Childress Capital Advisors LLC Takes Position in Palantir Technologies Inc. (NASDAQ:PLTR)

Childress Capital Advisors LLC purchased a new position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 4,922 shares of the company’s stock, valued at approximately $372,000.

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

Insider Transactions at Palantir Technologies

In related news, Director Alexandra W. Schiff sold 4,000 shares of Palantir Technologies stock in a transaction that occurred on 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. The trade was a 2.01 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Shyam Sankar sold 5,250,000 shares of Palantir Technologies stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $70.08, for a total value of $367,920,000.00. Following the sale, the insider now owns 752,786 shares of the company’s stock, valued at approximately $52,755,242.88. This represents a 87.46 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 20,153,753 shares of company stock valued at $1,287,042,675 in the last ninety days. 12.93% of the stock is currently owned by company insiders.

Palantir Technologies Stock Up 1.5 %

PLTR opened at $83.74 on Tuesday. The business has a 50 day moving average price of $73.71 and a two-hundred day moving average price of $51.00. Palantir Technologies Inc. has a 52 week low of $16.48 and a 52 week high of $85.22. The company has a market cap of $190.76 billion, a PE ratio of 418.72, a P/E/G ratio of 7.54 and a beta of 2.81.

Palantir Technologies (NASDAQ:PLTR) last issued its quarterly earnings results on Monday, November 4th. The company reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.01. The business had revenue of $725.52 million for the quarter, compared to analyst estimates of $705.11 million. Palantir Technologies had a net margin of 18.01% and a return on equity of 9.94%. The business’s revenue was up 30.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.03 earnings per share. As a group, sell-side analysts expect that Palantir Technologies Inc. will post 0.19 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently commented on PLTR. Cantor Fitzgerald assumed coverage on Palantir Technologies in a report on Friday, January 17th. They set a “neutral” rating and a $72.00 target price for the company. Wedbush lifted their price objective on shares of Palantir Technologies from $75.00 to $90.00 and gave the company an “outperform” rating in a report on Thursday, January 23rd. DA Davidson increased their target price on shares of Palantir Technologies from $28.00 to $47.00 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. Baird R W upgraded shares of Palantir Technologies to a “hold” rating in a research note on Thursday, December 12th. Finally, Argus lowered Palantir Technologies from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. Seven research analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Palantir Technologies has an average rating of “Hold” and an average price target of $44.61.

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.