Mayfair Advisory Group LLC Buys 3,879 Shares of Palantir Technologies Inc. (NASDAQ:PLTR)

Mayfair Advisory Group LLC boosted its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 50.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,548 shares of the company’s stock after acquiring an additional 3,879 shares during the period. Mayfair Advisory Group LLC’s holdings in Palantir Technologies were worth $873,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Ignite Planners LLC increased its position in shares of Palantir Technologies by 66.2% in the fourth quarter. Ignite Planners LLC now owns 13,417 shares of the company’s stock worth $1,072,000 after purchasing an additional 5,345 shares during the period. GSG Advisors LLC bought a new position in Palantir Technologies in the 4th quarter valued at about $288,000. MRA Advisory Group acquired a new position in shares of Palantir Technologies in the 4th quarter valued at approximately $764,000. PCA Investment Advisory Services Inc. acquired a new position in shares of Palantir Technologies in the 4th quarter valued at approximately $391,000. Finally, Johnson & White Wealth Management LLC bought a new stake in shares of Palantir Technologies during the 4th quarter worth approximately $301,000. 45.65% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

PLTR has been the subject of several research analyst reports. Bank of America boosted their price objective on shares of Palantir Technologies from $55.00 to $75.00 and gave the company a “buy” rating in a research report on Monday, November 25th. Baird R W raised Palantir Technologies to a “hold” rating in a report on Thursday, December 12th. William Blair reaffirmed an “underperform” rating on shares of Palantir Technologies in a research note on Wednesday, December 18th. Wedbush boosted their target price on Palantir Technologies from $57.00 to $75.00 and gave the stock an “outperform” rating in a research note on Monday, November 25th. Finally, 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. Seven analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, Palantir Technologies currently has a consensus rating of “Hold” and an average price target of $42.12.

Insider Activity

In related news, Director Alexandra W. Schiff sold 4,000 shares of the company’s stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $71.63, for a total transaction of $286,520.00. Following the sale, the director now owns 195,393 shares in the company, valued at $13,996,000.59. This represents a 2.01 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Shyam Sankar sold 5,250,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $70.08, for a total value of $367,920,000.00. Following the sale, the insider now directly owns 752,786 shares of the company’s stock, valued at $52,755,242.88. This represents a 87.46 % decrease in their position. The disclosure for this sale can be found here. In 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 Up 1.4 %

Shares of PLTR opened at $65.91 on Wednesday. The stock’s 50-day moving average price is $69.70 and its two-hundred day moving average price is $46.54. Palantir Technologies Inc. has a 12 month low of $16.03 and a 12 month high of $84.80. The company has a market capitalization of $150.14 billion, a PE ratio of 329.57, a PEG ratio of 10.18 and a beta of 2.82.

Palantir Technologies (NASDAQ:PLTR) last posted its quarterly earnings data on Monday, November 4th. The company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates 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%. The firm’s quarterly revenue was up 30.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.03 earnings per share. Equities research analysts predict that Palantir Technologies Inc. will post 0.21 EPS for the current fiscal year.

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.