Range Financial Group LLC Purchases New Position in Palantir Technologies Inc. (NASDAQ:PLTR)

Range Financial Group LLC acquired a new position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 6,959 shares of the company’s stock, valued at approximately $526,000.

Several other institutional investors and hedge funds also recently made changes to their positions in PLTR. Natixis Advisors LLC bought a new stake in Palantir Technologies during the second quarter worth about $274,000. TD Asset Management Inc increased its holdings in Palantir Technologies by 7.1% during the 2nd quarter. TD Asset Management Inc now owns 468,890 shares of the company’s stock valued at $11,877,000 after purchasing an additional 31,047 shares in the last quarter. Victory Capital Management Inc. raised its position in Palantir Technologies by 18.4% in the 2nd quarter. Victory Capital Management Inc. now owns 660,076 shares of the company’s stock valued at $16,720,000 after purchasing an additional 102,758 shares during the last quarter. Private Advisor Group LLC boosted its stake in Palantir Technologies by 12.2% in the second quarter. Private Advisor Group LLC now owns 364,841 shares of the company’s stock worth $9,241,000 after purchasing an additional 39,632 shares in the last quarter. Finally, Candriam S.C.A. grew its holdings in shares of Palantir Technologies by 4.6% during the second quarter. Candriam S.C.A. now owns 97,668 shares of the company’s stock worth $2,474,000 after purchasing an additional 4,285 shares during the last quarter. Institutional investors and hedge funds own 45.65% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on PLTR. Raymond James lowered shares of Palantir Technologies from an “outperform” rating to a “market perform” rating in a report on Monday, September 23rd. Mizuho upped their price objective on Palantir Technologies from $37.00 to $44.00 and gave the stock an “underperform” rating in a report on Friday, December 13th. Bank of America upped their price target on Palantir Technologies from $55.00 to $75.00 and gave the company a “buy” rating in a research note on Monday, November 25th. Baird R W raised shares of Palantir Technologies to a “hold” rating in a research note on Thursday, December 12th. Finally, Morgan Stanley reissued an “underweight” rating and set a $60.00 price target on shares of Palantir Technologies in a research note on Monday. Seven analysts have rated the stock with a sell rating, eleven have given a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $42.12.

Insider Transactions at Palantir Technologies

In other Palantir Technologies news, insider Heather A. Planishek sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $49.96, for a total value of $999,200.00. Following the completion of the transaction, the insider now directly owns 562,006 shares in the company, valued at $28,077,819.76. This trade represents a 3.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Lauren Elaina Friedman Stat sold 7,321 shares of the business’s stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of $43.90, for a total value of $321,391.90. Following the transaction, the director now directly owns 138,304 shares in the company, valued at $6,071,545.60. This trade represents a 5.03 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 23,645,510 shares of company stock valued at $1,444,267,325 in the last ninety days. 12.93% of the stock is currently owned by corporate insiders.

Palantir Technologies Stock Down 7.8 %

Shares of NASDAQ:PLTR traded down $5.93 during midday trading on Tuesday, reaching $69.99. 90,611,645 shares of the company were exchanged, compared to its average volume of 82,443,367. The firm has a market cap of $159.44 billion, a PE ratio of 349.97, a P/E/G ratio of 10.18 and a beta of 2.82. Palantir Technologies Inc. has a fifty-two week low of $16.03 and a fifty-two week high of $84.80. The stock has a fifty day simple moving average of $66.90 and a two-hundred day simple moving average of $44.73.

Palantir Technologies (NASDAQ:PLTR) last issued 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. The company had revenue of $725.52 million for the quarter, compared to analyst estimates of $705.11 million. Palantir Technologies had a return on equity of 9.94% and a net margin of 18.01%. The company’s quarterly revenue was up 30.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.03 earnings per share. As a group, analysts forecast that Palantir Technologies Inc. will post 0.21 earnings per share for the current year.

Palantir Technologies Company Profile

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.