Westside Investment Management Inc. Sells 397 Shares of Palantir Technologies Inc. (NASDAQ:PLTR)

Westside Investment Management Inc. decreased its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 33.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 803 shares of the company’s stock after selling 397 shares during the period. Westside Investment Management Inc.’s holdings in Palantir Technologies were worth $61,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of PLTR. Magnus Financial Group LLC raised its stake in Palantir Technologies by 3.4% in the fourth quarter. Magnus Financial Group LLC now owns 27,981 shares of the company’s stock valued at $2,116,000 after purchasing an additional 915 shares in the last quarter. Daymark Wealth Partners LLC lifted its holdings in shares of Palantir Technologies by 38.1% during the 4th quarter. Daymark Wealth Partners LLC now owns 9,680 shares of the company’s stock worth $732,000 after acquiring an additional 2,670 shares during the period. Global Trust Asset Management LLC boosted its position in shares of Palantir Technologies by 8.6% during the 4th quarter. Global Trust Asset Management LLC now owns 46,526 shares of the company’s stock worth $3,519,000 after acquiring an additional 3,680 shares in the last quarter. Advisory Alpha LLC bought a new position in Palantir Technologies in the fourth quarter valued at approximately $362,000. Finally, XML Financial LLC raised its position in Palantir Technologies by 7.6% during the fourth quarter. XML Financial LLC now owns 7,097 shares of the company’s stock valued at $537,000 after purchasing an additional 500 shares in the last quarter. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Palantir Technologies Stock Performance

Shares of PLTR stock opened at $76.87 on Thursday. 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 50 day simple moving average of $70.98 and a two-hundred day simple moving average of $48.12. The company has a market cap of $175.11 billion, a P/E ratio of 384.37, a PEG ratio of 6.73 and a beta of 2.82.

Palantir Technologies (NASDAQ:PLTR) last released its quarterly earnings data on Monday, November 4th. The company reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.01. Palantir Technologies had a net margin of 18.01% and a return on equity of 9.94%. The company had revenue of $725.52 million during the quarter, compared to analyst estimates of $705.11 million. During the same quarter in the previous year, the business posted $0.03 EPS. Palantir Technologies’s revenue for the quarter was up 30.0% compared to the same quarter last year. On average, research analysts predict that Palantir Technologies Inc. will post 0.2 earnings per share for the current year.

Insider Transactions at Palantir Technologies

In other Palantir Technologies news, insider Shyam Sankar sold 5,250,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $70.08, for a total transaction of $367,920,000.00. Following the completion of the sale, the insider now directly owns 752,786 shares of the company’s stock, valued at approximately $52,755,242.88. The trade was a 87.46 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Ryan D. Taylor sold 123,334 shares of the firm’s stock in a transaction that occurred on Friday, October 25th. The shares were 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 owns 331,369 shares in the company, valued at $14,911,605. This represents a 27.12 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 23,642,189 shares of company stock valued at $1,444,232,453 over the last ninety days. 12.93% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on PLTR shares. Argus lowered Palantir Technologies from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. Mizuho boosted their target price on Palantir Technologies from $37.00 to $44.00 and gave the stock an “underperform” rating in a research note on Friday, December 13th. The Goldman Sachs Group raised their price target on shares of Palantir Technologies from $16.00 to $41.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Baird R W upgraded shares of Palantir Technologies to a “hold” rating in a research report on Thursday, December 12th. Finally, Robert W. Baird assumed coverage on shares of Palantir Technologies in a research note on Thursday, December 12th. They issued a “neutral” rating and a $70.00 price objective for the company. Seven analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $43.78.

Palantir Technologies Company Profile

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.