MRA Advisory Group Has $1.62 Million Stock Holdings in Palantir Technologies Inc. $PLTR

MRA Advisory Group raised its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTRFree Report) by 79.8% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,900 shares of the company’s stock after acquiring an additional 3,951 shares during the quarter. Palantir Technologies makes up approximately 0.7% of MRA Advisory Group’s holdings, making the stock its 25th biggest position. MRA Advisory Group’s holdings in Palantir Technologies were worth $1,623,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Financial Consulate Inc. bought a new stake in Palantir Technologies during the 3rd quarter worth about $30,000. Retirement Wealth Solutions LLC acquired a new position in Palantir Technologies during the third quarter valued at approximately $31,000. Flagship Wealth Advisors LLC acquired a new position in shares of Palantir Technologies during the 3rd quarter worth approximately $32,000. Marquette Asset Management LLC bought a new stake in shares of Palantir Technologies during the 3rd quarter worth approximately $34,000. Finally, Millstone Evans Group LLC boosted its holdings in shares of Palantir Technologies by 98.0% in the 3rd quarter. Millstone Evans Group LLC now owns 198 shares of the company’s stock valued at $36,000 after buying an additional 98 shares during the last quarter. Institutional investors own 45.65% of the company’s stock.

Key Headlines Impacting Palantir Technologies

Here are the key news stories impacting Palantir Technologies this week:

Analyst Ratings Changes

A number of research analysts have recently commented on PLTR shares. Phillip Securities assumed coverage on shares of Palantir Technologies in a research report on Thursday, January 22nd. They issued a “buy” rating and a $208.00 price objective for the company. Royal Bank Of Canada raised their price objective on Palantir Technologies from $45.00 to $50.00 and gave the company an “underperform” rating in a research report on Tuesday, November 4th. William Blair upgraded Palantir Technologies from a “market perform” rating to an “outperform” rating in a research note on Monday, February 2nd. Weiss Ratings cut shares of Palantir Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, January 15th. Finally, Citigroup increased their price objective on shares of Palantir Technologies from $235.00 to $260.00 and gave the company a “buy” rating in a research report on Tuesday, February 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $191.05.

View Our Latest Stock Report on PLTR

Palantir Technologies Stock Performance

Shares of Palantir Technologies stock opened at $131.36 on Monday. Palantir Technologies Inc. has a 52-week low of $66.12 and a 52-week high of $207.52. The stock has a market cap of $313.09 billion, a PE ratio of 208.51, a PEG ratio of 2.53 and a beta of 1.64. The firm has a 50-day moving average of $169.93 and a 200-day moving average of $172.62.

Palantir Technologies (NASDAQ:PLTRGet Free Report) last announced its earnings results on Monday, February 2nd. The company reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.02. The firm 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 business’s revenue was up 70.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.14 EPS. Equities research analysts predict that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider David A. Glazer sold 15,557 shares of the stock in a transaction that occurred on Thursday, November 20th. The shares were sold at an average price of $163.99, for a total transaction of $2,551,192.43. Following the sale, the insider owned 415,612 shares in the company, valued at approximately $68,156,211.88. This trade represents a 3.61% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Ryan D. Taylor sold 36,048 shares of the firm’s stock in a transaction on Monday, November 24th. The shares were 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 in the company, valued at approximately $40,818,765.24. This represents a 12.54% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 1,023,844 shares of company stock valued at $167,455,085 in the last ninety days. Insiders own 12.93% of the company’s stock.

Palantir Technologies Company 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.

See Also

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

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