Inman Jager Wealth Management LLC Takes Position in Palantir Technologies Inc. (NASDAQ:PLTR)

Inman Jager Wealth Management LLC bought a new stake in Palantir Technologies Inc. (NASDAQ:PLTR) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 12,075 shares of the company’s stock, valued at approximately $913,000.

Other institutional investors have also made changes to their positions in the company. Czech National Bank bought a new position in Palantir Technologies during the third quarter worth about $15,261,000. GAMMA Investing LLC lifted its holdings in shares of Palantir Technologies by 83.9% in the third quarter. GAMMA Investing LLC now owns 5,713 shares of the company’s stock valued at $213,000 after purchasing an additional 2,607 shares in the last quarter. Azzad Asset Management Inc. ADV bought a new stake in shares of Palantir Technologies in the third quarter valued at about $209,000. Diversified Trust Co lifted its holdings in shares of Palantir Technologies by 172.7% in the third quarter. Diversified Trust Co now owns 21,559 shares of the company’s stock valued at $802,000 after purchasing an additional 13,652 shares in the last quarter. Finally, Miracle Mile Advisors LLC lifted its holdings in shares of Palantir Technologies by 8.6% in the third quarter. Miracle Mile Advisors LLC now owns 16,308 shares of the company’s stock valued at $607,000 after purchasing an additional 1,298 shares in the last quarter. 45.65% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Argus downgraded Palantir Technologies from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th. Morgan Stanley upgraded Palantir Technologies from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $60.00 to $95.00 in a research note on Tuesday. Jefferies Financial Group upped their target price on Palantir Technologies from $28.00 to $60.00 and gave the stock an “underperform” rating in a research note on Tuesday. Northland Securities increased their price target on Palantir Technologies from $38.00 to $80.00 and gave the company a “market perform” rating in a research note on Tuesday. Finally, Baird R W upgraded Palantir Technologies to a “hold” rating in a report on Thursday, December 12th. Six investment analysts have rated the stock with a sell rating, twelve have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $69.44.

Insider Activity

In other Palantir Technologies news, insider Alexander C. Karp sold 1,823,602 shares of the firm’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $63.12, for a total transaction of $115,105,758.24. Following the sale, the insider now directly owns 6,432,258 shares of the company’s stock, valued at $406,004,124.96. This trade represents a 22.09 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Lauren Elaina Friedman Stat sold 8,860 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $58.06, for a total transaction of $514,411.60. Following the completion of the transaction, the director now owns 121,390 shares in the company, valued at $7,047,903.40. The trade was a 6.80 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 15,653,753 shares of company stock valued at $1,039,407,675. 12.93% of the stock is currently owned by company insiders.

Palantir Technologies Stock Down 2.4 %

PLTR opened at $101.36 on Thursday. The company has a market cap of $230.90 billion, a price-to-earnings ratio of 506.83, a PEG ratio of 7.54 and a beta of 2.81. Palantir Technologies Inc. has a 52-week low of $19.76 and a 52-week high of $106.91. The firm’s fifty day simple moving average is $74.85 and its two-hundred day simple moving average is $51.92.

Palantir Technologies (NASDAQ:PLTR) last released its quarterly earnings data 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 net margin of 18.01% and a return on equity of 9.94%. The firm had revenue of $725.52 million during the quarter, compared to analysts’ expectations of $705.11 million. During the same period last year, the business earned $0.03 earnings per share. Palantir Technologies’s revenue was up 30.0% compared to the same quarter last year. On average, research analysts forecast that Palantir Technologies Inc. will post 0.19 EPS for the current year.

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.