Caz Investments LP Buys 2,000 Shares of Palantir Technologies Inc. (NYSE:PLTR)

Caz Investments LP boosted its stake in shares of Palantir Technologies Inc. (NYSE:PLTR) by 40.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,000 shares of the company’s stock after acquiring an additional 2,000 shares during the period. Palantir Technologies accounts for about 0.2% of Caz Investments LP’s portfolio, making the stock its 13th biggest position. Caz Investments LP’s holdings in Palantir Technologies were worth $260,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Northwest Investment Counselors LLC acquired a new stake in shares of Palantir Technologies during the 3rd quarter worth $25,000. Summit Securities Group LLC bought a new stake in Palantir Technologies during the second quarter worth about $25,000. Farmers & Merchants Investments Inc. bought a new stake in Palantir Technologies during the second quarter worth about $25,000. Creekmur Asset Management LLC grew its stake in Palantir Technologies by 46.0% during the third quarter. Creekmur Asset Management LLC now owns 1,063 shares of the company’s stock worth $40,000 after buying an additional 335 shares in the last quarter. Finally, Ritter Daniher Financial Advisory LLC DE increased its holdings in Palantir Technologies by 47.5% in the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 1,180 shares of the company’s stock valued at $44,000 after buying an additional 380 shares during the period. 45.65% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, insider Ryan D. Taylor sold 155,539 shares of the firm’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $35.02, for a total value of $5,446,975.78. Following the transaction, the insider now owns 331,369 shares of the company’s stock, valued at approximately $11,604,542.38. This trade represents a 31.94 % 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 Heather A. Planishek sold 14,016 shares of the firm’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $30.67, for a total value of $429,870.72. Following the completion of the transaction, the insider now owns 576,023 shares in the company, valued at $17,666,625.41. This represents a 2.38 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 34,167,451 shares of company stock worth $1,603,067,889. 12.93% of the stock is owned by corporate insiders.

Palantir Technologies Price Performance

Shares of PLTR opened at $65.74 on Wednesday. The business has a 50-day moving average of $47.09 and a 200-day moving average of $34.10. The company has a market capitalization of $149.76 billion, a price-to-earnings ratio of 328.72 and a beta of 2.70. Palantir Technologies Inc. has a 1 year low of $15.66 and a 1 year high of $67.88.

Palantir Technologies (NYSE:PLTR) last released its quarterly 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 firm had revenue of $725.52 million during the quarter, compared to analyst estimates of $705.11 million. Palantir Technologies had a net margin of 18.01% and a return on equity of 9.94%. The company’s revenue was up 30.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.03 EPS. As a group, sell-side analysts anticipate that Palantir Technologies Inc. will post 0.21 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on PLTR shares. Bank of America upped their price target on shares of Palantir Technologies from $55.00 to $75.00 and gave the stock a “buy” rating in a report on Monday. Deutsche Bank Aktiengesellschaft raised their target price on Palantir Technologies from $20.00 to $21.00 and gave the company a “sell” rating in a report on Tuesday, August 6th. The Goldman Sachs Group upped their price objective on Palantir Technologies from $16.00 to $41.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Raymond James downgraded Palantir Technologies from an “outperform” rating to a “market perform” rating in a research note on Monday, September 23rd. Finally, Wedbush lifted their price target on shares of Palantir Technologies from $57.00 to $75.00 and gave the company an “outperform” rating in a report on Monday. Six research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Palantir Technologies presently has a consensus rating of “Hold” and a consensus target price of $35.64.

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.