Decker Retirement Planning Inc. Buys Shares of 44,910 Palantir Technologies Inc. (NASDAQ:PLTR)

Decker Retirement Planning Inc. bought a new position in Palantir Technologies Inc. (NASDAQ:PLTR) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 44,910 shares of the company’s stock, valued at approximately $3,397,000. Palantir Technologies accounts for about 2.0% of Decker Retirement Planning Inc.’s portfolio, making the stock its 20th biggest position.

Several other institutional investors have also recently bought and sold shares of the company. Wolff Wiese Magana LLC grew its position in shares of Palantir Technologies by 230.4% in the fourth 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 last quarter. Northwest Investment Counselors LLC acquired a new position in shares of Palantir Technologies during the third quarter worth approximately $25,000. Prestige Wealth Management Group LLC boosted its holdings in Palantir Technologies by 747.1% in the 3rd quarter. Prestige Wealth Management Group LLC now owns 737 shares of the company’s stock valued at $27,000 after purchasing an additional 650 shares during the period. PSI Advisors LLC increased its position in shares of Palantir Technologies by 99.7% during the fourth quarter. PSI Advisors LLC now owns 795 shares of the company’s stock valued at $60,000 after purchasing an additional 397 shares during the period. Finally, Kings Path Partners LLC acquired a new stake in Palantir Technologies during the fourth quarter worth $76,000. Institutional investors own 45.65% of the company’s stock.

Palantir Technologies Trading Up 1.8 %

Shares of NASDAQ PLTR opened at $69.34 on Friday. Palantir Technologies Inc. has a 1-year low of $16.03 and a 1-year high of $84.80. The company has a 50-day moving average of $70.22 and a two-hundred day moving average of $46.85. The company has a market cap of $157.95 billion, a PE ratio of 346.70, a P/E/G ratio of 6.24 and a beta of 2.82.

Palantir Technologies (NASDAQ:PLTR) last posted 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. The firm had revenue of $725.52 million during the quarter, compared to analysts’ expectations of $705.11 million. Palantir Technologies had a net margin of 18.01% and a return on equity of 9.94%. Palantir Technologies’s revenue was up 30.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.03 EPS. As a group, equities research analysts forecast that Palantir Technologies Inc. will post 0.2 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on PLTR. William Blair restated an “underperform” rating on shares of Palantir Technologies in a research note on Wednesday, December 18th. Cantor Fitzgerald assumed coverage on shares of Palantir Technologies in a research report on Friday. They issued a “neutral” rating and a $72.00 price target for the company. Argus downgraded Palantir Technologies from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. Baird R W upgraded Palantir Technologies to a “hold” rating in a research note on Thursday, December 12th. Finally, Bank of America raised their target price on Palantir Technologies from $55.00 to $75.00 and gave the stock a “buy” rating in a research report on Monday, November 25th. Seven research analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, Palantir Technologies currently has a consensus rating of “Hold” and a consensus target price of $43.78.

Insider Activity

In other Palantir Technologies news, insider Ryan D. Taylor sold 123,334 shares of the business’s stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $45.00, for a total transaction of $5,550,030.00. Following the completion of the sale, the insider now directly owns 331,369 shares of the company’s stock, valued at approximately $14,911,605. The trade was a 27.12 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Alexander C. Karp sold 3,337,048 shares of the firm’s 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 in the company, valued at $289,580,255.16. This trade represents a 34.16 % decrease in their position. 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 over the last 90 days. 12.93% of the stock is owned by company insiders.

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.