Palantir Technologies Inc. (NYSE:PLTR) Shares Purchased by Mark Sheptoff Financial Planning LLC

Mark Sheptoff Financial Planning LLC boosted its stake in shares of Palantir Technologies Inc. (NYSE:PLTR) by 6.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 75,525 shares of the company’s stock after purchasing an additional 4,300 shares during the quarter. Palantir Technologies makes up 1.1% of Mark Sheptoff Financial Planning LLC’s investment portfolio, making the stock its 20th biggest holding. Mark Sheptoff Financial Planning LLC’s holdings in Palantir Technologies were worth $1,913,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the stock. Vantage Financial Partners LLC increased its position in shares of Palantir Technologies by 20.2% in the 4th quarter. Vantage Financial Partners LLC now owns 60,124 shares of the company’s stock valued at $1,032,000 after purchasing an additional 10,124 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Palantir Technologies by 9.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,567,409 shares of the company’s stock worth $44,091,000 after purchasing an additional 228,428 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its stake in shares of Palantir Technologies by 44.8% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 24,492 shares of the company’s stock worth $421,000 after purchasing an additional 7,574 shares in the last quarter. Janney Montgomery Scott LLC increased its holdings in Palantir Technologies by 3.9% in the fourth quarter. Janney Montgomery Scott LLC now owns 284,995 shares of the company’s stock valued at $4,893,000 after buying an additional 10,680 shares during the last quarter. Finally, Panagora Asset Management Inc. raised its stake in Palantir Technologies by 185.6% in the fourth quarter. Panagora Asset Management Inc. now owns 76,695 shares of the company’s stock valued at $1,317,000 after buying an additional 49,839 shares in the last quarter. Institutional investors and hedge funds own 45.65% of the company’s stock.

Insider Activity at Palantir Technologies

In other Palantir Technologies news, insider David A. Glazer sold 90,000 shares of the company’s stock in a transaction on Thursday, July 18th. The shares were sold at an average price of $29.36, for a total transaction of $2,642,400.00. Following the completion of the transaction, the insider now owns 298,012 shares in the company, valued at approximately $8,749,632.32. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Palantir Technologies news, insider David A. Glazer sold 90,000 shares of Palantir Technologies stock in a transaction that occurred on Thursday, July 18th. The stock was sold at an average price of $29.36, for a total value of $2,642,400.00. Following the sale, the insider now owns 298,012 shares of the company’s stock, valued at approximately $8,749,632.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Ryan D. Taylor sold 249,684 shares of the stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $30.01, for a total value of $7,493,016.84. Following the transaction, the insider now directly owns 372,565 shares of the company’s stock, valued at $11,180,675.65. The disclosure for this sale can be found here. Insiders have sold a total of 5,383,238 shares of company stock worth $190,231,672 in the last three months. Insiders own 12.93% of the company’s stock.

Palantir Technologies Stock Performance

Shares of PLTR opened at $36.40 on Thursday. Palantir Technologies Inc. has a fifty-two week low of $13.68 and a fifty-two week high of $37.11. The firm has a 50-day simple moving average of $30.20 and a 200-day simple moving average of $25.74. The company has a market capitalization of $81.06 billion, a price-to-earnings ratio of 303.33, a price-to-earnings-growth ratio of 6.16 and a beta of 2.72.

Palantir Technologies (NYSE:PLTR) last posted its quarterly earnings data on Monday, August 5th. The company reported $0.03 earnings per share 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 analyst estimates of $653.23 million. Palantir Technologies had a return on equity of 8.88% and a net margin of 16.32%. The firm’s revenue was up 27.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.01 earnings per share. Equities research analysts forecast that Palantir Technologies Inc. will post 0.19 EPS for the current year.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. 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. The Goldman Sachs Group upped their price target on Palantir Technologies from $14.00 to $16.00 and gave the company a “neutral” rating in a report on Wednesday, August 7th. Citigroup raised their price objective on shares of Palantir Technologies from $25.00 to $28.00 and gave the stock a “neutral” rating in a report on Tuesday, July 30th. Bank of America upped their target price on shares of Palantir Technologies from $30.00 to $50.00 and gave the company a “buy” rating in a report on Tuesday, September 10th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $38.00 target price on shares of Palantir Technologies in a research report on Monday, September 9th. Five research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, Palantir Technologies currently has an average rating of “Hold” and an average price target of $26.79.

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.