Fiduciary Alliance LLC Increases Stock Holdings in Palantir Technologies Inc. (NASDAQ:PLTR)

Fiduciary Alliance LLC boosted its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 38.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 159,476 shares of the company’s stock after acquiring an additional 44,101 shares during the quarter. Palantir Technologies accounts for approximately 1.2% of Fiduciary Alliance LLC’s investment portfolio, making the stock its 15th biggest position. Fiduciary Alliance LLC’s holdings in Palantir Technologies were worth $12,061,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. LPL Financial LLC boosted its stake in shares of Palantir Technologies by 16.6% in the 2nd quarter. LPL Financial LLC now owns 2,524,730 shares of the company’s stock valued at $63,951,000 after buying an additional 360,008 shares during the period. BOKF NA boosted its stake in shares of Palantir Technologies by 2.3% in the 2nd quarter. BOKF NA now owns 30,739 shares of the company’s stock valued at $779,000 after buying an additional 700 shares during the period. DekaBank Deutsche Girozentrale boosted its stake in shares of Palantir Technologies by 107.4% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 478,345 shares of the company’s stock valued at $12,164,000 after buying an additional 247,681 shares during the period. Meeder Advisory Services Inc. boosted its stake in shares of Palantir Technologies by 60.4% in the 2nd quarter. Meeder Advisory Services Inc. now owns 31,981 shares of the company’s stock valued at $810,000 after buying an additional 12,043 shares during the period. Finally, Federated Hermes Inc. boosted its stake in shares of Palantir Technologies by 0.3% in the 2nd quarter. Federated Hermes Inc. now owns 431,667 shares of the company’s stock valued at $10,934,000 after buying an additional 1,321 shares during the period. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Palantir Technologies Price Performance

Shares of NASDAQ:PLTR traded down $2.64 during trading on Monday, reaching $64.62. The company had a trading volume of 22,313,857 shares, compared to its average volume of 74,115,203. The firm has a market capitalization of $147.21 billion, a price-to-earnings ratio of 323.12, a price-to-earnings-growth ratio of 10.18 and a beta of 2.82. The stock’s fifty day moving average price is $68.93 and its 200 day moving average price is $45.98. Palantir Technologies Inc. has a fifty-two week low of $16.03 and a fifty-two week high of $84.80.

Palantir Technologies (NASDAQ:PLTR) last posted its quarterly earnings results on Monday, November 4th. The company reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01. Palantir Technologies had a return on equity of 9.94% and a net margin of 18.01%. The firm had revenue of $725.52 million for the quarter, compared to the consensus estimate of $705.11 million. During the same period in the previous year, the business earned $0.03 earnings per share. The company’s revenue for the quarter was up 30.0% compared to the same quarter last year. On average, equities analysts anticipate that Palantir Technologies Inc. will post 0.21 EPS for the current fiscal year.

Analysts Set New Price Targets

PLTR has been the subject of several recent research reports. Jefferies Financial Group cut Palantir Technologies from a “hold” rating to an “underperform” rating and set a $28.00 price objective for the company. in a research note on Thursday, November 7th. 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. DA Davidson boosted their target price on Palantir Technologies from $28.00 to $47.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 5th. Argus cut Palantir Technologies from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. Finally, UBS Group began coverage on Palantir Technologies in a research note on Thursday, December 19th. They set a “neutral” rating and a $80.00 target price for the company. Seven analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, Palantir Technologies presently has an average rating of “Hold” and a consensus target price of $42.12.

Insider Activity at Palantir Technologies

In other Palantir Technologies news, insider Stephen Andrew Cohen sold 450,000 shares of the business’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $70.95, for a total transaction of $31,927,500.00. Following the sale, the insider now directly owns 592 shares in the company, valued at approximately $42,002.40. The trade was a 99.87 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Shyam Sankar sold 5,250,000 shares of the business’s stock in a transaction 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 owns 752,786 shares in the company, valued at approximately $52,755,242.88. The trade was a 87.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 23,642,189 shares of company stock worth $1,444,232,453 over the last three months. 12.93% of the stock is currently owned by corporate insiders.

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.