RMR Wealth Builders Raises Holdings in Palantir Technologies Inc. (NASDAQ:PLTR)

RMR Wealth Builders lifted its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 2.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,201 shares of the company’s stock after buying an additional 167 shares during the period. RMR Wealth Builders’ holdings in Palantir Technologies were worth $545,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Atlas Brown Inc. purchased a new position in shares of Palantir Technologies in the 4th quarter worth $316,000. HBW Advisory Services LLC boosted its stake in shares of Palantir Technologies by 8.5% in the 4th quarter. HBW Advisory Services LLC now owns 11,062 shares of the company’s stock worth $837,000 after buying an additional 864 shares during the last quarter. Sage Capital Advisors llc boosted its stake in shares of Palantir Technologies by 309.5% in the 4th quarter. Sage Capital Advisors llc now owns 94,193 shares of the company’s stock worth $7,124,000 after buying an additional 71,192 shares during the last quarter. Hilltop National Bank boosted its stake in shares of Palantir Technologies by 13.6% in the 4th quarter. Hilltop National Bank now owns 2,760 shares of the company’s stock worth $209,000 after buying an additional 330 shares during the last quarter. Finally, ST Germain D J Co. Inc. boosted its stake 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 worth $362,000 after buying an additional 200 shares during the last quarter. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Morgan Stanley restated an “underweight” rating and issued a $60.00 price target on shares of Palantir Technologies in a research note on Monday, January 6th. Mizuho raised their target price on Palantir Technologies from $37.00 to $44.00 and gave the stock an “underperform” rating in a report on Friday, December 13th. DA Davidson raised their target price on Palantir Technologies from $28.00 to $47.00 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. Jefferies Financial Group cut Palantir Technologies from a “hold” rating to an “underperform” rating and set a $28.00 target price on the stock. in a report on Thursday, November 7th. Finally, Wedbush raised their target price on Palantir Technologies from $57.00 to $75.00 and gave the stock an “outperform” rating in a report on Monday, November 25th. Seven investment 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’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $42.12.

Insider Transactions at Palantir Technologies

In related news, insider Alexander C. Karp sold 3,337,048 shares of Palantir Technologies stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $45.02, for a total value of $150,233,900.96. Following the completion of the transaction, the insider now owns 6,432,258 shares in the company, valued at approximately $289,580,255.16. This trade represents a 34.16 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Ryan D. Taylor sold 123,334 shares of Palantir Technologies stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $45.00, for a total value of $5,550,030.00. Following the completion of the transaction, the insider now owns 331,369 shares of the company’s stock, valued at approximately $14,911,605. This represents a 27.12 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 23,642,189 shares of company stock valued at $1,444,232,453. 12.93% of the stock is currently owned by insiders.

Palantir Technologies Trading Down 1.4 %

Shares of PLTR stock opened at $67.26 on Friday. Palantir Technologies Inc. has a 12-month low of $16.03 and a 12-month high of $84.80. The stock’s 50-day moving average price is $68.93 and its 200-day moving average price is $45.68. The stock has a market capitalization of $153.22 billion, a price-to-earnings ratio of 336.32, a price-to-earnings-growth ratio of 10.18 and a beta of 2.82.

Palantir Technologies (NASDAQ:PLTR) last issued its earnings results on Monday, November 4th. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.01. Palantir Technologies had a return on equity of 9.94% and a net margin of 18.01%. The firm had revenue of $725.52 million for the quarter, compared to analysts’ expectations of $705.11 million. During the same period in the previous year, the firm posted $0.03 earnings per share. The business’s revenue was up 30.0% compared to the same quarter last year. As a group, research analysts predict that Palantir Technologies Inc. will post 0.21 EPS for the current fiscal year.

About Palantir Technologies

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.