Verus Capital Partners LLC Increases Holdings in Palantir Technologies Inc. (NYSE:PLTR)

Verus Capital Partners LLC boosted its stake in Palantir Technologies Inc. (NYSE:PLTRFree Report) by 6.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 26,897 shares of the company’s stock after purchasing an additional 1,600 shares during the period. Verus Capital Partners LLC’s holdings in Palantir Technologies were worth $430,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the stock. Orion Portfolio Solutions LLC increased its stake in Palantir Technologies by 115.1% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 47,946 shares of the company’s stock worth $767,000 after purchasing an additional 25,653 shares during the period. Wealthfront Advisers LLC grew its position in shares of Palantir Technologies by 294.3% in the 3rd quarter. Wealthfront Advisers LLC now owns 436,559 shares of the company’s stock worth $6,985,000 after buying an additional 325,828 shares during the last quarter. Elite Wealth Management Inc. grew its position in shares of Palantir Technologies by 29.8% in the 3rd quarter. Elite Wealth Management Inc. now owns 123,350 shares of the company’s stock worth $1,974,000 after buying an additional 28,337 shares during the last quarter. Nwam LLC grew its position in shares of Palantir Technologies by 21.7% in the 3rd quarter. Nwam LLC now owns 25,092 shares of the company’s stock worth $401,000 after buying an additional 4,475 shares during the last quarter. Finally, Money Concepts Capital Corp grew its position in shares of Palantir Technologies by 23.0% in the 3rd quarter. Money Concepts Capital Corp now owns 15,359 shares of the company’s stock worth $246,000 after buying an additional 2,874 shares during the last quarter. 34.21% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on PLTR. Jefferies Financial Group reiterated an “underperform” rating and issued a $13.00 price objective (down from $18.00) on shares of Palantir Technologies in a research report on Friday, January 5th. Royal Bank of Canada reiterated an “underperform” rating and issued a $5.00 price objective on shares of Palantir Technologies in a research report on Tuesday, November 21st. Finally, TheStreet upgraded Palantir Technologies from a “d” rating to a “c-” rating in a research report on Friday, September 29th. Seven investment analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Palantir Technologies currently has an average rating of “Hold” and an average price target of $13.18.

View Our Latest Stock Analysis on Palantir Technologies

Palantir Technologies Trading Down 0.9 %

Palantir Technologies stock opened at $16.39 on Thursday. The business’s fifty day simple moving average is $18.11 and its two-hundred day simple moving average is $16.84. Palantir Technologies Inc. has a 12 month low of $5.84 and a 12 month high of $21.85. The company has a market capitalization of $35.65 billion, a price-to-earnings ratio of 273.13, a price-to-earnings-growth ratio of 1.94 and a beta of 2.67.

Palantir Technologies (NYSE:PLTRGet Free Report) last released its earnings results on Thursday, November 2nd. The company reported $0.03 EPS for the quarter, topping the consensus estimate of $0.02 by $0.01. Palantir Technologies had a return on equity of 2.72% and a net margin of 6.93%. The business had revenue of $558.16 million for the quarter, compared to the consensus estimate of $554.61 million. On average, equities research analysts predict that Palantir Technologies Inc. will post 0.1 EPS for the current year.

Insider Transactions at Palantir Technologies

In other news, Director Alexandra W. Schiff sold 4,000 shares of the business’s stock in a transaction on Wednesday, January 3rd. The stock was sold at an average price of $16.11, for a total value of $64,440.00. Following the completion of the transaction, the director now owns 200,783 shares in the company, valued at $3,234,614.13. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Eric H. Woersching sold 5,000 shares of the company’s stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $20.00, for a total transaction of $100,000.00. Following the completion of the sale, the director now owns 52,233 shares in the company, valued at $1,044,660. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Alexandra W. Schiff sold 4,000 shares of the company’s stock in a transaction on Wednesday, January 3rd. The shares were sold at an average price of $16.11, for a total value of $64,440.00. Following the sale, the director now owns 200,783 shares of the company’s stock, valued at approximately $3,234,614.13. The disclosure for this sale can be found here. Insiders sold 971,777 shares of company stock worth $19,041,931 over the last quarter. 13.96% of the stock is currently owned by insiders.

Palantir Technologies Profile

(Free Report)

Palantir Technologies Inc builds and deploys software platforms for the intelligence community in the United States to assist in counterterrorism investigations and operations. The company provides Palantir Gotham, a software platform which enables users to identify patterns hidden deep within datasets, ranging from signals intelligence sources to reports from confidential informants, as well as facilitates the handoff between analysts and operational users, helping operators plan and execute real-world responses to threats that have been identified within the platform.

See Also

Institutional Ownership by Quarter for Palantir Technologies (NYSE:PLTR)

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