Palantir Technologies Inc. (NYSE:PLTR) Shares Purchased by Kovitz Investment Group Partners LLC

Kovitz Investment Group Partners LLC increased its stake in shares of Palantir Technologies Inc. (NYSE:PLTR - Free Report) by 26.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 99,012 shares of the company's stock after buying an additional 20,425 shares during the quarter. Kovitz Investment Group Partners LLC's holdings in Palantir Technologies were worth $3,683,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of PLTR. Summit Securities Group LLC bought a new position in Palantir Technologies in the second quarter valued at approximately $25,000. Farmers & Merchants Investments Inc. bought a new position in shares of Palantir Technologies in the 2nd quarter valued at about $25,000. Northwest Investment Counselors LLC bought a new stake in shares of Palantir Technologies during the 3rd quarter worth about $25,000. University of Texas Texas AM Investment Management Co. bought a new stake in shares of Palantir Technologies during the 2nd quarter worth about $30,000. Finally, Ashburton Jersey Ltd acquired a new stake in Palantir Technologies in the 2nd quarter worth about $36,000. Institutional investors own 45.65% of the company's stock.

Insider Activity at Palantir Technologies

In related news, insider Shyam Sankar sold 30,000 shares of the business's stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $66.59, for a total transaction of $1,997,700.00. Following the completion of the transaction, the insider now directly owns 752,786 shares in the company, valued at approximately $50,128,019.74. The trade was a 3.83 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Lauren Elaina Friedman Stat sold 6,000 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $36.35, for a total value of $218,100.00. Following the transaction, the director now owns 152,280 shares of the company's stock, valued at $5,535,378. This represents a 3.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 39,397,131 shares of company stock worth $1,971,713,059 over the last quarter. Corporate insiders own 12.93% of the company's stock.

Palantir Technologies Stock Performance

Shares of NYSE PLTR traded down $3.88 during mid-day trading on Monday, hitting $72.46. The stock had a trading volume of 166,505,367 shares, compared to its average volume of 59,597,008. The firm has a market cap of $165.07 billion, a P/E ratio of 362.30, a price-to-earnings-growth ratio of 10.29 and a beta of 2.87. The business has a 50 day moving average price of $52.25 and a two-hundred day moving average price of $36.80. Palantir Technologies Inc. has a 1 year low of $15.66 and a 1 year high of $80.91.

Palantir Technologies (NYSE:PLTR - Get Free Report) last released its quarterly earnings results on Monday, November 4th. The company reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.01. The business had revenue of $725.52 million for the quarter, compared to analysts' expectations of $705.11 million. Palantir Technologies had a net margin of 18.01% and a return on equity of 9.94%. The firm's revenue for the quarter was up 30.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.03 earnings per share. Equities research analysts predict that Palantir Technologies Inc. will post 0.21 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. William Blair restated an "underperform" rating on shares of Palantir Technologies in a research report on Wednesday, December 4th. Mizuho increased their target price on shares of Palantir Technologies from $30.00 to $37.00 and gave the stock an "underperform" rating in a research note on Tuesday, November 5th. Raymond James downgraded shares of Palantir Technologies from an "outperform" rating to a "market perform" rating in a report on Monday, September 23rd. Bank of America raised their price objective on shares of Palantir Technologies from $55.00 to $75.00 and gave the stock a "buy" rating in a report on Monday, November 25th. Finally, The Goldman Sachs Group increased their target price on shares of Palantir Technologies from $16.00 to $41.00 and gave the stock a "neutral" rating in a research report on Thursday, November 7th. Six equities research analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, Palantir Technologies currently has a consensus rating of "Hold" and a consensus price target of $35.64.

About Palantir Technologies

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.