Exchange Traded Concepts LLC Acquires 32,522 Shares of Palantir Technologies Inc. $PLTR

Exchange Traded Concepts LLC raised its holdings in Palantir Technologies Inc. (NASDAQ:PLTRFree Report) by 9.5% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 374,247 shares of the company’s stock after buying an additional 32,522 shares during the period. Palantir Technologies makes up approximately 0.6% of Exchange Traded Concepts LLC’s holdings, making the stock its 25th biggest holding. Exchange Traded Concepts LLC’s holdings in Palantir Technologies were worth $68,270,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Signature Resources Capital Management LLC bought a new position in shares of Palantir Technologies in the second quarter worth about $25,000. Wealth Preservation Advisors LLC purchased a new stake in Palantir Technologies in the 1st quarter valued at about $27,000. 1248 Management LLC bought a new position in Palantir Technologies in the 1st quarter worth about $27,000. Briaud Financial Planning Inc purchased a new position in shares of Palantir Technologies during the second quarter worth approximately $27,000. Finally, LFA Lugano Financial Advisors SA bought a new stake in shares of Palantir Technologies during the second quarter valued at approximately $27,000. 45.65% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently issued reports on PLTR shares. Raymond James Financial reissued a “market perform” rating on shares of Palantir Technologies in a research note on Tuesday, November 4th. Daiwa Capital Markets increased their price target on Palantir Technologies from $178.00 to $200.00 and gave the stock a “neutral” rating in a research report on Thursday, November 6th. Northland Securities raised their price target on Palantir Technologies from $14.00 to $18.50 in a research note on Tuesday, November 4th. Bank of America upped their price objective on shares of Palantir Technologies from $215.00 to $255.00 and gave the stock a “buy” rating in a research note on Tuesday, November 4th. Finally, DA Davidson raised their target price on shares of Palantir Technologies from $170.00 to $215.00 and gave the company a “neutral” rating in a research report on Tuesday, November 4th. Five analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $172.28.

View Our Latest Stock Report on Palantir Technologies

Palantir Technologies Price Performance

Shares of PLTR stock opened at $193.38 on Monday. The stock’s 50-day moving average is $179.74 and its 200 day moving average is $165.89. Palantir Technologies Inc. has a 1-year low of $63.40 and a 1-year high of $207.52. The company has a market cap of $460.91 billion, a P/E ratio of 460.44, a PEG ratio of 7.50 and a beta of 1.49.

Palantir Technologies (NASDAQ:PLTRGet Free Report) last released its quarterly earnings results on Monday, November 3rd. The company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.17 by $0.04. Palantir Technologies had a net margin of 28.11% and a return on equity of 15.48%. The business had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.09 billion. During the same period in the prior year, the firm posted $0.10 earnings per share. The company’s quarterly revenue was up 62.8% on a year-over-year basis. On average, analysts anticipate that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Key Stores Impacting Palantir Technologies

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

Insider Buying and Selling

In other Palantir Technologies news, insider Shyam Sankar sold 19,004 shares of Palantir Technologies stock in a transaction on Friday, November 21st. The shares were sold at an average price of $156.25, for a total value of $2,969,375.00. Following the transaction, the insider directly owned 642,786 shares of the company’s stock, valued at approximately $100,435,312.50. The trade was a 2.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Stephen Andrew Cohen sold 39,136 shares of the company’s stock in a transaction on Friday, November 21st. The stock was sold at an average price of $156.25, for a total value of $6,115,000.00. Following the transaction, the insider directly owned 592 shares in the company, valued at approximately $92,500. The trade was a 98.51% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 1,008,844 shares of company stock valued at $164,750,951 over the last quarter. Insiders own 9.23% 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.

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

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