PFG Investments LLC Purchases 1,425 Shares of Palantir Technologies Inc. (NYSE:PLTR)

PFG Investments LLC lifted its position in shares of Palantir Technologies Inc. (NYSE:PLTR) by 5.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 25,870 shares of the company’s stock after acquiring an additional 1,425 shares during the quarter. PFG Investments LLC’s holdings in Palantir Technologies were worth $444,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in PLTR. Vanguard Group Inc. grew its stake in shares of Palantir Technologies by 22.4% during the 1st quarter. Vanguard Group Inc. now owns 156,003,743 shares of the company’s stock worth $2,141,931,000 after acquiring an additional 28,563,749 shares during the period. Scout Investments Inc. bought a new position in shares of Palantir Technologies during the 2nd quarter worth $199,052,000. Norges Bank bought a new position in shares of Palantir Technologies during the 4th quarter worth $39,395,000. Jericho Capital Asset Management L.P. bought a new position in Palantir Technologies in the 2nd quarter worth about $76,650,000. Finally, Morgan Stanley boosted its stake in Palantir Technologies by 26.1% in the 3rd quarter. Morgan Stanley now owns 22,614,555 shares of the company’s stock worth $361,833,000 after purchasing an additional 4,675,824 shares during the period. Institutional investors own 45.65% of the company’s stock.

Palantir Technologies Stock Down 1.6 %

NYSE:PLTR opened at $24.50 on Thursday. The business’s 50-day moving average price is $22.40 and its two-hundred day moving average price is $19.03. Palantir Technologies Inc. has a twelve month low of $7.28 and a twelve month high of $27.50. The stock has a market cap of $54.21 billion, a P/E ratio of 272.25, a PEG ratio of 6.10 and a beta of 2.82.

Palantir Technologies (NYSE:PLTR) last announced its quarterly earnings data on Monday, February 5th. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). The firm had revenue of $608.35 million for the quarter, compared to analysts’ expectations of $603.48 million. Palantir Technologies had a net margin of 9.43% and a return on equity of 6.17%. On average, equities research analysts expect that Palantir Technologies Inc. will post 0.16 EPS for the current fiscal year.

Insider Activity at Palantir Technologies

In related news, Director Alexandra W. Schiff sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, January 3rd. The stock was sold at an average price of $16.11, for a total transaction of $64,440.00. Following the transaction, the director now directly owns 200,783 shares of the company’s stock, valued at approximately $3,234,614.13. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, Director Peter Thiel sold 7,044,756 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $24.79, for a total transaction of $174,639,501.24. Following the transaction, the director now directly owns 70,806,432 shares in the company, valued at approximately $1,755,291,449.28. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Alexandra W. Schiff sold 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 3rd. The stock was sold at an average price of $16.11, for a total value of $64,440.00. Following the transaction, the director now owns 200,783 shares in the company, valued at $3,234,614.13. The disclosure for this sale can be found here. In the last three months, insiders have sold 7,455,273 shares of company stock valued at $184,293,942. Corporate insiders own 13.96% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Wedbush restated an “outperform” rating and issued a $35.00 target price (up previously from $30.00) on shares of Palantir Technologies in a research note on Friday, March 8th. Royal Bank of Canada restated an “underperform” rating and issued a $5.00 target price on shares of Palantir Technologies in a research note on Tuesday, February 6th. Mizuho raised their target price on Palantir Technologies from $18.00 to $21.00 and gave the stock a “neutral” rating in a research note on Thursday, March 7th. Jefferies Financial Group upgraded Palantir Technologies from an “underperform” rating to a “hold” rating and raised their target price for the stock from $13.00 to $22.00 in a research note on Tuesday, February 6th. Finally, Citigroup upgraded Palantir Technologies from a “sell” rating to a “neutral” rating and raised their target price for the stock from $10.00 to $20.00 in a research note on Tuesday, February 6th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Palantir Technologies currently has an average rating of “Hold” and an average price target of $18.21.

Palantir Technologies Company 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.