Franchise Capital Ltd Purchases Shares of 4,700 Palantir Technologies Inc. $PLTR

Franchise Capital Ltd purchased a new stake in Palantir Technologies Inc. (NASDAQ:PLTRFree Report) during the third quarter, Holdings Channel reports. The firm purchased 4,700 shares of the company’s stock, valued at approximately $857,000. Palantir Technologies makes up approximately 0.4% of Franchise Capital Ltd’s portfolio, making the stock its 13th biggest position.

Several other large investors have also recently modified their holdings of PLTR. Revolve Wealth Partners LLC acquired a new position in shares of Palantir Technologies during the fourth quarter worth $450,000. Bison Wealth LLC grew its stake in Palantir Technologies by 37.4% during the 4th quarter. Bison Wealth LLC now owns 17,130 shares of the company’s stock worth $1,296,000 after buying an additional 4,667 shares during the last quarter. Capstone Wealth Management Group LLC increased 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 valued at $1,447,000 after buying an additional 4,722 shares in the last quarter. A&I Financial Services LLC purchased a new stake in Palantir Technologies in the second quarter valued at about $273,000. Finally, Balefire LLC acquired a new stake in Palantir Technologies in the second quarter worth about $644,000. Institutional investors own 45.65% of the company’s stock.

Insiders Place Their Bets

In other Palantir Technologies news, insider Shyam Sankar sold 149,872 shares of the business’s stock in a transaction that occurred on Thursday, November 20th. The stock was sold at an average price of $163.99, for a total value of $24,577,509.28. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Ryan D. Taylor sold 36,048 shares of the firm’s stock in a transaction that occurred on 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 directly owned 251,409 shares in the company, valued at $40,818,765.24. The trade was a 12.54% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 1,023,444 shares of company stock worth $167,394,629. 9.23% of the stock is currently owned by company insiders.

Palantir Technologies Price Performance

NASDAQ:PLTR opened at $177.07 on Friday. The company’s fifty day moving average price is $178.27 and its 200-day moving average price is $171.49. Palantir Technologies Inc. has a 1-year low of $66.12 and a 1-year high of $207.52. The firm has a market capitalization of $422.04 billion, a P/E ratio of 421.61, a PEG ratio of 4.49 and a beta of 1.54.

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

Palantir Technologies News Roundup

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

Analyst Ratings Changes

PLTR has been the topic of several recent analyst reports. Royal Bank Of Canada upped their price objective on shares of Palantir Technologies from $45.00 to $50.00 and gave the company an “underperform” rating in a report on Tuesday, November 4th. HSBC upped their price target on shares of Palantir Technologies from $181.00 to $197.00 and gave the company a “hold” rating in a research note on Wednesday, November 5th. Raymond James Financial reiterated a “market perform” rating on shares of Palantir Technologies in a research note on Tuesday, November 4th. Truist Financial began coverage on shares of Palantir Technologies in a report on Tuesday, January 6th. They set a “buy” rating and a $223.00 price objective on the stock. Finally, Piper Sandler raised their target price on Palantir Technologies from $201.00 to $225.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 4th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, fifteen have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $175.88.

Read Our Latest Research Report on PLTR

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.

See Also

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

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