Capital Investment Counsel Inc Increases Holdings in Palantir Technologies Inc. (NYSE:PLTR)

Capital Investment Counsel Inc increased its stake in shares of Palantir Technologies Inc. (NYSE:PLTR) by 0.5% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 120,727 shares of the company’s stock after acquiring an additional 650 shares during the quarter. Capital Investment Counsel Inc’s holdings in Palantir Technologies were worth $2,073,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in PLTR. Handelsbanken Fonder AB increased its stake in Palantir Technologies by 0.3% during the third quarter. Handelsbanken Fonder AB now owns 381,075 shares of the company’s stock worth $6,097,000 after acquiring an additional 1,000 shares during the last quarter. Valeo Financial Advisors LLC boosted its holdings in Palantir Technologies by 25.8% in the third quarter. Valeo Financial Advisors LLC now owns 30,696 shares of the company’s stock valued at $491,000 after purchasing an additional 6,295 shares during the period. Linden Thomas Advisory Services LLC purchased a new position in Palantir Technologies in the third quarter valued at $892,000. Compagnie Lombard Odier SCmA boosted its holdings in Palantir Technologies by 23.3% in the third quarter. Compagnie Lombard Odier SCmA now owns 228,600 shares of the company’s stock valued at $3,658,000 after purchasing an additional 43,140 shares during the period. Finally, Defender Capital LLC. boosted its holdings in Palantir Technologies by 6.5% in the third quarter. Defender Capital LLC. now owns 359,317 shares of the company’s stock valued at $5,749,000 after purchasing an additional 21,777 shares during the period. Institutional investors and hedge funds own 45.65% of the company’s stock.

Insider Activity at Palantir Technologies

In other Palantir Technologies news, insider Ryan D. Taylor sold 120,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $22.00, for a total transaction of $2,640,000.00. Following the transaction, the insider now owns 181,460 shares in the company, valued at approximately $3,992,120. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Palantir Technologies news, insider Ryan D. Taylor sold 150,000 shares of the business’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $24.00, for a total transaction of $3,600,000.00. Following the transaction, the insider now owns 181,460 shares in the company, valued at approximately $4,355,040. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Ryan D. Taylor sold 120,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $22.00, for a total value of $2,640,000.00. Following the completion of the sale, the insider now owns 181,460 shares in the company, valued at approximately $3,992,120. The disclosure for this sale can be found here. Insiders have sold 7,456,273 shares of company stock worth $184,343,202 in the last quarter. Company insiders own 13.96% of the company’s stock.

Palantir Technologies Stock Up 0.9 %

PLTR stock traded up $0.21 during trading on Monday, hitting $22.73. The company had a trading volume of 9,038,042 shares, compared to its average volume of 62,033,711. The firm has a market cap of $50.30 billion, a PE ratio of 250.25, a price-to-earnings-growth ratio of 5.52 and a beta of 2.78. Palantir Technologies Inc. has a 1-year low of $7.28 and a 1-year high of $27.50. The firm has a 50-day moving average price of $23.45 and a 200-day moving average price of $20.08.

Palantir Technologies (NYSE:PLTR) last issued its quarterly earnings results on Monday, February 5th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.01). The company had revenue of $608.35 million during the quarter, compared to analyst estimates of $603.48 million. Palantir Technologies had a net margin of 9.43% and a return on equity of 6.17%. Sell-side analysts anticipate that Palantir Technologies Inc. will post 0.16 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on PLTR. Mizuho lifted their target price on Palantir Technologies from $18.00 to $21.00 and gave the company a “neutral” rating in a report on Thursday, March 7th. Raymond James lifted their target price on Palantir Technologies from $22.00 to $25.00 and gave the company an “outperform” rating in a report on Tuesday, February 6th. HSBC downgraded Palantir Technologies from a “buy” rating to a “hold” rating and set a $22.00 price target for the company. in a report on Wednesday, February 14th. Monness Crespi & Hardt raised Palantir Technologies from a “sell” rating to a “neutral” rating in a report on Friday. Finally, Bank of America lifted their price target on Palantir Technologies from $24.00 to $28.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. Three analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Palantir Technologies has an average rating of “Hold” and an average target price of $18.35.

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.