101,395 Shares in Palantir Technologies Inc. (NYSE:PLTR) Bought by Pursue Wealth Partners LLC

Pursue Wealth Partners LLC bought a new position in Palantir Technologies Inc. (NYSE:PLTR) in the 4th quarter, Holdings Channel.com reports. The firm bought 101,395 shares of the company’s stock, valued at approximately $1,741,000. Palantir Technologies comprises approximately 1.1% of Pursue Wealth Partners LLC’s holdings, making the stock its 27th biggest holding.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. DAVENPORT & Co LLC grew its stake in shares of Palantir Technologies by 8.3% during the third quarter. DAVENPORT & Co LLC now owns 55,852 shares of the company’s stock valued at $894,000 after buying an additional 4,300 shares during the last quarter. Handelsbanken Fonder AB boosted its holdings in Palantir Technologies by 0.3% during the 3rd quarter. Handelsbanken Fonder AB now owns 381,075 shares of the company’s stock valued at $6,097,000 after acquiring an additional 1,000 shares during the period. Valeo Financial Advisors LLC boosted its holdings in Palantir Technologies by 25.8% during the 3rd quarter. Valeo Financial Advisors LLC now owns 30,696 shares of the company’s stock valued at $491,000 after acquiring an additional 6,295 shares during the period. InTrack Investment Management Inc purchased a new stake in Palantir Technologies during the 3rd quarter valued at about $183,000. Finally, Linden Thomas Advisory Services LLC purchased a new stake in Palantir Technologies during the 3rd quarter valued at about $892,000. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Palantir Technologies Stock Up 3.7 %

Shares of PLTR stock traded up $0.81 during trading hours on Friday, hitting $22.52. 33,119,766 shares of the company’s stock traded hands, compared to its average volume of 33,231,036. The stock’s fifty day simple moving average is $23.45 and its two-hundred day simple moving average is $20.06. Palantir Technologies Inc. has a 12-month low of $7.28 and a 12-month high of $27.50. The stock has a market cap of $49.83 billion, a price-to-earnings ratio of 250.25, a PEG ratio of 5.52 and a beta of 2.78.

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

Insider Buying and Selling

In related news, Director Lauren Elaina Friedman Stat sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $25.10, for a total value of $125,500.00. Following the completion of the transaction, the director now directly owns 181,830 shares in the company, valued at approximately $4,563,933. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, Director Lauren Elaina Friedman Stat sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $25.10, for a total value of $125,500.00. Following the completion of the transaction, the director now directly owns 181,830 shares in the company, valued at approximately $4,563,933. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Ryan D. Taylor sold 150,000 shares of the business’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $24.00, for a total transaction of $3,600,000.00. Following the completion of the transaction, the insider now owns 181,460 shares of the company’s stock, valued at $4,355,040. The disclosure for this sale can be found here. Insiders sold a total of 7,456,273 shares of company stock worth $184,343,202 in the last three months. Insiders own 13.96% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on PLTR. Wedbush restated an “outperform” rating and set a $35.00 target price (up from $30.00) on shares of Palantir Technologies in a report on Friday, March 8th. Raymond James upped their price target on Palantir Technologies from $22.00 to $25.00 and gave the company an “outperform” rating in a research report on Tuesday, February 6th. Jefferies Financial Group raised Palantir Technologies from an “underperform” rating to a “hold” rating and upped their price target for the company from $13.00 to $22.00 in a research report on Tuesday, February 6th. Monness Crespi & Hardt raised Palantir Technologies from a “sell” rating to a “neutral” rating in a research report on Friday. Finally, Royal Bank of Canada reaffirmed an “underperform” rating and set a $5.00 price target on shares of Palantir Technologies in a research report on Tuesday, February 6th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Palantir Technologies currently has a consensus rating of “Hold” and a consensus target price of $18.35.

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.