Duality Advisers LP Increases Stock Position in Palantir Technologies Inc. (NYSE:PLTR)

Duality Advisers LP increased its holdings in Palantir Technologies Inc. (NYSE:PLTR) by 57.2% in the 4th quarter, Holdings Channel reports. The institutional investor owned 239,323 shares of the company’s stock after purchasing an additional 87,095 shares during the period. Duality Advisers LP’s holdings in Palantir Technologies were worth $4,109,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the business. Fiduciary Alliance LLC lifted its stake in Palantir Technologies by 1.0% in the 4th quarter. Fiduciary Alliance LLC now owns 60,776 shares of the company’s stock worth $1,044,000 after purchasing an additional 618 shares in the last quarter. Valeo Financial Advisors LLC raised its position in shares of Palantir Technologies by 2.2% in the fourth quarter. Valeo Financial Advisors LLC now owns 31,371 shares of the company’s stock worth $539,000 after buying an additional 675 shares in the last quarter. Founders Financial Securities LLC boosted its stake in Palantir Technologies by 4.7% during the third quarter. Founders Financial Securities LLC now owns 15,369 shares of the company’s stock valued at $246,000 after buying an additional 690 shares during the period. Truvestments Capital LLC grew its position in Palantir Technologies by 74.9% during the third quarter. Truvestments Capital LLC now owns 1,635 shares of the company’s stock worth $26,000 after buying an additional 700 shares in the last quarter. Finally, Everhart Financial Group Inc. increased its stake in Palantir Technologies by 6.1% in the 4th quarter. Everhart Financial Group Inc. now owns 12,730 shares of the company’s stock worth $219,000 after acquiring an additional 734 shares during the last quarter. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, Director Alexandra W. Schiff sold 5,000 shares of the business’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $24.91, for a total value of $124,550.00. Following the transaction, the director now owns 191,783 shares in the company, valued at $4,777,314.53. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Alexandra W. Schiff sold 5,000 shares of the firm’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $24.91, for a total value of $124,550.00. Following the sale, the director now directly owns 191,783 shares of the company’s stock, valued at $4,777,314.53. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Peter Thiel sold 7,044,756 shares of the business’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $24.79, for a total value of $174,639,501.24. Following the transaction, the director now owns 70,806,432 shares in the company, valued at approximately $1,755,291,449.28. The disclosure for this sale can be found here. Insiders sold 7,456,273 shares of company stock valued at $184,343,202 in the last quarter. Company insiders own 13.96% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Mizuho raised their target price on shares of Palantir Technologies from $18.00 to $21.00 and gave the company a “neutral” rating in a research note on Thursday, March 7th. HSBC cut shares of Palantir Technologies from a “buy” rating to a “hold” rating and set a $22.00 price objective on the stock. in a research report on Wednesday, February 14th. Wedbush reissued an “outperform” rating and issued a $35.00 target price (up previously from $30.00) on shares of Palantir Technologies in a research note on Friday, March 8th. Citigroup upgraded Palantir Technologies from a “sell” rating to a “neutral” rating and raised their price target for the company from $10.00 to $20.00 in a research report on Tuesday, February 6th. Finally, Raymond James upped their price objective on Palantir Technologies from $22.00 to $25.00 and gave the stock an “outperform” rating in a report on Tuesday, February 6th. Four analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Palantir Technologies has a consensus rating of “Hold” and an average target price of $18.35.

Palantir Technologies Stock Performance

PLTR stock traded down $0.66 during trading on Friday, hitting $20.47. 39,632,591 shares of the company traded hands, compared to its average volume of 35,153,176. The company has a 50-day moving average of $23.77 and a 200-day moving average of $19.92. The firm has a market capitalization of $45.29 billion, a PE ratio of 227.44, a P/E/G ratio of 5.02 and a beta of 2.78. Palantir Technologies Inc. has a 1 year low of $7.28 and a 1 year high of $27.50.

Palantir Technologies (NYSE:PLTR) last released its quarterly earnings data on Monday, February 5th. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). Palantir Technologies had a net margin of 9.43% and a return on equity of 6.17%. The company had revenue of $608.35 million for the quarter, compared to analysts’ expectations of $603.48 million. Sell-side analysts expect that Palantir Technologies Inc. will post 0.16 EPS for the current year.

About Palantir Technologies

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.