Duncan Williams Asset Management LLC Makes New $205,000 Investment in Palantir Technologies Inc. (NASDAQ:PLTR)

Duncan Williams Asset Management LLC bought a new stake in Palantir Technologies Inc. (NASDAQ:PLTR) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 2,714 shares of the company’s stock, valued at approximately $205,000.

Several other institutional investors also recently modified their holdings of the business. Alan B Lancz & Associates Inc. bought a new stake in Palantir Technologies in the fourth quarter valued at about $227,000. Jacksonville Wealth Management LLC acquired a new position in shares of Palantir Technologies during the 4th quarter worth about $772,000. Flagship Harbor Advisors LLC increased its stake in shares of Palantir Technologies by 122.5% in the 4th quarter. Flagship Harbor Advisors LLC now owns 23,740 shares of the company’s stock valued at $1,795,000 after acquiring an additional 13,068 shares during the last quarter. Grange Capital LLC bought a new position in Palantir Technologies during the 4th quarter worth approximately $5,829,000. Finally, Toth Financial Advisory Corp grew its holdings in Palantir Technologies by 32.0% during the fourth quarter. Toth Financial Advisory Corp now owns 1,710 shares of the company’s stock valued at $129,000 after purchasing an additional 415 shares during the period. Institutional investors and hedge funds own 45.65% of the company’s stock.

Palantir Technologies Stock Performance

Shares of PLTR opened at $78.98 on Friday. The company’s fifty day simple moving average is $71.96 and its 200 day simple moving average is $48.89. Palantir Technologies Inc. has a 1-year low of $16.03 and a 1-year high of $84.80. The company has a market cap of $179.92 billion, a price-to-earnings ratio of 394.92, a PEG ratio of 7.08 and a beta of 2.82.

Palantir Technologies (NASDAQ:PLTR) last released its quarterly earnings data on Monday, November 4th. The company reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.01. Palantir Technologies had a net margin of 18.01% and a return on equity of 9.94%. The company had revenue of $725.52 million for the quarter, compared to analyst estimates of $705.11 million. During the same period in the previous year, the business earned $0.03 EPS. Palantir Technologies’s revenue for the quarter was up 30.0% compared to the same quarter last year. As a group, research analysts forecast that Palantir Technologies Inc. will post 0.2 earnings per share for the current year.

Analysts Set New Price Targets

PLTR has been the topic of a number of recent analyst reports. Cantor Fitzgerald initiated coverage on shares of Palantir Technologies in a research report on Friday, January 17th. They set a “neutral” rating and a $72.00 price target on the stock. The Goldman Sachs Group lifted their target price on Palantir Technologies from $16.00 to $41.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. DA Davidson raised their price target on Palantir Technologies from $28.00 to $47.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. Robert W. Baird started 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. Finally, William Blair restated an “underperform” rating on shares of Palantir Technologies in a report on Wednesday, December 18th. Seven investment analysts have rated the stock with a sell rating, twelve have given a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $44.61.

Insider Transactions at Palantir Technologies

In other news, Director Lauren Elaina Friedman Stat sold 8,054 shares of the company’s stock in a transaction that occurred 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 approximately $6,576,322.50. This represents a 5.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Alexander C. Karp sold 3,337,048 shares of Palantir Technologies stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $45.02, for a total value of $150,233,900.96. Following the sale, the insider now directly owns 6,432,258 shares of the company’s stock, valued at approximately $289,580,255.16. The trade was a 34.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 23,518,855 shares of company stock worth $1,438,682,423. 12.93% of the stock is owned by company insiders.

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.