Continuum Wealth Advisors LLC Buys New Position in Palantir Technologies Inc. $PLTR

Continuum Wealth Advisors LLC purchased a new position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) during the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 1,729 shares of the company’s stock, valued at approximately $236,000.

A number of other institutional investors have also modified their holdings of the company. Accuvest Global Advisors lifted its stake in shares of 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 during the period. Ignite Planners LLC increased its stake 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 last quarter. Christensen King & Associates Investment Services Inc. lifted its position in 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 worth $747,000 after buying an additional 72 shares during the period. McGlone Suttner Wealth Management Inc. boosted its stake in Palantir Technologies by 1.0% in 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 last quarter. Finally, Boomfish Wealth Group LLC grew its holdings in Palantir Technologies by 2.7% in the 2nd quarter. Boomfish Wealth Group LLC now owns 2,779 shares of the company’s stock valued at $379,000 after buying an additional 73 shares during the period. Institutional investors and hedge funds own 45.65% of the company’s stock.

Palantir Technologies Price Performance

Shares of PLTR stock opened at $200.47 on Monday. The company’s fifty day moving average price is $174.75 and its two-hundred day moving average price is $151.19. The firm has a market capitalization of $475.58 billion, a P/E ratio of 668.26, a P/E/G ratio of 10.87 and a beta of 2.63. Palantir Technologies Inc. has a 12 month low of $40.90 and a 12 month high of $204.18.

Palantir Technologies (NASDAQ:PLTR) last announced its earnings results on Monday, August 4th. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.02. The business had revenue of $1 billion for the quarter, compared to analyst estimates of $939.29 million. Palantir Technologies had a return on equity of 10.75% and a net margin of 22.18%.The company’s revenue for the quarter was up 48.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.09 earnings per share. On average, sell-side analysts anticipate that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Insider Activity at Palantir Technologies

In other Palantir Technologies news, insider Ryan D. Taylor sold 36,048 shares of the company’s stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $158.35, for a total value of $5,708,200.80. Following the transaction, the insider directly owned 307,470 shares of the company’s stock, valued at $48,687,874.50. This represents a 10.49% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Shyam Sankar sold 30,000 shares of the firm’s stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $159.55, for a total transaction of $4,786,500.00. Following the sale, the insider directly owned 702,786 shares of the company’s stock, valued at $112,129,506.30. The trade was a 4.09% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 1,557,750 shares of company stock worth $239,713,896 over the last ninety days. Company insiders own 12.93% of the company’s stock.

Wall Street Analyst Weigh In

PLTR has been the topic of several research analyst reports. Wedbush set a $200.00 target price on shares of Palantir Technologies and gave the stock an “outperform” rating in a research report on Tuesday, August 5th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Palantir Technologies in a report on Wednesday, October 8th. Cantor Fitzgerald increased their target price on Palantir Technologies from $110.00 to $155.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 5th. The Goldman Sachs Group lifted their target price on shares of Palantir Technologies from $90.00 to $141.00 and gave the company a “neutral” rating in a report on Wednesday, August 6th. Finally, UBS Group reiterated a “neutral” rating and issued a $165.00 price target (up from $110.00) on shares of Palantir Technologies in a report on Tuesday, August 5th. Five equities research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $142.00.

Palantir Technologies Profile

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.