Snowden Capital Advisors LLC Has $26.41 Million Stock Position in Palantir Technologies Inc. (NASDAQ:PLTR)

Snowden Capital Advisors LLC reduced its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 13.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 349,157 shares of the company’s stock after selling 53,790 shares during the period. Palantir Technologies makes up approximately 0.8% of Snowden Capital Advisors LLC’s holdings, making the stock its 14th largest holding. Snowden Capital Advisors LLC’s holdings in Palantir Technologies were worth $26,407,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of PLTR. Roxbury Financial LLC bought a new position in shares of Palantir Technologies during the fourth quarter valued at $27,000. First PREMIER Bank bought a new stake in Palantir Technologies during the fourth quarter worth about $28,000. HighMark Wealth Management LLC grew its stake in Palantir Technologies by 73.5% during the fourth quarter. HighMark Wealth Management LLC now owns 392 shares of the company’s stock worth $30,000 after buying an additional 166 shares during the last quarter. Sierra Ocean LLC acquired a new stake in shares of Palantir Technologies during the fourth quarter worth approximately $31,000. Finally, R Squared Ltd bought a new position in shares of Palantir Technologies in the fourth quarter valued at approximately $33,000. 45.65% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on PLTR shares. Wedbush set a $140.00 price target on Palantir Technologies and gave the company an “outperform” rating in a report on Tuesday, May 6th. Morgan Stanley lifted their price target on Palantir Technologies from $90.00 to $98.00 and gave the company an “equal weight” rating in a report on Tuesday, May 6th. Robert W. Baird increased their price objective on shares of Palantir Technologies from $70.00 to $100.00 and gave the stock a “neutral” rating in a report on Tuesday, February 4th. Northland Securities upped their target price on shares of Palantir Technologies from $38.00 to $80.00 and gave the stock a “market perform” rating in a research report on Tuesday, February 4th. Finally, The Goldman Sachs Group raised their price target on shares of Palantir Technologies from $80.00 to $90.00 and gave the company a “neutral” rating in a report on Tuesday, May 6th. Five research analysts have rated the stock with a sell rating, fifteen have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $83.95.

Insider Buying and Selling at Palantir Technologies

In other news, insider Shyam Sankar sold 30,000 shares of the business’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $92.43, for a total value of $2,772,900.00. Following the sale, the insider now directly owns 702,786 shares in the company, valued at $64,958,509.98. The trade was a 4.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Heather A. Planishek sold 18,537 shares of the stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $102.32, for a total value of $1,896,705.84. Following the transaction, the insider now owns 493,469 shares of the company’s stock, valued at approximately $50,491,748.08. The trade was a 3.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,964,290 shares of company stock valued at $250,504,866. 12.93% of the stock is currently owned by corporate insiders.

Palantir Technologies Stock Down 1.6%

PLTR opened at $128.12 on Friday. The stock has a market cap of $300.49 billion, a P/E ratio of 674.35, a P/E/G ratio of 10.84 and a beta of 2.68. Palantir Technologies Inc. has a 12 month low of $20.63 and a 12 month high of $133.49. The company has a fifty day simple moving average of $97.69 and a 200 day simple moving average of $84.26.

Palantir Technologies (NASDAQ:PLTR) last announced its quarterly earnings results on Monday, May 5th. The company reported $0.13 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.13. Palantir Technologies had a return on equity of 6.85% and a net margin of 16.13%. The company had revenue of $883.86 million during the quarter, compared to the consensus estimate of $863.89 million. During the same period in the prior year, the company earned $0.08 earnings per share. The company’s revenue for the quarter was up 39.4% compared to the same quarter last year. On average, equities research analysts expect that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

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.