Palantir Technologies Inc. (NYSE:PLTR) Shares Acquired by Thurston Springer Miller Herd & Titak Inc.

Thurston Springer Miller Herd & Titak Inc. lifted its stake in Palantir Technologies Inc. (NYSE:PLTR) by 46.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,200 shares of the company’s stock after purchasing an additional 700 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.’s holdings in Palantir Technologies were worth $82,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in PLTR. EP Wealth Advisors LLC increased its holdings in shares of Palantir Technologies by 25.1% in the fourth quarter. EP Wealth Advisors LLC now owns 16,516 shares of the company’s stock valued at $284,000 after purchasing an additional 3,316 shares during the last quarter. Fisher Asset Management LLC acquired a new stake in shares of Palantir Technologies in the fourth quarter valued at approximately $727,000. PNC Financial Services Group Inc. increased its holdings in shares of Palantir Technologies by 11.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 57,069 shares of the company’s stock valued at $980,000 after purchasing an additional 5,759 shares during the last quarter. HighPoint Advisor Group LLC acquired a new stake in shares of Palantir Technologies in the fourth quarter valued at approximately $678,000. Finally, Nomura Holdings Inc. grew its position in Palantir Technologies by 385.8% in the fourth quarter. Nomura Holdings Inc. now owns 321,252 shares of the company’s stock worth $5,516,000 after acquiring an additional 255,120 shares during the period. Institutional investors and hedge funds own 45.65% of the company’s stock.

Palantir Technologies Trading Down 2.2 %

NYSE:PLTR opened at $42.44 on Wednesday. The firm has a market cap of $94.51 billion, a PE ratio of 353.67 and a beta of 2.72. The stock has a fifty day moving average price of $34.78 and a 200 day moving average price of $27.72. Palantir Technologies Inc. has a 12-month low of $14.48 and a 12-month high of $44.39.

Palantir Technologies (NYSE:PLTR) last released its earnings results on Monday, August 5th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). The company had revenue of $678.13 million during the quarter, compared to analysts’ expectations 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 quarter last year, the business posted $0.01 earnings per share. Equities analysts forecast that Palantir Technologies Inc. will post 0.19 EPS for the current year.

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, insider Shyam Sankar sold 50,000 shares of the firm’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $32.35, for a total value of $1,617,500.00. Following the sale, the insider now directly owns 752,786 shares in the company, valued at $24,352,627.10. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Palantir Technologies news, insider Shyam Sankar sold 50,000 shares of the firm’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $32.35, for a total value of $1,617,500.00. Following the sale, the insider now directly owns 752,786 shares in the company, valued at $24,352,627.10. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider David A. Glazer sold 90,000 shares of the firm’s stock in a transaction on Thursday, July 18th. The shares were sold at an average price of $29.36, for a total value of $2,642,400.00. Following the completion of the sale, the insider now owns 298,012 shares in the company, valued at approximately $8,749,632.32. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 17,837,176 shares of company stock worth $649,593,747 over the last ninety days. Corporate insiders own 12.93% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on PLTR. Deutsche Bank Aktiengesellschaft increased their price objective on Palantir Technologies from $20.00 to $21.00 and gave the stock a “sell” rating in a research report on Tuesday, August 6th. Jefferies Financial Group increased their price objective on Palantir Technologies from $24.00 to $28.00 and gave the stock a “hold” rating in a research report on Monday, July 29th. Mizuho lowered Palantir Technologies from a “neutral” rating to an “underperform” rating and increased their price objective for the stock from $21.00 to $22.00 in a research report on Tuesday, July 16th. Monness Crespi & Hardt lowered their price objective on Palantir Technologies from $20.00 to $18.00 and set a “sell” rating for the company in a research report on Tuesday, August 6th. Finally, Citigroup increased their price objective on Palantir Technologies from $25.00 to $28.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 30th. Five research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Palantir Technologies currently has a consensus rating of “Hold” and an average target price of $27.29.

Palantir Technologies Company 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.