Palantir Technologies Inc. (NYSE:PLTR) Shares Bought by Sentry Investment Management LLC

Sentry Investment Management LLC lifted its stake in shares of Palantir Technologies Inc. (NYSE:PLTR) by 36.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 27,078 shares of the company’s stock after buying an additional 7,210 shares during the quarter. Sentry Investment Management LLC’s holdings in Palantir Technologies were worth $1,007,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Summit Securities Group LLC acquired a new position in Palantir Technologies during the second quarter worth approximately $25,000. Farmers & Merchants Investments Inc. acquired a new position in Palantir Technologies in the second quarter valued at $25,000. Northwest Investment Counselors LLC purchased a new stake in shares of Palantir Technologies in the third quarter valued at about $25,000. University of Texas Texas AM Investment Management Co. acquired a new stake in shares of Palantir Technologies during the second quarter worth about $30,000. Finally, Beacon Capital Management LLC grew its holdings in shares of Palantir Technologies by 269.5% during the first quarter. Beacon Capital Management LLC now owns 1,515 shares of the company’s stock worth $35,000 after buying an additional 1,105 shares during the last quarter. Institutional investors and hedge funds own 45.65% of the company’s stock.

Palantir Technologies Stock Down 1.2 %

NYSE:PLTR opened at $41.41 on Tuesday. The company has a market cap of $92.74 billion, a P/E ratio of 243.60 and a beta of 2.70. The firm’s 50 day moving average is $38.19 and its two-hundred day moving average is $29.75. Palantir Technologies Inc. has a fifty-two week low of $15.66 and a fifty-two week high of $45.14.

Palantir Technologies (NYSE:PLTR) last issued its earnings results 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 firm had revenue of $678.13 million during the quarter, compared to analyst estimates of $653.23 million. Palantir Technologies had a net margin of 16.32% and a return on equity of 8.88%. Palantir Technologies’s revenue was up 27.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.01 EPS. Research analysts forecast that Palantir Technologies Inc. will post 0.19 earnings per share for the current fiscal year.

Insider Buying and Selling at Palantir Technologies

In other news, insider Ryan D. Taylor sold 249,684 shares of the firm’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of $30.01, for a total value of $7,493,016.84. Following the transaction, the insider now owns 372,565 shares of the company’s stock, valued at approximately $11,180,675.65. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other Palantir Technologies news, insider Ryan D. Taylor sold 249,684 shares of the company’s 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 completion of the transaction, the insider now owns 372,565 shares in the company, valued at $11,180,675.65. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider David A. Glazer sold 72,500 shares of Palantir Technologies stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $31.18, for a total transaction of $2,260,550.00. Following the sale, the insider now owns 298,012 shares in the company, valued at $9,292,014.16. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 21,204,508 shares of company stock valued at $802,654,666 over the last ninety days. Corporate insiders own 12.93% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on PLTR. DA Davidson increased 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. Bank of America lifted their price objective on shares of Palantir Technologies from $30.00 to $50.00 and gave the company a “buy” rating in a research report on Tuesday, September 10th. Northland Capmk upgraded shares of Palantir Technologies to a “hold” rating in a research note on Thursday, August 22nd. Wedbush raised their price objective on shares of Palantir Technologies from $38.00 to $45.00 and gave the company an “outperform” rating in a research report on Thursday, September 26th. Finally, Jefferies Financial Group boosted their target price on Palantir Technologies from $24.00 to $28.00 and gave the stock a “hold” rating in a research report on Monday, July 29th. Five research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Palantir Technologies presently has a consensus rating of “Hold” and a consensus price target of $27.86.

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.