Precision Wealth Strategies LLC Boosts Stake in Palantir Technologies Inc. $PLTR

by · The Cerbat Gem

Precision Wealth Strategies LLC raised its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTRFree Report) by 64.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,708 shares of the company’s stock after buying an additional 10,034 shares during the period. Palantir Technologies comprises approximately 1.5% of Precision Wealth Strategies LLC’s investment portfolio, making the stock its 15th biggest position. Precision Wealth Strategies LLC’s holdings in Palantir Technologies were worth $4,690,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of PLTR. Signature Resources Capital Management LLC bought a new position in shares of Palantir Technologies in the second quarter worth about $25,000. Wealth Preservation Advisors LLC purchased a new stake in Palantir Technologies in the 1st quarter valued at about $27,000. 1248 Management LLC bought a new position in Palantir Technologies in the 1st quarter worth about $27,000. Briaud Financial Planning Inc purchased a new position in shares of Palantir Technologies during the second quarter worth approximately $27,000. Finally, LFA Lugano Financial Advisors SA bought a new stake in shares of Palantir Technologies during the second quarter valued at approximately $27,000. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Shyam Sankar sold 149,872 shares of the company’s stock in a transaction on Thursday, November 20th. The stock was sold at an average price of $163.99, for a total transaction of $24,577,509.28. Following the transaction, the insider directly owned 642,786 shares of the company’s stock, valued at approximately $105,410,476.14. This represents a 18.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider David A. Glazer sold 15,557 shares of the company’s stock in a transaction dated Thursday, November 20th. The shares were sold at an average price of $163.99, for a total value of $2,551,192.43. Following the transaction, the insider directly owned 415,612 shares in the company, valued at $68,156,211.88. This represents a 3.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 1,008,844 shares of company stock valued at $164,750,951. 9.23% of the stock is currently owned by company insiders.

Trending Headlines about Palantir Technologies

Here are the key news stories impacting Palantir Technologies this week:

Palantir Technologies Price Performance

PLTR opened at $193.95 on Friday. The firm has a market capitalization of $462.27 billion, a PE ratio of 461.80, a price-to-earnings-growth ratio of 7.53 and a beta of 1.49. The business’s 50-day moving average is $180.96 and its two-hundred day moving average is $167.26. Palantir Technologies Inc. has a 1 year low of $63.40 and a 1 year high of $207.52.

Palantir Technologies (NASDAQ:PLTRGet Free Report) last released its quarterly earnings results on Monday, November 3rd. The company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.04. The business had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.09 billion. Palantir Technologies had a net margin of 28.11% and a return on equity of 15.48%. The company’s revenue was up 62.8% compared to the same quarter last year. During the same period last year, the business earned $0.10 EPS. As a group, sell-side analysts expect that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Analyst Ratings Changes

PLTR has been the topic of several research analyst reports. Wall Street Zen cut Palantir Technologies from a “buy” rating to a “hold” rating in a research note on Friday, November 28th. Bank of America increased their price target on Palantir Technologies from $215.00 to $255.00 and gave the stock a “buy” rating in a research report on Tuesday, November 4th. UBS Group lifted their price objective on Palantir Technologies from $165.00 to $205.00 and gave the company a “neutral” rating in a report on Tuesday, November 4th. Citigroup increased their target price on shares of Palantir Technologies from $190.00 to $210.00 and gave the stock a “neutral” rating in a report on Wednesday, November 5th. Finally, Robert W. Baird raised their target price on shares of Palantir Technologies from $170.00 to $200.00 and gave the company a “neutral” rating in a research report on Tuesday, November 4th. Five research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $172.28.

Check Out Our Latest Report on Palantir Technologies

Palantir Technologies Profile

(Free Report)

Palantir Technologies is a software company that develops data integration, analytics and operational decision-making platforms for government and commercial customers. Founded in 2003 by a team that included Alex Karp and Peter Thiel, Palantir has grown into a provider of enterprise-scale software designed to help organizations integrate disparate data sources, build analytic models and drive operational workflows. The company went public in 2020 and continues to position its products around large, complex data projects where security, provenance and real-time collaboration are important.

Palantir’s product portfolio centers on a small number of core platforms.

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