Ameritas Advisory Services LLC Purchases 16,026 Shares of Palantir Technologies Inc. $PLTR

Ameritas Advisory Services LLC raised its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTRFree Report) by 45.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 51,107 shares of the company’s stock after purchasing an additional 16,026 shares during the period. Ameritas Advisory Services LLC’s holdings in Palantir Technologies were worth $9,323,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Briaud Financial Planning Inc acquired a new position in shares of Palantir Technologies in the 2nd quarter valued at $27,000. LFA Lugano Financial Advisors SA bought a new stake in Palantir Technologies in the second quarter valued at about $27,000. Delos Wealth Advisors LLC acquired a new position in Palantir Technologies in the second quarter valued at about $29,000. Zeit Capital LLC bought a new position in Palantir Technologies during the second quarter worth about $30,000. Finally, Financial Consulate Inc. acquired a new position in shares of Palantir Technologies during the 3rd quarter worth about $30,000. Institutional investors and hedge funds own 45.65% of the company’s stock.

Insider Buying and Selling

In other 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 completion of the sale, the insider owned 642,786 shares in the company, valued at $100,435,312.50. The trade was a 2.87% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Jeffrey Buckley sold 1,252 shares of the stock in a transaction on Monday, November 24th. The stock was sold at an average price of $157.50, for a total value of $197,190.00. Following the completion of the transaction, the insider owned 47,044 shares in the company, valued at approximately $7,409,430. This represents a 2.59% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 1,023,844 shares of company stock valued at $167,455,085 over the last quarter. 9.23% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

PLTR has been the subject of several research analyst reports. Loop Capital decreased their price target on shares of Palantir Technologies from $230.00 to $220.00 and set a “buy” rating for the company in a report on Friday, January 30th. Jefferies Financial Group set a $208.00 target price on Palantir Technologies in a report on Thursday, January 22nd. Argus raised Palantir Technologies to a “hold” rating in a research note on Monday. DA Davidson dropped their price target on Palantir Technologies from $215.00 to $180.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 3rd. Finally, Piper Sandler reiterated an “overweight” rating and set a $230.00 price objective on shares of Palantir Technologies in a report on Tuesday, February 3rd. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, twelve have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Palantir Technologies presently has a consensus rating of “Hold” and an average price target of $191.05.

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Palantir Technologies Stock Down 4.8%

Shares of NASDAQ:PLTR opened at $129.12 on Friday. Palantir Technologies Inc. has a 12-month low of $66.12 and a 12-month high of $207.52. The company’s 50 day moving average price is $170.94 and its two-hundred day moving average price is $172.59. The firm has a market cap of $307.75 billion, a PE ratio of 204.96, a PEG ratio of 2.60 and a beta of 1.64.

Palantir Technologies (NASDAQ:PLTRGet Free Report) last posted its quarterly earnings results on Monday, February 2nd. The company reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.02. The business had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.34 billion. Palantir Technologies had a net margin of 36.31% and a return on equity of 23.81%. The firm’s revenue for the quarter was up 70.0% on a year-over-year basis. During the same quarter last year, the business posted $0.14 EPS. On average, research analysts expect that Palantir Technologies Inc. will post 0.31 EPS for the current year.

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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