(Ticker Report) – Raymond James & Associates acquired a new stake in Palantir Technologies Inc. (NYSE:PLTR) during the third quarter, Holdings Channel reports. The firm acquired 124,554 shares of the company’s stock, valued at approximately $1,183,000.
A number of other hedge funds also recently bought and sold shares of PLTR. Allen Operations LLC purchased a new stake in shares of Palantir Technologies in the third quarter worth $65,345,000. Private Advisor Group LLC bought a new position in Palantir Technologies in the third quarter valued at about $318,000.
Jacobi Capital Management LLC bought a new position in Palantir Technologies in the third quarter valued at about $28,000. Steward Partners Investment Advisory LLC bought a new position in shares of Palantir Technologies in the third quarter worth about $59,000. Finally, Stratos Wealth Partners LTD. bought a new position in shares of Palantir Technologies in the third quarter worth about $169,000.
Several brokerages recently issued reports on PLTR. Jefferies Financial Group lifted their target price on Palantir Technologies from $13.00 to $18.00 and gave the company a “buy” rating in a research note on Friday, November 13th. Morgan Stanley lowered Palantir Technologies from an “overweight” rating to an “equal weight” rating and set a $15.00 price target for the company. in a research note on Friday, November 13th. Smith Barney Citigroup initiated coverage on Palantir Technologies in a research report on Tuesday, October 27th. They set a “neutral” rating and a $10.00 target price for the company. Credit Suisse Group initiated coverage on Palantir Technologies in a research report on Monday, October 26th. They set a “neutral” rating and a $11.00 target price for the company. Finally, The Goldman Sachs Group initiated coverage on Palantir Technologies in a research report on Monday, October 26th. They issued a “neutral” rating and a $10.00 price target for the company. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $13.17.
In other news, Director Alexander D. Moore sold 285,000 shares of the company’s stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $9.54, for a total value of $2,718,900.00. Following the sale, the director now owns 2,714,249 shares in the company, valued at $25,893,935.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Also, insider David A. Glazer sold 269,993 shares of the company’s stock in a transaction dated Monday, November 23rd. The stock was sold at an average price of $20.25, for a total value of $5,467,358.25. Following the completion of the sale, the insider now owns 3,219,962 shares in the company, valued at approximately $65,204,230.50. The disclosure for this sale can be found here. Insiders sold 18,438,733 shares of company stock worth $189,650,527 in the last 90 days.
Palantir Technologies stock opened at $27.66 on Monday. The company’s 50-day moving average price is $13.33. Palantir Technologies Inc. has a fifty-two week low of $8.90 and a fifty-two week high of $33.50.
Palantir Technologies (NYSE:PLTR) last posted its quarterly earnings results on Thursday, November 12th. The company reported $0.09 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.07. The firm had revenue of $289.37 million for the quarter, compared to analysts’ expectations of $279.32 million. The firm’s revenue for the quarter was up 51.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.16) EPS.
About Palantir Technologies
Palantir Technologies Inc builds and deploys software platforms for the intelligence community in the United States to assist in counterterrorism investigations and operations. It offers Palantir Gotham, a software platform for government operatives in the defense and intelligence sectors, 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.