologies and gave the company an “outperform” rating in a report on Tuesday, August 5th. Royal Bank Of Canada raised their target price on shares of Palantir Technologies from $45.00 to $50.00 and gave the stock an “underperform” rating in a research report on Tuesday, November 4th. Morgan Stanley boosted their price target on shares of Palantir Technologies from $155.00 to $205.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 4th. UBS Group raised their price objective on shares of Palantir Technologies from $165.00 to $205.00 and gave the stock a “neutral” rating in a report on Tuesday, November 4th. Finally, Robert W. Baird upped their target price on Palantir Technologies from $170.00 to $200.00 and gave the stock a “neutral” rating in a report on Tuesday, November 4th. Four equities research analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $172.28.

Palantir Technologies Profile

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.