Shepherd Financial Partners LLC Makes New Investment in Palantir Technologies Inc. $PLTR

by · The Cerbat Gem

Shepherd Financial Partners LLC acquired a new stake in Palantir Technologies Inc. (NASDAQ:PLTR – Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 7,658 shares of the company’s stock, valued at approximately $1,044,000.

Several other institutional investors and hedge funds have also bought and sold shares of PLTR. Norges Bank acquired a new position in shares of Palantir Technologies during the second quarter valued at about $3,307,457,000. Kingstone Capital Partners Texas LLC bought a new stake in Palantir Technologies in the 2nd quarter valued at about $2,543,888,000. Vanguard Group Inc. raised its stake in Palantir Technologies by 3.6% during the 2nd quarter. Vanguard Group Inc. now owns 205,717,666 shares of the company’s stock worth $28,043,432,000 after buying an additional 7,194,216 shares during the period. Nuveen LLC bought a new position in Palantir Technologies in the first quarter worth approximately $520,232,000. Finally, Price T Rowe Associates Inc. MD grew its stake in Palantir Technologies by 55.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 13,346,061 shares of the company’s stock valued at $1,126,408,000 after acquiring an additional 4,748,513 shares during the period. 45.65% of the stock is owned by institutional investors.

Palantir Technologies Stock Performance

Palantir Technologies stock opened at $181.76 on Friday. Palantir Technologies Inc. has a fifty-two week low of $63.40 and a fifty-two week high of $207.52. The firm’s 50-day simple moving average is $178.99 and its 200 day simple moving average is $161.21. The stock has a market cap of $433.21 billion, a PE ratio of 432.77, a price-to-earnings-growth ratio of 6.90 and a beta of 1.49.

Palantir Technologies (NASDAQ:PLTR – Get Free Report) last posted its earnings results on Monday, November 3rd. The company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.17 by $0.04. Palantir Technologies had a net margin of 28.11% and a return on equity of 15.48%. The firm had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.09 billion. During the same quarter last year, the firm earned $0.10 EPS. The company’s quarterly revenue was up 62.8% compared to the same quarter last year. As a group, analysts predict that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. CICC Research upped their target price on Palantir Technologies from $128.00 to $150.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 12th. Weiss Ratings lowered shares of Palantir Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday. Wall Street Zen downgraded shares of Palantir Technologies from a “buy” rating to a “hold” rating in a report on Friday, November 28th. Cantor Fitzgerald lifted their price objective on shares of Palantir Technologies from $155.00 to $198.00 and gave the company a “neutral” rating in a report on Tuesday, November 4th. Finally, Citigroup boosted their target price on shares of Palantir Technologies from $190.00 to $210.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 5th. Four investment analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Palantir Technologies has a consensus rating of “Hold” and an average price target of $172.28.

Get Our Latest Research Report on Palantir Technologies

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, insider David A. Glazer sold 1,973 shares of the business’s stock in a transaction on Friday, November 21st. The stock was sold at an average price of $156.25, for a total value of $308,281.25. Following the transaction, the insider owned 413,639 shares of the company’s stock, valued at approximately $64,631,093.75. The trade was a 0.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Ryan D. Taylor sold 36,048 shares of the company’s stock in a transaction on Monday, November 24th. The shares were sold at an average price of $162.36, for a total value of $5,852,753.28. Following the completion of the transaction, the insider owned 251,409 shares of the company’s stock, valued at $40,818,765.24. This trade represents a 12.54% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 1,029,844 shares of company stock valued at $168,161,111 in the last ninety days. 9.23% of the stock is owned by corporate insiders.

Palantir Technologies Profile

(Free Report)

Palantir Technologies, Inc engages in the business of building and deploying software platforms that serve as the central operating systems for its customers. It operates under the Commercial and Government segments. The Commercial segment focuses on customers working in non-government industries. The Government segment is involved in providing services to customers that are the United States government and non-United States government agencies.

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