Inman Jager Wealth Management LLC Takes Position in Palantir Technologies Inc. (NASDAQ:PLTR)

Inman Jager Wealth Management LLC acquired a new position in Palantir Technologies Inc. (NASDAQ:PLTR) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 12,075 shares of the company’s stock, valued at approximately $913,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. First PREMIER Bank bought a new stake in shares of Palantir Technologies during the 4th quarter valued at about $28,000. Wolff Wiese Magana LLC raised its holdings in Palantir Technologies by 230.4% in the fourth quarter. Wolff Wiese Magana LLC now owns 380 shares of the company’s stock worth $29,000 after buying an additional 265 shares during the last quarter. R Squared Ltd purchased a new position in Palantir Technologies in the fourth quarter worth about $33,000. Valley National Advisers Inc. raised its holdings in Palantir Technologies by 181.3% in the fourth quarter. Valley National Advisers Inc. now owns 512 shares of the company’s stock worth $38,000 after buying an additional 330 shares during the last quarter. Finally, Concord Wealth Partners raised its holdings in shares of Palantir Technologies by 132.2% during the fourth quarter. Concord Wealth Partners now owns 527 shares of the company’s stock valued at $40,000 after purchasing an additional 300 shares during the last quarter. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Palantir Technologies Stock Down 2.4 %

Shares of PLTR opened at $101.36 on Thursday. Palantir Technologies Inc. has a 52-week low of $19.76 and a 52-week high of $106.91. The firm has a market cap of $230.90 billion, a price-to-earnings ratio of 506.83, a PEG ratio of 7.54 and a beta of 2.81. The business’s 50 day moving average is $74.85 and its two-hundred day moving average is $51.92.

Palantir Technologies (NASDAQ:PLTR) last issued its quarterly earnings data on Monday, November 4th. The company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.01. Palantir Technologies had a return on equity of 9.94% and a net margin of 18.01%. The firm had revenue of $725.52 million during the quarter, compared to the consensus estimate of $705.11 million. During the same period in the prior year, the business earned $0.03 EPS. The firm’s revenue was up 30.0% on a year-over-year basis. On average, equities analysts expect that Palantir Technologies Inc. will post 0.19 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

PLTR has been the subject of several recent research reports. William Blair restated an “underperform” rating on shares of Palantir Technologies in a research report on Wednesday, December 18th. Bank of America upped their target price on shares of Palantir Technologies from $90.00 to $125.00 and gave the stock a “buy” rating in a research report on Tuesday. Mizuho upped their price target on shares of Palantir Technologies from $44.00 to $80.00 and gave the company an “underperform” rating in a research note on Tuesday. Baird R W raised shares of Palantir Technologies to a “hold” rating in a research note on Thursday, December 12th. Finally, DA Davidson increased their target price on shares of Palantir Technologies from $47.00 to $105.00 and gave the company a “neutral” rating in a research note on Tuesday. Six investment analysts have rated the stock with a sell rating, twelve have given a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $69.44.

Insider Activity

In other Palantir Technologies news, Director Lauren Elaina Friedman Stat sold 800 shares of the company’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $76.29, for a total value of $61,032.00. Following the transaction, the director now directly owns 62,139 shares of the company’s stock, valued at $4,740,584.31. This represents a 1.27 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Alexandra W. Schiff sold 4,000 shares of the stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $71.63, for a total value of $286,520.00. Following the transaction, the director now directly owns 195,393 shares in the company, valued at approximately $13,996,000.59. This represents a 2.01 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 15,653,753 shares of company stock worth $1,039,407,675 over the last 90 days. 12.93% of the stock is currently owned by company insiders.

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.