Sebold Capital Management Inc. Has $578,000 Position in Palantir Technologies Inc. (NASDAQ:PLTR)

Sebold Capital Management Inc. lessened its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 12.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 7,643 shares of the company’s stock after selling 1,063 shares during the quarter. Sebold Capital Management Inc.’s holdings in Palantir Technologies were worth $578,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of PLTR. Wolff Wiese Magana LLC raised its stake in Palantir Technologies by 230.4% in the 4th quarter. Wolff Wiese Magana LLC now owns 380 shares of the company’s stock worth $29,000 after purchasing an additional 265 shares in the last quarter. Northwest Investment Counselors LLC acquired a new stake in Palantir Technologies in the 3rd quarter worth about $25,000. Prestige Wealth Management Group LLC raised its stake in Palantir Technologies by 747.1% in the 3rd quarter. Prestige Wealth Management Group LLC now owns 737 shares of the company’s stock worth $27,000 after purchasing an additional 650 shares in the last quarter. PSI Advisors LLC raised its stake in Palantir Technologies by 99.7% in the 4th quarter. PSI Advisors LLC now owns 795 shares of the company’s stock worth $60,000 after purchasing an additional 397 shares in the last quarter. Finally, Kings Path Partners LLC acquired a new stake in Palantir Technologies in the 4th quarter worth about $76,000. Institutional investors and hedge funds own 45.65% of the company’s stock.

Palantir Technologies Stock Performance

Shares of NASDAQ PLTR opened at $68.14 on Thursday. The company has a market capitalization of $155.22 billion, a P/E ratio of 340.72, a price-to-earnings-growth ratio of 6.24 and a beta of 2.82. Palantir Technologies Inc. has a 52-week low of $16.03 and a 52-week high of $84.80. The company’s 50 day moving average price is $69.70 and its 200-day moving average price is $46.54.

Palantir Technologies (NASDAQ:PLTR) last released its quarterly earnings data on Monday, November 4th. The company reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.01. The firm had revenue of $725.52 million for the quarter, compared to the consensus estimate of $705.11 million. Palantir Technologies had a net margin of 18.01% and a return on equity of 9.94%. The business’s revenue was up 30.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.03 earnings per share. Analysts forecast that Palantir Technologies Inc. will post 0.2 earnings per share for the current year.

Insider Activity

In other Palantir Technologies news, insider Alexander C. Karp sold 3,337,048 shares of the stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $45.02, for a total transaction of $150,233,900.96. Following the completion of the transaction, the insider now owns 6,432,258 shares in the company, valued at $289,580,255.16. This trade represents a 34.16 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Ryan D. Taylor sold 123,334 shares of the stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $45.00, for a total transaction of $5,550,030.00. Following the transaction, the insider now owns 331,369 shares of the company’s stock, valued at $14,911,605. This represents a 27.12 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 23,642,189 shares of company stock worth $1,444,232,453 over the last quarter. Insiders own 12.93% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on PLTR shares. Wedbush raised their target price on shares of Palantir Technologies from $57.00 to $75.00 and gave the company an “outperform” rating in a report on Monday, November 25th. Northland Securities raised their target price on shares of Palantir Technologies from $35.00 to $38.00 and gave the company a “market perform” rating in a report on Tuesday, November 5th. Mizuho raised their target price on shares of Palantir Technologies from $37.00 to $44.00 and gave the company an “underperform” rating in a report on Friday, December 13th. DA Davidson raised their target price on shares of Palantir Technologies from $28.00 to $47.00 and gave the company a “neutral” rating in a report on Tuesday, November 5th. Finally, UBS Group started coverage on shares of Palantir Technologies in a report on Thursday, December 19th. They set a “neutral” rating and a $80.00 price target on the stock. Seven analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $42.12.

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.