Aviance Capital Partners LLC Has $701,000 Stock Position in Palantir Technologies Inc. (NYSE:PLTR)

Aviance Capital Partners LLC grew its position in Palantir Technologies Inc. (NYSE:PLTR) by 116.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,832 shares of the company’s stock after purchasing an additional 10,125 shares during the period. Aviance Capital Partners LLC’s holdings in Palantir Technologies were worth $701,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Northwest Investment Counselors LLC acquired a new stake in shares of Palantir Technologies in the third quarter worth about $25,000. Summit Securities Group LLC acquired a new stake in Palantir Technologies in the 2nd quarter worth approximately $25,000. Farmers & Merchants Investments Inc. bought a new stake in Palantir Technologies during the second quarter worth approximately $25,000. Creekmur Asset Management LLC grew its holdings 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 purchasing an additional 335 shares during the last quarter. Finally, Ritter Daniher Financial Advisory LLC DE raised its position in shares of Palantir Technologies by 47.5% in the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 1,180 shares of the company’s stock valued at $44,000 after purchasing an additional 380 shares during the period. 45.65% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Shyam Sankar sold 50,000 shares of the firm’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $32.35, for a total transaction of $1,617,500.00. Following the completion of the sale, the insider now directly owns 752,786 shares of the company’s stock, valued at $24,352,627.10. This trade represents a 6.23 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Ryan D. Taylor sold 155,539 shares of the business’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $35.02, for a total value 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. This represents a 31.94 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 31,551,467 shares of company stock worth $1,435,420,536 in the last quarter. 12.93% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Northland Capmk raised shares of Palantir Technologies to a “hold” rating in a report on Thursday, August 22nd. Raymond James downgraded Palantir Technologies from an “outperform” rating to a “market perform” rating in a research report on Monday, September 23rd. Bank of America boosted their price objective on Palantir Technologies from $30.00 to $50.00 and gave the stock a “buy” rating in a research report on Tuesday, September 10th. Wedbush raised their target price on Palantir Technologies from $38.00 to $45.00 and gave the company an “outperform” rating in a report on Thursday, September 26th. Finally, Royal Bank of Canada reiterated an “underperform” rating and set a $9.00 price target on shares of Palantir Technologies in a report on Tuesday, August 6th. 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 MarketBeat.com, Palantir Technologies presently has an average rating of “Hold” and an average target price of $31.71.

Palantir Technologies Trading Up 2.8 %

NYSE PLTR opened at $62.97 on Wednesday. Palantir Technologies Inc. has a 1-year low of $15.66 and a 1-year high of $66.00. The company has a market capitalization of $143.45 billion, a price-to-earnings ratio of 314.87 and a beta of 2.70. The stock’s 50 day moving average is $44.29 and its two-hundred day moving average is $32.64.

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

Palantir Technologies Company 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.