Orion Porfolio Solutions LLC Acquires 10,090 Shares of Palantir Technologies Inc. $PLTR

Orion Porfolio Solutions LLC boosted its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 10.6% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 105,062 shares of the company’s stock after buying an additional 10,090 shares during the quarter. Orion Porfolio Solutions LLC’s holdings in Palantir Technologies were worth $14,322,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in PLTR. Accuvest Global Advisors increased its position in Palantir Technologies by 0.7% in the 2nd quarter. Accuvest Global Advisors now owns 9,035 shares of the company’s stock valued at $1,232,000 after acquiring an additional 63 shares during the period. Ignite Planners LLC increased its holdings in Palantir Technologies by 0.4% in the second quarter. Ignite Planners LLC now owns 15,362 shares of the company’s stock valued at $2,094,000 after purchasing an additional 66 shares during the period. Christensen King & Associates Investment Services Inc. raised its position in Palantir Technologies by 1.3% during the 2nd quarter. Christensen King & Associates Investment Services Inc. now owns 5,477 shares of the company’s stock worth $747,000 after purchasing an additional 72 shares during the last quarter. McGlone Suttner Wealth Management Inc. lifted its holdings in Palantir Technologies by 1.0% during the 2nd quarter. McGlone Suttner Wealth Management Inc. now owns 7,387 shares of the company’s stock worth $1,007,000 after buying an additional 73 shares during the period. Finally, Boomfish Wealth Group LLC lifted its holdings in Palantir Technologies by 2.7% during the 2nd quarter. Boomfish Wealth Group LLC now owns 2,779 shares of the company’s stock worth $379,000 after buying an additional 73 shares during the period. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently weighed in on PLTR. Daiwa Capital Markets increased their price target on Palantir Technologies from $178.00 to $200.00 and gave the company a “neutral” rating in a research note on Thursday, November 6th. Citigroup upped their price objective on shares of Palantir Technologies from $190.00 to $210.00 and gave the company a “neutral” rating in a research note on Wednesday, November 5th. Mizuho upped their price target on shares of Palantir Technologies from $165.00 to $205.00 and gave the company a “neutral” rating in a research report on Tuesday, November 4th. Weiss Ratings reissued a “hold (c+)” rating on shares of Palantir Technologies in a research report on Monday, December 8th. Finally, Morgan Stanley raised their target price on Palantir Technologies from $155.00 to $205.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 4th. Four investment analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, Palantir Technologies presently has an average rating of “Hold” and an average target price of $172.28.

Insider Activity

In other news, insider David A. Glazer sold 1,973 shares of the stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $156.25, for a total value of $308,281.25. Following the completion of the sale, the insider owned 413,639 shares in the company, valued at $64,631,093.75. This represents a 0.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Jeffrey Buckley sold 1,252 shares of the business’s stock in a transaction dated Monday, November 24th. The stock was sold at an average price of $157.50, for a total transaction of $197,190.00. Following the transaction, the insider owned 47,044 shares in the company, valued at approximately $7,409,430. This trade represents a 2.59% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 1,008,844 shares of company stock worth $164,676,161. Company insiders own 12.93% of the company’s stock.

Palantir Technologies Stock Down 2.1%

Shares of NASDAQ:PLTR opened at $183.57 on Monday. Palantir Technologies Inc. has a twelve month low of $63.40 and a twelve month high of $207.52. The stock’s 50 day moving average is $179.31 and its 200-day moving average is $163.90. The firm has a market capitalization of $437.53 billion, a price-to-earnings ratio of 437.08, a PEG ratio of 7.12 and a beta of 1.50.

Palantir Technologies (NASDAQ:PLTR) last released its quarterly earnings data on Monday, November 3rd. The company reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.04. Palantir Technologies had a net margin of 28.11% and a return on equity of 15.48%. The firm had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter in the prior year, the company posted $0.10 earnings per share. The business’s revenue was up 62.8% on a year-over-year basis. Equities research analysts anticipate that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

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.