J.W. Cole Advisors Inc. Raises Stake in Palantir Technologies Inc. (NYSE:PLTR)

J.W. Cole Advisors Inc. boosted its holdings in shares of Palantir Technologies Inc. (NYSE:PLTR) by 28.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,421 shares of the company’s stock after acquiring an additional 6,883 shares during the period. J.W. Cole Advisors Inc.’s holdings in Palantir Technologies were worth $539,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Pacifica Partners Inc. purchased a new position in Palantir Technologies during the 4th quarter valued at about $27,000. Truvestments Capital LLC increased its stake in Palantir Technologies by 74.9% during the 3rd quarter. Truvestments Capital LLC now owns 1,635 shares of the company’s stock valued at $26,000 after purchasing an additional 700 shares in the last quarter. SJS Investment Consulting Inc. increased its stake in Palantir Technologies by 1,197.4% during the 4th quarter. SJS Investment Consulting Inc. now owns 2,011 shares of the company’s stock valued at $35,000 after purchasing an additional 1,856 shares in the last quarter. Provence Wealth Management Group bought a new stake in Palantir Technologies during the 3rd quarter valued at about $34,000. Finally, Glass Jacobson Investment Advisors llc bought a new stake in Palantir Technologies during the 3rd quarter valued at about $35,000. 45.65% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, insider Ryan D. Taylor sold 120,000 shares of Palantir Technologies stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $22.00, for a total transaction of $2,640,000.00. Following the transaction, the insider now owns 181,460 shares of the company’s stock, valued at $3,992,120. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Palantir Technologies news, insider Ryan D. Taylor sold 120,000 shares of Palantir Technologies stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $22.00, for a total transaction of $2,640,000.00. Following the transaction, the insider now owns 181,460 shares of the company’s stock, valued at $3,992,120. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 transaction of $125,500.00. Following the transaction, the director now directly owns 181,830 shares in the company, valued at approximately $4,563,933. The disclosure for this sale can be found here. Insiders have sold 7,456,273 shares of company stock valued at $184,343,202 over the last 90 days. 13.96% of the stock is currently owned by corporate insiders.

Palantir Technologies Trading Up 3.2 %

Shares of NYSE PLTR opened at $21.64 on Wednesday. The firm has a 50 day moving average of $23.64 and a 200 day moving average of $19.99. The firm has a market capitalization of $47.87 billion, a price-to-earnings ratio of 240.42, a price-to-earnings-growth ratio of 5.14 and a beta of 2.78. Palantir Technologies Inc. has a 12-month low of $7.28 and a 12-month high of $27.50.

Palantir Technologies (NYSE:PLTR) last announced its earnings results 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). The business had revenue of $608.35 million for the quarter, compared to the consensus estimate of $603.48 million. Palantir Technologies had a net margin of 9.43% and a return on equity of 6.17%. Sell-side analysts predict that Palantir Technologies Inc. will post 0.16 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on PLTR. Jefferies Financial Group upgraded shares of Palantir Technologies from an “underperform” rating to a “hold” rating and raised their price objective for the company from $13.00 to $22.00 in a research note on Tuesday, February 6th. Raymond James raised their price objective on shares of Palantir Technologies from $22.00 to $25.00 and gave the company an “outperform” rating in a research note on Tuesday, February 6th. Royal Bank of Canada restated an “underperform” rating and set a $5.00 price objective on shares of Palantir Technologies in a research note on Tuesday, February 6th. Citigroup upgraded shares of Palantir Technologies from a “sell” rating to a “neutral” rating and lifted their price target for the stock from $10.00 to $20.00 in a research note on Tuesday, February 6th. Finally, Bank of America lifted their price target on shares of Palantir Technologies from $24.00 to $28.00 and gave the stock a “buy” rating in a research note on Wednesday, March 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, the company currently has an average rating of “Hold” and an average target price of $18.35.

Palantir Technologies Profile

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.