Strategy Asset Managers LLC Takes $927,000 Position in Palantir Technologies Inc. (NYSE:PLTR)

Strategy Asset Managers LLC acquired a new position in shares of Palantir Technologies Inc. (NYSE:PLTR) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund acquired 24,913 shares of the company’s stock, valued at approximately $927,000.

Several other large investors have also recently modified their holdings of PLTR. ProShare Advisors LLC bought a new position in shares of Palantir Technologies during the 1st quarter worth approximately $262,000. Orion Portfolio Solutions LLC raised its stake in shares of Palantir Technologies by 7.2% during the 1st quarter. Orion Portfolio Solutions LLC now owns 58,715 shares of the company’s stock worth $1,351,000 after acquiring an additional 3,922 shares in the last quarter. O Shaughnessy Asset Management LLC raised its stake in shares of Palantir Technologies by 29.5% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 79,854 shares of the company’s stock worth $1,837,000 after acquiring an additional 18,170 shares in the last quarter. UniSuper Management Pty Ltd raised its stake in shares of Palantir Technologies by 95.6% during the 1st quarter. UniSuper Management Pty Ltd now owns 26,400 shares of the company’s stock worth $607,000 after acquiring an additional 12,900 shares in the last quarter. Finally, Crewe Advisors LLC bought a new position in shares of Palantir Technologies during the 1st quarter worth approximately $59,000. Institutional investors own 45.65% of the company’s stock.

Palantir Technologies Stock Performance

Shares of NYSE PLTR opened at $62.97 on Wednesday. The company’s fifty day moving average price is $44.29 and its 200 day moving average price is $32.64. 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 PE ratio of 314.87 and a beta of 2.70.

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

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, insider Heather A. Planishek sold 14,016 shares of the stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $30.67, for a total transaction of $429,870.72. Following the completion of the transaction, the insider now owns 576,023 shares of the company’s stock, valued at $17,666,625.41. This trade represents a 2.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Shyam Sankar sold 50,000 shares of the stock in a transaction dated 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 transaction, the insider now directly owns 752,786 shares of the company’s stock, valued at approximately $24,352,627.10. This trade represents a 6.23 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 31,551,467 shares of company stock valued at $1,435,420,536 over the last ninety days. Corporate insiders own 12.93% of the company’s stock.

Wall Street Analysts Forecast Growth

PLTR has been the topic of a number of recent analyst reports. Northland Capmk upgraded shares of Palantir Technologies to a “hold” rating in a research note on Thursday, August 22nd. Argus lowered shares of Palantir Technologies from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. Wedbush upped their price target on shares of Palantir Technologies from $38.00 to $45.00 and gave the company an “outperform” rating in a research note on Thursday, September 26th. Monness Crespi & Hardt cut their price target on shares of Palantir Technologies from $20.00 to $18.00 and set a “sell” rating on the stock in a research note on Tuesday, August 6th. Finally, The Goldman Sachs Group upped their price target on shares of Palantir Technologies from $16.00 to $41.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Six equities 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 MarketBeat, the company has an average rating of “Hold” and a consensus price target of $31.71.

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.