Global Trust Asset Management LLC Purchases 6,743 Shares of Palantir Technologies Inc. (NYSE:PLTR)

Global Trust Asset Management LLC grew its stake in Palantir Technologies Inc. (NYSE:PLTR) by 18.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 42,846 shares of the company’s stock after purchasing an additional 6,743 shares during the period. Global Trust Asset Management LLC’s holdings in Palantir Technologies were worth $1,594,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Northwest Investment Counselors LLC bought a new stake in shares of Palantir Technologies in the 3rd quarter valued at approximately $25,000. Summit Securities Group LLC bought a new stake in Palantir Technologies during the 2nd quarter worth approximately $25,000. Farmers & Merchants Investments Inc. bought a new stake in Palantir Technologies during the 2nd quarter worth approximately $25,000. University of Texas Texas AM Investment Management Co. bought a new stake in Palantir Technologies during the 2nd quarter worth approximately $30,000. Finally, Ashburton Jersey Ltd bought a new stake in Palantir Technologies during the 2nd quarter worth approximately $36,000. 45.65% of the stock is currently owned by institutional investors.

Insider Transactions at Palantir Technologies

In other news, insider Shyam Sankar sold 50,000 shares of the firm’s 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 of the company’s stock, valued at $24,352,627.10. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, insider Shyam Sankar sold 50,000 shares of Palantir Technologies stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $32.35, for a total value of $1,617,500.00. Following the sale, the insider now owns 752,786 shares of the company’s stock, valued at approximately $24,352,627.10. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Lauren Elaina Friedman Stat sold 7,321 shares of Palantir Technologies stock in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of $43.90, for a total value of $321,391.90. Following the completion of the sale, the director now directly owns 138,304 shares in the company, valued at approximately $6,071,545.60. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 17,747,176 shares of company stock valued at $646,951,347 over the last 90 days. 12.93% of the stock is owned by company insiders.

Analysts Set New Price Targets

PLTR has been the topic of a number of research analyst reports. Wedbush increased their price target on Palantir Technologies from $38.00 to $45.00 and gave the stock an “outperform” rating in a research report on Thursday, September 26th. Mizuho increased their price target on Palantir Technologies from $24.00 to $30.00 and gave the stock an “underperform” rating in a research report on Thursday, October 17th. The Goldman Sachs Group increased their price target on Palantir Technologies from $14.00 to $16.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 7th. Citigroup upped their price objective on Palantir Technologies from $25.00 to $28.00 and gave the stock a “neutral” rating in a report on Tuesday, July 30th. Finally, Jefferies Financial Group upped their price objective on Palantir Technologies from $24.00 to $28.00 and gave the stock a “hold” rating in a report on Monday, July 29th. Five equities research analysts have rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $27.86.

Palantir Technologies Stock Up 2.3 %

PLTR stock opened at $43.56 on Friday. The business’s fifty day moving average is $36.35 and its 200-day moving average is $28.52. The company has a market cap of $97.54 billion, a P/E ratio of 256.22 and a beta of 2.72. Palantir Technologies Inc. has a twelve month low of $14.48 and a twelve month high of $44.39.

Palantir Technologies (NYSE:PLTR) last released its quarterly earnings results on Monday, August 5th. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). The business had revenue of $678.13 million for the quarter, compared to analyst estimates of $653.23 million. Palantir Technologies had a return on equity of 8.88% and a net margin of 16.32%. The company’s revenue for the quarter was up 27.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.01 EPS. Research analysts anticipate that Palantir Technologies Inc. will post 0.19 earnings per share for the current fiscal year.

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.