Palantir Technologies Inc. (NASDAQ:PLTR) Shares Bought by Stratos Wealth Partners LTD.

Stratos Wealth Partners LTD. raised its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 9.0% during the 4th quarter, Holdings Channel reports. The firm owned 185,861 shares of the company’s stock after buying an additional 15,362 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in Palantir Technologies were worth $14,057,000 as of its most recent filing with the SEC.

Other institutional investors have also recently modified their holdings of the company. Retirement Systems of Alabama increased its holdings in Palantir Technologies by 0.8% in the 4th quarter. Retirement Systems of Alabama now owns 443,805 shares of the company’s stock worth $33,565,000 after buying an additional 3,687 shares during the period. Silverlake Wealth Management LLC boosted its holdings in shares of Palantir Technologies by 6.1% in the 4th quarter. Silverlake Wealth Management LLC now owns 5,836 shares of the company’s stock valued at $441,000 after acquiring an additional 338 shares during the last quarter. Old North State Wealth Management LLC acquired a new stake in shares of Palantir Technologies in the fourth quarter worth $216,000. RFG Holdings Inc. raised its holdings in shares of Palantir Technologies by 61.3% during the fourth quarter. RFG Holdings Inc. now owns 12,126 shares of the company’s stock worth $917,000 after purchasing an additional 4,609 shares during the last quarter. Finally, Mather Group LLC. lifted its position in Palantir Technologies by 101.4% during the fourth quarter. Mather Group LLC. now owns 890 shares of the company’s stock valued at $67,000 after purchasing an additional 448 shares during the period. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. UBS Group lifted their price objective on Palantir Technologies from $80.00 to $105.00 and gave the company a “neutral” rating in a research note on Tuesday. Cantor Fitzgerald lifted their price target on Palantir Technologies from $72.00 to $98.00 and gave the company a “neutral” rating in a research report on Tuesday. Morgan Stanley upgraded Palantir Technologies from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $60.00 to $95.00 in a research report on Tuesday. William Blair reaffirmed an “underperform” rating on shares of Palantir Technologies in a report on Wednesday, December 18th. Finally, Argus downgraded shares of Palantir Technologies from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. Six equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $64.89.

Palantir Technologies Price Performance

NASDAQ PLTR opened at $103.83 on Wednesday. The stock’s 50 day simple moving average is $74.09 and its 200-day simple moving average is $51.39. The company has a market cap of $236.53 billion, a PE ratio of 519.18, a price-to-earnings-growth ratio of 7.54 and a beta of 2.81. Palantir Technologies Inc. has a 1-year low of $16.48 and a 1-year high of $106.91.

Palantir Technologies (NASDAQ:PLTR) last announced its quarterly earnings data on Monday, November 4th. The company reported $0.10 earnings per share 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 firm’s revenue for the quarter was up 30.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.03 EPS. On average, equities research analysts anticipate that Palantir Technologies Inc. will post 0.19 EPS for the current fiscal year.

Insider Activity at Palantir Technologies

In other Palantir Technologies news, Director Lauren Elaina Friedman Stat sold 800 shares of the company’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $76.29, for a total value of $61,032.00. Following the completion of the sale, the director now directly owns 62,139 shares in the company, valued at $4,740,584.31. This represents a 1.27 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Alexander C. Karp sold 4,500,000 shares of Palantir Technologies stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $55.03, for a total value of $247,635,000.00. Following the transaction, the insider now owns 6,432,258 shares in the company, valued at approximately $353,967,157.74. This represents a 41.16 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 20,153,753 shares of company stock valued at $1,287,042,675. Corporate insiders own 12.93% of the company’s stock.

About Palantir Technologies

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.