Eclectic Associates Inc. ADV Has $1.25 Million Position in Palantir Technologies Inc. (NASDAQ:PLTR)

Eclectic Associates Inc. ADV cut its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 81.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 16,485 shares of the company’s stock after selling 70,300 shares during the quarter. Eclectic Associates Inc. ADV’s holdings in Palantir Technologies were worth $1,247,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Northwest Investment Counselors LLC bought a new stake in shares of Palantir Technologies during the third quarter worth $25,000. Prestige Wealth Management Group LLC increased its position in Palantir Technologies by 747.1% in the third quarter. Prestige Wealth Management Group LLC now owns 737 shares of the company’s stock worth $27,000 after purchasing an additional 650 shares during the period. First PREMIER Bank bought a new stake in Palantir Technologies during the 4th quarter worth about $28,000. Wolff Wiese Magana LLC lifted its position in Palantir Technologies by 230.4% during the 4th 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. Finally, University of Texas Texas AM Investment Management Co. bought a new position in shares of Palantir Technologies in the 2nd quarter valued at about $30,000. Institutional investors and hedge funds own 45.65% of the company’s stock.

Insider Transactions at Palantir Technologies

In other Palantir Technologies news, Director Alexandra W. Schiff sold 4,000 shares of the company’s stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $71.63, for a total transaction of $286,520.00. Following the sale, the director now directly owns 195,393 shares of the company’s stock, valued at approximately $13,996,000.59. This represents a 2.01 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Alexander C. Karp sold 3,337,048 shares of Palantir Technologies stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $45.02, for a total transaction 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 approximately $289,580,255.16. This trade represents a 34.16 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 23,518,855 shares of company stock worth $1,438,682,423 in the last three months. Insiders own 12.93% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on PLTR. The Goldman Sachs Group lifted their target price on shares of Palantir Technologies from $16.00 to $41.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Bank of America upped their price objective on Palantir Technologies from $55.00 to $75.00 and gave the company a “buy” rating in a report on Monday, November 25th. Cantor Fitzgerald started coverage on Palantir Technologies in a report on Friday, January 17th. They set a “neutral” rating and a $72.00 target price on the stock. Baird R W raised Palantir Technologies to a “hold” rating in a research note on Thursday, December 12th. Finally, UBS Group started coverage on shares of Palantir Technologies in a research report on Thursday, December 19th. They issued a “neutral” rating and a $80.00 price target on the stock. Seven investment 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, the stock currently has a consensus rating of “Hold” and an average price target of $44.61.

Palantir Technologies Price Performance

Shares of Palantir Technologies stock opened at $78.98 on Friday. The firm has a market cap of $179.92 billion, a price-to-earnings ratio of 394.92, a price-to-earnings-growth ratio of 7.08 and a beta of 2.82. The stock’s 50-day moving average is $71.70 and its 200-day moving average is $48.53. Palantir Technologies Inc. has a one year low of $16.03 and a one year high of $84.80.

Palantir Technologies (NASDAQ:PLTR) last released its 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 firm had revenue of $725.52 million for the quarter, compared to analysts’ expectations of $705.11 million. Palantir Technologies had a return on equity of 9.94% and a net margin of 18.01%. The business’s quarterly revenue was up 30.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.03 EPS. On average, equities analysts expect that Palantir Technologies Inc. will post 0.2 EPS for the current year.

About Palantir Technologies

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.