Intrepid Family Office LLC Invests $682,000 in Palantir Technologies Inc. $PLTR

Intrepid Family Office LLC acquired a new stake in Palantir Technologies Inc. (NASDAQ:PLTR) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,000 shares of the company’s stock, valued at approximately $682,000.

Other large investors have also bought and sold shares of the company. Signature Resources Capital Management LLC acquired a new stake in shares of Palantir Technologies in the second quarter valued at about $25,000. Wealth Preservation Advisors LLC acquired a new position in shares of Palantir Technologies in the first quarter worth approximately $27,000. 1248 Management LLC bought a new stake in Palantir Technologies in the first quarter valued at approximately $27,000. Briaud Financial Planning Inc bought a new stake in Palantir Technologies in the second quarter valued at approximately $27,000. Finally, LFA Lugano Financial Advisors SA acquired a new stake in Palantir Technologies during the 2nd quarter valued at approximately $27,000. 45.65% of the stock is owned by institutional investors.

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, 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 transaction of $5,852,753.28. Following the transaction, the insider directly owned 251,409 shares of the company’s stock, valued at $40,818,765.24. The trade was a 12.54% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider David A. Glazer sold 1,973 shares of the company’s stock in a transaction on 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 of the company’s stock, valued at approximately $64,631,093.75. The trade was a 0.47% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 1,029,844 shares of company stock valued at $168,161,111 in the last three months. Insiders own 12.93% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on PLTR shares. CICC Research boosted their price target on shares of Palantir Technologies from $128.00 to $150.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 12th. Wall Street Zen lowered Palantir Technologies from a “buy” rating to a “hold” rating in a research note on Friday, November 28th. Northland Securities raised their price objective on shares of Palantir Technologies from $14.00 to $18.50 in a research report on Tuesday, November 4th. Bank of America lifted their price objective on shares of Palantir Technologies from $215.00 to $255.00 and gave the company a “buy” rating in a research note on Tuesday, November 4th. Finally, Jefferies Financial Group reissued an “underperform” rating on shares of Palantir Technologies in a research note on Tuesday, November 4th. Four analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $172.28.

Palantir Technologies Stock Down 0.1%

Shares of PLTR opened at $181.49 on Tuesday. The business’s fifty day moving average is $179.05 and its 200 day moving average is $162.16. Palantir Technologies Inc. has a 12-month low of $63.40 and a 12-month high of $207.52. The stock has a market cap of $432.57 billion, a P/E ratio of 432.13, a P/E/G ratio of 7.05 and a beta of 1.50.

Palantir Technologies (NASDAQ:PLTR) last released its quarterly earnings data on Monday, November 3rd. The company reported $0.21 earnings per share 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 the consensus estimate of $1.09 billion. During the same quarter in the prior year, the company posted $0.10 earnings per share. The business’s revenue was up 62.8% on a year-over-year basis. On average, analysts expect that Palantir Technologies Inc. will post 0.31 EPS for the current year.

About Palantir Technologies

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.