First Dallas Securities Inc. Makes New Investment in Palantir Technologies Inc. (NASDAQ:PLTR)

First Dallas Securities Inc. purchased a new position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 3,400 shares of the company’s stock, valued at approximately $257,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. First PREMIER Bank purchased a new position in Palantir Technologies in the fourth quarter valued at $28,000. Wolff Wiese Magana LLC boosted its holdings in Palantir Technologies by 230.4% in the fourth quarter. Wolff Wiese Magana LLC now owns 380 shares of the company’s stock valued at $29,000 after purchasing an additional 265 shares during the period. R Squared Ltd purchased a new position in Palantir Technologies in the fourth quarter valued at $33,000. Valley National Advisers Inc. boosted its holdings in Palantir Technologies by 181.3% in the fourth quarter. Valley National Advisers Inc. now owns 512 shares of the company’s stock valued at $38,000 after purchasing an additional 330 shares during the period. Finally, Concord Wealth Partners lifted its holdings in Palantir Technologies by 132.2% during the 4th quarter. Concord Wealth Partners now owns 527 shares of the company’s stock worth $40,000 after buying an additional 300 shares during the last quarter. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Baird R W upgraded Palantir Technologies to a “hold” rating in a research report on Thursday, December 12th. Bank of America upped their target price on shares of Palantir Technologies from $55.00 to $75.00 and gave the stock a “buy” rating in a research report on Monday, November 25th. Northland Securities boosted their price objective on shares of 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 target on Palantir Technologies from $37.00 to $44.00 and gave the stock an “underperform” rating in a research report on Friday, December 13th. Finally, Robert W. Baird initiated coverage on shares of Palantir Technologies in a research note on Thursday, December 12th. They issued a “neutral” rating and a $70.00 target price for the company. Six equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Palantir Technologies currently has a consensus rating of “Hold” and an average target price of $46.56.

Insider Activity

In other news, Director Lauren Elaina Friedman Stat sold 8,860 shares of the stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $58.06, for a total value of $514,411.60. Following the completion of the sale, the director now directly owns 121,390 shares of the company’s stock, valued at $7,047,903.40. This represents a 6.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Stephen Andrew Cohen sold 450,000 shares of the stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $70.95, for a total value of $31,927,500.00. Following the completion of the sale, the insider now directly owns 592 shares of the company’s stock, valued at approximately $42,002.40. This trade represents a 99.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 20,153,753 shares of company stock valued at $1,287,042,675 in the last ninety days. 12.93% of the stock is owned by company insiders.

Palantir Technologies Stock Up 1.5 %

Shares of PLTR stock opened at $83.74 on Tuesday. The firm has a market capitalization of $190.76 billion, a P/E ratio of 418.72, a P/E/G ratio of 7.54 and a beta of 2.81. Palantir Technologies Inc. has a twelve month low of $16.48 and a twelve month high of $85.22. The stock’s fifty day simple moving average is $73.71 and its 200 day simple moving average is $51.00.

Palantir Technologies (NASDAQ:PLTR) last released its quarterly earnings results on Monday, November 4th. The company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01. The firm 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%. The business’s revenue was up 30.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.03 EPS. As a group, equities research analysts expect that Palantir Technologies Inc. will post 0.19 EPS for the current fiscal year.

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.