Palantir Technologies Inc. (NASDAQ:PLTR) Shares Purchased by Avondale Wealth Management

Avondale Wealth Management raised its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 2.2% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 15,840 shares of the company’s stock after buying an additional 340 shares during the quarter. Palantir Technologies comprises about 0.8% of Avondale Wealth Management’s holdings, making the stock its 20th largest position. Avondale Wealth Management’s holdings in Palantir Technologies were worth $1,198,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Northwest Investment Counselors LLC acquired a new position in shares of Palantir Technologies during the third quarter worth about $25,000. Prestige Wealth Management Group LLC boosted its holdings in Palantir Technologies by 747.1% in the 3rd quarter. Prestige Wealth Management Group LLC now owns 737 shares of the company’s stock valued at $27,000 after purchasing an additional 650 shares in the last quarter. Kings Path Partners LLC acquired a new position in Palantir Technologies during the 4th quarter worth approximately $76,000. Creekmur Asset Management LLC raised its stake in shares of Palantir Technologies by 46.0% during the 3rd quarter. Creekmur Asset Management LLC now owns 1,063 shares of the company’s stock worth $40,000 after buying an additional 335 shares in the last quarter. Finally, Ritter Daniher Financial Advisory LLC DE lifted its holdings in shares of Palantir Technologies by 47.5% in the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 1,180 shares of the company’s stock valued at $44,000 after buying an additional 380 shares during the period. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Palantir Technologies Trading Down 2.9 %

Shares of NASDAQ PLTR traded down $1.97 during midday trading on Friday, reaching $66.26. 30,275,756 shares of the stock were exchanged, compared to its average volume of 75,062,242. The stock has a 50 day moving average price of $68.42 and a 200-day moving average price of $45.38. The company has a market capitalization of $150.94 billion, a P/E ratio of 331.32, a P/E/G ratio of 10.18 and a beta of 2.82. Palantir Technologies Inc. has a 52-week low of $16.03 and a 52-week high of $84.80.

Palantir Technologies (NASDAQ:PLTR) last released its earnings results on Monday, November 4th. The company reported $0.10 EPS for the quarter, topping the consensus estimate of $0.09 by $0.01. Palantir Technologies had a net margin of 18.01% and a return on equity of 9.94%. The firm 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 EPS. Palantir Technologies’s revenue for the quarter was up 30.0% on a year-over-year basis. On average, analysts forecast that Palantir Technologies Inc. will post 0.21 earnings per share for the current year.

Insider Buying and Selling

In other Palantir Technologies news, insider Alexander C. Karp sold 3,337,048 shares of the business’s stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $45.02, for a total transaction of $150,233,900.96. Following the completion of the sale, the insider now owns 6,432,258 shares of the company’s stock, valued at approximately $289,580,255.16. The trade was a 34.16 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Lauren Elaina Friedman Stat sold 10,721 shares of the business’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $76.78, for a total value of $823,158.38. Following the sale, the director now owns 100,923 shares of the company’s stock, valued at $7,748,867.94. The trade was a 9.60 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 23,638,189 shares of company stock worth $1,443,945,933. 12.93% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on PLTR shares. Northland Securities increased their price objective on Palantir Technologies from $35.00 to $38.00 and gave the stock a “market perform” rating in a research report on Tuesday, November 5th. Mizuho raised their price objective on shares of Palantir Technologies from $37.00 to $44.00 and gave the company an “underperform” rating in a research note on Friday, December 13th. Morgan Stanley restated an “underweight” rating and set a $60.00 target price on shares of Palantir Technologies in a research report on Monday. Raymond James downgraded shares of Palantir Technologies from an “outperform” rating to a “market perform” rating in a research report on Monday, September 23rd. Finally, DA Davidson upped their price target on Palantir Technologies from $28.00 to $47.00 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. Seven analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Palantir Technologies has a consensus rating of “Hold” and a consensus target price of $42.12.

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.