Affinity Wealth Management LLC Buys 1,165 Shares of Palantir Technologies Inc. (NASDAQ:PLTR)

Affinity Wealth Management LLC raised its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 0.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 124,443 shares of the company’s stock after acquiring an additional 1,165 shares during the quarter. Palantir Technologies makes up 1.7% of Affinity Wealth Management LLC’s portfolio, making the stock its 18th largest holding. Affinity Wealth Management LLC’s holdings in Palantir Technologies were worth $9,412,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Thrivent Financial for Lutherans grew its position in Palantir Technologies by 20.9% during the 2nd quarter. Thrivent Financial for Lutherans now owns 52,732 shares of the company’s stock worth $1,336,000 after acquiring an additional 9,109 shares during the last quarter. ProShare Advisors LLC boosted its stake in Palantir Technologies by 14.9% in the second quarter. ProShare Advisors LLC now owns 13,100 shares of the company’s stock worth $332,000 after purchasing an additional 1,702 shares in the last quarter. AXA S.A. grew its holdings in shares of Palantir Technologies by 443.5% during the second quarter. AXA S.A. now owns 116,302 shares of the company’s stock worth $2,946,000 after purchasing an additional 94,903 shares during the last quarter. APG Asset Management N.V. increased its stake in shares of Palantir Technologies by 3.7% in the second quarter. APG Asset Management N.V. now owns 1,308,264 shares of the company’s stock valued at $30,920,000 after buying an additional 47,061 shares in the last quarter. Finally, MBB Public Markets I LLC bought a new position in shares of Palantir Technologies in the second quarter valued at about $3,361,000. Institutional investors and hedge funds own 45.65% of the company’s stock.

Insider Transactions at Palantir Technologies

In other news, Director Lauren Elaina Friedman Stat sold 800 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $76.29, for a total value of $61,032.00. Following the completion of the sale, the director now owns 62,139 shares of the company’s stock, valued at approximately $4,740,584.31. This represents a 1.27 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Alexandra W. Schiff sold 4,000 shares of the stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $71.63, for a total transaction of $286,520.00. Following the completion of the sale, 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 23,518,855 shares of company stock valued at $1,438,682,423 over the last 90 days. 12.93% of the stock is owned by corporate insiders.

Palantir Technologies Price Performance

Palantir Technologies stock opened at $78.98 on Friday. The stock has a market capitalization of $179.92 billion, a PE ratio of 394.92, a price-to-earnings-growth ratio of 7.08 and a beta of 2.82. Palantir Technologies Inc. has a twelve month low of $16.03 and a twelve month high of $84.80. The company has a 50 day moving average of $71.96 and a 200-day moving average of $49.04.

Palantir Technologies (NASDAQ:PLTR) last issued its quarterly earnings results on Monday, November 4th. The company reported $0.10 EPS 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 company had revenue of $725.52 million for the quarter, compared to analyst estimates of $705.11 million. During the same period in the previous year, the company posted $0.03 earnings per share. The company’s quarterly revenue was up 30.0% compared to the same quarter last year. Equities analysts anticipate that Palantir Technologies Inc. will post 0.2 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on PLTR. Robert W. Baird began coverage on shares of Palantir Technologies in a research note on Thursday, December 12th. They set a “neutral” rating and a $70.00 price target on the stock. Jefferies Financial Group lowered Palantir Technologies from a “hold” rating to an “underperform” rating and set a $28.00 price objective for the company. in a research report on Thursday, November 7th. UBS Group initiated coverage on shares of Palantir Technologies in a research report on Thursday, December 19th. They set a “neutral” rating and a $80.00 target price on the stock. The Goldman Sachs Group lifted their price target on shares of Palantir Technologies from $16.00 to $41.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Finally, Mizuho increased their price target on Palantir Technologies from $37.00 to $44.00 and gave the company an “underperform” rating in a research note on Friday, December 13th. Seven equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $44.61.

About Palantir Technologies

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.