Cwm LLC Has $4.20 Million Stake in Palantir Technologies Inc. (NYSE:PLTR)

Cwm LLC grew its position in Palantir Technologies Inc. (NYSE:PLTR) by 17.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 112,897 shares of the company’s stock after buying an additional 16,552 shares during the quarter. Cwm LLC’s holdings in Palantir Technologies were worth $4,200,000 as of its most recent SEC filing.

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

Insider Buying and Selling

In other news, insider Heather A. Planishek sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, October 4th. The stock was sold at an average price of $39.95, for a total transaction of $799,000.00. Following the completion of the sale, the insider now owns 562,006 shares in the company, valued at $22,452,139.70. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, insider Heather A. Planishek sold 20,000 shares of the business’s stock in a transaction dated Friday, October 4th. The shares were sold at an average price of $39.95, for a total transaction of $799,000.00. Following the completion of the sale, the insider now directly owns 562,006 shares of the company’s stock, valued at $22,452,139.70. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider David A. Glazer sold 90,000 shares of the company’s stock in a transaction dated Thursday, July 18th. The stock was sold at an average price of $29.36, for a total transaction of $2,642,400.00. Following the completion of the sale, the insider now owns 298,012 shares in the company, valued at $8,749,632.32. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 17,831,855 shares of company stock valued at $649,330,295. 12.93% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

PLTR has been the topic of a number of research reports. Monness Crespi & Hardt reduced their price objective on Palantir Technologies from $20.00 to $18.00 and set a “sell” rating on the stock in a research report on Tuesday, August 6th. Northland Securities initiated coverage on shares of Palantir Technologies in a report on Thursday, August 22nd. They set a “market perform” rating and a $35.00 price target on the stock. Deutsche Bank Aktiengesellschaft increased their price objective on Palantir Technologies from $20.00 to $21.00 and gave the company a “sell” rating in a report on Tuesday, August 6th. Wedbush upped their price target on Palantir Technologies from $38.00 to $45.00 and gave the company an “outperform” rating in a research report on Thursday, September 26th. Finally, Raymond James downgraded Palantir Technologies from an “outperform” rating to a “market perform” rating in a research report on Monday, September 23rd. Five analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $27.29.

Palantir Technologies Stock Performance

Palantir Technologies stock opened at $43.51 on Friday. The stock has a market capitalization of $97.44 billion, a price-to-earnings ratio of 255.96 and a beta of 2.72. Palantir Technologies Inc. has a 52-week low of $14.48 and a 52-week high of $44.38. The stock’s 50 day moving average price is $34.08 and its two-hundred day moving average price is $27.42.

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

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.