LPL Financial LLC Has $115.34 Million Holdings in Palantir Technologies Inc. (NYSE:PLTR)

LPL Financial LLC boosted its stake in Palantir Technologies Inc. (NYSE:PLTR) by 22.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,100,520 shares of the company’s stock after buying an additional 575,790 shares during the quarter. LPL Financial LLC owned approximately 0.14% of Palantir Technologies worth $115,339,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of PLTR. Trustmark National Bank Trust Department acquired a new stake in shares of Palantir Technologies in the 3rd quarter valued at $207,000. Advisors Asset Management Inc. boosted its position in Palantir Technologies by 76.0% in the third quarter. Advisors Asset Management Inc. now owns 53,665 shares of the company’s stock valued at $1,996,000 after buying an additional 23,178 shares in the last quarter. Kirtland Hills Capital Management LLC grew its stake in Palantir Technologies by 128.2% during the third quarter. Kirtland Hills Capital Management LLC now owns 27,312 shares of the company’s stock worth $1,016,000 after buying an additional 15,344 shares during the last quarter. Strategy Asset Managers LLC acquired a new stake in shares of Palantir Technologies during the third quarter worth approximately $927,000. Finally, Prospera Private Wealth LLC bought a new position in shares of Palantir Technologies in the third quarter valued at approximately $49,000. 45.65% of the stock is currently owned by institutional investors.

Insider Transactions at Palantir Technologies

In related news, insider Alexander C. Karp sold 1,007,496 shares of the company’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $63.96, for a total value of $64,439,444.16. Following the completion of the sale, the insider now owns 6,432,258 shares in the company, valued at $411,407,221.68. This represents a 13.54 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Alexander D. Moore sold 20,000 shares of Palantir Technologies stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $30.89, for a total value of $617,800.00. Following the transaction, the director now owns 1,510,630 shares in the company, valued at approximately $46,663,360.70. This represents a 1.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders 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 Stock Performance

PLTR opened at $64.33 on Friday. The company has a fifty day moving average price of $45.94 and a two-hundred day moving average price of $33.31. The firm has a market capitalization of $146.55 billion, a PE ratio of 321.67 and a beta of 2.70. Palantir Technologies Inc. has a 52 week low of $15.66 and a 52 week high of $66.00.

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

Analyst Ratings Changes

A number of equities research analysts recently commented on PLTR shares. Royal Bank of Canada reaffirmed an “underperform” rating and set a $9.00 price target on shares of Palantir Technologies in a report on Tuesday, August 6th. Argus lowered Palantir Technologies from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. Jefferies Financial Group downgraded shares of Palantir Technologies from a “hold” rating to an “underperform” rating and set a $28.00 price target on the stock. in a research report on Thursday, November 7th. The Goldman Sachs Group upped their target price on shares of Palantir Technologies from $16.00 to $41.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Finally, DA Davidson raised their price target on shares of Palantir Technologies from $28.00 to $47.00 and gave the company a “neutral” rating in a report on Tuesday, November 5th. Six equities research 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’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $31.71.

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.