Sjbenen Advisory LLC Purchases Shares of 29,426 Palantir Technologies Inc. $PLTR

Sjbenen Advisory LLC acquired a new position in shares of Palantir Technologies Inc. (NASDAQ:PLTRFree Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 29,426 shares of the company’s stock, valued at approximately $5,230,000. Palantir Technologies makes up approximately 2.9% of Sjbenen Advisory LLC’s investment portfolio, making the stock its 8th biggest position.

Other institutional investors have also modified their holdings of the company. Bare Financial Services Inc grew its position in shares of Palantir Technologies by 54.5% in the 3rd quarter. Bare Financial Services Inc now owns 156 shares of the company’s stock valued at $28,000 after buying an additional 55 shares during the last quarter. Delos Wealth Advisors LLC purchased a new stake in Palantir Technologies in the second quarter valued at $29,000. Zeit Capital LLC purchased a new stake in Palantir Technologies in the second quarter valued at $30,000. Financial Consulate Inc. acquired a new position in Palantir Technologies in the third quarter valued at $30,000. Finally, Retirement Wealth Solutions LLC purchased a new position in shares of Palantir Technologies during the third quarter worth about $31,000. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Palantir Technologies Stock Performance

NASDAQ PLTR opened at $143.06 on Monday. The firm’s fifty day moving average is $148.06 and its two-hundred day moving average is $168.54. Palantir Technologies Inc. has a one year low of $66.12 and a one year high of $207.52. The firm has a market cap of $342.15 billion, a PE ratio of 227.08, a P/E/G ratio of 2.84 and a beta of 1.70.

Palantir Technologies (NASDAQ:PLTRGet Free Report) last announced its earnings results on Monday, February 2nd. The company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.02. Palantir Technologies had a net margin of 36.31% and a return on equity of 23.81%. The business had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter in the prior year, the firm earned $0.14 earnings per share. The business’s quarterly revenue was up 70.0% compared to the same quarter last year. Research analysts predict that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have recently commented on PLTR. Robert W. Baird upgraded Palantir Technologies from a “neutral” rating to an “outperform” rating and set a $200.00 target price on the stock in a research report on Tuesday, February 3rd. Truist Financial began coverage on Palantir Technologies in a report on Tuesday, January 6th. They issued a “buy” rating and a $223.00 target price for the company. Argus raised Palantir Technologies to a “hold” rating in a research report on Monday, February 9th. Phillip Securities assumed coverage on Palantir Technologies in a research report on Thursday, January 22nd. They set a “buy” rating and a $208.00 price target on the stock. Finally, UBS Group boosted their price objective on Palantir Technologies from $180.00 to $200.00 and gave the company a “buy” rating in a research note on Wednesday, March 18th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Palantir Technologies currently has a consensus rating of “Moderate Buy” and an average price target of $198.59.

Get Our Latest Stock Report on Palantir Technologies

Insider Activity at Palantir Technologies

In other Palantir Technologies news, insider Jeffrey Buckley sold 1,232 shares of the stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $129.08, for a total transaction of $159,026.56. Following the completion of the sale, the insider directly owned 43,108 shares of the company’s stock, valued at approximately $5,564,380.64. This trade represents a 2.78% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Stephen Andrew Cohen sold 327,088 shares of the business’s stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $133.72, for a total value of $43,738,207.36. Following the completion of the transaction, the insider directly owned 592 shares in the company, valued at approximately $79,162.24. The trade was a 99.82% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 1,045,279 shares of company stock worth $140,539,043 in the last ninety days. Company insiders own 9.23% of the company’s stock.

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Palantir Technologies Company Profile

(Free Report)

Palantir Technologies is a software company that develops data integration, analytics and operational decision-making platforms for government and commercial customers. Founded in 2003 by a team that included Alex Karp and Peter Thiel, Palantir has grown into a provider of enterprise-scale software designed to help organizations integrate disparate data sources, build analytic models and drive operational workflows. The company went public in 2020 and continues to position its products around large, complex data projects where security, provenance and real-time collaboration are important.

Palantir’s product portfolio centers on a small number of core platforms.

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Institutional Ownership by Quarter for Palantir Technologies (NASDAQ:PLTR)

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