Atlas Brown Inc. Takes $316,000 Position in Palantir Technologies Inc. (NASDAQ:PLTR)

Atlas Brown Inc. acquired a new stake in Palantir Technologies Inc. (NASDAQ:PLTRFree Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 4,178 shares of the company’s stock, valued at approximately $316,000.

A number of other hedge funds also recently made changes to their positions in PLTR. Northwest Investment Counselors LLC bought a new position in shares of Palantir Technologies in the 3rd quarter valued at $25,000. Prestige Wealth Management Group LLC boosted its stake in shares of Palantir Technologies by 747.1% during the third 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. University of Texas Texas AM Investment Management Co. acquired a new position in shares of Palantir Technologies in the second quarter valued at approximately $30,000. Ashburton Jersey Ltd bought a new stake in shares of Palantir Technologies in the second quarter worth $36,000. Finally, Creekmur Asset Management LLC raised its position in shares of Palantir Technologies by 46.0% during the third quarter. Creekmur Asset Management LLC now owns 1,063 shares of the company’s stock worth $40,000 after acquiring an additional 335 shares during the last quarter. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Palantir Technologies Stock Down 1.8 %

NASDAQ:PLTR traded down $1.22 during midday trading on Friday, hitting $67.01. The company had a trading volume of 69,876,454 shares, compared to its average volume of 81,704,406. The company has a market capitalization of $152.65 billion, a PE ratio of 335.07, a P/E/G ratio of 10.18 and a beta of 2.82. The stock’s fifty day moving average price is $68.42 and its 200-day moving average price is $45.38. Palantir Technologies Inc. has a 52-week low of $16.03 and a 52-week high of $84.80.

Palantir Technologies (NASDAQ:PLTRGet Free Report) last released its quarterly earnings data on Monday, November 4th. The company reported $0.10 EPS for the quarter, topping the consensus estimate of $0.09 by $0.01. The firm had revenue of $725.52 million for the quarter, compared to the consensus estimate of $705.11 million. Palantir Technologies had a return on equity of 9.94% and a net margin of 18.01%. The company’s quarterly revenue was up 30.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.03 earnings per share. As a group, research analysts forecast that Palantir Technologies Inc. will post 0.21 earnings per share for the current year.

Analyst Ratings Changes

PLTR has been the subject of several research analyst reports. Robert W. Baird initiated coverage on Palantir Technologies in a research report on Thursday, December 12th. They issued a “neutral” rating and a $70.00 price objective for the company. William Blair reiterated an “underperform” rating on shares of Palantir Technologies in a research note on Wednesday, December 18th. The Goldman Sachs Group increased their price target on shares of Palantir Technologies from $16.00 to $41.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Morgan Stanley restated an “underweight” rating and issued a $60.00 target price on shares of Palantir Technologies in a research note on Monday. Finally, DA Davidson increased their price target on Palantir Technologies from $28.00 to $47.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 5th. Seven analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $42.12.

Get Our Latest Research Report on Palantir Technologies

Insiders Place Their Bets

In related news, insider Alexander C. Karp sold 3,337,048 shares of the stock in a transaction dated 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 directly owns 6,432,258 shares of the company’s stock, valued at $289,580,255.16. This represents a 34.16 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Lauren Elaina Friedman Stat sold 800 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $76.29, for a total value of $61,032.00. Following the transaction, the director now owns 62,139 shares in the company, valued at $4,740,584.31. This trade represents a 1.27 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 23,638,189 shares of company stock valued at $1,443,945,933 in the last quarter. Insiders own 12.93% of the company’s stock.

Palantir Technologies Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Palantir Technologies (NASDAQ:PLTR)

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