Palantir Technologies Inc. (NYSE:PLTR) Shares Purchased by LJI Wealth Management LLC

LJI Wealth Management LLC boosted its holdings in Palantir Technologies Inc. (NYSE:PLTR) by 2.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 41,784 shares of the company’s stock after acquiring an additional 969 shares during the period. LJI Wealth Management LLC’s holdings in Palantir Technologies were worth $1,554,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in PLTR. Empowered Funds LLC boosted its stake in shares of Palantir Technologies by 32.0% during the 1st quarter. Empowered Funds LLC now owns 24,741 shares of the company’s stock worth $569,000 after purchasing an additional 6,002 shares during the last quarter. Sei Investments Co. boosted its stake in shares of Palantir Technologies by 20.1% during the 1st quarter. Sei Investments Co. now owns 299,667 shares of the company’s stock worth $6,895,000 after purchasing an additional 50,159 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in shares of Palantir Technologies by 6.7% during the 1st quarter. Russell Investments Group Ltd. now owns 400,091 shares of the company’s stock worth $9,300,000 after purchasing an additional 25,258 shares during the last quarter. ProShare Advisors LLC acquired a new stake in shares of Palantir Technologies during the 1st quarter worth about $262,000. Finally, Orion Portfolio Solutions LLC boosted its stake in shares of Palantir Technologies by 7.2% during the 1st quarter. Orion Portfolio Solutions LLC now owns 58,715 shares of the company’s stock worth $1,351,000 after purchasing an additional 3,922 shares during the last quarter. 45.65% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

PLTR has been the topic of several recent analyst reports. Bank of America increased their price objective on shares of Palantir Technologies from $30.00 to $50.00 and gave the stock a “buy” rating in a report on Tuesday, September 10th. Argus lowered shares of Palantir Technologies from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. Northland Securities increased their price objective on shares of Palantir Technologies from $35.00 to $38.00 and gave the stock a “market perform” rating in a report on Tuesday, November 5th. Wedbush increased their price objective on shares of Palantir Technologies from $38.00 to $45.00 and gave the stock an “outperform” rating in a report on Thursday, September 26th. Finally, Mizuho increased their price objective on shares of Palantir Technologies from $30.00 to $37.00 and gave the stock an “underperform” rating in a report on Tuesday, November 5th. 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’s stock. Based on data from MarketBeat, Palantir Technologies currently has a consensus rating of “Hold” and a consensus target price of $31.71.

Insider Transactions at Palantir Technologies

In related news, insider Alexander C. Karp sold 4,500,000 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $36.07, for a total transaction of $162,315,000.00. Following the sale, the insider now owns 6,432,258 shares in the company, valued at $232,011,546.06. This represents a 41.16 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Shyam Sankar sold 50,000 shares of the stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $32.35, for a total transaction of $1,617,500.00. Following the sale, the insider now owns 752,786 shares in the company, valued at approximately $24,352,627.10. This trade represents a 6.23 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 31,562,840 shares of company stock valued at $1,435,787,316. 12.93% of the stock is currently owned by corporate insiders.

Palantir Technologies Stock Up 11.1 %

Shares of PLTR traded up $6.59 during mid-day trading on Friday, reaching $65.77. 155,280,388 shares of the stock traded hands, compared to its average volume of 58,381,973. Palantir Technologies Inc. has a 12-month low of $15.66 and a 12-month high of $66.00. The firm has a market cap of $147.29 billion, a price-to-earnings ratio of 329.07 and a beta of 2.70. The stock has a fifty day simple moving average of $43.19 and a 200 day simple moving average of $31.94.

Palantir Technologies (NYSE:PLTR) last released its quarterly earnings results on Monday, November 4th. The company reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.01. Palantir Technologies had a net margin of 18.01% and a return on equity of 9.94%. The business had revenue of $725.52 million during the quarter, compared to the consensus estimate of $705.11 million. During the same quarter last year, the company earned $0.03 earnings per share. The business’s quarterly revenue was up 30.0% compared to the same quarter last year. On average, equities research analysts expect that Palantir Technologies Inc. will post 0.21 earnings per share for the current fiscal year.

About Palantir Technologies

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.