Palantir Technologies Inc. $PLTR Shares Acquired by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC lifted its stake in Palantir Technologies Inc. (NASDAQ:PLTRFree Report) by 22.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 458,616 shares of the company’s stock after purchasing an additional 84,369 shares during the period. Palantir Technologies comprises about 0.6% of Exchange Traded Concepts LLC’s holdings, making the stock its 22nd largest holding. Exchange Traded Concepts LLC’s holdings in Palantir Technologies were worth $81,519,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Revolve Wealth Partners LLC acquired a new stake in Palantir Technologies in the 4th quarter valued at about $450,000. Bison Wealth LLC boosted its stake in shares of Palantir Technologies by 37.4% in the 4th quarter. Bison Wealth LLC now owns 17,130 shares of the company’s stock valued at $1,296,000 after buying an additional 4,667 shares during the period. Capstone Wealth Management Group LLC grew its position in shares of Palantir Technologies by 38.0% during the first quarter. Capstone Wealth Management Group LLC now owns 17,147 shares of the company’s stock worth $1,447,000 after buying an additional 4,722 shares in the last quarter. Schnieders Capital Management LLC. increased its stake in shares of Palantir Technologies by 36.8% during the second quarter. Schnieders Capital Management LLC. now owns 6,294 shares of the company’s stock worth $858,000 after buying an additional 1,694 shares during the period. Finally, Inceptionr LLC purchased a new stake in shares of Palantir Technologies during the second quarter worth approximately $552,000. 45.65% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

PLTR has been the subject of a number of recent research reports. Cantor Fitzgerald reiterated a “neutral” rating on shares of Palantir Technologies in a research note on Tuesday, February 3rd. Phillip Securities assumed coverage on shares of Palantir Technologies in a report on Thursday, January 22nd. They issued a “buy” rating and a $208.00 price objective on the stock. UBS Group boosted their target price on shares of Palantir Technologies from $180.00 to $200.00 and gave the stock a “buy” rating in a research note on Wednesday, March 18th. Jefferies Financial Group set a $208.00 target price on Palantir Technologies in a report on Thursday, January 22nd. Finally, The Goldman Sachs Group cut their price target on Palantir Technologies from $188.00 to $182.00 in a research note on Tuesday, February 3rd. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, Palantir Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $198.59.

Check Out Our Latest Research Report on PLTR

Insiders Place Their Bets

In related news, insider Ryan D. Taylor sold 19,988 shares of Palantir Technologies stock in a transaction on Friday, February 20th. The shares were sold at an average price of $133.72, for a total value of $2,672,795.36. Following the transaction, the insider directly owned 219,421 shares in the company, valued at $29,340,976.12. This trade represents a 8.35% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider David A. Glazer sold 17,438 shares of the company’s stock in a transaction 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 of the company’s stock, valued at approximately $52,467,716.40. The trade was a 4.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 1,045,279 shares of company stock valued at $140,539,043. 9.23% of the stock is owned by company insiders.

Trending Headlines about Palantir Technologies

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Palantir Technologies Stock Down 3.0%

NASDAQ PLTR opened at $143.06 on Friday. Palantir Technologies Inc. has a 52-week low of $66.12 and a 52-week high of $207.52. The business’s 50-day moving average price is $148.06 and its 200 day moving average price is $168.49. The firm has a market cap of $342.15 billion, a P/E ratio of 227.08, a P/E/G ratio of 2.92 and a beta of 1.70.

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

Palantir Technologies Profile

(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.

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

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