13,440 Shares in Palantir Technologies Inc. (NYSE:PLTR) Purchased by Curbstone Financial Management Corp

Curbstone Financial Management Corp bought a new position in shares of Palantir Technologies Inc. (NYSE:PLTR) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 13,440 shares of the company’s stock, valued at approximately $500,000.

A number of other large investors have also recently added to or reduced their stakes in the business. Summit Securities Group LLC purchased a new stake in Palantir Technologies in the second quarter valued at approximately $25,000. Farmers & Merchants Investments Inc. purchased a new stake in Palantir Technologies in the second quarter valued at approximately $25,000. West Paces Advisors Inc. raised its position in Palantir Technologies by 110.7% in the first quarter. West Paces Advisors Inc. now owns 1,180 shares of the company’s stock valued at $27,000 after purchasing an additional 620 shares during the period. University of Texas Texas AM Investment Management Co. purchased a new stake in Palantir Technologies in the second quarter valued at approximately $30,000. Finally, Massmutual Trust Co. FSB ADV increased its position in shares of Palantir Technologies by 105.3% during the first quarter. Massmutual Trust Co. FSB ADV now owns 1,347 shares of the company’s stock worth $31,000 after acquiring an additional 691 shares during the period. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Palantir Technologies Stock Performance

NYSE PLTR traded up $0.77 during trading hours on Friday, hitting $40.01. The company had a trading volume of 62,657,545 shares, compared to its average volume of 57,253,805. Palantir Technologies Inc. has a 1-year low of $14.48 and a 1-year high of $40.29. The company has a market cap of $89.60 billion, a PE ratio of 333.44 and a beta of 2.72. The business has a 50 day moving average of $32.23 and a 200-day moving average of $26.67.

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

Analyst Upgrades and Downgrades

PLTR has been the topic of a number of recent research reports. Royal Bank of Canada reaffirmed an “underperform” rating and set a $9.00 price objective on shares of Palantir Technologies in a research report on Tuesday, August 6th. Jefferies Financial Group upped their price objective on Palantir Technologies from $24.00 to $28.00 and gave the stock a “hold” rating in a research report on Monday, July 29th. Northland Securities began coverage on Palantir Technologies in a research report on Thursday, August 22nd. They set a “market perform” rating and a $35.00 price objective on the stock. Bank of America increased their target price on Palantir Technologies from $30.00 to $50.00 and gave the company a “buy” rating in a report on Tuesday, September 10th. Finally, Argus began coverage on Palantir Technologies in a report on Monday, June 17th. They issued a “buy” rating and a $29.00 target price on the stock. Five analysts have rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Palantir Technologies currently has a consensus rating of “Hold” and an average target price of $27.29.

Insider Activity

In other news, insider Shyam Sankar sold 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $32.35, for a total value of $1,617,500.00. Following the completion of the sale, the insider now directly owns 752,786 shares of the company’s stock, valued at $24,352,627.10. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Shyam Sankar sold 50,000 shares of Palantir Technologies stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $32.35, for a total transaction of $1,617,500.00. Following the completion of the transaction, the insider now directly owns 752,786 shares of the company’s stock, valued at approximately $24,352,627.10. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Eric H. Woersching sold 3,026 shares of Palantir Technologies stock in a transaction on Tuesday, July 9th. The stock was sold at an average price of $28.00, for a total value of $84,728.00. Following the transaction, the director now directly owns 29,817 shares of the company’s stock, valued at approximately $834,876. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 17,814,881 shares of company stock valued at $648,616,023 in the last three months. 12.93% of the stock is currently owned by company insiders.

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.