Parisi Gray Wealth Management Purchases 2,095 Shares of Palantir Technologies Inc. (NYSE:PLTR)

Parisi Gray Wealth Management increased its position in shares of Palantir Technologies Inc. (NYSE:PLTR) by 2.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 86,753 shares of the company’s stock after buying an additional 2,095 shares during the period. Parisi Gray Wealth Management’s holdings in Palantir Technologies were worth $1,490,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Palantir Technologies by 11.1% during the 3rd quarter. Vanguard Group Inc. now owns 187,338,667 shares of the company’s stock worth $2,997,419,000 after buying an additional 18,756,392 shares during the period. BlackRock Inc. boosted its holdings in Palantir Technologies by 4.5% in the 2nd quarter. BlackRock Inc. now owns 103,052,030 shares of the company’s stock valued at $1,579,788,000 after purchasing an additional 4,420,419 shares during the period. State Street Corp boosted its holdings in Palantir Technologies by 0.9% in the 2nd quarter. State Street Corp now owns 35,816,153 shares of the company’s stock valued at $549,062,000 after purchasing an additional 312,531 shares during the period. Geode Capital Management LLC boosted its holdings in Palantir Technologies by 3.3% in the 1st quarter. Geode Capital Management LLC now owns 23,712,480 shares of the company’s stock valued at $200,086,000 after purchasing an additional 747,652 shares during the period. Finally, Morgan Stanley boosted its holdings in Palantir Technologies by 26.1% in the 3rd quarter. Morgan Stanley now owns 22,614,555 shares of the company’s stock valued at $361,833,000 after purchasing an additional 4,675,824 shares during the period. 45.65% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have weighed in on PLTR. Monness Crespi & Hardt downgraded shares of Palantir Technologies from a “neutral” rating to a “sell” rating and set a $20.00 price target for the company. in a report on Thursday. HSBC downgraded shares of Palantir Technologies from a “buy” rating to a “hold” rating and set a $22.00 price objective for the company. in a report on Wednesday, February 14th. Mizuho raised their price objective on shares of Palantir Technologies from $18.00 to $21.00 and gave the stock a “neutral” rating in a report on Thursday, March 7th. Jefferies Financial Group raised shares of Palantir Technologies from an “underperform” rating to a “hold” rating and raised their price objective for the stock from $13.00 to $22.00 in a report on Tuesday, February 6th. Finally, Royal Bank of Canada reaffirmed an “underperform” rating and set a $5.00 price objective on shares of Palantir Technologies in a report on Tuesday, February 6th. Four equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $18.35.

Palantir Technologies Stock Performance

PLTR traded down $0.72 during midday trading on Thursday, hitting $23.79. The company had a trading volume of 11,640,344 shares, compared to its average volume of 70,870,023. The company has a market capitalization of $52.64 billion, a PE ratio of 272.25, a P/E/G ratio of 6.10 and a beta of 2.82. Palantir Technologies Inc. has a twelve month low of $7.28 and a twelve month high of $27.50. The firm’s 50-day simple moving average is $22.40 and its 200-day simple moving average is $19.03.

Palantir Technologies (NYSE:PLTR) last posted its quarterly earnings data on Monday, February 5th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.01). The company had revenue of $608.35 million during the quarter, compared to analyst estimates of $603.48 million. Palantir Technologies had a net margin of 9.43% and a return on equity of 6.17%. As a group, sell-side analysts anticipate that Palantir Technologies Inc. will post 0.16 EPS for the current fiscal year.

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, Director Peter Thiel sold 7,044,756 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $24.79, for a total value of $174,639,501.24. Following the completion of the sale, the director now owns 70,806,432 shares in the company, valued at approximately $1,755,291,449.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Alexandra W. Schiff sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, January 3rd. The shares were sold at an average price of $16.11, for a total value of $64,440.00. Following the transaction, the director now owns 200,783 shares of the company’s stock, valued at approximately $3,234,614.13. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Peter Thiel sold 7,044,756 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $24.79, for a total transaction of $174,639,501.24. Following the completion of the transaction, the director now directly owns 70,806,432 shares in the company, valued at approximately $1,755,291,449.28. The disclosure for this sale can be found here. In the last 90 days, insiders sold 7,455,273 shares of company stock worth $184,293,942. 13.96% of the stock is currently owned by corporate insiders.

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.