Magnus Financial Group LLC Purchases 915 Shares of Palantir Technologies Inc. (NASDAQ:PLTR)

Magnus Financial Group LLC boosted its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 3.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,981 shares of the company’s stock after acquiring an additional 915 shares during the period. Magnus Financial Group LLC’s holdings in Palantir Technologies were worth $2,116,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. boosted its stake in Palantir Technologies by 60.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 12,387,040 shares of the company’s stock valued at $460,798,000 after purchasing an additional 4,667,955 shares during the period. State of Alaska Department of Revenue grew its stake in shares of Palantir Technologies by 22.9% in the third quarter. State of Alaska Department of Revenue now owns 370,625 shares of the company’s stock worth $13,786,000 after acquiring an additional 68,945 shares during the last quarter. Oppenheimer & Co. Inc. increased its position in Palantir Technologies by 19.2% during the third quarter. Oppenheimer & Co. Inc. now owns 541,567 shares of the company’s stock worth $20,146,000 after acquiring an additional 87,062 shares during the period. Tyler Stone Wealth Management raised its stake in Palantir Technologies by 97.9% during the 3rd quarter. Tyler Stone Wealth Management now owns 202,006 shares of the company’s stock valued at $7,515,000 after purchasing an additional 99,921 shares during the last quarter. Finally, Coldstream Capital Management Inc. bought a new stake in Palantir Technologies in the 3rd quarter valued at $639,000. 45.65% of the stock is currently owned by institutional investors.

Palantir Technologies Stock Up 3.8 %

Shares of NASDAQ:PLTR opened at $74.46 on Wednesday. Palantir Technologies Inc. has a 12 month low of $16.03 and a 12 month high of $84.80. The firm has a market cap of $169.63 billion, a P/E ratio of 365.37, a P/E/G ratio of 6.66 and a beta of 2.82. The company’s 50-day moving average price is $70.98 and its two-hundred day moving average price is $48.12.

Palantir Technologies (NASDAQ:PLTR) last issued its quarterly 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. Palantir Technologies had a net margin of 18.01% and a return on equity of 9.94%. The business had revenue of $725.52 million during the quarter, compared to analyst estimates of $705.11 million. During the same quarter last year, the business posted $0.03 earnings per share. Palantir Technologies’s revenue for the quarter was up 30.0% compared to the same quarter last year. As a group, equities analysts predict that Palantir Technologies Inc. will post 0.2 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently commented on PLTR shares. Robert W. Baird assumed coverage on shares of Palantir Technologies in a research report on Thursday, December 12th. They set a “neutral” rating and a $70.00 price objective for the company. Wedbush raised their price objective on Palantir Technologies from $57.00 to $75.00 and gave the stock an “outperform” rating in a research report on Monday, November 25th. Mizuho boosted their price objective on Palantir Technologies from $37.00 to $44.00 and gave the company an “underperform” rating in a research report on Friday, December 13th. Morgan Stanley reaffirmed an “underweight” rating and issued a $60.00 target price on shares of Palantir Technologies in a research report on Monday, January 6th. Finally, Cantor Fitzgerald began coverage on shares of Palantir Technologies in a report on Friday, January 17th. They issued a “neutral” rating and a $72.00 price target on the stock. Seven analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $43.78.

Insider Activity

In other Palantir Technologies 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 value of $5,550,030.00. Following the transaction, the insider now directly 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 sale 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 the company’s stock in a transaction 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 sale, the insider now 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 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 over the last 90 days. 12.93% of the stock is owned by company 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.