Patriot Financial Group Insurance Agency LLC Purchases 1,755 Shares of Palantir Technologies Inc. (NASDAQ:PLTR)

Patriot Financial Group Insurance Agency LLC raised its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 10.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 17,811 shares of the company’s stock after buying an additional 1,755 shares during the period. Patriot Financial Group Insurance Agency LLC’s holdings in Palantir Technologies were worth $1,347,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of PLTR. Thrivent Financial for Lutherans boosted its stake in Palantir Technologies by 20.9% in the second quarter. Thrivent Financial for Lutherans now owns 52,732 shares of the company’s stock valued at $1,336,000 after acquiring an additional 9,109 shares during the last quarter. ProShare Advisors LLC raised its position in shares of Palantir Technologies by 14.9% in the second quarter. ProShare Advisors LLC now owns 13,100 shares of the company’s stock valued at $332,000 after purchasing an additional 1,702 shares during the period. AXA S.A. lifted its stake in shares of Palantir Technologies by 443.5% during the 2nd quarter. AXA S.A. now owns 116,302 shares of the company’s stock valued at $2,946,000 after buying an additional 94,903 shares in the last quarter. Magnolia Capital Advisors LLC bought a new stake in Palantir Technologies during the 2nd quarter valued at $381,000. Finally, Nemes Rush Group LLC raised its stake in shares of Palantir Technologies by 28.3% during the 2nd quarter. Nemes Rush Group LLC now owns 10,196 shares of the company’s stock valued at $258,000 after purchasing an additional 2,250 shares during the period. Institutional investors own 45.65% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on PLTR shares. Morgan Stanley reaffirmed an “underweight” rating and set a $60.00 target price on shares of Palantir Technologies in a report on Monday, January 6th. Jefferies Financial Group cut shares of Palantir Technologies from a “hold” rating to an “underperform” rating and set a $28.00 price target for the company. in a research note on Thursday, November 7th. Northland Securities raised their price objective on shares of Palantir Technologies from $35.00 to $38.00 and gave the company a “market perform” rating in a research report on Tuesday, November 5th. Robert W. Baird began coverage on Palantir Technologies in a research note on Thursday, December 12th. They issued a “neutral” rating and a $70.00 target price on the stock. Finally, Argus lowered Palantir Technologies from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. Seven research analysts have rated the stock with a sell rating, twelve have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $44.61.

Palantir Technologies Stock Performance

Shares of Palantir Technologies stock opened at $75.93 on Tuesday. The stock has a market capitalization of $172.97 billion, a PE ratio of 377.15, a price-to-earnings-growth ratio of 7.08 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 has a 50-day simple moving average of $72.25 and a two-hundred day simple moving average of $49.52.

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

Insiders Place Their Bets

In related news, Director Lauren Elaina Friedman Stat sold 8,054 shares of Palantir Technologies stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $50.49, for a total transaction of $406,646.46. Following the completion of the sale, the director now owns 130,250 shares in the company, valued at $6,576,322.50. This trade represents a 5.82 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Alexandra W. Schiff sold 4,000 shares of the business’s stock in a transaction dated 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 sold 20,181,807 shares of company stock valued at $1,288,448,522 in the last three months. Corporate insiders own 12.93% of the company’s stock.

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.