Laffer Tengler Investments Inc. Has $3.48 Million Stake in Palantir Technologies Inc. $PLTR

Laffer Tengler Investments Inc. lowered its position in Palantir Technologies Inc. (NASDAQ:PLTRFree Report) by 51.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,097 shares of the company’s stock after selling 20,366 shares during the period. Laffer Tengler Investments Inc.’s holdings in Palantir Technologies were worth $3,484,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Decker Retirement Planning Inc. grew its holdings in shares of Palantir Technologies by 778.7% during the third quarter. Decker Retirement Planning Inc. now owns 61,326 shares of the company’s stock worth $11,187,000 after buying an additional 54,347 shares in the last quarter. Vanguard Group Inc. lifted its stake in Palantir Technologies by 3.6% in the 2nd quarter. Vanguard Group Inc. now owns 205,717,666 shares of the company’s stock valued at $28,043,432,000 after acquiring an additional 7,194,216 shares in the last quarter. Prentice Wealth Management LLC acquired a new position in Palantir Technologies during the 3rd quarter worth approximately $550,000. Watershed Private Wealth LLC grew its stake in shares of Palantir Technologies by 75.3% during the 3rd quarter. Watershed Private Wealth LLC now owns 7,798 shares of the company’s stock worth $1,423,000 after acquiring an additional 3,350 shares in the last quarter. Finally, GAM Holding AG raised its holdings in shares of Palantir Technologies by 39.0% in the third quarter. GAM Holding AG now owns 13,788 shares of the company’s stock valued at $2,515,000 after purchasing an additional 3,868 shares during the last quarter. 45.65% of the stock is currently owned by institutional investors.

Insider Transactions at Palantir Technologies

In other news, insider David A. Glazer sold 17,438 shares of the stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $133.72, for a total transaction of $2,331,809.36. Following the transaction, the insider owned 392,370 shares in the company, valued at approximately $52,467,716.40. This trade represents a 4.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Ryan D. Taylor sold 19,988 shares of Palantir Technologies stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $133.72, for a total value of $2,672,795.36. Following the sale, the insider directly owned 219,421 shares of the company’s stock, valued at approximately $29,340,976.12. The trade was a 8.35% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 1,054,279 shares of company stock worth $142,212,233. 12.93% of the stock is currently owned by insiders.

Palantir Technologies Price Performance

PLTR stock opened at $147.24 on Wednesday. Palantir Technologies Inc. has a one year low of $66.12 and a one year high of $207.52. The stock has a market cap of $352.15 billion, a price-to-earnings ratio of 233.72, a price-to-earnings-growth ratio of 2.79 and a beta of 1.70. The company has a fifty day moving average price of $157.75 and a two-hundred day moving average price of $169.25.

Palantir Technologies (NASDAQ:PLTRGet Free Report) last issued its quarterly earnings data on Monday, February 2nd. The company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.02. The company had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.34 billion. Palantir Technologies had a net margin of 36.31% and a return on equity of 23.81%. The company’s revenue was up 70.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.14 earnings per share. Research analysts anticipate that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently commented on PLTR. Rosenblatt Securities began coverage on shares of Palantir Technologies in a report on Friday, February 27th. They set a “buy” rating and a $150.00 target price for the company. Mizuho raised shares of Palantir Technologies from a “neutral” rating to an “outperform” rating and set a $195.00 price target on the stock in a research report on Wednesday, February 18th. Bank of America raised their price objective on Palantir Technologies from $215.00 to $255.00 and gave the company a “buy” rating in a report on Tuesday, November 4th. Loop Capital lowered their target price on Palantir Technologies from $230.00 to $220.00 and set a “buy” rating on the stock in a research report on Friday, January 30th. Finally, Raymond James Financial reissued a “market perform” rating on shares of Palantir Technologies in a research report on Tuesday, November 4th. Two analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $187.96.

Check Out Our Latest Research Report on Palantir Technologies

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About Palantir Technologies

(Free Report)

Palantir Technologies is a software company that develops data integration, analytics and operational decision-making platforms for government and commercial customers. Founded in 2003 by a team that included Alex Karp and Peter Thiel, Palantir has grown into a provider of enterprise-scale software designed to help organizations integrate disparate data sources, build analytic models and drive operational workflows. The company went public in 2020 and continues to position its products around large, complex data projects where security, provenance and real-time collaboration are important.

Palantir’s product portfolio centers on a small number of core platforms.

Further Reading

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Institutional Ownership by Quarter for Palantir Technologies (NASDAQ:PLTR)

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