Palantir Technologies Inc. (NYSE:PLTR) Shares Acquired by Intrepid Financial Planning Group LLC

Intrepid Financial Planning Group LLC boosted its holdings in Palantir Technologies Inc. (NYSE:PLTR) by 5.4% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 23,575 shares of the company’s stock after buying an additional 1,200 shares during the quarter. Intrepid Financial Planning Group LLC’s holdings in Palantir Technologies were worth $597,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Evolution Wealth Advisors LLC boosted its stake in shares of Palantir Technologies by 0.5% during the 2nd quarter. Evolution Wealth Advisors LLC now owns 73,144 shares of the company’s stock worth $1,853,000 after acquiring an additional 360 shares in the last quarter. First Horizon Advisors Inc. increased its stake in Palantir Technologies by 2.6% in the 2nd quarter. First Horizon Advisors Inc. now owns 15,235 shares of the company’s stock worth $386,000 after purchasing an additional 379 shares in the last quarter. Gradient Investments LLC increased its stake in Palantir Technologies by 21.4% in the 2nd quarter. Gradient Investments LLC now owns 2,306 shares of the company’s stock worth $58,000 after purchasing an additional 406 shares in the last quarter. Apella Capital LLC raised its holdings in Palantir Technologies by 3.7% during the 2nd quarter. Apella Capital LLC now owns 11,791 shares of the company’s stock worth $323,000 after buying an additional 416 shares during the period. Finally, Valeo Financial Advisors LLC lifted its stake in Palantir Technologies by 1.2% during the second quarter. Valeo Financial Advisors LLC now owns 36,177 shares of the company’s stock valued at $916,000 after buying an additional 416 shares in the last quarter. Institutional investors own 45.65% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on PLTR shares. Argus initiated coverage on shares of Palantir Technologies in a research report on Monday, June 17th. They issued a “buy” rating and a $29.00 target price on the stock. The Goldman Sachs Group boosted their target price on shares of Palantir Technologies from $14.00 to $16.00 and gave the company a “neutral” rating in a research note on Wednesday, August 7th. Monness Crespi & Hardt reduced their target price on Palantir Technologies from $20.00 to $18.00 and set a “sell” rating for the company in a report on Tuesday, August 6th. Jefferies Financial Group lifted their price target on Palantir Technologies from $24.00 to $28.00 and gave the company a “hold” rating in a report on Monday, July 29th. Finally, Bank of America increased their price objective on Palantir Technologies from $30.00 to $50.00 and gave the stock a “buy” rating in a research note on Tuesday, September 10th. Five equities research analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $26.79.

Insiders Place Their Bets

In other Palantir Technologies news, Director Lauren Elaina Friedman Stat sold 6,000 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $36.35, for a total value of $218,100.00. Following the completion of the sale, the director now owns 152,280 shares of the company’s stock, valued at $5,535,378. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Palantir Technologies news, Director Lauren Elaina Friedman Stat sold 6,000 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $36.35, for a total transaction of $218,100.00. Following the transaction, the director now owns 152,280 shares in the company, valued at $5,535,378. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Eric H. Woersching sold 3,026 shares of the business’s stock in a transaction on Tuesday, July 9th. The stock was sold at an average price of $28.00, for a total transaction of $84,728.00. Following the completion of the sale, the director now owns 29,817 shares of the company’s stock, valued at $834,876. The disclosure for this sale can be found here. Insiders have sold 5,383,238 shares of company stock valued at $190,231,672 over the last three months. 12.93% of the stock is currently owned by insiders.

Palantir Technologies Stock Performance

Shares of NYSE PLTR opened at $36.40 on Thursday. The business has a 50 day simple moving average of $30.20 and a 200 day simple moving average of $25.74. Palantir Technologies Inc. has a 52 week low of $13.68 and a 52 week high of $37.11. The stock has a market cap of $81.06 billion, a price-to-earnings ratio of 303.33, a PEG ratio of 6.16 and a beta of 2.72.

Palantir Technologies (NYSE:PLTR) last posted its earnings results on Monday, August 5th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.01). The business had revenue of $678.13 million during the quarter, compared to the consensus estimate of $653.23 million. Palantir Technologies had a return on equity of 8.88% and a net margin of 16.32%. The business’s revenue was up 27.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.01 earnings per share. On average, analysts predict that Palantir Technologies Inc. will post 0.19 EPS for the current year.

About Palantir Technologies

Palantir Technologies Inc builds and deploys software platforms for the intelligence community to assist in counterterrorism investigations and operations in the United States, the United Kingdom, and internationally. The company provides Palantir Gotham, a software platform which enables users to identify patterns hidden deep within datasets, ranging from signals intelligence sources to reports from confidential informants, as well as facilitates the handoff between analysts and operational users, helping operators plan and execute real-world responses to threats that have been identified within the platform.