Advance Capital Management Inc. Invests $405,000 in Palantir Technologies Inc. (NASDAQ:PLTR)

Advance Capital Management Inc. bought a new stake in Palantir Technologies Inc. (NASDAQ:PLTR) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 5,351 shares of the company’s stock, valued at approximately $405,000.

Other large investors have also recently added to or reduced their stakes in the company. Fortem Financial Group LLC lifted its holdings in shares of Palantir Technologies by 1.0% during the 4th quarter. Fortem Financial Group LLC now owns 75,430 shares of the company’s stock worth $5,705,000 after acquiring an additional 710 shares during the period. Iowa State Bank acquired a new stake in shares of Palantir Technologies during the 4th quarter worth $2,222,000. Kings Path Partners LLC purchased a new position in shares of Palantir Technologies in the 4th quarter worth about $76,000. Capital Market Strategies LLC lifted its stake in shares of Palantir Technologies by 8.3% in the 4th quarter. Capital Market Strategies LLC now owns 51,645 shares of the company’s stock valued at $3,906,000 after purchasing an additional 3,941 shares in the last quarter. Finally, Silverleafe Capital Partners LLC purchased a new stake in shares of Palantir Technologies during the 4th quarter worth about $2,889,000. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on PLTR. Argus cut shares of Palantir Technologies from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th. Robert W. Baird started coverage on shares of Palantir Technologies in a research report on Thursday, December 12th. They set a “neutral” rating and a $70.00 price target for the company. Morgan Stanley reissued an “underweight” rating and issued a $60.00 price objective on shares of Palantir Technologies in a research report on Monday. Raymond James downgraded Palantir Technologies from an “outperform” rating to a “market perform” rating in a research report on Monday, September 23rd. Finally, The Goldman Sachs Group raised their target price on Palantir Technologies from $16.00 to $41.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Seven research analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $42.12.

Insider Buying and Selling at Palantir Technologies

In related news, Director Lauren Elaina Friedman Stat sold 7,321 shares of the stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of $43.90, for a total value of $321,391.90. Following the completion of the transaction, the director now directly owns 138,304 shares of the company’s stock, valued at $6,071,545.60. This represents a 5.03 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Stephen Andrew Cohen sold 416,053 shares of the stock in a transaction on Friday, December 13th. The stock was sold at an average price of $74.17, for a total value of $30,858,651.01. Following the completion of the transaction, the insider now directly owns 592 shares of the company’s stock, valued at approximately $43,908.64. The trade was a 99.86 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 23,160,723 shares of company stock worth $1,408,158,941 over the last ninety days. Company insiders own 12.93% of the company’s stock.

Palantir Technologies Stock Down 5.0 %

Shares of PLTR traded down $3.97 during mid-day trading on Monday, hitting $75.92. The stock had a trading volume of 104,456,737 shares, compared to its average volume of 78,256,313. Palantir Technologies Inc. has a fifty-two week low of $16.03 and a fifty-two week high of $84.80. The company has a market cap of $172.95 billion, a PE ratio of 379.62, a PEG ratio of 10.18 and a beta of 2.82. The company’s fifty day simple moving average is $66.28 and its two-hundred day simple moving average is $44.38.

Palantir Technologies (NASDAQ:PLTR) last issued its earnings results on Monday, November 4th. The company reported $0.10 earnings per share 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 company had revenue of $725.52 million for the quarter, compared to analysts’ expectations of $705.11 million. During the same period in the prior year, the company earned $0.03 earnings per share. The firm’s revenue was up 30.0% compared to the same quarter last year. Equities analysts expect that Palantir Technologies Inc. will post 0.21 earnings per share for the current year.

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.