Hilltop National Bank Has $209,000 Stake in Palantir Technologies Inc. (NASDAQ:PLTR)

Hilltop National Bank grew its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 13.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,760 shares of the company’s stock after purchasing an additional 330 shares during the quarter. Hilltop National Bank’s holdings in Palantir Technologies were worth $209,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in PLTR. Northwest Investment Counselors LLC acquired a new stake in Palantir Technologies during the third quarter worth approximately $25,000. Prestige Wealth Management Group LLC grew its position in Palantir Technologies by 747.1% during the third quarter. Prestige Wealth Management Group LLC now owns 737 shares of the company’s stock worth $27,000 after buying an additional 650 shares in the last quarter. University of Texas Texas AM Investment Management Co. acquired a new stake in Palantir Technologies during the second quarter worth approximately $30,000. Ashburton Jersey Ltd acquired a new stake in Palantir Technologies during the second quarter worth approximately $36,000. Finally, Creekmur Asset Management LLC grew its position in Palantir Technologies by 46.0% during the third quarter. Creekmur Asset Management LLC now owns 1,063 shares of the company’s stock worth $40,000 after buying an additional 335 shares in the last quarter. Institutional investors and hedge funds own 45.65% of the company’s stock.

Insider Transactions at Palantir Technologies

In related news, insider Ryan D. Taylor sold 123,334 shares of Palantir Technologies stock in a transaction 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 completion of the sale, the insider now owns 331,369 shares of the company’s stock, valued at approximately $14,911,605. This trade represents a 27.12 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Lauren Elaina Friedman Stat sold 800 shares of Palantir Technologies stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $76.29, for a total transaction of $61,032.00. Following the completion of the sale, the director now directly owns 62,139 shares of the company’s stock, valued at approximately $4,740,584.31. The trade was a 1.27 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 23,642,189 shares of company stock valued at $1,444,232,453 in the last quarter. 12.93% of the stock is currently owned by company insiders.

Palantir Technologies Stock Performance

Palantir Technologies stock opened at $67.26 on Friday. Palantir Technologies Inc. has a 52-week low of $16.03 and a 52-week high of $84.80. The firm has a 50 day moving average price of $68.93 and a two-hundred day moving average price of $45.68. The firm has a market cap of $153.22 billion, a price-to-earnings ratio of 336.32, a PEG ratio of 10.18 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 EPS for the quarter, topping the consensus estimate of $0.09 by $0.01. The company 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 company’s quarterly revenue was up 30.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.03 EPS. As a group, equities research analysts predict that Palantir Technologies Inc. will post 0.21 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on PLTR shares. Raymond James downgraded Palantir Technologies from an “outperform” rating to a “market perform” rating in a research report on Monday, September 23rd. Robert W. Baird initiated coverage on Palantir Technologies in a report on Thursday, December 12th. They issued a “neutral” rating and a $70.00 target price on the stock. Argus downgraded Palantir Technologies from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. William Blair reaffirmed an “underperform” rating on shares of Palantir Technologies in a report on Wednesday, December 18th. Finally, UBS Group initiated coverage on Palantir Technologies in a report on Thursday, December 19th. They issued a “neutral” rating and a $80.00 target price on the stock. Seven analysts have rated the stock with a sell rating, eleven have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $42.12.

About Palantir Technologies

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.