Unique Wealth LLC Has $490,000 Stock Position in Palantir Technologies Inc. (NASDAQ:PLTR)

Unique Wealth LLC lowered its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 36.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,483 shares of the company’s stock after selling 3,738 shares during the period. Unique Wealth LLC’s holdings in Palantir Technologies were worth $490,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of PLTR. Tsfg LLC boosted its stake in shares of Palantir Technologies by 75.7% during the fourth quarter. Tsfg LLC now owns 2,763 shares of the company’s stock valued at $209,000 after purchasing an additional 1,190 shares in the last quarter. Pallas Capital Advisors LLC boosted its position in Palantir Technologies by 50.5% during the 4th quarter. Pallas Capital Advisors LLC now owns 8,040 shares of the company’s stock worth $608,000 after buying an additional 2,698 shares during the period. Northstar Advisory Group LLC bought a new stake in Palantir Technologies during the 4th quarter worth approximately $317,000. Burns J W & Co. Inc. NY increased its position in Palantir Technologies by 103.7% in the 4th quarter. Burns J W & Co. Inc. NY now owns 13,875 shares of the company’s stock valued at $1,049,000 after acquiring an additional 7,063 shares during the period. Finally, Abound Wealth Management raised its stake in shares of Palantir Technologies by 492.5% during the fourth quarter. Abound Wealth Management now owns 1,256 shares of the company’s stock valued at $95,000 after acquiring an additional 1,044 shares during the last quarter. 45.65% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently weighed in on PLTR shares. Bank of America boosted their price objective on shares of Palantir Technologies from $55.00 to $75.00 and gave the stock a “buy” rating in a research note on Monday, November 25th. Argus cut Palantir Technologies from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. Northland Securities raised their price objective on Palantir Technologies from $35.00 to $38.00 and gave the stock a “market perform” rating in a research report on Tuesday, November 5th. Mizuho increased their target price on shares of Palantir Technologies from $37.00 to $44.00 and gave the company an “underperform” rating in a research report on Friday, December 13th. Finally, UBS Group began 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, eleven have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $42.12.

Palantir Technologies Price Performance

Shares of NASDAQ PLTR opened at $64.98 on Tuesday. The stock has a market capitalization of $148.03 billion, a PE ratio of 324.92, a P/E/G ratio of 10.18 and a beta of 2.82. Palantir Technologies Inc. has a one year low of $16.03 and a one year high of $84.80. The business’s fifty day moving average price is $69.40 and its 200-day moving average price is $46.26.

Palantir Technologies (NASDAQ:PLTR) last released its quarterly earnings data on Monday, November 4th. The company reported $0.10 EPS for the quarter, beating 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 business had revenue of $725.52 million for the quarter, compared to the consensus estimate of $705.11 million. During the same period in the prior year, the firm earned $0.03 earnings per share. The company’s revenue was up 30.0% compared to the same quarter last year. As a group, equities analysts expect that Palantir Technologies Inc. will post 0.21 EPS for the current fiscal year.

Insider Buying and Selling at Palantir Technologies

In related news, insider Ryan D. Taylor sold 123,334 shares of the business’s stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $45.00, for a total transaction of $5,550,030.00. Following the completion of the transaction, the insider now owns 331,369 shares of the company’s stock, valued at approximately $14,911,605. The trade was a 27.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Alexandra W. Schiff sold 4,000 shares of the stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $71.63, for a total transaction of $286,520.00. Following the completion of the sale, the director now owns 195,393 shares in the company, valued at $13,996,000.59. This represents a 2.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 23,642,189 shares of company stock valued at $1,444,232,453 in the last 90 days. 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.