Ignite Planners LLC Purchases Shares of 8,072 Palantir Technologies Inc. (NYSE:PLTR)

Ignite Planners LLC acquired a new position in shares of Palantir Technologies Inc. (NYSE:PLTR) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 8,072 shares of the company’s stock, valued at approximately $300,000.

Several other institutional investors have also modified their holdings of the company. Summit Securities Group LLC acquired a new stake in Palantir Technologies during the 2nd quarter worth $25,000. Farmers & Merchants Investments Inc. purchased a new stake in shares of Palantir Technologies in the second quarter valued at about $25,000. West Paces Advisors Inc. boosted its holdings in Palantir Technologies by 110.7% during the first quarter. West Paces Advisors Inc. now owns 1,180 shares of the company’s stock worth $27,000 after buying an additional 620 shares in the last quarter. University of Texas Texas AM Investment Management Co. purchased a new stake in Palantir Technologies during the second quarter worth about $30,000. Finally, Massmutual Trust Co. FSB ADV boosted its holdings in 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 buying an additional 691 shares in the last quarter. 45.65% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Palantir Technologies

In other news, insider Heather A. Planishek sold 20,000 shares of the business’s stock in a transaction on Friday, October 4th. The shares were sold at an average price of $39.95, for a total value of $799,000.00. Following the completion of the sale, the insider now directly owns 562,006 shares in the company, valued at approximately $22,452,139.70. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Peter Thiel sold 4,181,118 shares of the company’s stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $36.91, for a total value of $154,325,065.38. Following the sale, the director now owns 38,502,451 shares of the company’s stock, valued at approximately $1,421,125,466.41. This represents a 0.00 % 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 Heather A. Planishek sold 20,000 shares of the company’s stock in a transaction dated Friday, October 4th. The stock was sold at an average price of $39.95, for a total transaction of $799,000.00. Following the completion of the sale, the insider now directly owns 562,006 shares in the company, valued at approximately $22,452,139.70. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 17,831,855 shares of company stock worth $649,330,295 over the last ninety days. 12.93% of the stock is currently owned by insiders.

Palantir Technologies Price Performance

Palantir Technologies stock opened at $41.45 on Wednesday. The firm’s 50 day simple moving average is $32.73 and its 200-day simple moving average is $26.92. Palantir Technologies Inc. has a fifty-two week low of $14.48 and a fifty-two week high of $41.49. The company has a market cap of $92.83 billion, a P/E ratio of 345.45 and a beta of 2.72.

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

Analyst Upgrades and Downgrades

PLTR has been the topic of several recent research reports. Monness Crespi & Hardt reduced their price target on shares of Palantir Technologies from $20.00 to $18.00 and set a “sell” rating on the stock in a report on Tuesday, August 6th. Jefferies Financial Group increased their price target on shares of Palantir Technologies from $24.00 to $28.00 and gave the stock a “hold” rating in a research note on Monday, July 29th. Royal Bank of Canada reaffirmed an “underperform” rating and set a $9.00 price target on shares of Palantir Technologies in a research note on Tuesday, August 6th. Northland Securities initiated coverage on shares of Palantir Technologies in a research note on Thursday, August 22nd. They issued a “market perform” rating and a $35.00 target price on the stock. Finally, Raymond James downgraded shares of Palantir Technologies from an “outperform” rating to a “market perform” rating in a research note on Monday, September 23rd. Five analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Palantir Technologies presently has a consensus rating of “Hold” and an average price target of $27.29.

Palantir Technologies Company Profile

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.