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

by · The Markets Daily

Lbmc Investment Advisors LLC purchased a new stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR – Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 3,042 shares of the company’s stock, valued at approximately $555,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Revolve Wealth Partners LLC acquired a new position in Palantir Technologies during the fourth quarter worth about $450,000. Bison Wealth LLC boosted its position in shares of Palantir Technologies by 37.4% during the 4th quarter. Bison Wealth LLC now owns 17,130 shares of the company’s stock valued at $1,296,000 after purchasing an additional 4,667 shares in the last quarter. Capstone Wealth Management Group LLC boosted its position in shares of Palantir Technologies by 38.0% during the 1st quarter. Capstone Wealth Management Group LLC now owns 17,147 shares of the company’s stock valued at $1,447,000 after purchasing an additional 4,722 shares in the last quarter. Algert Global LLC bought a new position in shares of Palantir Technologies during the 1st quarter valued at about $2,246,000. Finally, Aptus Capital Advisors LLC raised its holdings in shares of Palantir Technologies by 3.9% in the 1st quarter. Aptus Capital Advisors LLC now owns 49,594 shares of the company’s stock worth $4,186,000 after purchasing an additional 1,858 shares in the last quarter. Institutional investors own 45.65% of the company’s stock.

Insiders Place Their Bets

In related news, insider David A. Glazer sold 15,557 shares of the stock in a transaction on Thursday, November 20th. The stock was sold at an average price of $163.99, for a total transaction of $2,551,192.43. Following the completion of the sale, the insider directly owned 415,612 shares in the company, valued at approximately $68,156,211.88. This trade represents a 3.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Alexander C. Karp sold 359,325 shares of Palantir Technologies stock in a transaction on Thursday, November 20th. The shares were sold at an average price of $163.99, for a total value of $58,925,706.75. Following the sale, the insider directly owned 6,432,258 shares of the company’s stock, valued at approximately $1,054,825,989.42. The trade was a 5.29% 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 $164,750,951 in the last three months. Company insiders own 9.23% of the company’s stock.

Analysts Set New Price Targets

PLTR has been the subject of several recent research reports. Wall Street Zen lowered shares of Palantir Technologies from a “buy” rating to a “hold” rating in a research note on Friday, November 28th. Daiwa Capital Markets upped 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. The Goldman Sachs Group raised their price objective on Palantir Technologies from $141.00 to $188.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 4th. DA Davidson lifted their target price on Palantir Technologies from $170.00 to $215.00 and gave the stock a “neutral” rating in a report on Tuesday, November 4th. Finally, Bank of America upped their target price on Palantir Technologies from $215.00 to $255.00 and gave the company a “buy” rating in a report on Tuesday, November 4th. Five equities research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $172.28.

Read Our Latest Stock Analysis on PLTR

Palantir Technologies Price Performance

NASDAQ PLTR opened at $177.29 on Thursday. The firm has a market capitalization of $422.56 billion, a price-to-earnings ratio of 422.13, a price-to-earnings-growth ratio of 7.28 and a beta of 1.49. The company has a 50 day simple moving average of $179.37 and a 200-day simple moving average of $164.85. Palantir Technologies Inc. has a 52-week low of $63.40 and a 52-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 earnings per share for the quarter, beating 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 analyst estimates of $1.09 billion. During the same quarter in the prior year, the business earned $0.10 EPS. The company’s revenue for the quarter was up 62.8% compared to the same quarter last year. On average, analysts predict that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Palantir Technologies Company 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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