Johnson & White Wealth Management LLC Invests $301,000 in Palantir Technologies Inc. (NASDAQ:PLTR)

Johnson & White Wealth Management LLC acquired a new position in Palantir Technologies Inc. (NASDAQ:PLTR) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 4,000 shares of the company’s stock, valued at approximately $301,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. BOKF NA grew its position in Palantir Technologies by 2.3% during the second quarter. BOKF NA now owns 30,739 shares of the company’s stock valued at $779,000 after buying an additional 700 shares during the period. DekaBank Deutsche Girozentrale grew its position in Palantir Technologies by 107.4% during the second quarter. DekaBank Deutsche Girozentrale now owns 478,345 shares of the company’s stock valued at $12,164,000 after buying an additional 247,681 shares during the period. Federated Hermes Inc. grew its position in Palantir Technologies by 0.3% during the second quarter. Federated Hermes Inc. now owns 431,667 shares of the company’s stock valued at $10,934,000 after buying an additional 1,321 shares during the period. Thoroughbred Financial Services LLC acquired a new stake in Palantir Technologies during the second quarter valued at $290,000. Finally, J.W. Cole Advisors Inc. grew its position in Palantir Technologies by 73.9% during the second quarter. J.W. Cole Advisors Inc. now owns 57,037 shares of the company’s stock valued at $1,445,000 after buying an additional 24,245 shares during the period. Institutional investors and hedge funds own 45.65% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on PLTR. Mizuho increased their price objective on shares of Palantir Technologies from $37.00 to $44.00 and gave the company an “underperform” rating in a report on Friday, December 13th. Argus downgraded shares of Palantir Technologies from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. Baird R W raised shares of Palantir Technologies to a “hold” rating in a report on Thursday, December 12th. The Goldman Sachs Group increased their price objective on shares of Palantir Technologies from $16.00 to $41.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Finally, Robert W. Baird began coverage on shares of Palantir Technologies in a research note on Thursday, December 12th. They issued a “neutral” rating and a $70.00 price target on the stock. Seven research analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $42.12.

Palantir Technologies Trading Down 3.4 %

Shares of NASDAQ:PLTR opened at $64.98 on Tuesday. The company 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 twelve month low of $16.03 and a twelve month high of $84.80. The firm has a 50 day simple moving average of $69.40 and a 200-day simple moving average of $46.26.

Palantir Technologies (NASDAQ:PLTR) last announced its quarterly earnings data on Monday, November 4th. The company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.01. The company had revenue of $725.52 million for 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% compared to the same quarter last year. During the same period in the previous year, the company posted $0.03 EPS. As a group, equities research analysts predict that Palantir Technologies Inc. will post 0.21 EPS for the current fiscal year.

Insider Transactions at Palantir Technologies

In other news, Director Alexandra W. Schiff sold 4,000 shares of the stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $71.63, for a total value of $286,520.00. Following the completion of the transaction, the director now owns 195,393 shares of the company’s stock, valued at approximately $13,996,000.59. This represents a 2.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Lauren Elaina Friedman Stat sold 8,054 shares of the firm’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 transaction, the director now directly owns 130,250 shares of the company’s stock, valued at $6,576,322.50. This represents a 5.82 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 23,642,189 shares of company stock worth $1,444,232,453 in the last three months. Company insiders own 12.93% of the company’s stock.

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.