Palantir Technologies Inc. (NASDAQ:PLTR) Shares Purchased by Impact Partnership Wealth LLC

Impact Partnership Wealth LLC raised its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 24.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 8,493 shares of the company’s stock after purchasing an additional 1,679 shares during the quarter. Impact Partnership Wealth LLC’s holdings in Palantir Technologies were worth $642,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. First PREMIER Bank purchased a new position in shares of Palantir Technologies during the 4th quarter valued at approximately $28,000. Wolff Wiese Magana LLC raised its position in Palantir Technologies by 230.4% during the fourth quarter. Wolff Wiese Magana LLC now owns 380 shares of the company’s stock worth $29,000 after acquiring an additional 265 shares during the period. Financial Management Professionals Inc. lifted its holdings in Palantir Technologies by 171.5% during the fourth quarter. Financial Management Professionals Inc. now owns 543 shares of the company’s stock valued at $41,000 after purchasing an additional 343 shares in the last quarter. Trivant Custom Portfolio Group LLC grew its position in shares of Palantir Technologies by 313.3% in the fourth quarter. Trivant Custom Portfolio Group LLC now owns 620 shares of the company’s stock valued at $47,000 after purchasing an additional 470 shares during the period. Finally, Northwest Investment Counselors LLC purchased a new stake in shares of Palantir Technologies during the third quarter worth about $25,000. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Insider Transactions at Palantir Technologies

In other Palantir Technologies news, Director Alexandra W. Schiff sold 4,000 shares of the firm’s stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $71.63, for a total transaction of $286,520.00. Following the transaction, the director now directly owns 195,393 shares of the company’s stock, valued at approximately $13,996,000.59. This trade represents a 2.01 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Ryan D. Taylor sold 483,987 shares of Palantir Technologies stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $74.48, for a total value of $36,047,351.76. Following the completion of the sale, the insider now directly owns 170,273 shares in the company, valued at $12,681,933.04. This represents a 73.97 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 23,518,855 shares of company stock worth $1,438,682,423. Corporate insiders own 12.93% of the company’s stock.

Palantir Technologies Price Performance

PLTR stock opened at $78.98 on Friday. 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 $179.92 billion, a P/E ratio of 394.92, a P/E/G ratio of 7.08 and a beta of 2.82. The business’s 50-day moving average is $71.70 and its two-hundred day moving average is $48.53.

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

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on PLTR. DA Davidson raised their price target on shares of Palantir Technologies from $28.00 to $47.00 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. Northland Securities increased their price objective on shares of Palantir Technologies from $35.00 to $38.00 and gave the company a “market perform” rating in a report on Tuesday, November 5th. Jefferies Financial Group cut shares of Palantir Technologies from a “hold” rating to an “underperform” rating and set a $28.00 price target on the stock. in a research report on Thursday, November 7th. Wedbush raised their price objective on shares of Palantir Technologies from $75.00 to $90.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, Bank of America lifted their target price 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. Seven research analysts have rated the stock with a sell rating, twelve have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Palantir Technologies has an average rating of “Hold” and a consensus price target 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.