Sage Capital Advisors llc Acquires 71,192 Shares of Palantir Technologies Inc. (NASDAQ:PLTR)

Sage Capital Advisors llc boosted its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 309.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 94,193 shares of the company’s stock after purchasing an additional 71,192 shares during the quarter. Palantir Technologies accounts for about 1.9% of Sage Capital Advisors llc’s portfolio, making the stock its 14th largest holding. Sage Capital Advisors llc’s holdings in Palantir Technologies were worth $7,124,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Northwest Investment Counselors LLC bought a new stake in Palantir Technologies during the third quarter worth about $25,000. Prestige Wealth Management Group LLC lifted its holdings in shares of Palantir Technologies by 747.1% during the 3rd quarter. Prestige Wealth Management Group LLC now owns 737 shares of the company’s stock worth $27,000 after acquiring an additional 650 shares during the period. University of Texas Texas AM Investment Management Co. acquired a new stake in shares of Palantir Technologies during the 2nd quarter worth approximately $30,000. Ashburton Jersey Ltd acquired a new position in Palantir Technologies during the second quarter valued at approximately $36,000. Finally, Creekmur Asset Management LLC lifted its stake in 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 purchasing an additional 335 shares during the last quarter. Institutional investors own 45.65% of the company’s stock.

Palantir Technologies Trading Down 1.0 %

Shares of PLTR stock traded down $0.69 on Friday, reaching $67.54. The company’s stock had a trading volume of 53,035,335 shares, compared to its average volume of 78,891,695. The company has a market capitalization of $153.86 billion, a price-to-earnings ratio of 337.72, a price-to-earnings-growth ratio of 10.18 and a beta of 2.82. The stock’s fifty day simple moving average is $68.42 and its 200-day simple moving average is $45.38. Palantir Technologies Inc. has a 1 year low of $16.03 and a 1 year high of $84.80.

Palantir Technologies (NASDAQ:PLTR) last issued its earnings results on Monday, November 4th. The company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates 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 net margin of 18.01% and a return on equity of 9.94%. The company’s quarterly revenue was up 30.0% compared to the same quarter last year. During the same period last year, the company posted $0.03 earnings per share. Equities research analysts forecast that Palantir Technologies Inc. will post 0.21 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Lauren Elaina Friedman Stat sold 8,054 shares of the company’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $50.49, for a total value of $406,646.46. Following the transaction, the director now owns 130,250 shares of the company’s stock, valued at $6,576,322.50. This represents a 5.82 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Ryan D. Taylor sold 483,987 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $74.48, for a total transaction of $36,047,351.76. Following the transaction, the insider now directly owns 170,273 shares of the company’s stock, valued at $12,681,933.04. The trade was a 73.97 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 23,638,189 shares of company stock valued at $1,443,945,933. Insiders own 12.93% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on PLTR. UBS Group began coverage on Palantir Technologies in a research note on Thursday, December 19th. They set a “neutral” rating and a $80.00 target price for the company. Baird R W upgraded shares of Palantir Technologies to a “hold” rating in a research report on Thursday, December 12th. The Goldman Sachs Group increased their price objective on Palantir Technologies from $16.00 to $41.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Raymond James lowered Palantir Technologies from an “outperform” rating to a “market perform” rating in a research report on Monday, September 23rd. Finally, Jefferies Financial Group downgraded Palantir Technologies from a “hold” rating to an “underperform” rating and set a $28.00 price objective for the company. in a research report on Thursday, November 7th. Seven research analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $42.12.

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.