Atlas Private Wealth Advisors Boosts Stake in Palantir Technologies Inc. (NYSE:PLTR)

Atlas Private Wealth Advisors grew its position in shares of Palantir Technologies Inc. (NYSE:PLTR) by 21.6% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 26,166 shares of the company’s stock after acquiring an additional 4,650 shares during the period. Atlas Private Wealth Advisors’ holdings in Palantir Technologies were worth $449,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Truvestments Capital LLC grew its stake in shares of Palantir Technologies by 74.9% in the 3rd quarter. Truvestments Capital LLC now owns 1,635 shares of the company’s stock worth $26,000 after buying an additional 700 shares during the last quarter. Pacifica Partners Inc. bought a new stake in Palantir Technologies in the fourth quarter worth $27,000. Resurgent Financial Advisors LLC bought a new stake in Palantir Technologies in the fourth quarter worth $28,000. Provence Wealth Management Group bought a new stake in Palantir Technologies in the third quarter worth $34,000. Finally, Glass Jacobson Investment Advisors llc bought a new stake in Palantir Technologies in the third quarter worth $35,000. Hedge funds and other institutional investors own 34.21% of the company’s stock.

Insiders Place Their Bets

In related news, Director Peter Thiel sold 7,044,756 shares of the stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $24.79, for a total transaction of $174,639,501.24. Following the completion of the sale, the director now owns 70,806,432 shares in the company, valued at $1,755,291,449.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Palantir Technologies news, insider Ryan D. Taylor sold 150,000 shares of Palantir Technologies stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $24.00, for a total transaction of $3,600,000.00. Following the completion of the transaction, the insider now directly owns 181,460 shares of the company’s stock, valued at $4,355,040. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Peter Thiel sold 7,044,756 shares of the business’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $24.79, for a total transaction of $174,639,501.24. Following the transaction, the director now owns 70,806,432 shares in the company, valued at approximately $1,755,291,449.28. The disclosure for this sale can be found here. Insiders sold a total of 7,449,273 shares of company stock worth $184,151,862 over the last three months. 13.96% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms have commented on PLTR. Wedbush reissued an “outperform” rating and issued a $35.00 target price (up from $30.00) on shares of Palantir Technologies in a report on Friday, March 8th. Jefferies Financial Group upgraded shares of Palantir Technologies from an “underperform” rating to a “hold” rating and increased their price target for the company from $13.00 to $22.00 in a report on Tuesday, February 6th. Mizuho increased their price target on shares of Palantir Technologies from $18.00 to $21.00 and gave the company a “neutral” rating in a report on Thursday, March 7th. HSBC downgraded Palantir Technologies from a “buy” rating to a “hold” rating and set a $22.00 price objective for the company. in a report on Wednesday, February 14th. Finally, Citigroup upgraded Palantir Technologies from a “sell” rating to a “neutral” rating and lifted their price objective for the stock from $10.00 to $20.00 in a report on Tuesday, February 6th. Four equities research analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $18.21.

Palantir Technologies Price Performance

Shares of NYSE:PLTR traded up $0.51 during trading on Monday, hitting $24.00. The company’s stock had a trading volume of 43,488,889 shares, compared to its average volume of 76,497,719. The company has a 50-day moving average of $21.31 and a 200-day moving average of $18.60. Palantir Technologies Inc. has a 12 month low of $7.28 and a 12 month high of $27.50. The firm has a market cap of $53.11 billion, a price-to-earnings ratio of 266.70, a P/E/G ratio of 5.99 and a beta of 2.82.

Palantir Technologies (NYSE:PLTR) last issued its quarterly earnings data on Monday, February 5th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.01). The business had revenue of $608.35 million during the quarter, compared to the consensus estimate of $603.48 million. Palantir Technologies had a return on equity of 6.17% and a net margin of 9.43%. As a group, research analysts anticipate that Palantir Technologies Inc. will post 0.16 earnings per share for the current 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.