Aaron Wealth Advisors LLC Boosts Stake in Palantir Technologies Inc. (NASDAQ:PLTR)

Aaron Wealth Advisors LLC raised its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 14.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,557 shares of the company’s stock after purchasing an additional 1,170 shares during the period. Aaron Wealth Advisors LLC’s holdings in Palantir Technologies were worth $723,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in PLTR. Dimensional Fund Advisors LP increased its stake in shares of Palantir Technologies by 10.7% during the second quarter. Dimensional Fund Advisors LP now owns 2,880,610 shares of the company’s stock worth $72,963,000 after purchasing an additional 278,544 shares in the last quarter. Edgestream Partners L.P. purchased a new stake in Palantir Technologies during the 2nd quarter worth approximately $350,000. Mercer Global Advisors Inc. ADV raised its holdings in shares of Palantir Technologies by 18.8% during the second quarter. Mercer Global Advisors Inc. ADV now owns 189,550 shares of the company’s stock valued at $4,728,000 after acquiring an additional 30,030 shares during the last quarter. Amalgamated Bank lifted its position in shares of Palantir Technologies by 5.0% in the second quarter. Amalgamated Bank now owns 135,982 shares of the company’s stock valued at $3,444,000 after acquiring an additional 6,472 shares in the last quarter. Finally, Blair William & Co. IL boosted its stake in shares of Palantir Technologies by 18.4% in the second quarter. Blair William & Co. IL now owns 61,927 shares of the company’s stock worth $1,569,000 after acquiring an additional 9,623 shares during the last quarter. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Palantir Technologies Stock Performance

NASDAQ:PLTR opened at $71.77 on Monday. 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 50 day moving average price of $70.49 and a 200 day moving average price of $47.32. The stock has a market capitalization of $163.49 billion, a P/E ratio of 358.87, a PEG ratio of 6.24 and a beta of 2.82.

Palantir Technologies (NASDAQ:PLTR) last issued its quarterly earnings data 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. 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 during the quarter, compared to analysts’ expectations of $705.11 million. During the same period in the previous year, the firm posted $0.03 earnings per share. The company’s revenue was up 30.0% on a year-over-year basis. Research analysts forecast that Palantir Technologies Inc. will post 0.2 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently commented on PLTR. Raymond James downgraded Palantir Technologies from an “outperform” rating to a “market perform” rating in a research note on Monday, September 23rd. William Blair reiterated an “underperform” rating on shares of Palantir Technologies in a research report on Wednesday, December 18th. Argus lowered shares of Palantir Technologies from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th. Baird R W raised shares of Palantir Technologies to a “hold” rating in a research note on Thursday, December 12th. Finally, Morgan Stanley reissued an “underweight” rating and issued a $60.00 target price on shares of Palantir Technologies in a research note on Monday, January 6th. Seven investment analysts have rated the stock with a sell rating, twelve have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $43.78.

Insiders Place Their Bets

In other news, Director Alexandra W. Schiff sold 4,000 shares of the company’s stock in a transaction 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 sale, the director now owns 195,393 shares of the company’s stock, valued at approximately $13,996,000.59. This represents a 2.01 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Alexander C. Karp sold 3,337,048 shares of Palantir Technologies stock in a transaction on Monday, October 28th. The shares were 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 owns 6,432,258 shares of the company’s stock, valued at approximately $289,580,255.16. This trade represents a 34.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 23,642,189 shares of company stock worth $1,444,232,453 over the last three months. Company insiders own 12.93% of the company’s stock.

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.