Howard Financial Services LTD. Has $524,000 Stock Holdings in Palantir Technologies Inc. (NYSE:PLTR)

Howard Financial Services LTD. grew its position in shares of Palantir Technologies Inc. (NYSE:PLTR) by 21.1% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,081 shares of the company’s stock after acquiring an additional 2,455 shares during the quarter. Howard Financial Services LTD.’s holdings in Palantir Technologies were worth $524,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in PLTR. Summit Securities Group LLC bought a new position in shares of Palantir Technologies in the 2nd quarter valued at about $25,000. Farmers & Merchants Investments Inc. acquired a new position in Palantir Technologies during the second quarter valued at approximately $25,000. West Paces Advisors Inc. increased its position in shares of Palantir Technologies by 110.7% during the 1st quarter. West Paces Advisors Inc. now owns 1,180 shares of the company’s stock worth $27,000 after purchasing an additional 620 shares during the last quarter. University of Texas Texas AM Investment Management Co. acquired a new position in shares of Palantir Technologies during the 2nd quarter worth approximately $30,000. Finally, Massmutual Trust Co. FSB ADV raised its stake in shares of Palantir Technologies by 105.3% during the 1st quarter. Massmutual Trust Co. FSB ADV now owns 1,347 shares of the company’s stock worth $31,000 after purchasing an additional 691 shares in the last quarter. 45.65% of the stock is owned by institutional investors.

Insider Transactions at Palantir Technologies

In other Palantir Technologies news, Director Lauren Elaina Friedman Stat sold 3,050 shares of Palantir Technologies stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $26.43, for a total value of $80,611.50. Following the completion of the transaction, the director now directly owns 65,989 shares of the company’s stock, valued at $1,744,089.27. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Palantir Technologies news, Director Lauren Elaina Friedman Stat sold 3,050 shares of the firm’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $26.43, for a total value of $80,611.50. Following the transaction, the director now directly owns 65,989 shares of the company’s stock, valued at $1,744,089.27. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider David A. Glazer sold 90,000 shares of the business’s stock in a transaction that occurred on Thursday, July 18th. The shares were sold at an average price of $29.36, for a total transaction of $2,642,400.00. Following the completion of the transaction, the insider now owns 298,012 shares of the company’s stock, valued at $8,749,632.32. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 17,831,855 shares of company stock valued at $649,330,295. 12.93% of the stock is currently owned by company insiders.

Palantir Technologies Price Performance

PLTR stock opened at $41.58 on Wednesday. Palantir Technologies Inc. has a fifty-two week low of $14.48 and a fifty-two week high of $41.58. The stock has a market capitalization of $93.12 billion, a price-to-earnings ratio of 345.45 and a beta of 2.72. The business’s fifty day moving average price is $33.03 and its two-hundred day moving average price is $27.05.

Palantir Technologies (NYSE:PLTR) last released its quarterly earnings results on Monday, August 5th. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). The business had revenue of $678.13 million for the quarter, compared to the consensus estimate of $653.23 million. Palantir Technologies had a return on equity of 8.88% and a net margin of 16.32%. Palantir Technologies’s revenue was up 27.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.01 earnings per share. Research analysts expect that Palantir Technologies Inc. will post 0.19 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on PLTR shares. DA Davidson boosted their target price on shares of Palantir Technologies from $24.00 to $28.00 and gave the stock a “neutral” rating in a report on Tuesday, August 6th. Monness Crespi & Hardt lowered their price objective on shares of Palantir Technologies from $20.00 to $18.00 and set a “sell” rating on the stock in a research note on Tuesday, August 6th. Raymond James downgraded shares of Palantir Technologies from an “outperform” rating to a “market perform” rating in a research note on Monday, September 23rd. Citigroup boosted their price target on Palantir Technologies from $25.00 to $28.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 30th. Finally, Argus started coverage on Palantir Technologies in a research note on Monday, June 17th. They issued a “buy” rating and a $29.00 price objective on the stock. Five research analysts have rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $27.29.

Palantir Technologies Profile

Palantir Technologies Inc builds and deploys software platforms for the intelligence community to assist in counterterrorism investigations and operations in the United States, the United Kingdom, and internationally. The company provides Palantir Gotham, a software platform which enables users to identify patterns hidden deep within datasets, ranging from signals intelligence sources to reports from confidential informants, as well as facilitates the handoff between analysts and operational users, helping operators plan and execute real-world responses to threats that have been identified within the platform.