Townsquare Capital LLC Acquires 17,775 Shares of Palantir Technologies Inc. (NYSE:PLTR)

Townsquare Capital LLC increased its holdings in shares of Palantir Technologies Inc. (NYSE:PLTR) by 87.9% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 38,006 shares of the company’s stock after acquiring an additional 17,775 shares during the quarter. Townsquare Capital LLC’s holdings in Palantir Technologies were worth $1,414,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in PLTR. Swedbank AB bought a new stake in shares of Palantir Technologies in the first quarter worth $303,000. Burney Co. bought a new stake in shares of Palantir Technologies in the 1st quarter valued at about $226,000. Cetera Advisors LLC increased its stake in shares of Palantir Technologies by 51.3% in the first quarter. Cetera Advisors LLC now owns 163,382 shares of the company’s stock valued at $3,759,000 after buying an additional 55,375 shares during the period. Massmutual Trust Co. FSB ADV raised its position in shares of Palantir Technologies by 49.4% during the second quarter. Massmutual Trust Co. FSB ADV now owns 2,012 shares of the company’s stock worth $51,000 after acquiring an additional 665 shares during the last quarter. Finally, HBW Advisory Services LLC acquired a new position in shares of Palantir Technologies in the second quarter worth approximately $249,000. 45.65% of the stock is owned by institutional investors.

Analysts Set New Price Targets

PLTR has been the subject of a number of recent analyst reports. Jefferies Financial Group downgraded shares of Palantir Technologies from a “hold” rating to an “underperform” rating and set a $28.00 target price for the company. in a research report on Thursday, November 7th. DA Davidson lifted their target price on shares of Palantir Technologies from $28.00 to $47.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 5th. Mizuho boosted their target price on shares of Palantir Technologies from $30.00 to $37.00 and gave the company an “underperform” rating in a report on Tuesday, November 5th. Bank of America increased their price target on Palantir Technologies from $55.00 to $75.00 and gave the stock a “buy” rating in a report on Monday, November 25th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on Palantir Technologies from $20.00 to $21.00 and gave the company a “sell” rating in a research note on Tuesday, August 6th. Six research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, Palantir Technologies has a consensus rating of “Hold” and an average price target of $35.64.

Palantir Technologies Stock Up 1.6 %

Shares of NYSE:PLTR opened at $67.08 on Monday. Palantir Technologies Inc. has a twelve month low of $15.66 and a twelve month high of $67.88. The stock’s 50 day moving average is $48.86 and its 200-day moving average is $35.05. The firm has a market capitalization of $152.81 billion, a price-to-earnings ratio of 335.40, a PEG ratio of 9.07 and a beta of 2.70.

Palantir Technologies (NYSE:PLTR) last released its quarterly earnings data on Monday, November 4th. The company reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01. The firm had revenue of $725.52 million for the quarter, compared to analyst estimates of $705.11 million. Palantir Technologies had a net margin of 18.01% and a return on equity of 9.94%. The business’s quarterly revenue was up 30.0% compared to the same quarter last year. During the same period last year, the firm earned $0.03 earnings per share. Equities research analysts anticipate that Palantir Technologies Inc. will post 0.21 earnings per share for the current fiscal year.

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, Director Lauren Elaina Friedman Stat sold 9,746 shares of Palantir Technologies stock in a transaction on Monday, November 25th. The shares were sold at an average price of $66.77, for a total transaction of $650,740.42. Following the transaction, the director now directly owns 111,644 shares of the company’s stock, valued at $7,454,469.88. The trade was a 8.03 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Alexander C. Karp sold 1,620,395 shares of the stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $63.21, for a total transaction of $102,425,167.95. Following the completion of the sale, the insider now owns 6,432,258 shares of the company’s stock, valued at approximately $406,583,028.18. This represents a 20.12 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 34,163,181 shares of company stock worth $1,603,288,758. Insiders own 12.93% of the company’s stock.

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.