Rik Saylor Financial Inc. Acquires New Shares in Palantir Technologies Inc. (NASDAQ:PLTR)

Rik Saylor Financial Inc. bought a new position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 6,517 shares of the company’s stock, valued at approximately $493,000.

A number of other hedge funds have also modified their holdings of PLTR. Czech National Bank bought a new position in Palantir Technologies during the 3rd quarter worth approximately $15,261,000. GAMMA Investing LLC boosted its position in shares of Palantir Technologies by 83.9% during the third quarter. GAMMA Investing LLC now owns 5,713 shares of the company’s stock worth $213,000 after purchasing an additional 2,607 shares in the last quarter. Azzad Asset Management Inc. ADV bought a new position in shares of Palantir Technologies during the third quarter worth $209,000. Diversified Trust Co boosted its position in shares of Palantir Technologies by 172.7% during the third quarter. Diversified Trust Co now owns 21,559 shares of the company’s stock worth $802,000 after purchasing an additional 13,652 shares in the last quarter. Finally, Miracle Mile Advisors LLC lifted its holdings in Palantir Technologies by 8.6% during the third quarter. Miracle Mile Advisors LLC now owns 16,308 shares of the company’s stock worth $607,000 after acquiring an additional 1,298 shares in the last quarter. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Palantir Technologies

In other news, Director Lauren Elaina Friedman Stat sold 8,860 shares of Palantir Technologies stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $58.06, for a total value of $514,411.60. Following the completion of the sale, the director now directly owns 121,390 shares in the company, valued at approximately $7,047,903.40. The trade was a 6.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Alexandra W. Schiff sold 4,000 shares of Palantir Technologies stock in a transaction on 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 transaction, the director now directly owns 195,393 shares of the company’s stock, valued at $13,996,000.59. This represents a 2.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 15,653,753 shares of company stock valued at $1,039,407,675 in the last three months. 12.93% of the stock is currently owned by company insiders.

Palantir Technologies Stock Performance

Shares of PLTR stock opened at $101.36 on Thursday. The firm’s 50-day moving average is $75.56 and its 200-day moving average is $52.26. The stock 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 52-week low of $19.76 and a 52-week high of $106.91.

Palantir Technologies (NASDAQ:PLTR) last posted its quarterly 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. The business had revenue of $725.52 million for the quarter, compared to analysts’ expectations of $705.11 million. Palantir Technologies had a return on equity of 9.94% and a net margin of 18.01%. The firm’s revenue for the quarter was up 30.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.03 EPS. Sell-side analysts predict that Palantir Technologies Inc. will post 0.19 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have weighed in on PLTR. Mizuho lifted their target price on Palantir Technologies from $44.00 to $80.00 and gave the stock an “underperform” rating in a report on Tuesday. DA Davidson lifted their price target on shares of Palantir Technologies from $47.00 to $105.00 and gave the company a “neutral” rating in a research note on Tuesday. UBS Group lifted their price target on shares of Palantir Technologies from $80.00 to $105.00 and gave the company a “neutral” rating in a research note on Tuesday. Wedbush upped their target price on shares of Palantir Technologies from $75.00 to $90.00 and gave the stock an “outperform” rating in a research note on Thursday, January 23rd. Finally, Jefferies Financial Group upped their target price on shares of Palantir Technologies from $28.00 to $60.00 and gave the stock an “underperform” rating in a research note on Tuesday. Six equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $69.44.

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.