Diversified Investment Strategies LLC Buys Shares of 3,200 Palantir Technologies Inc. (NASDAQ:PLTR)

Diversified Investment Strategies LLC acquired a new stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 3,200 shares of the company’s stock, valued at approximately $242,000.

Other institutional investors have also recently made changes to their positions in the company. Thrivent Financial for Lutherans raised its stake in Palantir Technologies by 20.9% in the second quarter. Thrivent Financial for Lutherans now owns 52,732 shares of the company’s stock valued at $1,336,000 after buying an additional 9,109 shares during the last quarter. ProShare Advisors LLC raised its position in shares of Palantir Technologies by 14.9% in the 2nd quarter. ProShare Advisors LLC now owns 13,100 shares of the company’s stock valued at $332,000 after purchasing an additional 1,702 shares during the last quarter. Magnolia Capital Advisors LLC acquired a new stake in Palantir Technologies in the 2nd quarter worth approximately $381,000. Northwestern Mutual Wealth Management Co. grew its position in Palantir Technologies by 23.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 784,823 shares of the company’s stock worth $19,880,000 after purchasing an additional 146,652 shares during the last quarter. Finally, Quarry LP increased its stake in Palantir Technologies by 193.1% during the 2nd quarter. Quarry LP now owns 4,200 shares of the company’s stock valued at $106,000 after purchasing an additional 2,767 shares in the last quarter. Institutional investors and hedge funds own 45.65% of the company’s stock.

Insiders Place Their Bets

In other news, insider Heather A. Planishek sold 20,000 shares of Palantir Technologies stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $49.96, for a total transaction of $999,200.00. Following the sale, the insider now owns 562,006 shares of the company’s stock, valued at approximately $28,077,819.76. The trade was a 3.44 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Lauren Elaina Friedman Stat sold 10,721 shares of the company’s stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $76.78, for a total value of $823,158.38. Following the completion of the transaction, the director now owns 100,923 shares in the company, valued at $7,748,867.94. This represents a 9.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 20,181,807 shares of company stock valued at $1,288,448,522 over the last ninety days. Company insiders own 12.93% of the company’s stock.

Palantir Technologies Price Performance

PLTR stock opened at $78.72 on Wednesday. Palantir Technologies Inc. has a 1 year low of $16.03 and a 1 year high of $84.80. The firm has a market capitalization of $179.33 billion, a PE ratio of 396.68, a price-to-earnings-growth ratio of 7.08 and a beta of 2.82. The business has a 50 day simple moving average of $72.59 and a 200-day simple moving average of $49.89.

Palantir Technologies (NASDAQ:PLTR) last issued its earnings results on Monday, November 4th. The company reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.01. Palantir Technologies had a return on equity of 9.94% and a net margin of 18.01%. The business had revenue of $725.52 million during the quarter, compared to the consensus estimate of $705.11 million. During the same period last year, the company earned $0.03 EPS. The company’s revenue for the quarter was up 30.0% on a year-over-year basis. On average, equities research analysts expect that Palantir Technologies Inc. will post 0.2 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. William Blair restated an “underperform” rating on shares of Palantir Technologies in a research note on Wednesday, December 18th. Bank of America raised their price objective on Palantir Technologies from $55.00 to $75.00 and gave the stock a “buy” rating in a research note on Monday, November 25th. Robert W. Baird assumed coverage on Palantir Technologies in a research report on Thursday, December 12th. They issued a “neutral” rating and a $70.00 target price on the stock. Morgan Stanley reissued an “underweight” rating and set a $60.00 price target on shares of Palantir Technologies in a research report on Monday, January 6th. Finally, Jefferies Financial Group downgraded shares of Palantir Technologies from a “hold” rating to an “underperform” rating and set a $28.00 price objective on the stock. in a report on Thursday, November 7th. Seven research analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $44.61.

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.