Illinois Municipal Retirement Fund Takes Position in Palantir Technologies Inc. (NYSE:PLTR)

Illinois Municipal Retirement Fund bought a new stake in shares of Palantir Technologies Inc. (NYSE:PLTR) during the 4th quarter, according to its most recent filing with the SEC. The fund bought 32,851 shares of the company’s stock, valued at approximately $564,000.

Other institutional investors have also made changes to their positions in the company. Truvestments Capital LLC boosted its position in shares of Palantir Technologies by 74.9% during the 3rd quarter. Truvestments Capital LLC now owns 1,635 shares of the company’s stock valued at $26,000 after acquiring an additional 700 shares in the last quarter. Pacifica Partners Inc. bought a new position in Palantir Technologies during the 4th quarter valued at about $27,000. Provence Wealth Management Group bought a new position in Palantir Technologies during the 3rd quarter valued at about $34,000. Glass Jacobson Investment Advisors llc bought a new position in Palantir Technologies during the 3rd quarter valued at about $35,000. Finally, SJS Investment Consulting Inc. lifted its holdings in Palantir Technologies by 1,197.4% during the 4th quarter. SJS Investment Consulting Inc. now owns 2,011 shares of the company’s stock valued at $35,000 after purchasing an additional 1,856 shares during the last quarter. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Palantir Technologies Stock Performance

Shares of NYSE PLTR opened at $21.97 on Wednesday. Palantir Technologies Inc. has a 52-week low of $7.28 and a 52-week high of $27.50. The stock has a market cap of $48.61 billion, a P/E ratio of 244.14, a P/E/G ratio of 5.60 and a beta of 2.78. The firm has a 50 day moving average price of $23.39 and a 200 day moving average price of $20.14.

Palantir Technologies (NYSE:PLTR) last issued its earnings results on Monday, February 5th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.01). Palantir Technologies had a net margin of 9.43% and a return on equity of 6.17%. The firm had revenue of $608.35 million during the quarter, compared to the consensus estimate of $603.48 million. Analysts predict that Palantir Technologies Inc. will post 0.16 earnings per share for the current fiscal year.

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, insider Ryan D. Taylor sold 120,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $22.00, for a total value of $2,640,000.00. Following the completion of the sale, the insider now owns 181,460 shares of the company’s stock, valued at $3,992,120. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Alexandra W. Schiff sold 5,000 shares of the stock in a transaction on Monday, April 1st. The shares were sold at an average price of $22.74, for a total transaction of $113,700.00. Following the completion of the sale, the director now owns 186,783 shares of the company’s stock, valued at $4,247,445.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Ryan D. Taylor sold 120,000 shares of the stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $22.00, for a total transaction of $2,640,000.00. Following the sale, the insider now directly owns 181,460 shares of the company’s stock, valued at approximately $3,992,120. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 7,456,273 shares of company stock valued at $184,343,202. Corporate insiders own 13.96% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on PLTR shares. Wedbush reissued an “outperform” rating and set a $35.00 price target (up from $30.00) on shares of Palantir Technologies in a report on Friday, March 8th. Bank of America boosted their target price on shares of Palantir Technologies from $24.00 to $28.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. Raymond James boosted their target price on shares of Palantir Technologies from $22.00 to $25.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 6th. HSBC downgraded shares of Palantir Technologies from a “buy” rating to a “hold” rating and set a $22.00 target price for the company. in a research note on Wednesday, February 14th. Finally, Monness Crespi & Hardt raised shares of Palantir Technologies from a “sell” rating to a “neutral” rating in a research note on Friday, April 26th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Palantir Technologies presently has a consensus rating of “Hold” and an average price target of $18.35.

Palantir Technologies Profile

Palantir Technologies Inc builds and deploys software platforms for the intelligence community to assist in counterterrorism investigations and operations in the United States, the United Kingdom, and internationally. The company provides Palantir Gotham, a software platform which enables users to identify patterns hidden deep within datasets, ranging from signals intelligence sources to reports from confidential informants, as well as facilitates the handoff between analysts and operational users, helping operators plan and execute real-world responses to threats that have been identified within the platform.