6,969 Shares in Palantir Technologies Inc. (NASDAQ:PLTR) Acquired by Lake Street Private Wealth LLC

Lake Street Private Wealth LLC bought a new stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 6,969 shares of the company’s stock, valued at approximately $527,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. TrueWealth Advisors LLC bought a new stake in Palantir Technologies in the 4th quarter worth approximately $582,000. Trivant Custom Portfolio Group LLC lifted its holdings 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 worth $47,000 after acquiring an additional 470 shares during the last quarter. Arthur M. Cohen & Associates LLC purchased a new stake in shares of Palantir Technologies in the 4th quarter valued at $1,052,000. LongView Wealth Management purchased a new stake in shares of Palantir Technologies in the 4th quarter valued at $210,000. Finally, Sax Wealth Advisors LLC bought a new position in shares of Palantir Technologies during the 4th quarter valued at $247,000. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on PLTR. The Goldman Sachs Group upped their price target on shares of Palantir Technologies from $16.00 to $41.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Raymond James cut Palantir Technologies from an “outperform” rating to a “market perform” rating in a report on Monday, September 23rd. Northland Securities lifted their price target on Palantir Technologies from $35.00 to $38.00 and gave the stock a “market perform” rating in a research note on Tuesday, November 5th. DA Davidson increased their price objective on Palantir Technologies from $28.00 to $47.00 and gave the company a “neutral” rating in a research note on Tuesday, November 5th. Finally, Robert W. Baird started coverage on shares of Palantir Technologies in a report on Thursday, December 12th. They set a “neutral” rating and a $70.00 target price for the company. Seven equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Palantir Technologies presently has a consensus rating of “Hold” and an average price target of $43.78.

Palantir Technologies Stock Up 3.7 %

PLTR stock opened at $71.77 on Friday. The business has a 50 day moving average of $70.49 and a 200 day moving average of $47.17. Palantir Technologies Inc. has a twelve month low of $16.03 and a twelve month high of $84.80. The firm has a market cap of $163.49 billion, a PE ratio of 358.87, a price-to-earnings-growth ratio of 6.24 and a beta of 2.82.

Palantir Technologies (NASDAQ:PLTR) last posted its quarterly earnings results on Monday, November 4th. The company reported $0.10 earnings per share (EPS) 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 firm had revenue of $725.52 million during the quarter, compared to analyst estimates of $705.11 million. During the same quarter in the previous year, the firm earned $0.03 EPS. Palantir Technologies’s quarterly revenue was up 30.0% compared to the same quarter last year. On average, research analysts expect that Palantir Technologies Inc. will post 0.2 earnings per share for the current fiscal year.

Insider Activity at Palantir Technologies

In other Palantir Technologies news, insider Ryan D. Taylor sold 123,334 shares of the company’s stock in a transaction dated 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 transaction, the insider now owns 331,369 shares in the company, valued at approximately $14,911,605. This represents a 27.12 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 shares were sold at an average price of $45.02, for a total transaction of $150,233,900.96. Following the transaction, the insider now directly owns 6,432,258 shares of the company’s stock, 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. In the last three months, insiders have sold 23,642,189 shares of company stock valued at $1,444,232,453. 12.93% of the stock is owned by corporate insiders.

Palantir Technologies Company 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.