Heartwood Wealth Advisors LLC Makes New Investment in Palantir Technologies Inc. $PLTR

by · The Cerbat Gem

Heartwood Wealth Advisors LLC purchased a new stake in Palantir Technologies Inc. (NASDAQ:PLTR – Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 2,835 shares of the company’s stock, valued at approximately $517,000.

Several other large investors have also modified their holdings of the business. Signature Resources Capital Management LLC purchased a new stake in Palantir Technologies in the 2nd quarter valued at approximately $25,000. Briaud Financial Planning Inc acquired a new position in shares of Palantir Technologies in the second quarter worth $27,000. LFA Lugano Financial Advisors SA purchased a new stake in shares of Palantir Technologies in the second quarter valued at $27,000. Frazier Financial Advisors LLC acquired a new stake in shares of Palantir Technologies during the second quarter valued at $28,000. Finally, Delos Wealth Advisors LLC purchased a new stake in Palantir Technologies during the 2nd quarter worth about $29,000. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Palantir Technologies Stock Down 0.2%

NASDAQ:PLTR opened at $183.25 on Tuesday. The company has a market cap of $436.76 billion, a P/E ratio of 436.32, a P/E/G ratio of 7.12 and a beta of 1.49. The firm’s 50 day moving average is $179.39 and its two-hundred day moving average is $164.33. Palantir Technologies Inc. has a fifty-two week low of $63.40 and a fifty-two week high of $207.52.

Palantir Technologies (NASDAQ:PLTR – Get Free Report) last released its quarterly earnings data on Monday, November 3rd. The company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.04. The business had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.09 billion. Palantir Technologies had a return on equity of 15.48% and a net margin of 28.11%.The business’s revenue for the quarter was up 62.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.10 EPS. Research analysts forecast that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

Insider Activity at Palantir Technologies

In other news, insider David A. Glazer sold 1,973 shares of the business’s stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $156.25, for a total transaction of $308,281.25. Following the completion of the sale, the insider owned 413,639 shares in the company, valued at approximately $64,631,093.75. The trade was a 0.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jeffrey Buckley sold 1,252 shares of the firm’s stock in a transaction that occurred on Monday, November 24th. The shares were sold at an average price of $157.50, for a total transaction of $197,190.00. Following the completion of the transaction, the insider owned 47,044 shares in the company, valued at $7,409,430. The trade was a 2.59% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 1,008,844 shares of company stock valued at $164,676,161 over the last three months. Insiders own 9.23% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on PLTR shares. Morgan Stanley upped their target price on shares of Palantir Technologies from $155.00 to $205.00 and gave the company an “equal weight” rating in a report on Tuesday, November 4th. Northland Securities upped their price objective on shares of Palantir Technologies from $14.00 to $18.50 in a research note on Tuesday, November 4th. CICC Research lifted their target price on shares of Palantir Technologies from $128.00 to $150.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 12th. Daiwa Capital Markets boosted their price target on Palantir Technologies from $178.00 to $200.00 and gave the company a “neutral” rating in a report on Thursday, November 6th. Finally, Raymond James Financial restated a “market perform” rating on shares of Palantir Technologies in a report on Tuesday, November 4th. Four investment analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $172.28.

Check Out Our Latest Analysis on Palantir Technologies

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.

Recommended Stories

Want to see what other hedge funds are holding PLTR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Palantir Technologies Inc. (NASDAQ:PLTR – Free Report).