Capital Planning Advisors LLC Makes New Investment in Palantir Technologies Inc. (NASDAQ:PLTR)

Capital Planning Advisors LLC bought a new stake in Palantir Technologies Inc. (NASDAQ:PLTR) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 7,431 shares of the company’s stock, valued at approximately $562,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Burr Financial Services LLC bought a new position in shares of Palantir Technologies in the fourth quarter worth about $11,698,000. Teamwork Financial Advisors LLC bought a new position in Palantir Technologies in the 4th quarter worth approximately $252,000. Raleigh Capital Management Inc. lifted its holdings in Palantir Technologies by 123.4% during the 4th quarter. Raleigh Capital Management Inc. now owns 4,404 shares of the company’s stock worth $333,000 after buying an additional 2,433 shares in the last quarter. D.B. Root & Company LLC bought a new position in Palantir Technologies in the 4th quarter valued at $225,000. Finally, Mutual Advisors LLC increased its stake in shares of Palantir Technologies by 22.8% in the 4th quarter. Mutual Advisors LLC now owns 63,108 shares of the company’s stock valued at $4,370,000 after buying an additional 11,710 shares during the period. Institutional investors and hedge funds own 45.65% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on PLTR shares. UBS Group started coverage on Palantir Technologies in a report on Thursday, December 19th. They issued a “neutral” rating and a $80.00 price target on the stock. Cantor Fitzgerald began coverage on shares of Palantir Technologies in a research note on Friday, January 17th. They set a “neutral” rating and a $72.00 price target for the company. The Goldman Sachs Group raised their price objective on shares of Palantir Technologies from $16.00 to $41.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Mizuho upped their target price on shares of Palantir Technologies from $37.00 to $44.00 and gave the company an “underperform” rating in a research report on Friday, December 13th. Finally, Wedbush raised their price target on Palantir Technologies from $57.00 to $75.00 and gave the stock an “outperform” rating in a research report on Monday, November 25th. Seven analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $43.78.

Palantir Technologies Trading Up 5.2 %

Shares of NASDAQ PLTR opened at $76.87 on Thursday. The company has a fifty day moving average price of $71.30 and a 200 day moving average price of $48.32. The firm has a market cap of $175.11 billion, a PE ratio of 384.37, a PEG ratio of 6.73 and a beta of 2.82. Palantir Technologies Inc. has a 1-year low of $16.03 and a 1-year high of $84.80.

Palantir Technologies (NASDAQ:PLTR) last announced its earnings results on Monday, November 4th. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01. The business had revenue of $725.52 million for the quarter, compared to analyst estimates of $705.11 million. Palantir Technologies had a return on equity of 9.94% and a net margin of 18.01%. Palantir Technologies’s revenue for the quarter was up 30.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.03 EPS. Equities research analysts forecast that Palantir Technologies Inc. will post 0.2 EPS for the current year.

Insider Transactions at Palantir Technologies

In related news, Director Lauren Elaina Friedman Stat sold 800 shares of the company’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $76.29, for a total transaction of $61,032.00. Following the sale, the director now owns 62,139 shares in the company, valued at approximately $4,740,584.31. This represents a 1.27 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Alexandra W. Schiff sold 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of $71.63, for a total value of $286,520.00. Following the completion of the transaction, the director now owns 195,393 shares of the company’s stock, valued at approximately $13,996,000.59. This represents a 2.01 % 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 valued at $1,444,232,453 over the last 90 days. 12.93% of the stock is owned by corporate insiders.

Palantir Technologies Company 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.