Dynamic Advisor Solutions LLC Buys 14,014 Shares of Palantir Technologies Inc. $PLTR

Dynamic Advisor Solutions LLC boosted its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 19.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 84,804 shares of the company’s stock after purchasing an additional 14,014 shares during the period. Dynamic Advisor Solutions LLC’s holdings in Palantir Technologies were worth $15,470,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Revolve Wealth Partners LLC acquired a new position in shares of Palantir Technologies during the fourth quarter worth about $450,000. Bison Wealth LLC lifted its stake in 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 acquiring an additional 4,667 shares in the last quarter. Capstone Wealth Management Group LLC boosted its position in Palantir Technologies by 38.0% during the 1st quarter. Capstone Wealth Management Group LLC now owns 17,147 shares of the company’s stock worth $1,447,000 after acquiring an additional 4,722 shares during the last quarter. Algert Global LLC bought a new position in shares of Palantir Technologies during the 1st quarter worth approximately $2,246,000. Finally, RWA Wealth Partners LLC raised its holdings in shares of Palantir Technologies by 52.6% in the first quarter. RWA Wealth Partners LLC now owns 7,253 shares of the company’s stock valued at $612,000 after purchasing an additional 2,499 shares during the last quarter. Institutional investors and hedge funds own 45.65% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on PLTR shares. Northland Securities increased their target price on shares of Palantir Technologies from $14.00 to $18.50 in a report on Tuesday, November 4th. Piper Sandler boosted their price target on shares of Palantir Technologies from $201.00 to $225.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 4th. Morgan Stanley raised their price objective on Palantir Technologies from $155.00 to $205.00 and gave the company an “equal weight” rating in a report on Tuesday, November 4th. Citigroup lifted their target price on Palantir Technologies from $190.00 to $210.00 and gave the company a “neutral” rating in a research report on Wednesday, November 5th. Finally, Robert W. Baird increased their price target on Palantir Technologies from $170.00 to $200.00 and gave the company a “neutral” rating in a research report on Tuesday, November 4th. Five investment analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $172.28.

Palantir Technologies Stock Performance

Shares of NASDAQ:PLTR opened at $185.69 on Friday. Palantir Technologies Inc. has a 52-week low of $63.40 and a 52-week high of $207.52. The company has a market capitalization of $442.58 billion, a P/E ratio of 442.13, a price-to-earnings-growth ratio of 6.87 and a beta of 1.49. The company has a 50-day simple moving average of $179.38 and a 200 day simple moving average of $164.99.

Palantir Technologies (NASDAQ:PLTR) last released its quarterly earnings data 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 return on equity of 15.48% and a net margin of 28.11%.The firm had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same quarter in the prior year, the company earned $0.10 earnings per share. The business’s revenue for the quarter was up 62.8% compared to the same quarter last year. As a group, equities analysts forecast that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Insiders Place Their Bets

In other Palantir Technologies news, insider David A. Glazer sold 9,000 shares of the firm’s stock in a transaction on Friday, December 12th. The stock was sold at an average price of $185.91, for a total transaction of $1,673,190.00. Following the completion of the sale, the insider owned 413,639 shares of the company’s stock, valued at $76,899,626.49. This trade represents a 2.13% decrease in their position. 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 company’s stock in a transaction on Monday, November 24th. The shares were sold at an average price of $157.50, for a total transaction of $197,190.00. Following the completion of the transaction, the insider owned 47,044 shares in the company, valued at approximately $7,409,430. This represents a 2.59% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 1,008,844 shares of company stock worth $164,750,951 in the last quarter. Company insiders own 9.23% of the company’s stock.

About Palantir Technologies

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.