Palantir Technologies Inc. (NYSE:PLTR) Shares Purchased by Carnegie Investment Counsel

Carnegie Investment Counsel grew its stake in Palantir Technologies Inc. (NYSE:PLTR) by 95.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 101,728 shares of the company’s stock after purchasing an additional 49,750 shares during the quarter. Carnegie Investment Counsel’s holdings in Palantir Technologies were worth $2,577,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. SeaCrest Wealth Management LLC boosted its stake in Palantir Technologies by 14.5% during the 2nd quarter. SeaCrest Wealth Management LLC now owns 29,443 shares of the company’s stock worth $746,000 after purchasing an additional 3,718 shares during the last quarter. Perfromance Wealth Partners LLC acquired a new stake in shares of Palantir Technologies in the second quarter valued at approximately $324,000. Dakota Wealth Management lifted its position in Palantir Technologies by 671.8% during the second quarter. Dakota Wealth Management now owns 96,061 shares of the company’s stock worth $2,433,000 after buying an additional 83,615 shares in the last quarter. Colonial River Wealth Management LLC boosted its stake in Palantir Technologies by 42.8% during the second quarter. Colonial River Wealth Management LLC now owns 13,671 shares of the company’s stock worth $346,000 after buying an additional 4,096 shares during the last quarter. Finally, Neo Ivy Capital Management purchased a new stake in Palantir Technologies in the 2nd quarter valued at $979,000. Institutional investors and hedge funds own 45.65% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Argus began coverage on shares of Palantir Technologies in a report on Monday, June 17th. They issued a “buy” rating and a $29.00 target price for the company. Royal Bank of Canada reissued an “underperform” rating and set a $9.00 price target on shares of Palantir Technologies in a research report on Tuesday, August 6th. Raymond James upped their price objective on Palantir Technologies from $25.00 to $30.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 6th. Monness Crespi & Hardt cut their price target on Palantir Technologies from $20.00 to $18.00 and set a “sell” rating on the stock in a report on Tuesday, August 6th. Finally, The Goldman Sachs Group increased their price target on Palantir Technologies from $14.00 to $16.00 and gave the company a “neutral” rating in a research report on Wednesday, August 7th. Six research analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $23.14.

Insider Transactions at Palantir Technologies

In other news, insider Heather A. Planishek sold 2,398 shares of the business’s stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $21.30, for a total transaction of $51,077.40. Following the transaction, the insider now directly owns 639,696 shares of the company’s stock, valued at $13,625,524.80. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, insider Heather A. Planishek sold 2,398 shares of the company’s stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $21.30, for a total transaction of $51,077.40. Following the sale, the insider now directly owns 639,696 shares of the company’s stock, valued at approximately $13,625,524.80. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Lauren Elaina Friedman Stat sold 2,000 shares of the business’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $28.97, for a total transaction of $57,940.00. Following the sale, the director now owns 69,039 shares of the company’s stock, valued at approximately $2,000,059.83. The disclosure for this sale can be found here. Insiders sold 495,673 shares of company stock valued at $14,514,337 over the last quarter. Company insiders own 12.93% of the company’s stock.

Palantir Technologies Trading Down 0.5 %

Shares of NYSE PLTR traded down $0.15 during midday trading on Tuesday, reaching $32.35. 37,064,801 shares of the stock were exchanged, compared to its average volume of 55,549,555. The stock has a 50 day moving average price of $26.96 and a 200-day moving average price of $24.31. The company has a market capitalization of $72.04 billion, a P/E ratio of 264.36, a P/E/G ratio of 5.47 and a beta of 2.71. Palantir Technologies Inc. has a 52-week low of $13.68 and a 52-week high of $32.75.

Palantir Technologies (NYSE:PLTR) last posted its quarterly earnings results on Monday, August 5th. The company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.08 by $0.01. Palantir Technologies had a return on equity of 8.88% and a net margin of 16.32%. The company had revenue of $678.13 million during the quarter, compared to analysts’ expectations of $653.23 million. During the same quarter in the previous year, the business earned $0.01 EPS. The firm’s revenue was up 27.2% on a year-over-year basis. On average, analysts forecast that Palantir Technologies Inc. will post 0.19 earnings per share for the current year.

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.