5,609 Shares in Palantir Technologies Inc. (NYSE:PLTR) Acquired by Fountainhead AM LLC

Fountainhead AM LLC bought a new position in Palantir Technologies Inc. (NYSE:PLTR) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 5,609 shares of the company’s stock, valued at approximately $209,000.

Several other hedge funds also recently modified their holdings of PLTR. Northwest Investment Counselors LLC acquired a new stake in Palantir Technologies during the third quarter valued at approximately $25,000. Summit Securities Group LLC acquired a new stake in shares of Palantir Technologies during the second quarter worth $25,000. Farmers & Merchants Investments Inc. acquired a new stake in Palantir Technologies during the 2nd quarter worth about $25,000. Creekmur Asset Management LLC lifted its stake in Palantir Technologies by 46.0% during the third quarter. Creekmur Asset Management LLC now owns 1,063 shares of the company’s stock valued at $40,000 after buying an additional 335 shares in the last quarter. Finally, University of Texas Texas AM Investment Management Co. acquired a new position in shares of Palantir Technologies in the second quarter worth about $30,000. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Palantir Technologies

In other Palantir Technologies news, insider Ryan D. Taylor sold 160,000 shares of the firm’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $32.00, for a total value of $5,120,000.00. Following the completion of the sale, the insider now owns 372,565 shares in the company, valued at approximately $11,922,080. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Alexander C. Karp sold 4,500,000 shares of the company’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $55.03, for a total value of $247,635,000.00. Following the sale, the insider now owns 6,432,258 shares of the company’s stock, valued at approximately $353,967,157.74. 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 Ryan D. Taylor sold 160,000 shares of the company’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $32.00, for a total transaction of $5,120,000.00. Following the sale, the insider now directly owns 372,565 shares in the company, valued at $11,922,080. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 25,462,878 shares of company stock worth $1,043,597,696. Company insiders own 12.93% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on PLTR shares. Mizuho upped their price target on shares of Palantir Technologies from $30.00 to $37.00 and gave the company an “underperform” rating in a research report on Tuesday, November 5th. DA Davidson increased their target price on Palantir Technologies from $28.00 to $47.00 and gave the company a “neutral” rating in a report on Tuesday, November 5th. The Goldman Sachs Group upped their price target on Palantir Technologies from $16.00 to $41.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Bank of America upped 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, Raymond James cut shares of Palantir Technologies from an “outperform” rating to a “market perform” rating in a report on Monday, September 23rd. Six research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Palantir Technologies presently has a consensus rating of “Hold” and a consensus price target of $31.71.

Palantir Technologies Price Performance

Palantir Technologies stock opened at $60.27 on Tuesday. Palantir Technologies Inc. has a one year low of $15.66 and a one year high of $62.08. The company’s fifty day moving average price is $40.71 and its two-hundred day moving average price is $30.98. The company has a market capitalization of $134.97 billion, a price-to-earnings ratio of 301.37 and a beta of 2.70.

Palantir Technologies (NYSE:PLTR) last issued its quarterly earnings data on Monday, November 4th. The company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01. Palantir Technologies had a return on equity of 9.94% and a net margin of 18.01%. The business had revenue of $725.52 million for the quarter, compared to analyst estimates of $705.11 million. During the same quarter in the prior year, the firm posted $0.03 EPS. The firm’s revenue for the quarter was up 30.0% on a year-over-year basis. As a group, sell-side analysts anticipate that Palantir Technologies Inc. will post 0.2 earnings per share 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.