Palantir Technologies Inc. (NYSE:PLTR) Shares Purchased by Benjamin F. Edwards & Company Inc.

Benjamin F. Edwards & Company Inc. lifted its position in Palantir Technologies Inc. (NYSE:PLTR) by 15.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 118,858 shares of the company’s stock after acquiring an additional 16,308 shares during the quarter. Benjamin F. Edwards & Company Inc.’s holdings in Palantir Technologies were worth $2,041,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Truvestments Capital LLC grew its position 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 acquiring an additional 700 shares during the last quarter. Pacifica Partners Inc. bought a new position in Palantir Technologies in the 4th quarter worth about $27,000. GAMMA Investing LLC acquired a new stake in shares of Palantir Technologies in the fourth quarter valued at approximately $33,000. Provence Wealth Management Group bought a new stake in shares of Palantir Technologies during the third quarter valued at approximately $34,000. Finally, Glass Jacobson Investment Advisors llc acquired a new position in shares of Palantir Technologies during the third quarter worth approximately $35,000. 45.65% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Citigroup raised Palantir Technologies from a “sell” rating to a “neutral” rating and lifted their target price for the company from $10.00 to $20.00 in a research note on Tuesday, February 6th. Mizuho raised their target price on shares of Palantir Technologies from $18.00 to $21.00 and gave the company a “neutral” rating in a research note on Thursday, March 7th. Wedbush reaffirmed an “outperform” rating and issued a $35.00 price target (up from $30.00) on shares of Palantir Technologies in a research note on Friday, March 8th. Bank of America increased their price objective on shares of Palantir Technologies from $24.00 to $28.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. Finally, HSBC cut Palantir Technologies from a “buy” rating to a “hold” rating and set a $22.00 target price on the stock. in a report on Wednesday, February 14th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $18.35.

Palantir Technologies Stock Up 3.5 %

Shares of NYSE PLTR opened at $23.33 on Monday. Palantir Technologies Inc. has a 12 month low of $7.28 and a 12 month high of $27.50. The company has a market cap of $51.62 billion, a price-to-earnings ratio of 259.25, a P/E/G ratio of 5.72 and a beta of 2.76. The business has a fifty day simple moving average of $23.36 and a 200-day simple moving average of $20.25.

Palantir Technologies (NYSE:PLTR) last posted 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, sell-side analysts expect that Palantir Technologies Inc. will post 0.16 EPS for the current fiscal year.

Insider Activity at Palantir Technologies

In other Palantir Technologies news, Director Alexander D. Moore sold 20,000 shares of the stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $22.02, for a total value of $440,400.00. Following the completion of the sale, the director now owns 1,595,519 shares in the company, valued at approximately $35,133,328.38. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, insider Ryan D. Taylor sold 120,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $22.00, for a total value of $2,640,000.00. Following the completion of the sale, the insider now owns 181,460 shares of the company’s stock, valued at approximately $3,992,120. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Alexander D. Moore sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $22.02, for a total transaction of $440,400.00. Following the transaction, the director now directly owns 1,595,519 shares in the company, valued at approximately $35,133,328.38. The disclosure for this sale can be found here. In the last 90 days, insiders sold 7,476,273 shares of company stock worth $184,783,602. 13.96% of the stock is owned by corporate insiders.

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.