Money Concepts Capital Corp Has $3.57 Million Position in Palantir Technologies Inc. (NASDAQ:PLTR)

Money Concepts Capital Corp lessened its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 11.9% in the fourth quarter, Holdings Channel.com reports. The fund owned 47,194 shares of the company’s stock after selling 6,348 shares during the quarter. Money Concepts Capital Corp’s holdings in Palantir Technologies were worth $3,569,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. First PREMIER Bank acquired a new stake in shares of Palantir Technologies during the fourth quarter worth $28,000. Wolff Wiese Magana LLC grew its position in shares of Palantir Technologies by 230.4% during the 4th quarter. Wolff Wiese Magana LLC now owns 380 shares of the company’s stock worth $29,000 after buying an additional 265 shares during the period. R Squared Ltd bought a new stake in shares of Palantir Technologies in the 4th quarter valued at about $33,000. Valley National Advisers Inc. raised its position in shares of Palantir Technologies by 181.3% in the 4th quarter. Valley National Advisers Inc. now owns 512 shares of the company’s stock valued at $38,000 after acquiring an additional 330 shares during the period. Finally, Concord Wealth Partners boosted its stake in Palantir Technologies by 132.2% during the 4th quarter. Concord Wealth Partners now owns 527 shares of the company’s stock worth $40,000 after acquiring an additional 300 shares during the last quarter. Institutional investors own 45.65% of the company’s stock.

Palantir Technologies Trading Up 24.0 %

NASDAQ:PLTR opened at $103.83 on Wednesday. The stock has a market capitalization of $236.53 billion, a PE ratio of 519.18, a P/E/G 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. The firm has a fifty day simple moving average of $74.85 and a 200 day simple moving average of $51.92.

Palantir Technologies (NASDAQ:PLTR) last announced its quarterly earnings data on Monday, November 4th. The company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $705.11 million. During the same quarter last year, the firm posted $0.03 EPS. The company’s quarterly revenue was up 30.0% on a year-over-year basis. On average, equities analysts predict that Palantir Technologies Inc. will post 0.19 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Alexandra W. Schiff sold 4,000 shares of Palantir Technologies 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 completion of the sale, the director now owns 195,393 shares of the company’s stock, valued at approximately $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 accessible through the SEC website. Also, Director Lauren Elaina Friedman Stat sold 10,721 shares of the stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $76.78, for a total transaction of $823,158.38. Following the completion of the transaction, the director now directly owns 100,923 shares in the company, valued at approximately $7,748,867.94. This represents a 9.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 20,153,753 shares of company stock worth $1,287,042,675. Company insiders own 12.93% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on PLTR. William Blair reiterated an “underperform” rating on shares of Palantir Technologies in a report on Wednesday, December 18th. Wedbush raised their price objective on Palantir Technologies from $75.00 to $90.00 and gave the stock an “outperform” rating in a research note on Thursday, January 23rd. Jefferies Financial Group raised their price target on Palantir Technologies from $28.00 to $60.00 and gave the stock an “underperform” rating in a research report on Tuesday. The Goldman Sachs Group boosted their price objective on Palantir Technologies from $16.00 to $41.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Finally, DA Davidson raised their target price on shares of Palantir Technologies from $47.00 to $105.00 and gave the stock a “neutral” rating in a report on Tuesday. Six analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Palantir Technologies currently has an average rating of “Hold” and an average target price of $64.89.

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.