Centaurus Financial Inc. Acquires 10,539 Shares of Palantir Technologies Inc. $PLTR

Centaurus Financial Inc. lifted its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 36.3% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 39,538 shares of the company’s stock after purchasing an additional 10,539 shares during the quarter. Centaurus Financial Inc.’s holdings in Palantir Technologies were worth $5,390,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Signature Resources Capital Management LLC bought a new stake in shares of Palantir Technologies during the 2nd quarter valued at $25,000. Wealth Preservation Advisors LLC acquired a new position in Palantir Technologies in the first quarter valued at about $27,000. 1248 Management LLC bought a new stake in Palantir Technologies during the first quarter worth about $27,000. Briaud Financial Planning Inc acquired a new stake in Palantir Technologies during the second quarter worth about $27,000. Finally, LFA Lugano Financial Advisors SA bought a new position in Palantir Technologies in the 2nd quarter valued at about $27,000. Institutional investors and hedge funds own 45.65% of the company’s stock.

Wall Street Analysts Forecast Growth

PLTR has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft upped their price target on shares of Palantir Technologies from $160.00 to $200.00 and gave the stock a “hold” rating in a report on Tuesday, November 4th. Piper Sandler raised their target price on Palantir Technologies from $201.00 to $225.00 and gave the company an “overweight” rating in a report on Tuesday, November 4th. Northland Securities lifted their price target on Palantir Technologies from $14.00 to $18.50 in a research note on Tuesday, November 4th. DA Davidson upped their price objective on Palantir Technologies from $170.00 to $215.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 4th. Finally, Cantor Fitzgerald raised their price objective on Palantir Technologies from $155.00 to $198.00 and gave the company a “neutral” rating in a research note on Tuesday, November 4th. Four equities research analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $172.28.

Palantir Technologies Stock Down 2.1%

NASDAQ PLTR opened at $183.57 on Monday. Palantir Technologies Inc. has a twelve month low of $63.40 and a twelve month high of $207.52. The company has a market cap of $437.53 billion, a price-to-earnings ratio of 437.08, a price-to-earnings-growth ratio of 7.12 and a beta of 1.50. The business’s fifty day moving average is $179.31 and its 200 day moving average is $163.90.

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

Insiders Place Their Bets

In related news, insider Shyam Sankar sold 149,872 shares of Palantir Technologies 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 $24,577,509.28. Following the sale, the insider directly owned 642,786 shares in the company, valued at $105,410,476.14. This trade represents a 18.91% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Ryan D. Taylor sold 36,048 shares of the company’s stock in a transaction that occurred on Monday, November 24th. The shares were sold at an average price of $162.36, for a total transaction of $5,852,753.28. Following the completion of the transaction, the insider owned 251,409 shares of the company’s stock, valued at approximately $40,818,765.24. This trade represents a 12.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 1,008,844 shares of company stock worth $164,676,161 over the last quarter. 12.93% of the stock is currently owned by corporate insiders.

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.