Intellectus Partners LLC Boosts Stock Holdings in Palantir Technologies Inc. (NYSE:PLTR)

Intellectus Partners LLC lifted its stake in shares of Palantir Technologies Inc. (NYSE:PLTR) by 14.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 63,319 shares of the company’s stock after acquiring an additional 8,000 shares during the quarter. Intellectus Partners LLC’s holdings in Palantir Technologies were worth $1,087,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Truvestments Capital LLC grew its holdings in shares of 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 purchasing an additional 700 shares during the last quarter. Pacifica Partners Inc. acquired a new stake in shares of Palantir Technologies during the fourth quarter worth about $27,000. GAMMA Investing LLC acquired a new stake in shares of Palantir Technologies during the fourth quarter worth about $33,000. Provence Wealth Management Group acquired a new stake in shares of Palantir Technologies during the third quarter worth about $34,000. Finally, Glass Jacobson Investment Advisors llc acquired a new stake in shares of Palantir Technologies during the third quarter worth about $35,000. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on PLTR shares. Bank of America increased their target price on shares of Palantir Technologies from $24.00 to $28.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. HSBC cut shares of Palantir Technologies from a “buy” rating to a “hold” rating and set a $22.00 price objective for the company. in a research note on Wednesday, February 14th. Mizuho lifted their target price on shares of Palantir Technologies from $18.00 to $21.00 and gave the stock a “neutral” rating in a research note on Thursday, March 7th. Wedbush reaffirmed an “outperform” rating and issued a $35.00 target price (up from $30.00) on shares of Palantir Technologies in a research note on Friday, March 8th. Finally, Jefferies Financial Group raised shares of Palantir Technologies from an “underperform” rating to a “hold” rating and lifted their target price for the stock from $13.00 to $22.00 in a research note on Tuesday, February 6th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $18.35.

Insider Buying and Selling

In other Palantir Technologies news, Director Alexandra W. Schiff sold 5,000 shares of the company’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 completion of the transaction, the director now directly owns 191,783 shares of the company’s stock, valued at approximately $4,777,314.53. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, insider Ryan D. Taylor sold 150,000 shares of the company’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $24.00, for a total value of $3,600,000.00. Following the sale, the insider now owns 181,460 shares in the company, valued at approximately $4,355,040. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Alexandra W. Schiff sold 5,000 shares of the company’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $24.91, for a total transaction of $124,550.00. Following the completion of the sale, the director now owns 191,783 shares in the company, valued at approximately $4,777,314.53. The disclosure for this sale can be found here. In the last three months, insiders sold 7,456,273 shares of company stock valued at $184,343,202. Company insiders own 13.96% of the company’s stock.

Palantir Technologies Stock Up 3.7 %

Shares of NYSE PLTR traded up $0.81 during trading on Friday, hitting $22.52. 33,119,766 shares of the company traded hands, compared to its average volume of 33,231,036. The company has a 50-day moving average price of $23.45 and a 200-day moving average price of $20.06. Palantir Technologies Inc. has a 1 year low of $7.28 and a 1 year high of $27.50. The firm has a market capitalization of $49.83 billion, a P/E ratio of 250.25, a P/E/G ratio of 5.52 and a beta of 2.78.

Palantir Technologies (NYSE:PLTR) last announced its quarterly earnings results 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 return on equity of 6.17% and a net margin of 9.43%. The business had revenue of $608.35 million for the quarter, compared to analysts’ expectations of $603.48 million. Research analysts predict that Palantir Technologies Inc. will post 0.16 EPS for the current fiscal year.

Palantir Technologies Profile

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.