Thrivent Financial for Lutherans Raises Stock Holdings in Palantir Technologies Inc. (NYSE:PLTR)

Thrivent Financial for Lutherans boosted its holdings in shares of Palantir Technologies Inc. (NYSE:PLTR) by 73.8% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 91,656 shares of the company’s stock after purchasing an additional 38,924 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Palantir Technologies were worth $3,409,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Northwest Investment Counselors LLC bought a new stake in shares of Palantir Technologies in the third quarter worth $25,000. Summit Securities Group LLC bought a new stake in shares of Palantir Technologies in the 2nd quarter worth about $25,000. Farmers & Merchants Investments Inc. acquired a new stake in shares of Palantir Technologies in the 2nd quarter valued at about $25,000. Creekmur Asset Management LLC lifted its position in shares of Palantir Technologies by 46.0% during the third quarter. Creekmur Asset Management LLC now owns 1,063 shares of the company’s stock worth $40,000 after purchasing an additional 335 shares during the last quarter. Finally, Ritter Daniher Financial Advisory LLC DE grew its stake in Palantir Technologies by 47.5% in the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 1,180 shares of the company’s stock worth $44,000 after purchasing an additional 380 shares in the last quarter. 45.65% of the stock is owned by institutional investors and hedge funds.

Palantir Technologies Trading Up 0.4 %

Shares of NYSE:PLTR opened at $64.63 on Tuesday. The firm’s 50 day moving average is $46.50 and its two-hundred day moving average is $33.78. The firm has a market capitalization of $147.23 billion, a P/E ratio of 323.17 and a beta of 2.70. Palantir Technologies Inc. has a 52 week low of $15.66 and a 52 week high of $67.88.

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

Insider Activity

In other news, insider Heather A. Planishek sold 14,016 shares of the stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $30.67, for a total value of $429,870.72. Following the completion of the transaction, the insider now directly owns 576,023 shares in the company, valued at $17,666,625.41. This trade represents a 2.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Alexander C. Karp sold 1,620,395 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $63.21, for a total value of $102,425,167.95. Following the sale, the insider now directly owns 6,432,258 shares in the company, valued at approximately $406,583,028.18. The trade was a 20.12 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 34,167,451 shares of company stock valued at $1,603,067,889. Company insiders own 12.93% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on PLTR shares. Monness Crespi & Hardt reduced their target price on Palantir Technologies from $20.00 to $18.00 and set a “sell” rating on the stock in a report on Tuesday, August 6th. Bank of America upped their price target on Palantir Technologies from $55.00 to $75.00 and gave the company a “buy” rating in a research report on Monday. Mizuho lifted their price objective on shares of Palantir Technologies from $30.00 to $37.00 and gave the stock an “underperform” rating in a report on Tuesday, November 5th. Jefferies Financial Group cut shares of Palantir Technologies from a “hold” rating to an “underperform” rating and set a $28.00 target price on the stock. in a report on Thursday, November 7th. Finally, Raymond James lowered shares of Palantir Technologies from an “outperform” rating to a “market perform” rating in a report on Monday, September 23rd. Six research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $35.64.

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.