Ritter Daniher Financial Advisory LLC DE Has $44,000 Stake in Palantir Technologies Inc. (NYSE:PLTR)

Ritter Daniher Financial Advisory LLC DE grew its holdings in shares of Palantir Technologies Inc. (NYSE:PLTR) by 47.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,180 shares of the company’s stock after acquiring an additional 380 shares during the period. Ritter Daniher Financial Advisory LLC DE’s holdings in Palantir Technologies were worth $44,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in PLTR. Northwest Investment Counselors LLC bought a new stake in Palantir Technologies in the third quarter valued at $25,000. Summit Securities Group LLC acquired a new stake in shares of Palantir Technologies in the 2nd quarter valued at about $25,000. Farmers & Merchants Investments Inc. bought a new stake in Palantir Technologies in the 2nd quarter valued at about $25,000. Creekmur Asset Management LLC boosted its holdings in Palantir Technologies by 46.0% in the third quarter. Creekmur Asset Management LLC now owns 1,063 shares of the company’s stock worth $40,000 after acquiring an additional 335 shares in the last quarter. Finally, University of Texas Texas AM Investment Management Co. bought a new position in Palantir Technologies in the second quarter worth approximately $30,000. 45.65% of the stock is owned by institutional investors.

Analysts Set New Price Targets

PLTR has been the topic of a number of research reports. DA Davidson upped their target price on Palantir Technologies from $28.00 to $47.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. Citigroup upped their price objective on shares of Palantir Technologies from $25.00 to $28.00 and gave the stock a “neutral” rating in a report on Tuesday, July 30th. Royal Bank of Canada reiterated an “underperform” rating and set a $9.00 price objective on shares of Palantir Technologies in a report on Tuesday, August 6th. Monness Crespi & Hardt lowered their target price on shares of Palantir Technologies from $20.00 to $18.00 and set a “sell” rating on the stock in a report on Tuesday, August 6th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of Palantir Technologies from $20.00 to $21.00 and gave the company a “sell” rating in a research report on Tuesday, August 6th. Six equities research analysts have rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Palantir Technologies presently has a consensus rating of “Hold” and an average price target of $31.71.

Insider Buying and Selling

In related news, insider Shyam Sankar sold 50,000 shares of Palantir Technologies stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $32.35, for a total value of $1,617,500.00. Following the completion of the sale, the insider now owns 752,786 shares of the company’s stock, valued at approximately $24,352,627.10. This trade represents a 6.23 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Alexander C. Karp sold 4,500,000 shares of the business’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $63.10, for a total value of $283,950,000.00. Following the completion of the sale, the insider now owns 6,432,258 shares in the company, valued at $405,875,479.80. This represents a 41.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 31,562,840 shares of company stock valued at $1,435,787,316. 12.93% of the stock is owned by company insiders.

Palantir Technologies Price Performance

Shares of NYSE:PLTR opened at $65.77 on Friday. Palantir Technologies Inc. has a 1 year low of $15.66 and a 1 year high of $66.00. The company has a market capitalization of $147.29 billion, a PE ratio of 328.87 and a beta of 2.70. The business has a fifty day moving average price of $43.19 and a two-hundred day moving average price of $32.01.

Palantir Technologies (NYSE:PLTR) last posted its quarterly earnings data on Monday, November 4th. The company reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.01. The business had revenue of $725.52 million during the quarter, compared to the consensus estimate of $705.11 million. Palantir Technologies had a net margin of 18.01% and a return on equity of 9.94%. The firm’s quarterly revenue was up 30.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.03 earnings per share. Sell-side analysts anticipate that Palantir Technologies Inc. will post 0.21 earnings per share for the current year.

Palantir Technologies Company 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.