Palantir Technologies Inc. (NASDAQ:PLTR) Position Increased by Perfromance Wealth Partners LLC

Perfromance Wealth Partners LLC increased its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 40.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,334 shares of the company’s stock after acquiring an additional 8,435 shares during the quarter. Perfromance Wealth Partners LLC’s holdings in Palantir Technologies were worth $2,219,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP lifted its holdings in shares of Palantir Technologies by 10.7% in the second quarter. Dimensional Fund Advisors LP now owns 2,880,610 shares of the company’s stock valued at $72,963,000 after purchasing an additional 278,544 shares in the last quarter. Blair William & Co. IL increased its holdings in shares of Palantir Technologies by 18.4% in the 2nd quarter. Blair William & Co. IL now owns 61,927 shares of the company’s stock valued at $1,569,000 after purchasing an additional 9,623 shares during the period. XTX Topco Ltd purchased a new position in Palantir Technologies during the second quarter valued at approximately $330,000. Thrivent Financial for Lutherans lifted its position in Palantir Technologies by 20.9% in the 2nd quarter. Thrivent Financial for Lutherans now owns 52,732 shares of the company’s stock worth $1,336,000 after buying an additional 9,109 shares in the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC purchased a new position in shares of Palantir Technologies during the 2nd quarter valued at $51,000. Institutional investors and hedge funds own 45.65% of the company’s stock.

Palantir Technologies Trading Up 1.8 %

NASDAQ PLTR opened at $73.07 on Wednesday. Palantir Technologies Inc. has a 1-year low of $16.03 and a 1-year high of $84.80. The stock’s 50 day moving average is $70.72 and its two-hundred day moving average is $47.79. The company has a market capitalization of $166.45 billion, a price-to-earnings ratio of 365.37, a PEG ratio of 6.66 and a beta of 2.82.

Palantir Technologies (NASDAQ:PLTR) last announced its earnings results 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 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% on a year-over-year basis. During the same quarter last year, the company posted $0.03 EPS. On average, analysts predict that Palantir Technologies Inc. will post 0.2 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on PLTR. UBS Group assumed coverage on Palantir Technologies in a research note on Thursday, December 19th. They issued a “neutral” rating and a $80.00 target price on the stock. Northland Securities lifted their target price on shares of Palantir Technologies from $35.00 to $38.00 and gave the company a “market perform” rating in a research note on Tuesday, November 5th. Jefferies Financial Group lowered shares of Palantir Technologies from a “hold” rating to an “underperform” rating and set a $28.00 price target on the stock. in a research note on Thursday, November 7th. Argus downgraded shares of Palantir Technologies from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th. Finally, DA Davidson increased their price objective on Palantir Technologies from $28.00 to $47.00 and gave the company a “neutral” rating in a report on Tuesday, November 5th. Seven research 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’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $43.78.

Insider Activity at Palantir Technologies

In related news, insider Stephen Andrew Cohen sold 450,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $70.95, for a total value of $31,927,500.00. Following the completion of the transaction, the insider now owns 592 shares in the company, valued at $42,002.40. The trade was a 99.87 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Alexander C. Karp sold 3,337,048 shares of the stock in a transaction on Monday, October 28th. The shares were sold at an average price of $45.02, for a total value of $150,233,900.96. Following the completion of the transaction, the insider now owns 6,432,258 shares in the company, valued at $289,580,255.16. The trade was a 34.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 23,642,189 shares of company stock valued at $1,444,232,453 in the last three months. Corporate insiders own 12.93% of the company’s stock.

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.