V. M. Manning & CO. Inc. Buys Shares of 4,004 Palantir Technologies Inc. $PLTR

V. M. Manning & CO. Inc. bought a new position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) during the 2nd quarter, HoldingsChannel reports. The firm bought 4,004 shares of the company’s stock, valued at approximately $546,000. Palantir Technologies comprises approximately 0.6% of V. M. Manning & CO. Inc.’s holdings, making the stock its 28th largest holding.

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

Palantir Technologies Stock Down 2.1%

PLTR opened at $183.57 on Monday. The business’s fifty day simple moving average is $179.31 and its 200 day simple moving average is $163.90. Palantir Technologies Inc. has a 52 week low of $63.40 and a 52 week high of $207.52. The stock has a market cap of $437.53 billion, a PE ratio of 437.08, a P/E/G ratio of 7.12 and a beta of 1.50.

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

Insider Buying and Selling

In other Palantir Technologies news, insider David A. Glazer sold 1,973 shares of the company’s stock in a transaction that occurred on Friday, November 21st. The stock was 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 of the company’s stock, valued at $64,631,093.75. This represents a 0.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Stephen Andrew Cohen sold 39,136 shares of Palantir Technologies stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $156.25, for a total transaction of $6,115,000.00. Following the transaction, the insider directly owned 592 shares in the company, valued at $92,500. This trade represents a 98.51% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 1,008,844 shares of company stock worth $164,676,161 over the last ninety days. Corporate insiders own 12.93% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on PLTR shares. 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. Wall Street Zen cut shares of Palantir Technologies from a “buy” rating to a “hold” rating in a report on Friday, November 28th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Palantir Technologies in a research report on Monday, December 8th. Mizuho boosted their target price on Palantir Technologies from $165.00 to $205.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 4th. Finally, The Goldman Sachs Group upped their target price on Palantir Technologies from $141.00 to $188.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 4th. Four equities research analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average 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.