Palantir Technologies Inc. $PLTR Stock Holdings Boosted by Turtle Creek Wealth Advisors LLC

Turtle Creek Wealth Advisors LLC grew its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 42.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 13,399 shares of the company’s stock after purchasing an additional 4,016 shares during the quarter. Turtle Creek Wealth Advisors LLC’s holdings in Palantir Technologies were worth $2,444,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of PLTR. Signature Resources Capital Management LLC acquired a new position in Palantir Technologies during the second quarter worth about $25,000. Briaud Financial Planning Inc bought a new position in shares of Palantir Technologies during the 2nd quarter valued at about $27,000. LFA Lugano Financial Advisors SA bought a new position in shares of Palantir Technologies during the 2nd quarter valued at about $27,000. Frazier Financial Advisors LLC acquired a new position in shares of Palantir Technologies in the 2nd quarter worth approximately $28,000. Finally, Delos Wealth Advisors LLC bought a new stake in shares of Palantir Technologies in the 2nd quarter worth approximately $29,000. Institutional investors and hedge funds own 45.65% of the company’s stock.

Palantir Technologies Stock Down 3.5%

Shares of Palantir Technologies stock opened at $170.96 on Tuesday. The stock has a market cap of $407.47 billion, a PE ratio of 407.06, a price-to-earnings-growth ratio of 4.30 and a beta of 1.54. The business has a fifty day simple moving average of $177.68 and a 200-day simple moving average of $172.56. Palantir Technologies Inc. has a 12 month low of $66.12 and a 12 month high of $207.52.

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

Insider Buying and Selling

In other news, insider David A. Glazer sold 15,557 shares of the stock in a transaction that occurred on Thursday, November 20th. The shares were sold at an average price of $163.99, for a total value of $2,551,192.43. Following the completion of the sale, the insider directly owned 415,612 shares of the company’s stock, valued at $68,156,211.88. This represents a 3.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Ryan D. Taylor sold 36,048 shares of the company’s stock in a transaction that occurred on Monday, November 24th. The shares were sold at an average price of $162.36, for a total transaction of $5,852,753.28. Following the completion of the transaction, the insider owned 251,409 shares in the company, valued at approximately $40,818,765.24. This represents a 12.54% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 1,023,444 shares of company stock worth $167,394,629 over the last ninety days. 12.93% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages recently weighed in on PLTR. Robert W. Baird raised their target price on shares of Palantir Technologies from $170.00 to $200.00 and gave the stock a “neutral” rating in a report on Tuesday, November 4th. DA Davidson raised their price objective on Palantir Technologies from $170.00 to $215.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 4th. HSBC lifted their target price on Palantir Technologies from $181.00 to $197.00 and gave the stock a “hold” rating in a report on Wednesday, November 5th. Mizuho upped their target price on Palantir Technologies from $165.00 to $205.00 and gave the company a “neutral” rating in a report on Tuesday, November 4th. Finally, The Goldman Sachs Group increased their price target on Palantir Technologies from $141.00 to $188.00 and gave the company a “neutral” rating in a research report on Tuesday, November 4th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, sixteen have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $175.88.

Palantir Technologies Company Profile

Palantir Technologies is a software company that develops data integration, analytics and operational decision-making platforms for government and commercial customers. Founded in 2003 by a team that included Alex Karp and Peter Thiel, Palantir has grown into a provider of enterprise-scale software designed to help organizations integrate disparate data sources, build analytic models and drive operational workflows. The company went public in 2020 and continues to position its products around large, complex data projects where security, provenance and real-time collaboration are important.

Palantir’s product portfolio centers on a small number of core platforms.