Palantir Technologies Inc. $PLTR is Burr Financial Services LLC’s 2nd Largest Position

Burr Financial Services LLC lowered its holdings in Palantir Technologies Inc. (NASDAQ:PLTRFree Report) by 3.6% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 70,518 shares of the company’s stock after selling 2,650 shares during the quarter. Palantir Technologies accounts for 9.6% of Burr Financial Services LLC’s holdings, making the stock its 2nd largest holding. Burr Financial Services LLC’s holdings in Palantir Technologies were worth $12,864,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Revolve Wealth Partners LLC acquired a new position in Palantir Technologies in the fourth quarter valued at about $450,000. Bison Wealth LLC increased its position in shares of Palantir Technologies by 37.4% during the fourth 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 during the last quarter. Capstone Wealth Management Group LLC raised its stake in shares of Palantir Technologies by 38.0% in the 1st quarter. Capstone Wealth Management Group LLC now owns 17,147 shares of the company’s stock valued at $1,447,000 after acquiring an additional 4,722 shares during the period. Pinnacle Wealth Planning Services Inc. lifted its holdings in shares of Palantir Technologies by 87.4% in the 1st quarter. Pinnacle Wealth Planning Services Inc. now owns 5,200 shares of the company’s stock worth $439,000 after acquiring an additional 2,425 shares during the last quarter. Finally, DRW Securities LLC boosted its position in shares of Palantir Technologies by 41.2% during the 1st quarter. DRW Securities LLC now owns 22,623 shares of the company’s stock worth $1,909,000 after purchasing an additional 6,599 shares during the period. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

More Palantir Technologies News

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

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Weiss Ratings reissued a “buy (b-)” rating on shares of Palantir Technologies in a research report on Monday, December 22nd. CICC Research lifted their price objective on Palantir Technologies from $128.00 to $150.00 and gave the company a “neutral” rating in a research note on Wednesday, November 12th. Morgan Stanley increased their target price on Palantir Technologies from $155.00 to $205.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 4th. Royal Bank Of Canada raised their target price on Palantir Technologies from $45.00 to $50.00 and gave the company an “underperform” rating in a report on Tuesday, November 4th. Finally, DA Davidson boosted their price target on shares of Palantir Technologies from $170.00 to $215.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 4th. Five equities research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $172.28.

Get Our Latest Report on Palantir Technologies

Insider Buying and Selling

In other news, insider Shyam Sankar sold 149,872 shares of Palantir Technologies stock in a transaction 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 completion of the sale, the insider directly owned 642,786 shares of the company’s stock, valued at approximately $105,410,476.14. The trade was a 18.91% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Alexander C. Karp sold 359,325 shares of the business’s stock in a transaction on Thursday, November 20th. The stock was sold at an average price of $163.99, for a total transaction of $58,925,706.75. Following the transaction, the insider owned 6,432,258 shares of the company’s stock, valued at approximately $1,054,825,989.42. The trade was a 5.29% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 1,008,844 shares of company stock valued at $164,750,951 over the last ninety days. 12.93% of the stock is currently owned by corporate insiders.

Palantir Technologies Price Performance

PLTR opened at $188.71 on Monday. The business has a fifty day moving average price of $181.17 and a 200 day moving average price of $168.12. Palantir Technologies Inc. has a 12 month low of $63.40 and a 12 month high of $207.52. The stock has a market capitalization of $449.78 billion, a price-to-earnings ratio of 449.32, a PEG ratio of 7.32 and a beta of 1.50.

Palantir Technologies (NASDAQ:PLTRGet Free Report) last announced 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 business had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.09 billion. During the same quarter last year, the business posted $0.10 EPS. The business’s quarterly revenue 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 year.

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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