Ieq Capital LLC Increases Stake in Palantir Technologies Inc. (NYSE:PLTR)

Ieq Capital LLC raised its holdings in Palantir Technologies Inc. (NYSE:PLTR) by 5.8% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 150,862 shares of the company’s stock after buying an additional 8,225 shares during the period. Ieq Capital LLC’s holdings in Palantir Technologies were worth $3,821,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of PLTR. XTX Topco Ltd acquired a new position in Palantir Technologies during the 2nd quarter worth $330,000. Mark Sheptoff Financial Planning LLC boosted its stake in shares of Palantir Technologies by 6.0% in the 2nd quarter. Mark Sheptoff Financial Planning LLC now owns 75,525 shares of the company’s stock valued at $1,913,000 after buying an additional 4,300 shares during the period. Concorde Asset Management LLC grew its position in shares of Palantir Technologies by 2.4% during the second quarter. Concorde Asset Management LLC now owns 19,344 shares of the company’s stock worth $490,000 after buying an additional 456 shares in the last quarter. MRP Capital Investments LLC increased its stake in shares of Palantir Technologies by 55.7% during the second quarter. MRP Capital Investments LLC now owns 45,075 shares of the company’s stock worth $1,142,000 after buying an additional 16,125 shares during the period. Finally, LJI Wealth Management LLC acquired a new stake in Palantir Technologies in the second quarter valued at approximately $1,034,000. Institutional investors and hedge funds own 45.65% of the company’s stock.

Insider Transactions at Palantir Technologies

In related news, insider Shyam Sankar sold 50,000 shares of Palantir Technologies stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $32.35, for a total value of $1,617,500.00. Following the transaction, the insider now directly owns 752,786 shares in the company, valued at approximately $24,352,627.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, Director Eric H. Woersching sold 3,026 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the director now directly owns 29,817 shares of the company’s stock, valued at approximately $834,876. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Shyam Sankar sold 50,000 shares of Palantir Technologies stock in a transaction that occurred on Thursday, August 22nd. The shares were 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 owns 752,786 shares in the company, valued at $24,352,627.10. The disclosure for this sale can be found here. Insiders sold 5,383,238 shares of company stock worth $190,231,672 over the last 90 days. 12.93% of the stock is currently owned by insiders.

Palantir Technologies Stock Performance

NYSE PLTR opened at $37.20 on Friday. The firm’s fifty day moving average is $30.57 and its two-hundred day moving average is $25.90. Palantir Technologies Inc. has a one year low of $13.68 and a one year high of $37.35. The firm has a market cap of $83.31 billion, a PE ratio of 310.03 and a beta of 2.72.

Palantir Technologies (NYSE:PLTR) last issued its quarterly earnings results on Monday, August 5th. The company reported $0.03 earnings per share (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 during the quarter, compared to analyst estimates of $653.23 million. During the same quarter last year, the firm earned $0.01 EPS. The business’s revenue was up 27.2% on a year-over-year basis. Research analysts predict that Palantir Technologies Inc. will post 0.19 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have commented on PLTR. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Palantir Technologies from $20.00 to $21.00 and gave the stock a “sell” rating in a report on Tuesday, August 6th. Mizuho downgraded shares of Palantir Technologies from a “neutral” rating to an “underperform” rating and boosted their target price for the stock from $21.00 to $22.00 in a research note on Tuesday, July 16th. Wedbush restated an “outperform” rating and issued a $38.00 price target on shares of Palantir Technologies in a research note on Monday, September 9th. DA Davidson upped their price objective on Palantir Technologies from $24.00 to $28.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 6th. Finally, Citigroup raised their target price on Palantir Technologies from $25.00 to $28.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 30th. Five analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Palantir Technologies currently has a consensus rating of “Hold” and a consensus price target of $26.79.

Palantir Technologies 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.