Palantir Technologies Inc. (NASDAQ:PLTR) Stake Lifted by Howard Financial Services LTD.

Howard Financial Services LTD. raised its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 3.5% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 14,567 shares of the company’s stock after purchasing an additional 486 shares during the quarter. Howard Financial Services LTD.’s holdings in Palantir Technologies were worth $1,102,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Dimensional Fund Advisors LP grew its stake in Palantir Technologies by 10.7% in the second quarter. Dimensional Fund Advisors LP now owns 2,880,610 shares of the company’s stock valued at $72,963,000 after purchasing an additional 278,544 shares in the last quarter. Edgestream Partners L.P. acquired a new stake in Palantir Technologies in the second quarter valued at approximately $350,000. Wealth Alliance bought a new stake in Palantir Technologies in the second quarter worth approximately $247,000. Mercer Global Advisors Inc. ADV increased its stake in shares of Palantir Technologies by 18.8% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 189,550 shares of the company’s stock worth $4,728,000 after purchasing an additional 30,030 shares during the last quarter. Finally, Amalgamated Bank raised its holdings in shares of Palantir Technologies by 5.0% during the 2nd quarter. Amalgamated Bank now owns 135,982 shares of the company’s stock valued at $3,444,000 after purchasing an additional 6,472 shares in the last quarter. 45.65% of the stock is owned by institutional investors and hedge funds.

Palantir Technologies Price Performance

PLTR opened at $71.77 on Friday. 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 capitalization of $163.49 billion, a P/E ratio of 358.87, a P/E/G ratio of 6.24 and a beta of 2.82. The firm’s fifty day moving average price is $70.49 and its two-hundred day moving average price is $47.17.

Palantir Technologies (NASDAQ:PLTR) last posted its 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 net margin of 18.01% and a return on equity of 9.94%. The firm’s revenue for the quarter was up 30.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.03 earnings per share. On average, equities research analysts expect that Palantir Technologies Inc. will post 0.2 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Cantor Fitzgerald began coverage on shares of Palantir Technologies in a report on Friday. They issued a “neutral” rating and a $72.00 price objective for the company. Robert W. Baird initiated coverage on Palantir Technologies in a report on Thursday, December 12th. They set a “neutral” rating and a $70.00 price objective on the stock. Mizuho boosted their target price on Palantir Technologies from $37.00 to $44.00 and gave the stock an “underperform” rating in a report on Friday, December 13th. Argus downgraded Palantir Technologies from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. Finally, Morgan Stanley restated an “underweight” rating and issued a $60.00 price objective on shares of Palantir Technologies in a research note on Monday, January 6th. Seven analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $43.78.

Insider Activity at Palantir Technologies

In other news, insider Ryan D. Taylor sold 123,334 shares of the firm’s stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $45.00, for a total transaction of $5,550,030.00. Following the completion of the sale, the insider now owns 331,369 shares of the company’s stock, valued at approximately $14,911,605. This trade represents a 27.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Alexander C. Karp sold 3,337,048 shares of the business’s stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $45.02, for a total value of $150,233,900.96. Following the completion of the transaction, the insider now directly owns 6,432,258 shares in the company, valued at $289,580,255.16. The trade was a 34.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 23,642,189 shares of company stock valued at $1,444,232,453 in the last 90 days. 12.93% of the stock is owned by corporate insiders.

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.