M Holdings Securities Inc. Increases Holdings in Palantir Technologies Inc. $PLTR

M Holdings Securities Inc. raised its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 58.5% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 39,004 shares of the company’s stock after buying an additional 14,401 shares during the quarter. M Holdings Securities Inc.’s holdings in Palantir Technologies were worth $5,214,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Philadelphia Trust Co. increased its position in Palantir Technologies by 14.7% during the second quarter. Philadelphia Trust Co. now owns 9,750 shares of the company’s stock worth $1,329,000 after purchasing an additional 1,250 shares during the last quarter. Baird Financial Group Inc. grew its stake in shares of Palantir Technologies by 23.5% in the 2nd quarter. Baird Financial Group Inc. now owns 424,818 shares of the company’s stock valued at $57,911,000 after buying an additional 80,938 shares during the period. Crescent Grove Advisors LLC acquired a new stake in shares of Palantir Technologies during the 2nd quarter worth approximately $279,000. Guggenheim Capital LLC raised its position in shares of Palantir Technologies by 27.1% during the 2nd quarter. Guggenheim Capital LLC now owns 566,060 shares of the company’s stock valued at $77,165,000 after buying an additional 120,627 shares during the period. Finally, McGowan Group Asset Management Inc. lifted its holdings in Palantir Technologies by 22.3% in the second quarter. McGowan Group Asset Management Inc. now owns 18,677 shares of the company’s stock valued at $2,546,000 after acquiring an additional 3,402 shares during the last quarter. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on PLTR shares. UBS Group lifted their target price on Palantir Technologies from $165.00 to $205.00 and gave the company a “neutral” rating in a research report on Tuesday, November 4th. Bank of America boosted their price objective on shares of Palantir Technologies from $215.00 to $255.00 and gave the company a “buy” rating in a report on Tuesday, November 4th. Citigroup upped their target price on shares of Palantir Technologies from $190.00 to $210.00 and gave the company a “neutral” rating in a research report on Wednesday, November 5th. DA Davidson boosted their price target on shares of Palantir Technologies from $170.00 to $215.00 and gave the company a “neutral” rating in a research note on Tuesday, November 4th. Finally, CICC Research increased their price objective on shares of Palantir Technologies from $128.00 to $150.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 12th. Four equities research analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Palantir Technologies currently has an average rating of “Hold” and an average target price of $172.28.

Insiders Place Their Bets

In related news, insider Shyam Sankar sold 19,004 shares of the firm’s stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $156.25, for a total value of $2,969,375.00. Following the completion of the transaction, the insider directly owned 642,786 shares of the company’s stock, valued at $100,435,312.50. This trade represents a 2.87% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Jeffrey Buckley sold 1,252 shares of the business’s stock in a transaction on Monday, November 24th. The stock was sold at an average price of $157.50, for a total value of $197,190.00. Following the sale, the insider owned 47,044 shares in the company, valued at approximately $7,409,430. The trade was a 2.59% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 1,029,844 shares of company stock worth $168,161,111. 9.23% of the stock is owned by insiders.

Palantir Technologies Stock Performance

Shares of NASDAQ PLTR opened at $177.92 on Friday. Palantir Technologies Inc. has a one year low of $63.40 and a one year high of $207.52. The firm has a market capitalization of $424.06 billion, a P/E ratio of 423.63, a PEG ratio of 6.83 and a beta of 1.49. The company’s fifty day moving average is $178.91 and its two-hundred day moving average is $160.82.

Palantir Technologies (NASDAQ:PLTR) last announced its quarterly earnings data on Monday, November 3rd. The company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.17 by $0.04. Palantir Technologies had a net margin of 28.11% and a return on equity of 15.48%. The firm had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.09 billion. During the same quarter last year, the business earned $0.10 earnings per share. The business’s revenue for the quarter was up 62.8% compared to the same quarter last year. On average, sell-side analysts forecast that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

About Palantir Technologies

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.