Kapstone Financial Advisors LLC Purchases 8,730 Shares of Palantir Technologies Inc. (NYSE:PLTR)

Kapstone Financial Advisors LLC raised its position in shares of Palantir Technologies Inc. (NYSE:PLTR) by 60.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,230 shares of the company’s stock after acquiring an additional 8,730 shares during the period. Kapstone Financial Advisors LLC’s holdings in Palantir Technologies were worth $382,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of Palantir Technologies by 11.1% in the third quarter. Vanguard Group Inc. now owns 187,338,667 shares of the company’s stock valued at $2,997,419,000 after buying an additional 18,756,392 shares in the last quarter. Morgan Stanley raised its position in shares of Palantir Technologies by 26.1% in the third quarter. Morgan Stanley now owns 22,614,555 shares of the company’s stock valued at $361,833,000 after buying an additional 4,675,824 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its position in shares of Palantir Technologies by 8.2% in the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 12,590,729 shares of the company’s stock valued at $216,183,000 after buying an additional 955,992 shares in the last quarter. Northern Trust Corp raised its position in shares of Palantir Technologies by 5.5% in the third quarter. Northern Trust Corp now owns 11,498,685 shares of the company’s stock valued at $183,979,000 after buying an additional 601,012 shares in the last quarter. Finally, ARK Investment Management LLC raised its position in shares of Palantir Technologies by 16.1% in the fourth quarter. ARK Investment Management LLC now owns 10,937,859 shares of the company’s stock valued at $187,803,000 after buying an additional 1,514,232 shares in the last quarter. Institutional investors own 45.65% of the company’s stock.

Insider Buying and Selling

In other Palantir Technologies news, Director Alexandra W. Schiff sold 5,000 shares of the company’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $22.74, for a total value of $113,700.00. Following the completion of the sale, the director now directly owns 186,783 shares of the company’s stock, valued at approximately $4,247,445.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Palantir Technologies news, Director Alexandra W. Schiff sold 5,000 shares of the company’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $22.74, for a total value of $113,700.00. Following the completion of the sale, the director now directly owns 186,783 shares of the company’s stock, valued at approximately $4,247,445.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Peter Thiel sold 7,044,756 shares of the stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $24.79, for a total transaction of $174,639,501.24. Following the transaction, the director now directly owns 70,806,432 shares of the company’s stock, valued at $1,755,291,449.28. The disclosure for this sale can be found here. Insiders have sold 7,456,273 shares of company stock worth $184,343,202 in the last quarter. Insiders own 13.96% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Bank of America lifted their price target on shares of Palantir Technologies from $24.00 to $28.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. Mizuho boosted their price objective on shares of Palantir Technologies from $18.00 to $21.00 and gave the company a “neutral” rating in a research report on Thursday, March 7th. Royal Bank of Canada reaffirmed an “underperform” rating and set a $5.00 target price on shares of Palantir Technologies in a research note on Tuesday, February 6th. Raymond James boosted their target price on shares of Palantir Technologies from $22.00 to $25.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 6th. Finally, Monness Crespi & Hardt raised shares of Palantir Technologies from a “sell” rating to a “neutral” rating in a research note on Friday. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $18.35.

Palantir Technologies Trading Up 3.7 %

Shares of PLTR traded up $0.81 on Friday, reaching $22.52. The company’s stock had a trading volume of 33,119,766 shares, compared to its average volume of 33,231,036. Palantir Technologies Inc. has a twelve month low of $7.28 and a twelve month high of $27.50. The stock has a market capitalization of $49.83 billion, a PE ratio of 250.25, a PEG ratio of 5.52 and a beta of 2.78. The firm has a fifty day moving average of $23.45 and a 200-day moving average of $20.06.

Palantir Technologies (NYSE:PLTR) last posted its earnings results on Monday, February 5th. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). Palantir Technologies had a return on equity of 6.17% and a net margin of 9.43%. The business had revenue of $608.35 million during the quarter, compared to analyst estimates of $603.48 million. As a group, equities analysts anticipate that Palantir Technologies Inc. will post 0.16 EPS for the current fiscal year.

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.