FAS Wealth Partners Inc. Purchases Shares of 10,135 Palantir Technologies Inc. (NYSE:PLTR)

FAS Wealth Partners Inc. purchased a new stake in Palantir Technologies Inc. (NYSE:PLTRFree Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 10,135 shares of the company’s stock, valued at approximately $174,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of PLTR. Truvestments Capital LLC grew its holdings in shares of Palantir Technologies by 74.9% during the third quarter. Truvestments Capital LLC now owns 1,635 shares of the company’s stock worth $26,000 after purchasing an additional 700 shares during the last quarter. Pacifica Partners Inc. purchased a new position in shares of Palantir Technologies during the fourth quarter worth about $27,000. Resurgent Financial Advisors LLC purchased a new position in shares of Palantir Technologies during the fourth quarter worth about $28,000. Provence Wealth Management Group purchased a new position in shares of Palantir Technologies during the third quarter worth about $34,000. Finally, Glass Jacobson Investment Advisors llc purchased a new stake in Palantir Technologies in the 3rd quarter valued at approximately $35,000. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Palantir Technologies news, Director Lauren Elaina Friedman Stat sold 5,000 shares of Palantir Technologies stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $25.10, for a total value of $125,500.00. Following the completion of the sale, the director now directly owns 181,830 shares of the company’s stock, valued at approximately $4,563,933. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Palantir Technologies news, insider Heather A. Planishek sold 8,521 shares of Palantir Technologies stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $23.27, for a total value of $198,283.67. Following the completion of the sale, the insider now directly owns 703,485 shares of the company’s stock, valued at approximately $16,370,095.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Lauren Elaina Friedman Stat sold 5,000 shares of Palantir Technologies stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $25.10, for a total transaction of $125,500.00. Following the completion of the sale, the director now directly owns 181,830 shares of the company’s stock, valued at $4,563,933. The disclosure for this sale can be found here. Insiders sold 7,451,273 shares of company stock worth $184,229,502 in the last ninety days. Insiders own 13.96% of the company’s stock.

Analyst Ratings Changes

PLTR has been the topic of a number of analyst reports. Bank of America lifted their price objective on Palantir Technologies from $24.00 to $28.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. Monness Crespi & Hardt lowered Palantir Technologies from a “neutral” rating to a “sell” rating and set a $20.00 price objective on the stock. in a report on Thursday, March 28th. Mizuho lifted their price objective on Palantir Technologies from $18.00 to $21.00 and gave the company a “neutral” rating in a report on Thursday, March 7th. HSBC lowered Palantir Technologies from a “buy” rating to a “hold” rating and set a $22.00 price objective on the stock. in a report on Wednesday, February 14th. Finally, Jefferies Financial Group upgraded shares of Palantir Technologies from an “underperform” rating to a “hold” rating and lifted their price target for the company from $13.00 to $22.00 in a research report on Tuesday, February 6th. Four research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Palantir Technologies currently has a consensus rating of “Hold” and a consensus target price of $18.35.

Get Our Latest Stock Report on PLTR

Palantir Technologies Price Performance

Shares of Palantir Technologies stock opened at $22.73 on Wednesday. Palantir Technologies Inc. has a 1 year low of $7.28 and a 1 year high of $27.50. The company has a market capitalization of $50.30 billion, a P/E ratio of 252.58, a P/E/G ratio of 5.61 and a beta of 2.78. The business has a 50 day moving average price of $22.87 and a 200 day moving average price of $19.26.

Palantir Technologies (NYSE:PLTRGet Free Report) last issued its quarterly earnings data on Monday, February 5th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.01). Palantir Technologies had a return on equity of 6.17% and a net margin of 9.43%. The company had revenue of $608.35 million for the quarter, compared to analyst estimates of $603.48 million. As a group, research analysts expect that Palantir Technologies Inc. will post 0.16 EPS for the current fiscal year.

About Palantir Technologies

(Free Report)

Palantir Technologies Inc builds and deploys software platforms for the intelligence community to assist in counterterrorism investigations and operations in the United States, the United Kingdom, and internationally. The company provides Palantir Gotham, a software platform which enables users to identify patterns hidden deep within datasets, ranging from signals intelligence sources to reports from confidential informants, as well as facilitates the handoff between analysts and operational users, helping operators plan and execute real-world responses to threats that have been identified within the platform.

Further Reading

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Institutional Ownership by Quarter for Palantir Technologies (NYSE:PLTR)

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