3,176 Shares in Palantir Technologies Inc. (NASDAQ:PLTR) Bought by Resonant Capital Advisors LLC

Resonant Capital Advisors LLC bought a new position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) in the fourth quarter, HoldingsChannel reports. The fund bought 3,176 shares of the company’s stock, valued at approximately $240,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Sanctuary Advisors LLC purchased a new stake in Palantir Technologies in the second quarter valued at $3,587,000. Czech National Bank purchased a new stake in Palantir Technologies in the third quarter valued at $15,261,000. GAMMA Investing LLC lifted its position in Palantir Technologies by 83.9% in the third quarter. GAMMA Investing LLC now owns 5,713 shares of the company’s stock valued at $213,000 after acquiring an additional 2,607 shares during the last quarter. Azzad Asset Management Inc. ADV purchased a new stake in Palantir Technologies in the third quarter valued at $209,000. Finally, Diversified Trust Co lifted its position in Palantir Technologies by 172.7% in the third quarter. Diversified Trust Co now owns 21,559 shares of the company’s stock valued at $802,000 after acquiring an additional 13,652 shares during the last quarter. Institutional investors and hedge funds own 45.65% of the company’s stock.

Insider Activity

In related news, Director Alexandra W. Schiff sold 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of $71.63, for a total transaction 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Lauren Elaina Friedman Stat sold 800 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $76.29, for a total transaction of $61,032.00. Following the transaction, the director now directly owns 62,139 shares of the company’s stock, valued at $4,740,584.31. This trade represents a 1.27 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 20,153,753 shares of company stock valued at $1,287,042,675 over the last quarter. Company insiders own 12.93% of the company’s stock.

Palantir Technologies Price Performance

PLTR stock opened at $83.74 on Tuesday. The company’s 50 day simple moving average is $73.71 and its 200-day simple moving average is $51.00. The firm has a market capitalization of $190.76 billion, a PE ratio of 418.72, a P/E/G ratio of 7.54 and a beta of 2.82. Palantir Technologies Inc. has a 12 month low of $16.48 and a 12 month high of $85.22.

Palantir Technologies (NASDAQ:PLTR) last released its quarterly earnings results on Monday, November 4th. The company reported $0.10 EPS for the quarter, beating the consensus estimate of $0.09 by $0.01. Palantir Technologies had a net margin of 18.01% and a return on equity of 9.94%. The business had revenue of $725.52 million for the quarter, compared to analyst estimates of $705.11 million. During the same period in the prior year, the business earned $0.03 earnings per share. The company’s quarterly revenue was up 30.0% on a year-over-year basis. As a group, sell-side analysts anticipate that Palantir Technologies Inc. will post 0.19 earnings per share for the current year.

Analysts Set New Price Targets

PLTR has been the subject of a number of research reports. Wedbush upped their target price on shares of Palantir Technologies from $75.00 to $90.00 and gave the company an “outperform” rating in a report on Thursday, January 23rd. UBS Group initiated coverage on shares of Palantir Technologies in a report on Thursday, December 19th. They issued a “neutral” rating and a $80.00 target price for the company. William Blair reaffirmed an “underperform” rating on shares of Palantir Technologies in a report on Wednesday, December 18th. Robert W. Baird initiated coverage on shares of Palantir Technologies in a report on Thursday, December 12th. They issued a “neutral” rating and a $70.00 target price for the company. Finally, Jefferies Financial Group cut shares of Palantir Technologies from a “hold” rating to an “underperform” rating and set a $28.00 target price for the company. in a report on Thursday, November 7th. Seven equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and two have given a buy rating to the stock. According to MarketBeat, Palantir Technologies presently has an average rating of “Hold” and a consensus price target of $44.61.

Palantir Technologies 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.