Rockport Wealth LLC Invests $409,000 in Palantir Technologies Inc. $PLTR

Rockport Wealth LLC purchased a new stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 3,000 shares of the company’s stock, valued at approximately $409,000.

A number of other hedge funds also recently bought and sold shares of the company. Signature Resources Capital Management LLC purchased a new position in Palantir Technologies in the second quarter worth about $25,000. Wealth Preservation Advisors LLC bought a new stake in shares of Palantir Technologies during the first quarter valued at approximately $27,000. 1248 Management LLC purchased a new position in Palantir Technologies in the 1st quarter worth approximately $27,000. Briaud Financial Planning Inc purchased a new position in Palantir Technologies in the 2nd quarter worth approximately $27,000. Finally, LFA Lugano Financial Advisors SA bought a new position in Palantir Technologies in the 2nd quarter valued at approximately $27,000. Institutional investors own 45.65% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on PLTR shares. Royal Bank Of Canada lifted their target price on Palantir Technologies from $45.00 to $50.00 and gave the stock an “underperform” rating in a report on Tuesday, November 4th. Deutsche Bank Aktiengesellschaft boosted their target price on Palantir Technologies from $160.00 to $200.00 and gave the stock a “hold” rating in a research report on Tuesday, November 4th. DA Davidson raised their price target on shares of Palantir Technologies from $170.00 to $215.00 and gave the company a “neutral” rating in a report on Tuesday, November 4th. Morgan Stanley lifted their price target on shares of Palantir Technologies from $155.00 to $205.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 4th. Finally, Wall Street Zen downgraded shares of Palantir Technologies from a “buy” rating to a “hold” rating in a research report on Friday, November 28th. Four equities research analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Palantir Technologies has a consensus rating of “Hold” and an average target price of $172.28.

Palantir Technologies Stock Up 2.2%

Shares of NASDAQ:PLTR opened at $181.76 on Friday. The stock has a market capitalization of $433.21 billion, a PE ratio of 432.77, a price-to-earnings-growth ratio of 7.05 and a beta of 1.49. The firm’s 50 day moving average price is $178.99 and its 200-day moving average price is $161.45. Palantir Technologies Inc. has a twelve month low of $63.40 and a twelve month high of $207.52.

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

Insider Transactions at Palantir Technologies

In related news, insider Jeffrey Buckley sold 1,252 shares of the firm’s stock in a transaction on Monday, November 24th. The stock was sold at an average price of $157.50, for a total value of $197,190.00. Following the transaction, the insider directly owned 47,044 shares of the company’s stock, valued at approximately $7,409,430. This trade represents a 2.59% 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 Ryan D. Taylor sold 36,048 shares of Palantir Technologies 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 transaction, the insider owned 251,409 shares in the company, valued at $40,818,765.24. This trade represents a 12.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,029,844 shares of company stock worth $168,161,111 over the last three months. 9.23% of the stock is currently owned by insiders.

Palantir Technologies Profile

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.