IRON Financial LLC Invests $227,000 in Palantir Technologies Inc. (NASDAQ:PLTR)

IRON Financial LLC acquired a new stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) during the fourth quarter, according to its most recent disclosure with the SEC. The fund acquired 3,000 shares of the company’s stock, valued at approximately $227,000.

Other hedge funds also recently made changes to their positions in the company. Thrivent Financial for Lutherans boosted its position in shares of Palantir Technologies by 20.9% in the second quarter. Thrivent Financial for Lutherans now owns 52,732 shares of the company’s stock worth $1,336,000 after purchasing an additional 9,109 shares during the period. ProShare Advisors LLC lifted its stake in shares of Palantir Technologies by 14.9% during the 2nd quarter. ProShare Advisors LLC now owns 13,100 shares of the company’s stock valued at $332,000 after buying an additional 1,702 shares in the last quarter. AXA S.A. boosted its holdings in Palantir Technologies by 443.5% in the 2nd quarter. AXA S.A. now owns 116,302 shares of the company’s stock worth $2,946,000 after buying an additional 94,903 shares during the period. Magnolia Capital Advisors LLC purchased a new stake in Palantir Technologies in the 2nd quarter worth $381,000. Finally, Nemes Rush Group LLC raised its holdings in Palantir Technologies by 28.3% during the second quarter. Nemes Rush Group LLC now owns 10,196 shares of the company’s stock valued at $258,000 after acquiring an additional 2,250 shares during the period. 45.65% of the stock is currently owned by institutional investors.

Insider Activity at Palantir Technologies

In related news, insider Heather A. Planishek sold 20,000 shares of Palantir Technologies stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $49.96, for a total transaction of $999,200.00. Following the completion of the sale, the insider now owns 562,006 shares in the company, valued at $28,077,819.76. This trade represents a 3.44 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Alexandra W. Schiff sold 4,000 shares of the company’s stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $71.63, for a total transaction of $286,520.00. Following the completion of the transaction, the director now owns 195,393 shares in the company, valued at $13,996,000.59. This represents a 2.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 20,181,807 shares of company stock worth $1,288,448,522 in the last quarter. 12.93% of the stock is owned by company insiders.

Palantir Technologies Trading Down 4.5 %

Palantir Technologies stock opened at $75.43 on Tuesday. Palantir Technologies Inc. has a 12-month low of $16.03 and a 12-month high of $84.80. The firm has a 50-day moving average price of $71.96 and a 200-day moving average price of $49.18. The firm has a market capitalization of $171.82 billion, a PE ratio of 377.15, a price-to-earnings-growth ratio of 7.08 and a beta of 2.82.

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

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. William Blair reaffirmed an “underperform” rating on shares of Palantir Technologies in a research note on Wednesday, December 18th. Northland Securities increased their price objective on shares of Palantir Technologies from $35.00 to $38.00 and gave the company a “market perform” rating in a report on Tuesday, November 5th. Cantor Fitzgerald initiated coverage on shares of Palantir Technologies in a report on Friday, January 17th. They issued a “neutral” rating and a $72.00 target price on the stock. Argus cut shares of Palantir Technologies from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. Finally, Robert W. Baird started coverage on shares of Palantir Technologies in a research note on Thursday, December 12th. They issued a “neutral” rating and a $70.00 price target on the stock. Seven investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $44.61.

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.