3,400 Shares in Palantir Technologies Inc. (NASDAQ:PLTR) Purchased by Wetzel Investment Advisors Inc.

Wetzel Investment Advisors Inc. acquired a new position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 3,400 shares of the company’s stock, valued at approximately $257,000.

Other hedge funds have also made changes to their positions in the company. IRON Financial LLC purchased a new position in shares of Palantir Technologies in the fourth quarter worth about $227,000. Altus Wealth Management LLC purchased a new position in Palantir Technologies in the 4th quarter worth approximately $202,000. Bay Rivers Group boosted its holdings in shares of Palantir Technologies by 2.7% during the 4th quarter. Bay Rivers Group now owns 6,406 shares of the company’s stock worth $484,000 after purchasing an additional 171 shares during the last quarter. Integrity Wealth Solutions LLC purchased a new stake in shares of Palantir Technologies in the fourth quarter valued at approximately $248,000. Finally, Nilsine Partners LLC acquired a new stake in shares of Palantir Technologies in the fourth quarter valued at approximately $240,000. Institutional investors and hedge funds own 45.65% of the company’s stock.

Insider Transactions at Palantir Technologies

In related news, Director Lauren Elaina Friedman Stat sold 8,054 shares of the business’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $50.49, for a total transaction of $406,646.46. Following the completion of the transaction, the director now owns 130,250 shares in the company, valued at approximately $6,576,322.50. The trade was a 5.82 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Alexandra W. Schiff sold 4,000 shares of the firm’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 completion of the sale, the director now owns 195,393 shares in the company, valued at approximately $13,996,000.59. This represents a 2.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 20,181,807 shares of company stock valued at $1,288,448,522. 12.93% of the stock is currently owned by corporate insiders.

Palantir Technologies Stock Down 4.5 %

Shares of PLTR stock opened at $75.43 on Tuesday. The firm has a 50 day moving average of $71.96 and a two-hundred day moving average of $49.18. The stock has a market capitalization of $171.82 billion, a PE ratio of 377.15, a P/E/G ratio of 7.08 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 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01. Palantir Technologies had a return on equity of 9.94% and a net margin of 18.01%. The firm had revenue of $725.52 million during the quarter, compared to analyst estimates of $705.11 million. During the same period last year, the business posted $0.03 earnings per share. Palantir Technologies’s revenue was up 30.0% compared to the same quarter last year. Analysts expect that Palantir Technologies Inc. will post 0.2 EPS for the current fiscal year.

Wall Street Analyst Weigh In

PLTR has been the subject of several analyst reports. The Goldman Sachs Group upped their target price on Palantir Technologies from $16.00 to $41.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Cantor Fitzgerald started coverage on shares of Palantir Technologies in a report on Friday, January 17th. They issued a “neutral” rating and a $72.00 price objective for the company. Robert W. Baird initiated coverage on shares of Palantir Technologies in a research note on Thursday, December 12th. They set a “neutral” rating and a $70.00 target price on the stock. Jefferies Financial Group downgraded shares of Palantir Technologies from a “hold” rating to an “underperform” rating and set a $28.00 price target for the company. in a report on Thursday, November 7th. Finally, Northland Securities lifted their price target on shares of Palantir Technologies from $35.00 to $38.00 and gave the company a “market perform” rating in a research report on Tuesday, November 5th. Seven analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $44.61.

Palantir Technologies 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.