Nicolet Advisory Services LLC Grows Stock Holdings in Palantir Technologies Inc. (NYSE:PLTR)

Nicolet Advisory Services LLC grew its holdings in Palantir Technologies Inc. (NYSE:PLTR) by 33.4% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,733 shares of the company’s stock after buying an additional 2,435 shares during the period. Nicolet Advisory Services LLC’s holdings in Palantir Technologies were worth $382,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in PLTR. ProShare Advisors LLC bought a new stake in Palantir Technologies during the first quarter worth approximately $262,000. CreativeOne Wealth LLC bought a new position in shares of Palantir Technologies during the 1st quarter valued at approximately $371,000. Axxcess Wealth Management LLC raised its holdings in Palantir Technologies by 32.0% during the 1st quarter. Axxcess Wealth Management LLC now owns 17,027 shares of the company’s stock valued at $392,000 after buying an additional 4,123 shares during the period. Advisors Asset Management Inc. lifted its position in Palantir Technologies by 87.8% in the first quarter. Advisors Asset Management Inc. now owns 13,742 shares of the company’s stock worth $316,000 after buying an additional 6,426 shares during the last quarter. Finally, Canada Pension Plan Investment Board boosted its stake in Palantir Technologies by 4.4% during the first quarter. Canada Pension Plan Investment Board now owns 1,644,936 shares of the company’s stock worth $37,850,000 after buying an additional 69,436 shares during the period. 45.65% of the stock is currently owned by institutional investors.

Palantir Technologies Price Performance

PLTR stock opened at $64.35 on Friday. Palantir Technologies Inc. has a 1-year low of $15.66 and a 1-year high of $66.00. The business has a 50-day moving average price of $45.94 and a 200 day moving average price of $33.39. The company has a market capitalization of $146.59 billion, a P/E ratio of 321.77 and a beta of 2.70.

Palantir Technologies (NYSE:PLTR) last posted its quarterly earnings results on Monday, November 4th. The company reported $0.10 EPS for the quarter, beating the consensus estimate of $0.09 by $0.01. The business had revenue of $725.52 million during the quarter, compared to analyst estimates of $705.11 million. Palantir Technologies had a net margin of 18.01% and a return on equity of 9.94%. The company’s quarterly revenue was up 30.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.03 EPS. On average, analysts anticipate that Palantir Technologies Inc. will post 0.21 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on PLTR shares. Royal Bank of Canada restated an “underperform” rating and issued a $9.00 target price on shares of Palantir Technologies in a report on Tuesday, August 6th. 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 research note on Tuesday, July 30th. The Goldman Sachs Group upped their target price on Palantir Technologies from $16.00 to $41.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Deutsche Bank Aktiengesellschaft raised their price target on Palantir Technologies from $20.00 to $21.00 and gave the stock a “sell” rating in a research note on Tuesday, August 6th. Finally, Bank of America upped their price objective on Palantir Technologies from $30.00 to $50.00 and gave the company a “buy” rating in a research report on Tuesday, September 10th. Six investment analysts have rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $31.71.

Insider Activity

In other news, insider Heather A. Planishek sold 14,016 shares of the firm’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $30.67, for a total value of $429,870.72. Following the sale, the insider now directly owns 576,023 shares in the company, valued at approximately $17,666,625.41. This trade represents a 2.38 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Ryan D. Taylor sold 155,539 shares of Palantir Technologies stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $35.02, for a total transaction of $5,446,975.78. Following the completion of the transaction, the insider now directly owns 331,369 shares in the company, valued at approximately $11,604,542.38. The trade was a 31.94 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 34,167,451 shares of company stock worth $1,603,067,889. 12.93% of the stock is currently owned by company insiders.

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.