Signaturefd LLC Boosts Stake in Palantir Technologies Inc. (NYSE:PLTR)

Signaturefd LLC lifted its position in Palantir Technologies Inc. (NYSE:PLTR) by 7.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 36,863 shares of the company’s stock after buying an additional 2,710 shares during the quarter. Signaturefd LLC’s holdings in Palantir Technologies were worth $633,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Lindbrook Capital LLC boosted its position in shares of Palantir Technologies by 44.5% during the 4th quarter. Lindbrook Capital LLC now owns 6,902 shares of the company’s stock worth $119,000 after acquiring an additional 2,127 shares in the last quarter. abrdn plc raised its stake in shares of Palantir Technologies by 104.0% during the 4th quarter. abrdn plc now owns 659,660 shares of the company’s stock worth $11,326,000 after buying an additional 336,360 shares in the last quarter. J.W. Cole Advisors Inc. raised its stake in shares of Palantir Technologies by 28.1% during the 4th quarter. J.W. Cole Advisors Inc. now owns 31,421 shares of the company’s stock worth $539,000 after buying an additional 6,883 shares in the last quarter. Wetzel Investment Advisors Inc. purchased a new position in shares of Palantir Technologies during the 4th quarter worth approximately $50,000. Finally, Institute for Wealth Management LLC. purchased a new position in Palantir Technologies in the 4th quarter valued at approximately $205,000. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Palantir Technologies Stock Up 3.2 %

Shares of PLTR stock opened at $21.64 on Wednesday. The business has a 50 day moving average of $23.64 and a two-hundred day moving average of $19.99. Palantir Technologies Inc. has a 52 week low of $7.28 and a 52 week high of $27.50. The company has a market cap of $47.87 billion, a P/E ratio of 240.42, a PEG ratio of 5.14 and a beta of 2.78.

Palantir Technologies (NYSE:PLTR) last issued its earnings results on Monday, February 5th. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). Palantir Technologies had a net margin of 9.43% and a return on equity of 6.17%. The company had revenue of $608.35 million during the quarter, compared to analyst estimates of $603.48 million. Analysts expect that Palantir Technologies Inc. will post 0.16 EPS for the current fiscal year.

Insider Transactions at Palantir Technologies

In other news, Director Lauren Elaina Friedman Stat sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $25.10, for a total transaction of $125,500.00. Following the completion of the transaction, the director now directly owns 181,830 shares in the company, valued at $4,563,933. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, Director Lauren Elaina Friedman Stat sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $25.10, for a total transaction of $125,500.00. Following the sale, the director now owns 181,830 shares of the company’s stock, valued at $4,563,933. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Heather A. Planishek sold 8,521 shares of the company’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $23.27, for a total value of $198,283.67. Following the completion of the transaction, the insider now directly owns 703,485 shares in the company, valued at approximately $16,370,095.95. The disclosure for this sale can be found here. Over the last three months, insiders sold 7,456,273 shares of company stock worth $184,343,202. Company insiders own 13.96% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Wedbush restated an “outperform” rating and set a $35.00 price objective (up previously from $30.00) on shares of Palantir Technologies in a report on Friday, March 8th. Royal Bank of Canada reissued an “underperform” rating and issued a $5.00 price objective on shares of Palantir Technologies in a research report on Tuesday, February 6th. HSBC lowered Palantir Technologies from a “buy” rating to a “hold” rating and set a $22.00 price objective on the stock. in a research report on Wednesday, February 14th. Citigroup raised Palantir Technologies from a “sell” rating to a “neutral” rating and raised their price objective for the company from $10.00 to $20.00 in a research report on Tuesday, February 6th. Finally, Raymond James lifted their target price on Palantir Technologies from $22.00 to $25.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 6th. Four 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, the company has an average rating of “Hold” and a consensus target price of $18.35.

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.