Palantir Technologies Inc. (NASDAQ:PLTR) Stock Position Lifted by Strategic Blueprint LLC

Strategic Blueprint LLC boosted its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 128.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,795 shares of the company’s stock after buying an additional 11,137 shares during the quarter. Strategic Blueprint LLC’s holdings in Palantir Technologies were worth $1,497,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. RMR Wealth Builders boosted its position in shares of Palantir Technologies by 2.4% in the 4th quarter. RMR Wealth Builders now owns 7,201 shares of the company’s stock valued at $545,000 after purchasing an additional 167 shares during the period. Bay Rivers Group boosted its position in shares of Palantir Technologies by 2.7% in the 4th quarter. Bay Rivers Group now owns 6,406 shares of the company’s stock valued at $484,000 after purchasing an additional 171 shares during the period. Christensen King & Associates Investment Services Inc. boosted its position in shares of Palantir Technologies by 3.0% in the 4th quarter. Christensen King & Associates Investment Services Inc. now owns 5,897 shares of the company’s stock valued at $486,000 after purchasing an additional 174 shares during the period. Geneos Wealth Management Inc. boosted its position in shares of Palantir Technologies by 1.4% in the 4th quarter. Geneos Wealth Management Inc. now owns 14,406 shares of the company’s stock valued at $1,090,000 after purchasing an additional 196 shares during the period. Finally, ST Germain D J Co. Inc. boosted its position in shares of Palantir Technologies by 4.4% in the 4th quarter. ST Germain D J Co. Inc. now owns 4,780 shares of the company’s stock valued at $362,000 after purchasing an additional 200 shares during the period. Institutional investors own 45.65% of the company’s stock.

Palantir Technologies Stock Down 0.6 %

PLTR opened at $79.76 on Thursday. The firm has a market capitalization of $181.69 billion, a P/E ratio of 398.82, a price-to-earnings-growth ratio of 7.08 and a beta of 2.82. The stock’s 50 day moving average price is $72.59 and its two-hundred day moving average price is $49.89. Palantir Technologies Inc. has a 12-month low of $16.03 and a 12-month high of $84.80.

Palantir Technologies (NASDAQ:PLTR) last announced 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 company had revenue of $725.52 million for the quarter, compared to analyst estimates of $705.11 million. Palantir Technologies had a return on equity of 9.94% and a net margin of 18.01%. Palantir Technologies’s revenue for the quarter was up 30.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.03 EPS. As a group, analysts anticipate that Palantir Technologies Inc. will post 0.2 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. Morgan Stanley reiterated an “underweight” rating and issued a $60.00 price target on shares of Palantir Technologies in a research report on Monday, January 6th. Baird R W raised Palantir Technologies to a “hold” rating in a research note on Thursday, December 12th. Bank of America increased 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. Argus downgraded Palantir Technologies from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. Finally, UBS Group started coverage on Palantir Technologies in a research note on Thursday, December 19th. They issued a “neutral” rating and a $80.00 price objective for the company. Seven equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $44.61.

Insider Buying and Selling at Palantir Technologies

In related news, insider Heather A. Planishek sold 20,000 shares of Palantir Technologies stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $49.96, for a total transaction of $999,200.00. Following the completion of the sale, the insider now directly owns 562,006 shares of the company’s stock, valued at $28,077,819.76. The trade was a 3.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Lauren Elaina Friedman Stat sold 8,054 shares of the business’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $50.49, for a total value of $406,646.46. Following the completion of the transaction, the director now directly owns 130,250 shares of the company’s stock, valued at approximately $6,576,322.50. The trade was a 5.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 20,181,807 shares of company stock worth $1,288,448,522. 12.93% of the stock is currently owned by 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.