Enclave Advisors LLC Invests $2.67 Million in Palantir Technologies Inc. (NASDAQ:PLTR)

Enclave Advisors LLC acquired a new position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 35,239 shares of the company’s stock, valued at approximately $2,665,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in PLTR. Wolff Wiese Magana LLC boosted its holdings 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 buying an additional 265 shares during the last quarter. Financial Management Professionals Inc. raised its position in shares of Palantir Technologies by 171.5% in the 4th quarter. Financial Management Professionals Inc. now owns 543 shares of the company’s stock valued at $41,000 after acquiring an additional 343 shares during the period. Trivant Custom Portfolio Group LLC raised its position in shares of Palantir Technologies by 313.3% in the 4th quarter. Trivant Custom Portfolio Group LLC now owns 620 shares of the company’s stock valued at $47,000 after acquiring an additional 470 shares during the period. Northwest Investment Counselors LLC bought a new position in Palantir Technologies during the 3rd quarter worth approximately $25,000. Finally, Prestige Wealth Management Group LLC grew its holdings in Palantir Technologies by 747.1% during the third quarter. Prestige Wealth Management Group LLC now owns 737 shares of the company’s stock valued at $27,000 after purchasing an additional 650 shares during the period. Institutional investors own 45.65% of the company’s stock.

Palantir Technologies Trading Up 1.8 %

Shares of PLTR stock opened at $73.07 on Wednesday. The firm’s fifty day moving average price is $70.72 and its two-hundred day moving average price is $47.79. Palantir Technologies Inc. has a 1 year low of $16.03 and a 1 year high of $84.80. The firm has a market capitalization of $166.45 billion, a P/E ratio of 365.37, a PEG ratio of 6.66 and a beta of 2.82.

Palantir Technologies (NASDAQ:PLTR) last released its earnings results on Monday, November 4th. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01. Palantir Technologies had a return on equity of 9.94% and a net margin of 18.01%. The business had revenue of $725.52 million for the quarter, compared to the consensus estimate of $705.11 million. During the same quarter in the previous year, the business earned $0.03 earnings per share. Palantir Technologies’s quarterly revenue was up 30.0% on a year-over-year basis. As a group, equities research analysts forecast that Palantir Technologies Inc. will post 0.2 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Lauren Elaina Friedman Stat sold 800 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $76.29, for a total value of $61,032.00. Following the completion of the sale, the director now directly owns 62,139 shares in the company, valued at approximately $4,740,584.31. This trade represents a 1.27 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Alexandra W. Schiff sold 4,000 shares of Palantir Technologies stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $71.63, for a total value of $286,520.00. Following the transaction, the director now owns 195,393 shares of the company’s stock, valued at $13,996,000.59. The trade was a 2.01 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 23,642,189 shares of company stock valued at $1,444,232,453 in the last 90 days. 12.93% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research firms have weighed in on PLTR. Bank of America increased their target price on shares of Palantir Technologies from $55.00 to $75.00 and gave the stock a “buy” rating in a report on Monday, November 25th. DA Davidson raised their price objective on Palantir Technologies from $28.00 to $47.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 5th. Robert W. Baird initiated coverage on Palantir Technologies in a research note on Thursday, December 12th. They issued a “neutral” rating and a $70.00 target price for the company. William Blair restated an “underperform” rating on shares of Palantir Technologies in a report on Wednesday, December 18th. Finally, Jefferies Financial Group cut Palantir Technologies from a “hold” rating to an “underperform” rating and set a $28.00 price objective on the stock. in a report on Thursday, November 7th. Seven research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Palantir Technologies has an average rating of “Hold” and a consensus price target of $43.78.

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.