Range Financial Group LLC Purchases New Shares in Palantir Technologies Inc. (NASDAQ:PLTR)

Range Financial Group LLC acquired a new position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 6,959 shares of the company’s stock, valued at approximately $526,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Strathmore Capital Advisors Inc. acquired a new stake in shares of Palantir Technologies during the fourth quarter valued at approximately $832,000. Regent Peak Wealth Advisors LLC acquired a new stake in Palantir Technologies during the 4th quarter valued at $325,000. Bank of New Hampshire lifted its holdings in shares of Palantir Technologies by 25.9% in the fourth quarter. Bank of New Hampshire now owns 2,015 shares of the company’s stock valued at $152,000 after purchasing an additional 415 shares in the last quarter. Advance Capital Management Inc. acquired a new stake in shares of Palantir Technologies in the fourth quarter worth $405,000. Finally, Fortem Financial Group LLC grew its holdings in shares of Palantir Technologies by 1.0% during the fourth quarter. Fortem Financial Group LLC now owns 75,430 shares of the company’s stock valued at $5,705,000 after buying an additional 710 shares in the last quarter. Institutional investors and hedge funds own 45.65% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Mizuho increased their price objective on Palantir Technologies from $37.00 to $44.00 and gave the stock an “underperform” rating in a research note on Friday, December 13th. Northland Securities raised their price target on shares of Palantir Technologies from $35.00 to $38.00 and gave the stock a “market perform” rating in a report on Tuesday, November 5th. Bank of America upped their price objective on shares of Palantir Technologies from $55.00 to $75.00 and gave the company a “buy” rating in a research note on Monday, November 25th. Jefferies Financial Group lowered shares of Palantir Technologies from a “hold” rating to an “underperform” rating and set a $28.00 target price for the company. in a research note on Thursday, November 7th. Finally, Robert W. Baird started coverage on shares of Palantir Technologies in a research note on Thursday, December 12th. They issued a “neutral” rating and a $70.00 price target on the stock. Seven analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $42.12.

Insider Buying and Selling at Palantir Technologies

In related news, insider Ryan D. Taylor sold 123,334 shares of the firm’s stock in a transaction on Friday, October 25th. The stock was sold at an average price of $45.00, for a total value of $5,550,030.00. Following the completion of the transaction, the insider now directly owns 331,369 shares of the company’s stock, valued at $14,911,605. This trade represents a 27.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Alexander C. Karp sold 3,337,048 shares of the business’s stock in a transaction on Monday, October 28th. The shares were sold at an average price of $45.02, for a total transaction of $150,233,900.96. Following the completion of the sale, the insider now directly owns 6,432,258 shares in the company, valued at $289,580,255.16. This trade represents a 34.16 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 23,645,510 shares of company stock valued at $1,444,267,325 in the last ninety days. Company insiders own 12.93% of the company’s stock.

Palantir Technologies Stock Performance

Shares of NASDAQ:PLTR traded down $5.93 during midday trading on Tuesday, hitting $69.99. The company’s stock had a trading volume of 90,611,645 shares, compared to its average volume of 82,443,367. Palantir Technologies Inc. has a fifty-two week low of $16.03 and a fifty-two week high of $84.80. The stock has a market capitalization of $159.44 billion, a price-to-earnings ratio of 349.97, a PEG ratio of 10.18 and a beta of 2.82. The stock’s 50 day simple moving average is $66.90 and its 200 day simple moving average is $44.73.

Palantir Technologies (NASDAQ:PLTR) last issued its quarterly earnings results on Monday, November 4th. The company reported $0.10 EPS for the quarter, topping the consensus estimate of $0.09 by $0.01. Palantir Technologies had a return on equity of 9.94% and a net margin of 18.01%. The company had revenue of $725.52 million for the quarter, compared to the consensus estimate of $705.11 million. During the same period in the previous year, the business posted $0.03 EPS. The company’s revenue for the quarter was up 30.0% on a year-over-year basis. As a group, analysts anticipate that Palantir Technologies Inc. will post 0.21 EPS for the current year.

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.