Investor s Fiduciary Advisor Network LLC Makes New Investment in Palantir Technologies Inc. (NASDAQ:PLTR)

Investor s Fiduciary Advisor Network LLC bought a new position in Palantir Technologies Inc. (NASDAQ:PLTR) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 4,954 shares of the company’s stock, valued at approximately $374,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Mather Group LLC. boosted its stake in shares of 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. Diversify Wealth Management LLC purchased a new stake in shares of Palantir Technologies during the fourth quarter valued at approximately $876,000. Destiny Wealth Partners LLC purchased a new stake in shares of Palantir Technologies during the fourth quarter valued at approximately $3,233,000. Kieckhefer Group LLC purchased a new stake in shares of Palantir Technologies during the fourth quarter valued at approximately $11,769,000. Finally, Grange Capital LLC purchased a new stake in shares of Palantir Technologies during the fourth quarter valued at approximately $5,829,000. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Insider Activity

In other news, insider Heather A. Planishek sold 13,891 shares of the firm’s stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $115.96, for a total transaction of $1,610,800.36. Following the completion of the transaction, the insider now directly owns 512,006 shares in the company, valued at $59,372,215.76. This trade represents a 2.64% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Lauren Elaina Friedman Stat sold 800 shares of the firm’s stock in a transaction on Thursday, April 3rd. The shares were sold at an average price of $81.25, for a total value of $65,000.00. Following the transaction, the director now owns 61,339 shares of the company’s stock, valued at $4,983,793.75. The trade was a 1.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,978,181 shares of company stock worth $252,115,667 over the last three months. 9.23% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have recently weighed in on PLTR shares. Morgan Stanley increased their price objective on Palantir Technologies from $90.00 to $98.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 6th. UBS Group increased their price objective on Palantir Technologies from $105.00 to $110.00 and gave the company a “neutral” rating in a research note on Tuesday, May 6th. Bank of America increased their price objective on Palantir Technologies from $90.00 to $125.00 and gave the company a “buy” rating in a research note on Tuesday, February 4th. Deutsche Bank Aktiengesellschaft reaffirmed a “sell” rating on shares of Palantir Technologies in a research note on Tuesday, May 6th. Finally, Loop Capital raised their price target on Palantir Technologies from $125.00 to $130.00 and gave the stock a “buy” rating in a research note on Tuesday, May 6th. Five analysts have rated the stock with a sell rating, fifteen have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $83.95.

Palantir Technologies Trading Down 1.5%

PLTR opened at $117.36 on Monday. The stock has a fifty day simple moving average of $94.23 and a two-hundred day simple moving average of $82.54. The company has a market cap of $275.25 billion, a price-to-earnings ratio of 617.72, a price-to-earnings-growth ratio of 10.84 and a beta of 2.68. Palantir Technologies Inc. has a 12-month low of $20.60 and a 12-month high of $125.41.

Palantir Technologies (NASDAQ:PLTR) last issued its quarterly earnings results on Monday, May 5th. The company reported $0.13 earnings per share for the quarter, meeting the consensus estimate of $0.13. Palantir Technologies had a return on equity of 6.85% and a net margin of 16.13%. The firm had revenue of $883.86 million during the quarter, compared to the consensus estimate of $863.89 million. During the same period last year, the company earned $0.08 earnings per share. The company’s revenue was up 39.4% on a year-over-year basis. On average, analysts predict that Palantir Technologies Inc. will post 0.31 EPS for the current year.

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.