Burney Co. Buys 1,841 Shares of Palantir Technologies Inc. (NASDAQ:PLTR)

Burney Co. lifted its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 18.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,885 shares of the company’s stock after purchasing an additional 1,841 shares during the quarter. Burney Co.’s holdings in Palantir Technologies were worth $899,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in PLTR. Wolff Wiese Magana LLC grew its stake in shares of Palantir Technologies by 230.4% during the fourth quarter. Wolff Wiese Magana LLC now owns 380 shares of the company’s stock worth $29,000 after buying an additional 265 shares during the last quarter. Brendel Financial Advisors LLC grew its position in Palantir Technologies by 3.8% during the 4th quarter. Brendel Financial Advisors LLC now owns 10,268 shares of the company’s stock worth $777,000 after acquiring an additional 373 shares during the last quarter. Park Avenue Securities LLC increased its holdings in Palantir Technologies by 31.2% in the 4th quarter. Park Avenue Securities LLC now owns 168,232 shares of the company’s stock worth $12,723,000 after purchasing an additional 40,011 shares in the last quarter. Kathmere Capital Management LLC raised its position in Palantir Technologies by 150.8% in the fourth quarter. Kathmere Capital Management LLC now owns 18,046 shares of the company’s stock valued at $1,365,000 after purchasing an additional 10,851 shares during the last quarter. Finally, Assenagon Asset Management S.A. boosted its stake in shares of Palantir Technologies by 16.6% during the fourth quarter. Assenagon Asset Management S.A. now owns 43,172 shares of the company’s stock valued at $3,265,000 after purchasing an additional 6,160 shares in the last quarter. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Palantir Technologies Stock Up 1.8 %

NASDAQ:PLTR opened at $69.34 on Friday. Palantir Technologies Inc. has a twelve month low of $16.03 and a twelve month high of $84.80. The company has a fifty day moving average of $69.95 and a 200-day moving average of $46.69. The firm has a market capitalization of $157.95 billion, a P/E ratio of 346.70, a P/E/G 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 for the quarter, beating the consensus estimate of $0.09 by $0.01. The firm 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 business’s revenue was up 30.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.03 earnings per share. On average, analysts anticipate that Palantir Technologies Inc. will post 0.2 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Alexandra W. Schiff sold 4,000 shares of the company’s stock in a transaction that occurred 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 transaction, the director now directly owns 195,393 shares of the company’s stock, valued at $13,996,000.59. This represents a 2.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 transaction of $150,233,900.96. Following the completion of the sale, the insider now directly owns 6,432,258 shares of the company’s stock, valued at approximately $289,580,255.16. The trade was a 34.16 % decrease in their position. 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 company insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on PLTR shares. Baird R W raised Palantir Technologies to a “hold” rating in a research note on Thursday, December 12th. Jefferies Financial Group downgraded shares of Palantir Technologies from a “hold” rating to an “underperform” rating and set a $28.00 price target for the company. in a research note on Thursday, November 7th. DA Davidson boosted their price objective on shares of Palantir Technologies from $28.00 to $47.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 5th. Argus lowered Palantir Technologies from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th. Finally, William Blair reiterated an “underperform” rating on shares of Palantir Technologies in a research report on Wednesday, December 18th. Seven investment analysts have rated the stock with a sell rating, eleven have given a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $42.12.

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.