Westerkirk Capital Inc. Invests $1.01 Million in Palantir Technologies Inc. $PLTR

Westerkirk Capital Inc. acquired a new stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 7,400 shares of the company’s stock, valued at approximately $1,009,000.

Several other large investors also recently bought and sold shares of the business. M&T Bank Corp grew its stake in shares of Palantir Technologies by 4.7% in the second quarter. M&T Bank Corp now owns 191,386 shares of the company’s stock worth $26,090,000 after acquiring an additional 8,536 shares during the period. Boston Family Office LLC boosted its holdings in Palantir Technologies by 0.3% in the second quarter. Boston Family Office LLC now owns 34,105 shares of the company’s stock worth $4,649,000 after purchasing an additional 105 shares during the last quarter. Willis Johnson & Associates Inc. grew its position in Palantir Technologies by 39.0% in the 2nd quarter. Willis Johnson & Associates Inc. now owns 6,520 shares of the company’s stock worth $889,000 after purchasing an additional 1,829 shares during the period. Valued Retirements Inc. purchased a new stake in Palantir Technologies during the 2nd quarter valued at $224,000. Finally, TradeLink Capital LLC purchased a new stake in Palantir Technologies during the 2nd quarter valued at $2,495,000. 45.65% of the stock is currently owned by institutional investors.

Palantir Technologies Trading Up 1.9%

Shares of NASDAQ:PLTR opened at $170.69 on Wednesday. The stock has a 50 day moving average of $179.00 and a 200 day moving average of $160.59. The company has a market cap of $406.83 billion, a PE ratio of 406.41, a price-to-earnings-growth ratio of 6.49 and a beta of 1.49. Palantir Technologies Inc. has a 12-month low of $63.40 and a 12-month high of $207.52.

Palantir Technologies (NASDAQ:PLTR) last released its earnings results on Monday, November 3rd. The company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.04. Palantir Technologies had a net margin of 28.11% and a return on equity of 15.48%. The company had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.09 billion. During the same quarter last year, the business earned $0.10 EPS. The firm’s revenue was up 62.8% compared to the same quarter last year. Equities research analysts predict that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Alexander C. Karp sold 45,564 shares of the business’s stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $156.25, for a total value of $7,119,375.00. Following the transaction, the insider directly owned 6,432,258 shares in the company, valued at $1,005,040,312.50. The trade was a 0.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Ryan D. Taylor sold 36,048 shares of the stock in a transaction dated Monday, November 24th. The stock was sold at an average price of $162.36, for a total value of $5,852,753.28. Following the sale, the insider owned 251,409 shares of the company’s stock, valued at $40,818,765.24. This represents a 12.54% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 1,065,892 shares of company stock worth $173,869,312. 12.93% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research firms recently commented on PLTR. CICC Research upped their price objective on Palantir Technologies from $128.00 to $150.00 and gave the company a “neutral” rating in a research report on Wednesday, November 12th. Wall Street Zen lowered shares of Palantir Technologies from a “buy” rating to a “hold” rating in a research report on Friday, November 28th. Citigroup increased their price objective on shares of Palantir Technologies from $190.00 to $210.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 5th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Palantir Technologies from $160.00 to $200.00 and gave the stock a “hold” rating in a report on Tuesday, November 4th. Finally, Royal Bank Of Canada upped their target price on shares of Palantir Technologies from $45.00 to $50.00 and gave the company an “underperform” rating in a report on Tuesday, November 4th. Four research analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $172.28.

Palantir Technologies Profile

Palantir Technologies, Inc engages in the business of building and deploying software platforms that serve as the central operating systems for its customers. It operates under the Commercial and Government segments. The Commercial segment focuses on customers working in non-government industries. The Government segment is involved in providing services to customers that are the United States government and non-United States government agencies.