Silverleafe Capital Partners LLC Makes New Investment in Palantir Technologies Inc. (NASDAQ:PLTR)

Silverleafe Capital Partners LLC acquired a new position in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 38,198 shares of the company's stock, valued at approximately $2,889,000. Palantir Technologies comprises about 0.9% of Silverleafe Capital Partners LLC's investment portfolio, making the stock its 24th largest holding.

Other large investors have also modified their holdings of the company. Farmers & Merchants Investments Inc. purchased a new position in Palantir Technologies in the 2nd quarter worth about $25,000. Northwest Investment Counselors LLC purchased a new position in shares of Palantir Technologies during the third quarter worth approximately $25,000. Prestige Wealth Management Group LLC boosted its holdings in shares of Palantir Technologies by 747.1% in the third quarter. Prestige Wealth Management Group LLC now owns 737 shares of the company's stock valued at $27,000 after purchasing an additional 650 shares during the period. University of Texas Texas AM Investment Management Co. bought a new position in Palantir Technologies in the second quarter worth approximately $30,000. Finally, Ashburton Jersey Ltd purchased a new position in Palantir Technologies during the 2nd quarter worth $36,000. Hedge funds and other institutional investors own 45.65% of the company's stock.

Palantir Technologies Stock Down 5.0 %

Shares of Palantir Technologies stock traded down $3.97 during mid-day trading on Monday, reaching $75.92. 105,251,463 shares of the stock traded hands, compared to its average volume of 79,941,234. Palantir Technologies Inc. has a fifty-two week low of $16.03 and a fifty-two week high of $84.80. The stock has a market capitalization of $172.95 billion, a PE ratio of 379.62, a PEG ratio of 10.18 and a beta of 2.82. The business has a 50-day moving average of $66.28 and a 200 day moving average of $44.38.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last released its quarterly earnings results on Monday, November 4th. The company reported $0.10 EPS for the quarter, beating the consensus estimate of $0.09 by $0.01. The firm had revenue of $725.52 million for the quarter, compared to analyst estimates of $705.11 million. Palantir Technologies had a net margin of 18.01% and a return on equity of 9.94%. The business's revenue for the quarter was up 30.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.03 EPS. On average, equities research analysts expect that Palantir Technologies Inc. will post 0.21 EPS for the current fiscal year.

Insiders Place Their Bets

In other Palantir Technologies news, insider Alexander C. Karp sold 3,337,048 shares of Palantir Technologies stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $45.02, for a total value of $150,233,900.96. Following the completion of the transaction, the insider now directly owns 6,432,258 shares of the company's stock, valued at $289,580,255.16. The trade was a 34.16 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Lauren Elaina Friedman Stat sold 7,321 shares of the firm's stock in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of $43.90, for a total transaction of $321,391.90. Following the completion of the transaction, the director now directly owns 138,304 shares of the company's stock, valued at approximately $6,071,545.60. The trade was a 5.03 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 23,160,723 shares of company stock valued at $1,408,158,941 over the last 90 days. 12.93% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on PLTR shares. Raymond James downgraded Palantir Technologies from an "outperform" rating to a "market perform" rating in a research report on Monday, September 23rd. Jefferies Financial Group downgraded shares of Palantir Technologies from a "hold" rating to an "underperform" rating and set a $28.00 target price on the stock. in a research report on Thursday, November 7th. Mizuho increased their target price on Palantir Technologies from $37.00 to $44.00 and gave the company an "underperform" rating in a research report on Friday, December 13th. Baird R W upgraded shares of Palantir Technologies to a "hold" rating in a report on Thursday, December 12th. Finally, Morgan Stanley restated an "underweight" rating and set a $60.00 target price on shares of Palantir Technologies in a research note on Monday. Seven equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Palantir Technologies presently has an average rating of "Hold" and a consensus price target of $42.12.

Palantir Technologies Company 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.