LM Advisors LLC Buys 10,876 Shares of Palantir Technologies Inc. $PLTR

LM Advisors LLC raised its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 38.3% in the second quarter, according to its most recent filing with the SEC. The firm owned 39,258 shares of the company’s stock after purchasing an additional 10,876 shares during the quarter. Palantir Technologies makes up approximately 0.7% of LM Advisors LLC’s investment portfolio, making the stock its 20th largest holding. LM Advisors LLC’s holdings in Palantir Technologies were worth $5,352,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Signature Resources Capital Management LLC bought a new position in Palantir Technologies during the second quarter worth $25,000. Wealth Preservation Advisors LLC acquired a new stake in Palantir Technologies during the 1st quarter worth about $27,000. 1248 Management LLC bought a new position in shares of Palantir Technologies in the 1st quarter worth about $27,000. Briaud Financial Planning Inc acquired a new position in shares of Palantir Technologies in the 2nd quarter valued at about $27,000. Finally, LFA Lugano Financial Advisors SA acquired a new position in shares of Palantir Technologies in the 2nd quarter valued at about $27,000. Institutional investors and hedge funds own 45.65% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Raymond James Financial reaffirmed a “market perform” rating on shares of Palantir Technologies in a research note on Tuesday, November 4th. Daiwa Capital Markets increased their price target on Palantir Technologies from $178.00 to $200.00 and gave the stock a “neutral” rating in a report on Thursday, November 6th. Mizuho raised their price objective on shares of Palantir Technologies from $165.00 to $205.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 4th. Jefferies Financial Group reiterated an “underperform” rating on shares of Palantir Technologies in a research report on Tuesday, November 4th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Palantir Technologies in a research note on Monday. Four research analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $172.28.

Insider Buying and Selling

In other news, insider Ryan D. Taylor sold 36,048 shares of the stock in a transaction that occurred on 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 completion of the sale, the insider directly owned 251,409 shares of the company’s stock, valued at $40,818,765.24. This represents a 12.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Jeffrey Buckley sold 1,252 shares of the firm’s stock in a transaction that occurred on Monday, November 24th. The shares were sold at an average price of $157.50, for a total value of $197,190.00. Following the completion of the transaction, the insider owned 47,044 shares in the company, valued at $7,409,430. This represents a 2.59% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 1,008,844 shares of company stock worth $164,676,161 over the last ninety days. Insiders own 9.23% of the company’s stock.

Palantir Technologies Stock Down 2.1%

Shares of NASDAQ:PLTR opened at $183.57 on Friday. Palantir Technologies Inc. has a twelve month low of $63.40 and a twelve month high of $207.52. The stock’s 50 day moving average is $179.31 and its 200-day moving average is $163.34. The firm has a market capitalization of $437.53 billion, a price-to-earnings ratio of 437.08, a PEG ratio of 7.27 and a beta of 1.49.

Palantir Technologies (NASDAQ:PLTR) last posted its quarterly earnings results on Monday, November 3rd. The company reported $0.21 earnings per share (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 business had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter last year, the firm posted $0.10 EPS. Palantir Technologies’s revenue was up 62.8% compared to the same quarter last year. Equities research analysts anticipate that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

Palantir Technologies Company 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.