Waldron Private Wealth LLC Has $1.48 Million Position in Palantir Technologies Inc. $PLTR

Waldron Private Wealth LLC grew its position in Palantir Technologies Inc. (NASDAQ:PLTRFree Report) by 557.1% during the 4th quarter, HoldingsChannel reports. The firm owned 8,338 shares of the company’s stock after purchasing an additional 7,069 shares during the quarter. Waldron Private Wealth LLC’s holdings in Palantir Technologies were worth $1,482,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Acropolis Investment Management LLC increased its position in shares of Palantir Technologies by 13.9% in the 4th quarter. Acropolis Investment Management LLC now owns 5,578 shares of the company’s stock valued at $991,000 after buying an additional 682 shares in the last quarter. ACT Advisors LLC. grew its stake in Palantir Technologies by 5.1% in the fourth quarter. ACT Advisors LLC. now owns 1,880 shares of the company’s stock valued at $334,000 after acquiring an additional 91 shares during the period. Legal Advantage Investments Inc. increased its holdings in shares of Palantir Technologies by 7.6% in the fourth quarter. Legal Advantage Investments Inc. now owns 42,155 shares of the company’s stock worth $7,493,000 after acquiring an additional 2,980 shares in the last quarter. Quad Cities Investment Group LLC raised its position in shares of Palantir Technologies by 84.7% during the fourth quarter. Quad Cities Investment Group LLC now owns 2,106 shares of the company’s stock worth $374,000 after purchasing an additional 966 shares during the period. Finally, Southland Equity Partners LLC raised its position in shares of Palantir Technologies by 12.4% during the fourth quarter. Southland Equity Partners LLC now owns 3,390 shares of the company’s stock worth $603,000 after purchasing an additional 374 shares during the period. Institutional investors and hedge funds own 45.65% of the company’s stock.

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, insider Ryan D. Taylor sold 19,988 shares of Palantir Technologies stock in a transaction on Friday, February 20th. The shares were sold at an average price of $133.72, for a total value of $2,672,795.36. Following the sale, the insider directly owned 219,421 shares in the company, valued at approximately $29,340,976.12. The trade was a 8.35% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Alexander C. Karp sold 493,025 shares of the business’s stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $133.78, for a total transaction of $65,956,884.50. Following the sale, the insider directly owned 6,432,258 shares in the company, valued at $860,507,475.24. This trade represents a 7.12% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 1,045,279 shares of company stock valued at $140,539,043 in the last three months. 9.23% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on PLTR shares. William Blair upgraded Palantir Technologies from a “market perform” rating to an “outperform” rating in a research report on Monday, February 2nd. Rosenblatt Securities restated a “buy” rating and set a $200.00 target price on shares of Palantir Technologies in a report on Wednesday. Mizuho raised shares of Palantir Technologies from a “neutral” rating to an “outperform” rating and set a $195.00 price target on the stock in a research note on Wednesday, February 18th. Freedom Capital upgraded shares of Palantir Technologies from a “strong sell” rating to a “strong-buy” rating in a report on Friday, February 13th. Finally, Jefferies Financial Group set a $208.00 price objective on shares of Palantir Technologies in a research report on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $198.59.

View Our Latest Research Report on Palantir Technologies

Palantir Technologies Stock Performance

Shares of Palantir Technologies stock opened at $143.06 on Friday. The firm has a market cap of $342.15 billion, a PE ratio of 227.08, a P/E/G ratio of 2.84 and a beta of 1.70. The business’s 50 day simple moving average is $148.06 and its 200 day simple moving average is $168.53. Palantir Technologies Inc. has a 52-week low of $66.12 and a 52-week high of $207.52.

Palantir Technologies (NASDAQ:PLTRGet Free Report) last released its quarterly earnings results on Monday, February 2nd. The company reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.02. The firm had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.34 billion. Palantir Technologies had a return on equity of 23.81% and a net margin of 36.31%.The business’s revenue was up 70.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.14 EPS. As a group, equities research analysts predict that Palantir Technologies Inc. will post 0.31 EPS for the current year.

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About Palantir Technologies

(Free Report)

Palantir Technologies is a software company that develops data integration, analytics and operational decision-making platforms for government and commercial customers. Founded in 2003 by a team that included Alex Karp and Peter Thiel, Palantir has grown into a provider of enterprise-scale software designed to help organizations integrate disparate data sources, build analytic models and drive operational workflows. The company went public in 2020 and continues to position its products around large, complex data projects where security, provenance and real-time collaboration are important.

Palantir’s product portfolio centers on a small number of core platforms.

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

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