Silvant Capital Management LLC Buys 50,883 Shares of Palantir Technologies Inc. (NYSE:PLTR)

Silvant Capital Management LLC raised its position in shares of Palantir Technologies Inc. (NYSE:PLTR) by 28.2% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 231,543 shares of the company’s stock after acquiring an additional 50,883 shares during the quarter. Silvant Capital Management LLC’s holdings in Palantir Technologies were worth $8,613,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. State of Alaska Department of Revenue grew its holdings in Palantir Technologies by 22.9% during the third quarter. State of Alaska Department of Revenue now owns 370,625 shares of the company’s stock valued at $13,786,000 after purchasing an additional 68,945 shares during the period. Heritage Wealth Management Inc. CA purchased a new stake in Palantir Technologies during the third quarter valued at $1,076,000. Cyndeo Wealth Partners LLC purchased a new position in Palantir Technologies in the third quarter worth about $6,339,000. Seven Grand Managers LLC purchased a new stake in Palantir Technologies during the 3rd quarter valued at $930,000. Finally, Dock Street Asset Management Inc. raised its position in Palantir Technologies by 23.4% in the 3rd quarter. Dock Street Asset Management Inc. now owns 998,953 shares of the company’s stock worth $37,161,000 after purchasing an additional 189,189 shares during the period. Institutional investors own 45.65% of the company’s stock.

Insider Activity at Palantir Technologies

In other Palantir Technologies news, insider Ryan D. Taylor sold 249,684 shares of the business’s stock in a transaction on Friday, August 9th. The stock was sold at an average price of $30.01, for a total value of $7,493,016.84. Following the sale, the insider now directly owns 372,565 shares in the company, valued at $11,180,675.65. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, insider Ryan D. Taylor sold 249,684 shares of the stock in a transaction on Friday, August 9th. The stock was sold at an average price of $30.01, for a total value of $7,493,016.84. Following the sale, the insider now directly owns 372,565 shares of the company’s stock, valued at approximately $11,180,675.65. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Heather A. Planishek sold 20,000 shares of the stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $30.24, for a total transaction of $604,800.00. Following the transaction, the insider now owns 612,006 shares in the company, valued at approximately $18,507,061.44. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 21,204,508 shares of company stock worth $802,654,666 in the last 90 days. Corporate insiders own 12.93% of the company’s stock.

Palantir Technologies Trading Up 0.9 %

Shares of PLTR opened at $41.94 on Friday. The stock’s 50-day moving average price is $37.98 and its two-hundred day moving average price is $29.50. Palantir Technologies Inc. has a 1 year low of $15.66 and a 1 year high of $45.14. The stock has a market cap of $93.92 billion, a P/E ratio of 246.72 and a beta of 2.72.

Palantir Technologies (NYSE:PLTR) last posted its quarterly earnings data on Monday, August 5th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.01). Palantir Technologies had a return on equity of 8.88% and a net margin of 16.32%. The firm had revenue of $678.13 million for the quarter, compared to the consensus estimate of $653.23 million. During the same quarter in the previous year, the business earned $0.01 EPS. The firm’s quarterly revenue was up 27.2% on a year-over-year basis. As a group, equities analysts forecast that Palantir Technologies Inc. will post 0.19 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on PLTR. Deutsche Bank Aktiengesellschaft increased their price objective on Palantir Technologies from $20.00 to $21.00 and gave the stock a “sell” rating in a research note on Tuesday, August 6th. Mizuho increased their price objective on shares of Palantir Technologies from $24.00 to $30.00 and gave the stock an “underperform” rating in a research note on Thursday, October 17th. Northland Securities initiated coverage on shares of Palantir Technologies in a report on Thursday, August 22nd. They set a “market perform” rating and a $35.00 price target on the stock. Jefferies Financial Group upped their price objective on shares of Palantir Technologies from $24.00 to $28.00 and gave the stock a “hold” rating in a research report on Monday, July 29th. Finally, Wedbush lifted their target price on shares of Palantir Technologies from $38.00 to $45.00 and gave the stock an “outperform” rating in a research note on Thursday, September 26th. Five equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $27.86.

Palantir Technologies Profile

Palantir Technologies Inc builds and deploys software platforms for the intelligence community to assist in counterterrorism investigations and operations in the United States, the United Kingdom, and internationally. The company provides Palantir Gotham, a software platform 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.