Financial Management Professionals Inc. Grows Holdings in Palantir Technologies Inc. (NASDAQ:PLTR)

Financial Management Professionals Inc. raised its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 171.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 543 shares of the company’s stock after buying an additional 343 shares during the period. Financial Management Professionals Inc.’s holdings in Palantir Technologies were worth $41,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of the company. Northwest Investment Counselors LLC bought a new stake in shares of Palantir Technologies during the 3rd quarter worth $25,000. Prestige Wealth Management Group LLC increased its holdings in Palantir Technologies by 747.1% during the third quarter. Prestige Wealth Management Group LLC now owns 737 shares of the company’s stock worth $27,000 after buying an additional 650 shares during the last quarter. Wolff Wiese Magana LLC raised its position 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 acquiring an additional 265 shares during the period. University of Texas Texas AM Investment Management Co. purchased a new position in Palantir Technologies in the second quarter valued at about $30,000. Finally, Ashburton Jersey Ltd purchased a new position in Palantir Technologies in the second quarter valued at about $36,000. Institutional investors own 45.65% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Wedbush increased their price objective on Palantir Technologies from $57.00 to $75.00 and gave the company an “outperform” rating in a report on Monday, November 25th. The Goldman Sachs Group increased their price target on Palantir Technologies from $16.00 to $41.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Northland Securities boosted their price objective on Palantir Technologies from $35.00 to $38.00 and gave the company a “market perform” rating in a research note on Tuesday, November 5th. Raymond James downgraded shares of Palantir Technologies from an “outperform” rating to a “market perform” rating in a report on Monday, September 23rd. Finally, Mizuho lifted their target price on shares of Palantir Technologies from $37.00 to $44.00 and gave the stock an “underperform” rating in a research note on Friday, December 13th. Seven equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $43.78.

Palantir Technologies Trading Up 3.7 %

Palantir Technologies stock opened at $71.77 on Monday. Palantir Technologies Inc. has a 12-month low of $16.03 and a 12-month high of $84.80. The firm has a market capitalization of $163.49 billion, a price-to-earnings ratio of 358.87, a P/E/G ratio of 6.24 and a beta of 2.82. The firm has a 50 day moving average of $70.49 and a 200 day moving average of $47.32.

Palantir Technologies (NASDAQ:PLTR) last posted its quarterly earnings results on Monday, November 4th. The company reported $0.10 EPS for the quarter, beating 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 business had revenue of $725.52 million for the quarter, compared to analysts’ expectations of $705.11 million. During the same period last year, the firm earned $0.03 earnings per share. The business’s quarterly revenue was up 30.0% on a year-over-year basis. On average, analysts predict that Palantir Technologies Inc. will post 0.2 EPS for the current year.

Insider Activity at Palantir Technologies

In other Palantir Technologies news, Director Lauren Elaina Friedman Stat sold 10,721 shares of the firm’s stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $76.78, for a total transaction of $823,158.38. Following the completion of the transaction, the director now owns 100,923 shares in the company, valued at $7,748,867.94. This trade represents a 9.60 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Alexandra W. Schiff sold 4,000 shares of the company’s stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $71.63, for a total transaction of $286,520.00. Following the sale, the director now directly owns 195,393 shares in the company, valued at approximately $13,996,000.59. The trade was a 2.01 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 23,642,189 shares of company stock valued at $1,444,232,453. Corporate insiders own 12.93% of the company’s stock.

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.