Altus Wealth Management LLC Makes New $202,000 Investment in Palantir Technologies Inc. (NASDAQ:PLTR)

Altus Wealth Management LLC bought a new position in shares of Palantir Technologies Inc. (NASDAQ:PLTRFree Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 2,677 shares of the company’s stock, valued at approximately $202,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Bay Rivers Group grew its holdings in Palantir Technologies by 2.7% in the 4th quarter. Bay Rivers Group now owns 6,406 shares of the company’s stock valued at $484,000 after buying an additional 171 shares in the last quarter. Integrity Wealth Solutions LLC bought a new stake in shares of Palantir Technologies in the fourth quarter valued at about $248,000. Nilsine Partners LLC acquired a new position in shares of Palantir Technologies in the fourth quarter valued at about $240,000. Foundations Investment Advisors LLC increased its position in Palantir Technologies by 11.0% during the fourth quarter. Foundations Investment Advisors LLC now owns 68,805 shares of the company’s stock worth $5,204,000 after acquiring an additional 6,807 shares during the period. Finally, Heartland Bank & Trust Co acquired a new stake in Palantir Technologies in the 4th quarter worth about $1,346,000. Institutional investors own 45.65% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on PLTR shares. Cantor Fitzgerald started coverage on shares of Palantir Technologies in a research report on Friday, January 17th. They set a “neutral” rating and a $72.00 target price on the stock. Jefferies Financial Group downgraded Palantir Technologies from a “hold” rating to an “underperform” rating and set a $28.00 price target on the stock. in a research report on Thursday, November 7th. Mizuho raised their price objective on Palantir Technologies from $37.00 to $44.00 and gave the stock an “underperform” rating in a research note on Friday, December 13th. William Blair reiterated an “underperform” rating on shares of Palantir Technologies in a research report on Wednesday, December 18th. Finally, Wedbush raised their price target on Palantir Technologies from $75.00 to $90.00 and gave the stock an “outperform” rating in a research report on Thursday, January 23rd. Seven research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $44.61.

View Our Latest Research Report on Palantir Technologies

Insider Activity

In other news, Director Alexandra W. Schiff sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $71.63, for a total transaction of $286,520.00. Following the completion of the transaction, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Alexander C. Karp sold 4,500,000 shares of Palantir Technologies stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $55.03, for a total value of $247,635,000.00. Following the completion of the transaction, the insider now directly owns 6,432,258 shares in the company, valued at approximately $353,967,157.74. This represents a 41.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 20,181,807 shares of company stock valued at $1,288,448,522. Insiders own 12.93% of the company’s stock.

Palantir Technologies Stock Down 4.5 %

Shares of PLTR stock opened at $75.43 on Tuesday. Palantir Technologies Inc. has a twelve month low of $16.03 and a twelve month high of $84.80. The stock’s fifty day simple moving average is $71.96 and its 200 day simple moving average is $49.18. The firm has a market capitalization of $171.82 billion, a P/E ratio of 377.15, a P/E/G ratio of 7.08 and a beta of 2.82.

Palantir Technologies (NASDAQ:PLTRGet Free Report) last released its quarterly earnings results on Monday, November 4th. The company reported $0.10 earnings per share for the quarter, topping the consensus estimate 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 analysts’ expectations of $705.11 million. During the same period in the previous year, the business posted $0.03 earnings per share. The business’s quarterly revenue was up 30.0% compared to the same quarter last year. As a group, equities research analysts expect that Palantir Technologies Inc. will post 0.2 EPS for the current fiscal year.

Palantir Technologies Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Palantir Technologies (NASDAQ:PLTR)

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