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Third View Private Wealth LLC Acquires Shares of 7,479 Palantir Technologies Inc. $PLTR

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Key Points

  • Third View Private Wealth LLC purchased a new stake of 7,479 shares of Palantir (NASDAQ:PLTR) in Q4, valued at about $1.33 million.
  • High-profile institutional moves have shifted sentiment—Cathie Wood’s ARK added ~85,000 shares (~$11M) and political endorsements boosted short-term flows—while analysts hold a consensus "Moderate Buy" with an average price target of $197.77 and Q1 earnings on May 4 as a near-term catalyst.
  • Despite a strong quarter (EPS $0.25 vs $0.23; revenue $1.41B, +70% YoY), insiders sold over 1.03 million shares (~$137.7M) in the last three months and the stock trades at a stretched valuation (P/E ~210) around $132.37.
  • Five stocks we like better than Palantir Technologies.

Third View Private Wealth LLC purchased a new stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 7,479 shares of the company's stock, valued at approximately $1,329,000.

Several other institutional investors and hedge funds have also recently modified their holdings of PLTR. Bare Financial Services Inc increased its holdings in shares of Palantir Technologies by 54.5% during the third quarter. Bare Financial Services Inc now owns 156 shares of the company's stock valued at $28,000 after acquiring an additional 55 shares in the last quarter. Zeit Capital LLC bought a new position in shares of Palantir Technologies during the second quarter valued at $30,000. Financial Consulate Inc. bought a new position in shares of Palantir Technologies during the third quarter valued at $30,000. Retirement Wealth Solutions LLC bought a new position in shares of Palantir Technologies during the third quarter valued at $31,000. Finally, Flagship Wealth Advisors LLC bought a new position in shares of Palantir Technologies during the third quarter valued at $32,000. 45.65% of the stock is currently owned by institutional investors.

Trending Headlines about Palantir Technologies

Here are the key news stories impacting Palantir Technologies this week:

Analyst Upgrades and Downgrades

PLTR has been the subject of several analyst reports. Piper Sandler restated an "overweight" rating and set a $230.00 price target on shares of Palantir Technologies in a report on Tuesday, February 3rd. Loop Capital reduced their price target on Palantir Technologies from $230.00 to $220.00 and set a "buy" rating for the company in a report on Friday, January 30th. UBS Group raised their price target on Palantir Technologies from $180.00 to $200.00 and gave the company a "buy" rating in a report on Wednesday, March 18th. Daiwa Securities Group upgraded Palantir Technologies from a "neutral" rating to a "buy" rating and set a $180.00 price target for the company in a report on Tuesday, February 10th. Finally, The Goldman Sachs Group reduced their price target on Palantir Technologies from $188.00 to $182.00 in a report on Tuesday, February 3rd. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $197.77.

View Our Latest Analysis on Palantir Technologies

Insider Buying and Selling

In related news, insider Jeffrey Buckley sold 1,232 shares of Palantir Technologies stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $129.08, for a total value of $159,026.56. Following the completion of the sale, the insider directly owned 43,108 shares in the company, valued at approximately $5,564,380.64. This trade represents a 2.78% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider David A. Glazer sold 17,438 shares of Palantir Technologies stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $133.72, for a total value of $2,331,809.36. Following the completion of the sale, the insider owned 392,370 shares of the company's stock, valued at $52,467,716.40. The trade was a 4.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 1,029,879 shares of company stock worth $137,746,253 in the last three months. 12.93% of the stock is currently owned by company insiders.

Palantir Technologies Stock Performance

NASDAQ PLTR opened at $132.37 on Tuesday. Palantir Technologies Inc. has a one year low of $89.31 and a one year high of $207.52. The stock has a 50-day moving average of $143.65 and a 200 day moving average of $165.95. The company has a market capitalization of $316.59 billion, a price-to-earnings ratio of 210.11, a PEG ratio of 2.54 and a beta of 1.68.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last released its quarterly earnings data on Monday, February 2nd. The company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.23 by $0.02. Palantir Technologies had a return on equity of 23.81% and a net margin of 36.31%.The company had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.34 billion. During the same period last year, the company earned $0.14 EPS. Palantir Technologies's revenue for the quarter was up 70.0% on a year-over-year basis. On average, equities analysts predict that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

Palantir Technologies Company Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding PLTR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Palantir Technologies Inc. (NASDAQ:PLTR - Free Report).

Institutional Ownership by Quarter for Palantir Technologies (NASDAQ:PLTR)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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