17,705 Shares in Palantir Technologies Inc. $PLTR Purchased by Rydar Equities Inc.

Rydar Equities Inc. purchased a new position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 17,705 shares of the company’s stock, valued at approximately $2,414,000. Palantir Technologies accounts for approximately 1.9% of Rydar Equities Inc.’s investment portfolio, making the stock its 15th largest holding.

Several other large investors also recently modified their holdings of the stock. National Wealth Management Group LLC raised its holdings in shares of Palantir Technologies by 19.8% in the 2nd quarter. National Wealth Management Group LLC now owns 25,057 shares of the company’s stock worth $3,416,000 after buying an additional 4,147 shares in the last quarter. CacheTech Inc. boosted its stake in Palantir Technologies by 10.3% in the 2nd quarter. CacheTech Inc. now owns 8,427 shares of the company’s stock valued at $1,149,000 after buying an additional 787 shares in the last quarter. Adams Wealth Management grew its position in Palantir Technologies by 10.3% in the second quarter. Adams Wealth Management now owns 8,427 shares of the company’s stock valued at $1,149,000 after acquiring an additional 787 shares during the period. RS Crum Inc. acquired a new position in Palantir Technologies during the second quarter worth $219,000. Finally, Canal Capital Management LLC lifted its holdings in shares of Palantir Technologies by 9.5% during the second quarter. Canal Capital Management LLC now owns 4,572 shares of the company’s stock valued at $623,000 after acquiring an additional 397 shares during the period. 45.65% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, insider Shyam Sankar sold 149,872 shares of the stock in a transaction on Thursday, November 20th. The stock was sold at an average price of $163.99, for a total value of $24,577,509.28. Following the transaction, the insider owned 642,786 shares of the company’s stock, valued at $105,410,476.14. This represents a 18.91% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider David A. Glazer sold 15,557 shares of the firm’s stock in a transaction on Thursday, November 20th. The stock was sold at an average price of $163.99, for a total value of $2,551,192.43. Following the completion of the transaction, the insider owned 415,612 shares in the company, valued at $68,156,211.88. This represents a 3.61% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,008,844 shares of company stock valued at $164,676,161 over the last three months. 12.93% of the stock is owned by insiders.

Palantir Technologies Stock Down 2.1%

Palantir Technologies stock opened at $183.57 on Monday. The business’s 50-day simple moving average is $179.31 and its 200 day simple moving average is $163.90. The stock has a market cap of $437.53 billion, a price-to-earnings ratio of 437.08, a P/E/G ratio of 7.12 and a beta of 1.50. Palantir Technologies Inc. has a 12-month low of $63.40 and a 12-month high of $207.52.

Palantir Technologies (NASDAQ:PLTR) last released its earnings results on Monday, November 3rd. The company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.04. The company had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.09 billion. Palantir Technologies had a net margin of 28.11% and a return on equity of 15.48%. The company’s revenue was up 62.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.10 EPS. As a group, sell-side analysts expect that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Analyst Ratings Changes

Several research firms have recently weighed in on PLTR. CICC Research upped their target price on shares of Palantir Technologies from $128.00 to $150.00 and gave the stock a “neutral” rating in a report on Wednesday, November 12th. Morgan Stanley lifted their target price on shares of Palantir Technologies from $155.00 to $205.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 4th. Deutsche Bank Aktiengesellschaft increased their price target on Palantir Technologies from $160.00 to $200.00 and gave the stock a “hold” rating in a research report on Tuesday, November 4th. Raymond James Financial reiterated a “market perform” rating on shares of Palantir Technologies in a research report on Tuesday, November 4th. Finally, Wall Street Zen cut Palantir Technologies from a “buy” rating to a “hold” rating in a report on Friday, November 28th. Four analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $172.28.

About Palantir Technologies

Palantir Technologies, Inc engages in the business of building and deploying software platforms that serve as the central operating systems for its customers. It operates under the Commercial and Government segments. The Commercial segment focuses on customers working in non-government industries. The Government segment is involved in providing services to customers that are the United States government and non-United States government agencies.