Integrated Wealth Concepts LLC Raises Stake in Palantir Technologies Inc. (NYSE:PLTR)

Integrated Wealth Concepts LLC boosted its holdings in shares of Palantir Technologies Inc. (NYSE:PLTR) by 11.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 136,554 shares of the company’s stock after acquiring an additional 14,520 shares during the period. Integrated Wealth Concepts LLC’s holdings in Palantir Technologies were worth $5,080,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Northwest Investment Counselors LLC purchased a new position in Palantir Technologies during the 3rd quarter valued at about $25,000. Summit Securities Group LLC purchased a new position in Palantir Technologies during the 2nd quarter valued at about $25,000. Farmers & Merchants Investments Inc. purchased a new position in Palantir Technologies during the 2nd quarter valued at about $25,000. Creekmur Asset Management LLC lifted its position in Palantir Technologies by 46.0% during the 3rd quarter. Creekmur Asset Management LLC now owns 1,063 shares of the company’s stock valued at $40,000 after acquiring an additional 335 shares during the period. Finally, Ritter Daniher Financial Advisory LLC DE lifted its position in Palantir Technologies by 47.5% during the 3rd 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 period. 45.65% of the stock is owned by hedge funds and other institutional investors.

Palantir Technologies Trading Down 1.6 %

Shares of NYSE PLTR opened at $69.85 on Thursday. The firm has a 50 day moving average of $50.77 and a 200 day moving average of $35.95. The firm has a market capitalization of $159.12 billion, a price-to-earnings ratio of 349.27, a price-to-earnings-growth ratio of 8.98 and a beta of 2.87. Palantir Technologies Inc. has a 12-month low of $15.66 and a 12-month high of $71.37.

Palantir Technologies (NYSE:PLTR) last announced its earnings results on Monday, November 4th. The company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.01. The company 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 firm’s quarterly revenue was up 30.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.03 earnings per share. Sell-side analysts predict that Palantir Technologies Inc. will post 0.21 EPS for the current year.

Insider Activity at Palantir Technologies

In other Palantir Technologies news, Director Lauren Elaina Friedman Stat sold 6,050 shares of Palantir Technologies stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $33.19, for a total transaction of $200,799.50. Following the transaction, the director now owns 158,280 shares of the company’s stock, valued at $5,253,313.20. The trade was a 3.68 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Heather A. Planishek sold 20,000 shares of Palantir Technologies stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $33.74, for a total transaction of $674,800.00. Following the transaction, the insider now directly owns 576,023 shares in the company, valued at $19,435,016.02. This represents a 3.36 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 39,423,181 shares of company stock worth $1,972,588,658. 12.93% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have weighed in on PLTR shares. DA Davidson raised their price objective on shares of Palantir Technologies from $28.00 to $47.00 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. The Goldman Sachs Group raised their price objective on shares of Palantir Technologies from $16.00 to $41.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Northland Securities raised their price objective on shares of Palantir Technologies from $35.00 to $38.00 and gave the company a “market perform” rating in a research note on Tuesday, November 5th. William Blair restated an “underperform” rating on shares of Palantir Technologies in a research note on Wednesday. Finally, Raymond James lowered shares of Palantir Technologies from an “outperform” rating to a “market perform” rating in a research note on Monday, September 23rd. Six research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $35.64.

Palantir Technologies 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.