Milestone Asset Management LLC Has $2.50 Million Stock Position in Palantir Technologies Inc. (NASDAQ:PLTR)

Milestone Asset Management LLC decreased its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 42.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 33,041 shares of the company’s stock after selling 24,616 shares during the period. Milestone Asset Management LLC’s holdings in Palantir Technologies were worth $2,499,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Ibex Wealth Advisors acquired a new position in shares of Palantir Technologies in the 4th quarter valued at $13,417,000. Swedbank AB acquired a new position in shares of Palantir Technologies in the 4th quarter valued at $31,491,000. Allen Capital Group LLC bought a new stake in Palantir Technologies in the 4th quarter valued at $287,000. Strategic Blueprint LLC lifted its position in Palantir Technologies by 128.6% in the 4th quarter. Strategic Blueprint LLC now owns 19,795 shares of the company’s stock valued at $1,497,000 after acquiring an additional 11,137 shares in the last quarter. Finally, Diversified Investment Strategies LLC bought a new stake in Palantir Technologies in the 4th quarter valued at $242,000. Institutional investors and hedge funds own 45.65% of the company’s stock.

Palantir Technologies Trading Down 0.6 %

NASDAQ PLTR opened at $79.76 on Thursday. The firm has a market capitalization of $181.69 billion, a price-to-earnings ratio of 398.82, a P/E/G ratio of 7.08 and a beta of 2.82. The firm’s 50 day simple moving average is $72.59 and its 200 day simple moving average is $49.89. Palantir Technologies Inc. has a 1 year low of $16.03 and a 1 year high of $84.80.

Palantir Technologies (NASDAQ:PLTR) last issued its quarterly earnings data on Monday, November 4th. The company reported $0.10 EPS for the quarter, beating 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 revenue was up 30.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.03 EPS. On average, equities research analysts forecast that Palantir Technologies Inc. will post 0.2 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts recently commented on PLTR shares. DA Davidson boosted their price objective on shares of Palantir Technologies from $28.00 to $47.00 and gave the company a “neutral” rating in a research report on Tuesday, November 5th. Jefferies Financial Group cut shares of Palantir Technologies from a “hold” rating to an “underperform” rating and set a $28.00 price target on the stock. in a research report on Thursday, November 7th. Bank of America boosted their price target on shares of Palantir Technologies from $55.00 to $75.00 and gave the stock a “buy” rating in a research report on Monday, November 25th. Mizuho upped their target price on shares of Palantir Technologies from $37.00 to $44.00 and gave the company an “underperform” rating in a report on Friday, December 13th. Finally, 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. Seven analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, Palantir Technologies presently has an average rating of “Hold” and an average target price of $44.61.

Insider Activity

In other news, Director Alexandra W. Schiff sold 4,000 shares of the stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $71.63, for a total transaction of $286,520.00. Following the completion of the sale, the director now directly 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 transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Alexander C. Karp sold 4,500,000 shares of the stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $55.03, for a total transaction of $247,635,000.00. Following the sale, the insider now owns 6,432,258 shares of the company’s stock, valued at approximately $353,967,157.74. This trade represents a 41.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 20,181,807 shares of company stock valued at $1,288,448,522. Insiders own 12.93% of the company’s stock.

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.