Centric Wealth Management Acquires New Shares in Palantir Technologies Inc. (NYSE:PLTR)

Centric Wealth Management purchased a new stake in Palantir Technologies Inc. (NYSE:PLTR) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 3,741 shares of the company’s stock, valued at approximately $139,000.

Several other large investors also recently added to or reduced their stakes in PLTR. Northwest Investment Counselors LLC purchased a new stake in Palantir Technologies during the third quarter valued at about $25,000. Summit Securities Group LLC bought a new position in shares of Palantir Technologies during the 2nd quarter valued at about $25,000. Farmers & Merchants Investments Inc. purchased a new position in shares of Palantir Technologies during the 2nd quarter valued at about $25,000. Creekmur Asset Management LLC lifted its position in Palantir Technologies by 46.0% in the 3rd quarter. Creekmur Asset Management LLC now owns 1,063 shares of the company’s stock worth $40,000 after buying an additional 335 shares during the last quarter. Finally, Ritter Daniher Financial Advisory LLC DE grew its position in Palantir Technologies by 47.5% during the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 1,180 shares of the company’s stock valued at $44,000 after acquiring an additional 380 shares during the last quarter. Institutional investors own 45.65% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on PLTR shares. Royal Bank of Canada reaffirmed an “underperform” rating and set a $9.00 target price on shares of Palantir Technologies in a report on Tuesday, August 6th. Deutsche Bank Aktiengesellschaft raised their price objective on Palantir Technologies from $20.00 to $21.00 and gave the company a “sell” rating in a research note on Tuesday, August 6th. DA Davidson boosted their target price on Palantir Technologies from $28.00 to $47.00 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. Northland Capmk upgraded Palantir Technologies to a “hold” rating in a research report on Thursday, August 22nd. Finally, Mizuho boosted their price objective on Palantir Technologies from $30.00 to $37.00 and gave the company an “underperform” rating in a research report on Tuesday, November 5th. Six equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Palantir Technologies has a consensus rating of “Hold” and a consensus price target of $35.64.

Palantir Technologies Trading Up 0.5 %

Shares of PLTR stock opened at $66.05 on Friday. The stock has a market capitalization of $150.46 billion, a price-to-earnings ratio of 412.81, a P/E/G ratio of 8.93 and a beta of 2.70. Palantir Technologies Inc. has a twelve month low of $15.66 and a twelve month high of $67.88. The stock has a fifty day simple moving average of $48.27 and a two-hundred day simple moving average of $34.55.

Palantir Technologies (NYSE:PLTR) last issued its earnings results on Monday, November 4th. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.01. The company had revenue of $725.52 million for the quarter, compared to analysts’ expectations of $705.11 million. Palantir Technologies had a net margin of 18.01% and a return on equity of 9.94%. During the same period in the prior year, the business earned $0.03 EPS. The firm’s quarterly revenue was up 30.0% on a year-over-year basis. Research analysts predict that Palantir Technologies Inc. will post 0.21 EPS for the current fiscal year.

Insider Activity at Palantir Technologies

In other Palantir Technologies news, Director Lauren Elaina Friedman Stat sold 6,000 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $36.35, for a total value of $218,100.00. Following the completion of the sale, the director now owns 152,280 shares of the company’s stock, valued at approximately $5,535,378. This trade represents a 3.79 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Heather A. Planishek sold 20,000 shares of the business’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $33.74, for a total value of $674,800.00. Following the sale, the insider now owns 576,023 shares in the company, valued at $19,435,016.02. The trade was a 3.36 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 34,163,181 shares of company stock valued at $1,603,288,758 over the last quarter. 12.93% of the stock is owned by corporate insiders.

Palantir Technologies Company Profile

Palantir Technologies Inc builds and deploys software platforms for the intelligence community to assist in counterterrorism investigations and operations in the United States, the United Kingdom, and internationally. 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.