By otakuyassine3@gmail.com 
Fiduciary Planning LLC acquired a new position in Palantir Technologies Inc. (NASDAQ:PLTR – Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 4,210 shares of the company’s stock, valued at approximately $318,000.
Several other hedge funds also recently made changes to their positions in PLTR. Northwest Investment Counselors LLC acquired a new position in shares of Palantir Technologies in the 3rd quarter worth approximately $25,000. Prestige Wealth Management Group LLC increased its position in shares of Palantir Technologies by 747.1% in the third quarter. Prestige Wealth Management Group LLC now owns 737 shares of the company’s stock worth $27,000 after acquiring an additional 650 shares in the last quarter. First PREMIER Bank purchased a new position in shares of Palantir Technologies in the fourth quarter worth approximately $28,000. Wolff Wiese Magana LLC increased its position in shares of Palantir Technologies by 230.4% in the fourth quarter. Wolff Wiese Magana LLC now owns 380 shares of the company’s stock worth $29,000 after acquiring an additional 265 shares in the last quarter. Finally, R Squared Ltd purchased a new position in shares of Palantir Technologies in the fourth quarter worth approximately $33,000. Institutional investors and hedge funds own 45.65% of the company’s stock.
Insider Buying and Selling
In other Palantir Technologies news, Director Alexandra W. Schiff sold 4,000 shares of the business’s stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $71.63, for a total value of $286,520.00. Following the sale, the director now owns 195,393 shares of the company’s stock, valued at $13,996,000.59. The trade was a 2.01 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Heather A. Planishek sold 20,000 shares of the business’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $49.96, for a total transaction of $999,200.00. Following the completion of the sale, the insider now owns 562,006 shares in the company, valued at $28,077,819.76. This represents a 3.44 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 20,181,807 shares of company stock valued at $1,288,448,522. 12.93% of the stock is owned by company insiders.
Palantir Technologies Trading Up 1.6 %
Shares of Palantir Technologies stock opened at $82.49 on Monday. The firm has a fifty day simple moving average of $73.71 and a 200-day simple moving average of $51.00. Palantir Technologies Inc. has a 1-year low of $16.03 and a 1-year high of $85.22. The stock has a market capitalization of $187.91 billion, a price-to-earnings ratio of 412.47, a PEG ratio of 7.54 and a beta of 2.81.
Palantir Technologies (NASDAQ:PLTR – Get Free Report) last issued its quarterly earnings data on Monday, November 4th. The company reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.01. Palantir Technologies had a net margin of 18.01% and a return on equity of 9.94%. The business had revenue of $725.52 million during the quarter, compared to analysts’ expectations of $705.11 million. During the same period in the previous year, the company earned $0.03 earnings per share. Palantir Technologies’s revenue for the quarter was up 30.0% on a year-over-year basis. As a group, research analysts predict that Palantir Technologies Inc. will post 0.19 earnings per share for the current year.
Wall Street Analyst Weigh In
PLTR has been the topic of several analyst reports. William Blair reissued an “underperform” rating on shares of Palantir Technologies in a research report on Wednesday, December 18th. Robert W. Baird initiated coverage on shares of Palantir Technologies in a research report on Thursday, December 12th. They issued a “neutral” rating and a $70.00 target price on the stock. Cantor Fitzgerald assumed coverage on shares of Palantir Technologies in a research report on Friday, January 17th. They issued a “neutral” rating and a $72.00 target price on the stock. Baird R W upgraded shares of Palantir Technologies to a “hold” rating in a report on Thursday, December 12th. Finally, DA Davidson raised their price target on shares of Palantir Technologies from $28.00 to $47.00 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. Seven investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $44.61.
Read Our Latest Report on PLTR
Palantir Technologies Company Profile
Palantir Technologies, Inc engages in the business of building and deploying software platforms that serve as the central operating systems for its customers. It operates under the Commercial and Government segments. The Commercial segment focuses on customers working in non-government industries. The Government segment is involved in providing services to customers that are the United States government and non-United States government agencies.
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