Palantir Technologies Inc. (NASDAQ:PLTR) Shares Acquired by HBW Advisory Services LLC

HBW Advisory Services LLC lifted its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 8.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 11,062 shares of the company’s stock after purchasing an additional 864 shares during the quarter. HBW Advisory Services LLC’s holdings in Palantir Technologies were worth $837,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. Northwest Investment Counselors LLC purchased a new stake in shares of Palantir Technologies in the 3rd quarter valued at approximately $25,000. Prestige Wealth Management Group LLC raised its position in 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 buying an additional 650 shares during the period. University of Texas Texas AM Investment Management Co. purchased a new stake in Palantir Technologies in the 2nd quarter worth about $30,000. Ashburton Jersey Ltd acquired a new stake in Palantir Technologies during the 2nd quarter worth about $36,000. Finally, Creekmur Asset Management LLC lifted its position in shares of Palantir Technologies by 46.0% in 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 in the last quarter. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Palantir Technologies Trading Down 1.4 %

Palantir Technologies stock opened at $67.26 on Friday. Palantir Technologies Inc. has a 1 year low of $16.03 and a 1 year high of $84.80. The company’s 50-day moving average is $68.93 and its two-hundred day moving average is $45.68. The company has a market cap of $153.22 billion, a PE ratio of 336.32, a PEG ratio of 10.18 and a beta of 2.82.

Palantir Technologies (NASDAQ:PLTR) last released 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 firm had revenue of $725.52 million during 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 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 earned $0.03 EPS. Research analysts forecast that Palantir Technologies Inc. will post 0.21 EPS for the current year.

Analysts Set New Price Targets

PLTR has been the subject of several recent research reports. Jefferies Financial Group lowered Palantir Technologies from a “hold” rating to an “underperform” rating and set a $28.00 price objective for the company. in a report on Thursday, November 7th. Morgan Stanley reaffirmed an “underweight” rating and issued a $60.00 price target on shares of Palantir Technologies in a research report on Monday, January 6th. Bank of America increased their price objective on shares of Palantir Technologies from $55.00 to $75.00 and gave the company a “buy” rating in a research note on Monday, November 25th. The Goldman Sachs Group upped their price target on Palantir Technologies from $16.00 to $41.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Finally, Mizuho boosted their target price on shares of Palantir Technologies from $37.00 to $44.00 and gave the company an “underperform” rating in a research note on Friday, December 13th. Seven equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Palantir Technologies has an average rating of “Hold” and an average target price of $42.12.

Insider Transactions at Palantir Technologies

In related news, Director Lauren Elaina Friedman Stat sold 10,721 shares of the company’s stock in a transaction 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 sale, the director now owns 100,923 shares in the company, valued at $7,748,867.94. This represents a 9.60 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Alexander C. Karp sold 3,337,048 shares of Palantir Technologies stock in a transaction dated 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 transaction, the insider now owns 6,432,258 shares in the company, valued at approximately $289,580,255.16. This represents a 34.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 23,642,189 shares of company stock worth $1,444,232,453. 12.93% of the stock is currently owned by company insiders.

Palantir Technologies Company 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.