Choreo LLC Has $4.19 Million Stock Holdings in Palantir Technologies Inc. (NASDAQ:PLTR)

Choreo LLC grew its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 12.0% in the 4th quarter, Holdings Channel.com reports. The fund owned 54,606 shares of the company’s stock after purchasing an additional 5,863 shares during the quarter. Choreo LLC’s holdings in Palantir Technologies were worth $4,193,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. First PREMIER Bank bought a new position in Palantir Technologies in the fourth quarter valued at approximately $28,000. Wolff Wiese Magana LLC boosted its holdings in shares of Palantir Technologies by 230.4% in the 4th quarter. Wolff Wiese Magana LLC now owns 380 shares of the company’s stock valued at $29,000 after buying an additional 265 shares during the last quarter. R Squared Ltd bought a new position in shares of Palantir Technologies in the fourth quarter valued at $33,000. Valley National Advisers Inc. increased its holdings in Palantir Technologies by 181.3% during the fourth quarter. Valley National Advisers Inc. now owns 512 shares of the company’s stock worth $38,000 after buying an additional 330 shares during the last quarter. Finally, Concord Wealth Partners raised its position in Palantir Technologies by 132.2% during the fourth quarter. Concord Wealth Partners now owns 527 shares of the company’s stock worth $40,000 after acquiring an additional 300 shares in the last quarter. Institutional investors and hedge funds own 45.65% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on PLTR shares. Cantor Fitzgerald lifted their price objective on shares of Palantir Technologies from $72.00 to $98.00 and gave the company a “neutral” rating in a research report on Tuesday. Argus cut Palantir Technologies from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. UBS Group upped their price objective on Palantir Technologies from $80.00 to $105.00 and gave the company a “neutral” rating in a research note on Tuesday. DA Davidson lifted their target price on Palantir Technologies from $47.00 to $105.00 and gave the stock a “neutral” rating in a research note on Tuesday. Finally, The Goldman Sachs Group increased their price target on Palantir Technologies from $16.00 to $41.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Six research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $69.44.

Palantir Technologies Trading Down 2.4 %

NASDAQ PLTR opened at $101.36 on Thursday. The company has a market cap of $230.90 billion, a price-to-earnings ratio of 506.83, a PEG ratio of 7.54 and a beta of 2.81. Palantir Technologies Inc. has a 1-year low of $19.76 and a 1-year high of $106.91. The company has a 50 day moving average of $74.85 and a 200-day moving average of $51.92.

Palantir Technologies (NASDAQ:PLTR) last released its 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 during the quarter, compared to the consensus estimate of $705.11 million. During the same period in the prior year, the company posted $0.03 EPS. The company’s revenue was up 30.0% compared to the same quarter last year. On average, equities research analysts forecast that Palantir Technologies Inc. will post 0.19 earnings per share for the current year.

Insider Activity at Palantir Technologies

In other news, Director Lauren Elaina Friedman Stat sold 10,721 shares of the business’s stock in a transaction on Friday, December 6th. The stock was sold at an average price of $76.78, for a total transaction of $823,158.38. Following the completion of the transaction, the director now owns 100,923 shares of the company’s stock, valued at approximately $7,748,867.94. The trade was a 9.60 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Alexandra W. Schiff sold 4,000 shares of the firm’s stock in a transaction dated 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 sale, the director now directly owns 195,393 shares in the company, valued at $13,996,000.59. This trade represents a 2.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 15,653,753 shares of company stock valued at $1,039,407,675 over the last quarter. 12.93% of the stock is 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.