Knights of Columbus Asset Advisors LLC Boosts Holdings in Palantir Technologies Inc. $PLTR

Knights of Columbus Asset Advisors LLC grew its holdings in Palantir Technologies Inc. (NASDAQ:PLTRFree Report) by 66.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,110 shares of the company’s stock after purchasing an additional 13,585 shares during the quarter. Knights of Columbus Asset Advisors LLC’s holdings in Palantir Technologies were worth $6,222,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Revolve Wealth Partners LLC purchased a new stake in shares of Palantir Technologies in the fourth quarter valued at $450,000. Bison Wealth LLC boosted its stake 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 worth $1,296,000 after purchasing an additional 4,667 shares during the last quarter. Capstone Wealth Management Group LLC grew its holdings in shares of Palantir Technologies by 38.0% during the first quarter. Capstone Wealth Management Group LLC now owns 17,147 shares of the company’s stock worth $1,447,000 after buying an additional 4,722 shares in the last quarter. Park Place Capital Corp lifted its stake in shares of Palantir Technologies by 48.1% during the second quarter. Park Place Capital Corp now owns 308 shares of the company’s stock valued at $40,000 after buying an additional 100 shares during the period. Finally, Truist Financial Corp boosted its position in Palantir Technologies by 4.2% during the second quarter. Truist Financial Corp now owns 537,000 shares of the company’s stock worth $73,204,000 after acquiring an additional 21,809 shares during the last quarter. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on PLTR. DA Davidson increased their price target on Palantir Technologies from $170.00 to $215.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 4th. Daiwa Capital Markets increased their target price on Palantir Technologies from $178.00 to $200.00 and gave the stock a “neutral” rating in a research report on Thursday, November 6th. Jefferies Financial Group set a $208.00 price target on Palantir Technologies in a report on Thursday, January 22nd. Robert W. Baird increased their price objective on shares of Palantir Technologies from $170.00 to $200.00 and gave the stock a “neutral” rating in a report on Tuesday, November 4th. Finally, Citigroup upgraded shares of Palantir Technologies from a “neutral” rating to a “buy” rating and boosted their target price for the company from $210.00 to $235.00 in a report on Monday, January 12th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, fifteen have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, Palantir Technologies currently has a consensus rating of “Hold” and an average price target of $184.07.

Read Our Latest Report on Palantir Technologies

Palantir Technologies News Roundup

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

Palantir Technologies Stock Performance

PLTR opened at $151.86 on Friday. The company has a market cap of $361.95 billion, a PE ratio of 361.58, a price-to-earnings-growth ratio of 3.96 and a beta of 1.54. Palantir Technologies Inc. has a 1 year low of $66.12 and a 1 year high of $207.52. The firm has a 50 day moving average price of $176.29 and a 200 day moving average price of $173.43.

Palantir Technologies (NASDAQ:PLTRGet Free Report) last issued 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 for the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter last year, the firm posted $0.10 EPS. The business’s revenue for the quarter was up 62.8% compared to the same quarter last year. On average, sell-side analysts predict that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Insider Activity at Palantir Technologies

In other news, insider David A. Glazer sold 9,000 shares of the firm’s stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $185.91, for a total transaction of $1,673,190.00. Following the completion of the sale, the insider directly owned 413,639 shares in the company, valued at $76,899,626.49. This trade represents a 2.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 value of $197,190.00. Following the sale, the insider 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 SEC filing for this sale provides additional information. Over the last three months, insiders have sold 1,023,444 shares of company stock valued at $167,394,629. 9.23% of the stock is currently owned by corporate insiders.

Palantir Technologies Company 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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Institutional Ownership by Quarter for Palantir Technologies (NASDAQ:PLTR)

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