Larson Financial Group LLC Boosts Stock Position in Palantir Technologies Inc. (NYSE:PLTR)

Larson Financial Group LLC grew its holdings in shares of Palantir Technologies Inc. (NYSE:PLTR) by 15.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,142 shares of the company’s stock after buying an additional 681 shares during the quarter. Larson Financial Group LLC’s holdings in Palantir Technologies were worth $88,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Fiduciary Alliance LLC raised its stake in Palantir Technologies by 1.0% during the fourth quarter. Fiduciary Alliance LLC now owns 60,776 shares of the company’s stock valued at $1,044,000 after buying an additional 618 shares in the last quarter. Valeo Financial Advisors LLC raised its position in shares of Palantir Technologies by 2.2% during the 4th quarter. Valeo Financial Advisors LLC now owns 31,371 shares of the company’s stock valued at $539,000 after acquiring an additional 675 shares in the last quarter. Truvestments Capital LLC lifted its stake in Palantir Technologies by 74.9% during the third quarter. Truvestments Capital LLC now owns 1,635 shares of the company’s stock worth $26,000 after purchasing an additional 700 shares during the last quarter. Everhart Financial Group Inc. boosted its holdings in Palantir Technologies by 6.1% in the fourth quarter. Everhart Financial Group Inc. now owns 12,730 shares of the company’s stock worth $219,000 after purchasing an additional 734 shares during the period. Finally, Yousif Capital Management LLC increased its stake in Palantir Technologies by 4.3% during the third quarter. Yousif Capital Management LLC now owns 18,227 shares of the company’s stock valued at $292,000 after purchasing an additional 750 shares during the last quarter. Institutional investors and hedge funds own 45.65% of the company’s stock.

Palantir Technologies Trading Up 0.6 %

NYSE PLTR opened at $21.71 on Friday. Palantir Technologies Inc. has a 1 year low of $7.28 and a 1 year high of $27.50. The company has a market cap of $48.04 billion, a PE ratio of 241.25, a PEG ratio of 5.29 and a beta of 2.78. The stock’s 50-day moving average price is $23.49 and its two-hundred day moving average price is $20.01.

Palantir Technologies (NYSE:PLTR) last released its quarterly earnings results on Monday, February 5th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). Palantir Technologies had a net margin of 9.43% and a return on equity of 6.17%. The firm had revenue of $608.35 million for the quarter, compared to analyst estimates of $603.48 million. Research analysts forecast that Palantir Technologies Inc. will post 0.16 EPS for the current fiscal year.

Insider Activity

In other news, Director Alexandra W. Schiff sold 5,000 shares of Palantir Technologies stock in a transaction on Monday, April 1st. The stock was sold at an average price of $22.74, for a total transaction of $113,700.00. Following the transaction, the director now owns 186,783 shares in the company, valued at $4,247,445.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Palantir Technologies news, insider Shyam Sankar sold 29,168 shares of the stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $25.00, for a total value of $729,200.00. Following the completion of the sale, the insider now owns 752,786 shares in the company, valued at approximately $18,819,650. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Alexandra W. Schiff sold 5,000 shares of the business’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $22.74, for a total transaction of $113,700.00. Following the transaction, the director now owns 186,783 shares in the company, valued at $4,247,445.42. The disclosure for this sale can be found here. Insiders sold 7,456,273 shares of company stock worth $184,343,202 over the last quarter. Corporate insiders own 13.96% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on PLTR. Monness Crespi & Hardt lowered 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, March 28th. Bank of America boosted their target price on Palantir Technologies from $24.00 to $28.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. Royal Bank of Canada reiterated an “underperform” rating and set a $5.00 price target on shares of Palantir Technologies in a research report on Tuesday, February 6th. Mizuho raised their target price on Palantir Technologies from $18.00 to $21.00 and gave the company a “neutral” rating in a research note on Thursday, March 7th. Finally, Wedbush reiterated an “outperform” rating and issued a $35.00 price target (up from $30.00) on shares of Palantir Technologies in a research report on Friday, March 8th. 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, Palantir Technologies presently has an average rating of “Hold” and a consensus target price of $18.35.

About Palantir Technologies

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.