Treasurer of the State of North Carolina Acquires 22,440 Shares of Palantir Technologies Inc. (NYSE:PLTR)

Treasurer of the State of North Carolina grew its stake in shares of Palantir Technologies Inc. (NYSE:PLTRFree Report) by 2.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 869,649 shares of the company’s stock after buying an additional 22,440 shares during the quarter. Treasurer of the State of North Carolina’s holdings in Palantir Technologies were worth $14,932,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Pacifica Partners Inc. purchased a new position in shares of Palantir Technologies in the fourth quarter worth $27,000. First United Bank & Trust purchased a new position in shares of Palantir Technologies in the fourth quarter valued at about $26,000. Truvestments Capital LLC raised its stake 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 valued at $26,000 after acquiring an additional 700 shares during the last quarter. SJS Investment Consulting Inc. raised its stake in shares of Palantir Technologies by 1,197.4% during the fourth quarter. SJS Investment Consulting Inc. now owns 2,011 shares of the company’s stock valued at $35,000 after acquiring an additional 1,856 shares during the last quarter. Finally, GAMMA Investing LLC purchased a new stake in shares of Palantir Technologies during the fourth quarter worth about $33,000. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Palantir Technologies Stock Performance

NYSE:PLTR opened at $21.73 on Friday. The firm has a market cap of $48.38 billion, a P/E ratio of 181.06, a P/E/G ratio of 4.83 and a beta of 2.76. Palantir Technologies Inc. has a fifty-two week low of $13.56 and a fifty-two week high of $27.50. The firm has a 50-day simple moving average of $22.15 and a two-hundred day simple moving average of $20.81.

Palantir Technologies (NYSE:PLTRGet Free Report) last announced its quarterly earnings data on Monday, May 6th. The company reported $0.04 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.04. The company had revenue of $634.34 million during the quarter, compared to analyst estimates of $614.88 million. Palantir Technologies had a net margin of 12.79% and a return on equity of 8.28%. On average, equities research analysts predict that Palantir Technologies Inc. will post 0.16 EPS for the current year.

Insider Transactions at Palantir Technologies

In other Palantir Technologies news, insider Heather A. Planishek sold 2,398 shares of the business’s stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $21.30, for a total value of $51,077.40. Following the completion of the transaction, the insider now owns 639,696 shares of the company’s stock, valued at approximately $13,625,524.80. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, Director Alexandra W. Schiff sold 5,000 shares of the company’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $22.74, for a total transaction of $113,700.00. Following the completion of the sale, the director now owns 186,783 shares of the company’s stock, valued at approximately $4,247,445.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Heather A. Planishek sold 2,398 shares of the firm’s stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $21.30, for a total transaction of $51,077.40. Following the completion of the transaction, the insider now directly owns 639,696 shares in the company, valued at approximately $13,625,524.80. The disclosure for this sale can be found here. Insiders sold 18,407,722 shares of company stock worth $414,449,200 over the last quarter. 12.93% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms recently weighed in on PLTR. Jefferies Financial Group upgraded shares of Palantir Technologies from an “underperform” rating to a “hold” rating and lifted their price target for the company from $13.00 to $22.00 in a report on Tuesday, February 6th. Monness Crespi & Hardt upgraded shares of Palantir Technologies from a “sell” rating to a “neutral” rating in a research report on Friday, April 26th. William Blair reissued an “underperform” rating on shares of Palantir Technologies in a research note on Tuesday, May 7th. Bank of America lifted their price objective on Palantir Technologies from $24.00 to $28.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. Finally, Raymond James raised their target price on Palantir Technologies from $22.00 to $25.00 and gave the company an “outperform” rating in a research note on Tuesday, February 6th. Five research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $20.65.

Read Our Latest Stock Report on Palantir Technologies

Palantir Technologies Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Palantir Technologies (NYSE:PLTR)

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