Mariner LLC Purchases 196,410 Shares of Palantir Technologies Inc. $PLTR

Mariner LLC grew its position in Palantir Technologies Inc. (NASDAQ:PLTRFree Report) by 21.3% during the third quarter, HoldingsChannel reports. The firm owned 1,116,617 shares of the company’s stock after buying an additional 196,410 shares during the period. Mariner LLC’s holdings in Palantir Technologies were worth $203,686,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of PLTR. Revolve Wealth Partners LLC bought a new stake in Palantir Technologies during the fourth quarter valued at $450,000. Bison Wealth LLC raised its position in shares of Palantir Technologies by 37.4% in the 4th quarter. Bison Wealth LLC now owns 17,130 shares of the company’s stock worth $1,296,000 after acquiring an additional 4,667 shares in the last quarter. Capstone Wealth Management Group LLC lifted its stake in shares of Palantir Technologies by 38.0% in 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 during the period. Schnieders Capital Management LLC. lifted its stake in shares of Palantir Technologies by 36.8% in the 2nd quarter. Schnieders Capital Management LLC. now owns 6,294 shares of the company’s stock valued at $858,000 after purchasing an additional 1,694 shares during the period. Finally, Citizens Financial Group Inc. RI boosted its position in shares of Palantir Technologies by 81.0% during the 2nd quarter. Citizens Financial Group Inc. RI now owns 19,518 shares of the company’s stock valued at $2,661,000 after purchasing an additional 8,732 shares in the last quarter. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Ryan D. Taylor sold 19,988 shares of the firm’s stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $133.72, for a total value of $2,672,795.36. Following the transaction, the insider owned 219,421 shares of the company’s stock, valued at approximately $29,340,976.12. This trade represents a 8.35% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Shyam Sankar sold 168,004 shares of Palantir Technologies stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $133.72, for a total value of $22,465,494.88. Following the transaction, the insider owned 642,786 shares of the company’s stock, valued at $85,953,343.92. This trade represents a 20.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 1,045,279 shares of company stock valued at $140,539,043. 12.93% of the stock is currently owned by insiders.

Palantir Technologies Stock Up 1.2%

Shares of NASDAQ:PLTR opened at $152.72 on Tuesday. Palantir Technologies Inc. has a twelve month low of $66.12 and a twelve month high of $207.52. The stock’s 50 day moving average is $152.56 and its 200-day moving average is $168.86. The firm has a market capitalization of $365.26 billion, a price-to-earnings ratio of 242.42, a PEG ratio of 2.99 and a beta of 1.70.

Palantir Technologies (NASDAQ:PLTRGet Free Report) last posted its quarterly earnings results on Monday, February 2nd. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.02. The business had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.34 billion. Palantir Technologies had a net margin of 36.31% and a return on equity of 23.81%. Palantir Technologies’s revenue was up 70.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.14 EPS. Equities research analysts anticipate that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

More Palantir Technologies News

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

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on PLTR shares. Freedom Capital raised Palantir Technologies from a “strong sell” rating to a “strong-buy” rating in a research note on Friday, February 13th. Jefferies Financial Group set a $208.00 price target on Palantir Technologies in a research note on Thursday, January 22nd. Daiwa Securities Group upgraded Palantir Technologies from a “neutral” rating to a “buy” rating and set a $180.00 price target on the stock in a report on Tuesday, February 10th. The Goldman Sachs Group reduced their price objective on shares of Palantir Technologies from $188.00 to $182.00 in a research report on Tuesday, February 3rd. Finally, UBS Group upgraded shares of Palantir Technologies from a “neutral” rating to a “buy” rating and lowered their price objective for the company from $180.00 to $150.00 in a research note on Thursday, February 26th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Palantir Technologies has a consensus rating of “Moderate Buy” and an average target price of $194.05.

Check Out Our Latest Stock Report on PLTR

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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