Kingstone Capital Partners Texas LLC Purchases 3,339 Shares of Palantir Technologies Inc. $PLTR

Kingstone Capital Partners Texas LLC increased its position in Palantir Technologies Inc. (NASDAQ:PLTRFree Report) by 8.5% in the 3rd quarter, Holdings Channel.com reports. The firm owned 42,408 shares of the company’s stock after buying an additional 3,339 shares during the quarter. Palantir Technologies comprises 4.5% of Kingstone Capital Partners Texas LLC’s holdings, making the stock its 7th largest position. Kingstone Capital Partners Texas LLC’s holdings in Palantir Technologies were worth $7,736,000 as of its most recent filing with the Securities and Exchange Commission.

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

Palantir Technologies News Summary

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

Analysts Set New Price Targets

Several equities analysts have recently commented on PLTR shares. UBS Group increased their target price on Palantir Technologies from $165.00 to $205.00 and gave the company a “neutral” rating in a research note on Tuesday, November 4th. Piper Sandler upped their price target on shares of Palantir Technologies from $201.00 to $225.00 and gave the company an “overweight” rating in a report on Tuesday, November 4th. The Goldman Sachs Group raised their price objective on shares of Palantir Technologies from $141.00 to $188.00 and gave the stock a “neutral” rating in a report on Tuesday, November 4th. Royal Bank Of Canada boosted their target price on shares of Palantir Technologies from $45.00 to $50.00 and gave the stock an “underperform” rating in a research report on Tuesday, November 4th. Finally, Weiss Ratings cut shares of Palantir Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, sixteen have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $175.88.

Read Our Latest Stock Report on Palantir Technologies

Palantir Technologies Price Performance

PLTR stock opened at $170.96 on Friday. The firm has a market cap of $407.47 billion, a price-to-earnings ratio of 407.06, a PEG ratio of 4.45 and a beta of 1.54. Palantir Technologies Inc. has a 1-year low of $66.12 and a 1-year high of $207.52. The firm has a fifty day moving average price of $178.13 and a two-hundred day moving average price of $171.73.

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

Insider Transactions at Palantir Technologies

In related news, 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 value of $5,852,753.28. Following the sale, the insider owned 251,409 shares of the company’s stock, valued at approximately $40,818,765.24. This trade represents a 12.54% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider David A. Glazer sold 15,557 shares of the business’s stock in a transaction that occurred on Thursday, November 20th. The shares were sold at an average price of $163.99, for a total value of $2,551,192.43. Following the transaction, the insider owned 415,612 shares of the company’s stock, valued at $68,156,211.88. This represents a 3.61% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 1,023,444 shares of company stock valued at $167,394,629 over the last ninety days. Insiders own 9.23% of the company’s stock.

Palantir Technologies 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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