Palantir Technologies Inc. (NASDAQ:PLTR) Stake Lifted by Caprock Group LLC

Caprock Group LLC lifted its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 3.3% in the 4th quarter, HoldingsChannel reports. The firm owned 181,508 shares of the company’s stock after purchasing an additional 5,765 shares during the quarter. Caprock Group LLC’s holdings in Palantir Technologies were worth $13,727,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Charles Schwab Investment Management Inc. lifted its holdings in shares of Palantir Technologies by 60.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 12,387,040 shares of the company’s stock valued at $460,798,000 after buying an additional 4,667,955 shares during the period. Diversify Wealth Management LLC acquired a new stake in shares of Palantir Technologies in the fourth quarter valued at $876,000. State of Alaska Department of Revenue lifted its holdings in shares of Palantir Technologies by 22.9% during the third quarter. State of Alaska Department of Revenue now owns 370,625 shares of the company’s stock valued at $13,786,000 after purchasing an additional 68,945 shares during the last quarter. Oppenheimer & Co. Inc. lifted its holdings in shares of Palantir Technologies by 19.2% during the third quarter. Oppenheimer & Co. Inc. now owns 541,567 shares of the company’s stock valued at $20,146,000 after purchasing an additional 87,062 shares during the last quarter. Finally, Tyler Stone Wealth Management lifted its holdings in shares of Palantir Technologies by 97.9% during the third quarter. Tyler Stone Wealth Management now owns 202,006 shares of the company’s stock valued at $7,515,000 after purchasing an additional 99,921 shares during the last quarter. Institutional investors own 45.65% of the company’s stock.

Insider Activity at Palantir Technologies

In related news, insider Alexander C. Karp sold 4,500,000 shares of the company’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $55.03, for a total value of $247,635,000.00. Following the completion of the sale, the insider now owns 6,432,258 shares in the company, valued at approximately $353,967,157.74. This represents a 41.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Heather A. Planishek sold 20,000 shares of the company’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $49.96, for a total value of $999,200.00. Following the completion of the sale, the insider now owns 562,006 shares of the company’s stock, valued at $28,077,819.76. This represents a 3.44 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 20,181,807 shares of company stock valued at $1,288,448,522 in the last 90 days. 12.93% of the stock is owned by corporate insiders.

Palantir Technologies Trading Up 1.4 %

Shares of NASDAQ:PLTR opened at $82.38 on Friday. The business’s 50 day moving average is $73.34 and its 200-day moving average is $50.31. The firm has a market capitalization of $187.67 billion, a PE ratio of 412.06, a PEG ratio of 7.29 and a beta of 2.82. Palantir Technologies Inc. has a 1-year low of $16.03 and a 1-year high of $84.80.

Palantir Technologies (NASDAQ:PLTR) last announced its quarterly earnings results on Monday, November 4th. The company reported $0.10 EPS for the quarter, beating the consensus estimate of $0.09 by $0.01. The business had revenue of $725.52 million for the quarter, compared to analyst estimates of $705.11 million. Palantir Technologies had a return on equity of 9.94% and a net margin of 18.01%. Palantir Technologies’s quarterly revenue was up 30.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.03 EPS. On average, sell-side analysts predict that Palantir Technologies Inc. will post 0.19 EPS for the current year.

Analysts Set New Price Targets

PLTR has been the subject of several research analyst reports. 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 note on Tuesday, November 5th. Argus downgraded Palantir Technologies from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. Baird R W raised Palantir Technologies to a “hold” rating in a research note on Thursday, December 12th. Mizuho raised their price target on Palantir Technologies from $37.00 to $44.00 and gave the stock an “underperform” rating in a research note on Friday, December 13th. Finally, The Goldman Sachs Group raised their price target on Palantir Technologies from $16.00 to $41.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Seven equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, Palantir Technologies has an average rating of “Hold” and an average target price 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.