Keystone Wealth Services LLC Purchases 4,793 Shares of Palantir Technologies Inc. $PLTR

Keystone Wealth Services LLC boosted its position in shares of Palantir Technologies Inc. (NASDAQ:PLTRFree Report) by 91.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,011 shares of the company’s stock after purchasing an additional 4,793 shares during the period. Keystone Wealth Services LLC’s holdings in Palantir Technologies were worth $1,826,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Signature Resources Capital Management LLC bought a new position in shares of Palantir Technologies during the second quarter valued at approximately $25,000. Briaud Financial Planning Inc purchased a new position in Palantir Technologies during the 2nd quarter valued at $27,000. LFA Lugano Financial Advisors SA bought a new position in Palantir Technologies in the 2nd quarter valued at $27,000. Frazier Financial Advisors LLC bought a new position in Palantir Technologies in the 2nd quarter valued at $28,000. Finally, Delos Wealth Advisors LLC purchased a new stake in Palantir Technologies in the second quarter worth $29,000. 45.65% of the stock is owned by hedge funds and other institutional investors.

Palantir Technologies News Roundup

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

Palantir Technologies Stock Performance

Shares of PLTR opened at $174.04 on Tuesday. The company has a 50 day moving average price of $180.57 and a 200-day moving average price of $169.74. Palantir Technologies Inc. has a fifty-two week low of $63.40 and a fifty-two week high of $207.52. The stock has a market capitalization of $414.81 billion, a PE ratio of 414.39, a PEG ratio of 4.22 and a beta of 1.54.

Palantir Technologies (NASDAQ:PLTRGet Free Report) last issued 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. The company had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.09 billion. Palantir Technologies had a net margin of 28.11% and a return on equity of 15.48%. Palantir Technologies’s revenue was up 62.8% compared to the same quarter last year. During the same period last year, the company posted $0.10 earnings per share. Equities research analysts forecast that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Insiders Place Their Bets

In related news, insider Ryan D. Taylor sold 36,048 shares of the firm’s stock in a transaction dated Monday, November 24th. The stock was sold at an average price of $162.36, for a total transaction of $5,852,753.28. Following the sale, the insider owned 251,409 shares of the company’s stock, valued at $40,818,765.24. This trade represents a 12.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Alexander C. Karp sold 359,325 shares of the business’s stock in a transaction dated 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 completion of the transaction, the insider owned 6,432,258 shares of the company’s stock, valued at $1,054,825,989.42. This represents a 5.29% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 1,008,044 shares of company stock worth $164,601,839. Insiders own 9.23% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on PLTR. UBS Group boosted their target price on shares of Palantir Technologies from $165.00 to $205.00 and gave the company a “neutral” rating in a research note on Tuesday, November 4th. Robert W. Baird boosted their price objective on shares of Palantir Technologies from $170.00 to $200.00 and gave the company a “neutral” rating in a research report on Tuesday, November 4th. Mizuho upped their target price on shares of Palantir Technologies from $165.00 to $205.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 4th. Piper Sandler lifted their price target on shares of Palantir Technologies from $201.00 to $225.00 and gave the company an “overweight” rating in a research note on Tuesday, November 4th. Finally, Northland Securities boosted their price target on Palantir Technologies from $14.00 to $18.50 in a report on Tuesday, November 4th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, sixteen have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Palantir Technologies currently has a consensus rating of “Hold” and an average price target of $172.28.

View Our Latest Stock Analysis on PLTR

About Palantir Technologies

(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.

Further Reading

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

Receive News & Ratings for Palantir Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Palantir Technologies and related companies with MarketBeat.com's FREE daily email newsletter.