Yousif Capital Management LLC Has $17.85 Million Stake in Palantir Technologies Inc. (NASDAQ:PLTR)

Yousif Capital Management LLC trimmed its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 12.7% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 235,989 shares of the company’s stock after selling 34,275 shares during the period. Yousif Capital Management LLC’s holdings in Palantir Technologies were worth $17,848,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the business. Retirement Systems of Alabama increased its position in Palantir Technologies by 0.8% during the fourth 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 last quarter. Silverlake Wealth Management LLC grew its position in shares of Palantir Technologies by 6.1% in the fourth quarter. Silverlake Wealth Management LLC now owns 5,836 shares of the company’s stock valued at $441,000 after purchasing an additional 338 shares during the last quarter. Old North State Wealth Management LLC bought a new stake in shares of Palantir Technologies in the fourth quarter valued at about $216,000. RFG Holdings Inc. lifted its stake in shares of Palantir Technologies by 61.3% in the fourth quarter. RFG Holdings Inc. now owns 12,126 shares of the company’s stock valued at $917,000 after buying an additional 4,609 shares during the period. Finally, Mather Group LLC. lifted its stake in shares of Palantir Technologies by 101.4% in the fourth quarter. Mather Group LLC. now owns 890 shares of the company’s stock valued at $67,000 after buying an additional 448 shares during the period. 45.65% of the stock is owned by institutional investors and hedge funds.

Palantir Technologies Stock Up 24.0 %

Shares of PLTR stock opened at $103.83 on Wednesday. Palantir Technologies Inc. has a 12-month low of $16.48 and a 12-month high of $106.91. The firm has a market capitalization of $236.53 billion, a price-to-earnings ratio of 519.18, a price-to-earnings-growth ratio of 7.54 and a beta of 2.81. The firm has a fifty day moving average of $74.09 and a 200-day moving average of $51.39.

Palantir Technologies (NASDAQ:PLTR) last announced its quarterly earnings results on Monday, November 4th. The company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.01. Palantir Technologies had a net margin of 18.01% and a return on equity of 9.94%. The company had revenue of $725.52 million during the quarter, compared to analyst estimates of $705.11 million. During the same quarter in the previous year, the business earned $0.03 EPS. The firm’s revenue was up 30.0% on a year-over-year basis. Research analysts expect that Palantir Technologies Inc. will post 0.19 earnings per share for the current year.

Insider Activity

In other Palantir Technologies news, Director Alexandra W. Schiff sold 4,000 shares of the business’s stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $71.63, for a total transaction of $286,520.00. Following the sale, the director now directly owns 195,393 shares of the company’s stock, valued at $13,996,000.59. The trade was a 2.01 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Alexander C. Karp sold 4,500,000 shares of the business’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $55.03, for a total transaction of $247,635,000.00. Following the sale, the insider now directly owns 6,432,258 shares in the company, valued at $353,967,157.74. This trade represents a 41.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 20,153,753 shares of company stock valued at $1,287,042,675 in the last quarter. Company insiders own 12.93% of the company’s stock.

Analysts Set New Price Targets

PLTR has been the subject of several research reports. Royal Bank of Canada increased their target price on shares of Palantir Technologies from $11.00 to $40.00 and gave the company an “underperform” rating in a research note on Tuesday. Argus cut shares of Palantir Technologies from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. Morgan Stanley upgraded shares of Palantir Technologies from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $60.00 to $95.00 in a research note on Tuesday. Jefferies Financial Group raised their price target on shares of Palantir Technologies from $28.00 to $60.00 and gave the stock an “underperform” rating in a research note on Tuesday. Finally, Wedbush raised their price target on shares of Palantir Technologies from $75.00 to $90.00 and gave the stock an “outperform” rating in a research note on Thursday, January 23rd. Six investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $64.89.

Palantir Technologies 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.