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6,561 Shares in Palantir Technologies Inc. $PLTR Acquired by Eagle Wealth Advisors LLC

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Eagle Wealth Advisors 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 and Exchange Commission (SEC). The institutional investor acquired 6,561 shares of the company's stock, valued at approximately $1,166,000. Palantir Technologies makes up 1.0% of Eagle Wealth Advisors LLC's portfolio, making the stock its 21st largest holding.

Several other large investors also recently made changes to their positions in PLTR. Revolve Wealth Partners LLC acquired a new stake in shares of Palantir Technologies in the fourth quarter worth $450,000. Bison Wealth LLC increased its position in shares of Palantir Technologies by 37.4% in the fourth quarter. Bison Wealth LLC now owns 17,130 shares of the company's stock worth $1,296,000 after acquiring an additional 4,667 shares in the last quarter. Capstone Wealth Management Group LLC increased its position in shares of Palantir Technologies by 38.0% in the first quarter. Capstone Wealth Management Group LLC now owns 17,147 shares of the company's stock worth $1,447,000 after acquiring an additional 4,722 shares in the last quarter. Schnieders Capital Management LLC. increased its position in shares of Palantir Technologies by 36.8% in the second quarter. Schnieders Capital Management LLC. now owns 6,294 shares of the company's stock worth $858,000 after acquiring an additional 1,694 shares in the last quarter. Finally, Vivaldi Capital Management LP acquired a new stake in shares of Palantir Technologies in the second quarter worth $315,000. Institutional investors and hedge funds own 45.65% of the company's stock.

Insiders Place Their Bets

In other news, insider Stephen Andrew Cohen sold 327,088 shares of the company's stock in a transaction 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. This represents a 99.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Shyam Sankar sold 168,004 shares of the stock in a transaction on Friday, February 20th. The shares were sold at an average price of $133.72, for a total transaction of $22,465,494.88. Following the transaction, the insider owned 642,786 shares in the company, valued at $85,953,343.92. This trade represents a 20.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 1,029,879 shares of company stock valued at $137,746,253. Corporate insiders own 12.93% of the company's stock.

Palantir Technologies Stock Performance

Shares of PLTR stock opened at $143.09 on Monday. The company has a market capitalization of $342.23 billion, a PE ratio of 227.13, a price-to-earnings-growth ratio of 2.75 and a beta of 1.68. The firm has a fifty day simple moving average of $144.74 and a 200-day simple moving average of $163.60. Palantir Technologies Inc. has a twelve month low of $105.32 and a twelve month high of $207.52.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last announced its earnings results on Monday, February 2nd. The company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.02. The business had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.34 billion. Palantir Technologies had a net margin of 36.31% and a return on equity of 23.81%. The business's quarterly revenue was up 70.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.14 earnings per share. Equities research analysts predict that Palantir Technologies Inc. will post 1.05 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on PLTR. Phillip Securities dropped their price objective on shares of Palantir Technologies from $208.00 to $190.00 and set a "buy" rating for the company in a research report on Wednesday, April 1st. DA Davidson reissued a "neutral" rating and issued a $180.00 price objective on shares of Palantir Technologies in a research report on Thursday, April 16th. Argus raised shares of Palantir Technologies to a "hold" rating in a research report on Monday, February 9th. Benchmark began coverage on shares of Palantir Technologies in a research report on Wednesday, April 1st. They issued a "hold" rating for the company. Finally, Robert W. Baird raised shares of Palantir Technologies from a "neutral" rating to an "outperform" rating and set a $200.00 price objective for the company in a research report on Tuesday, February 3rd. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $196.35.

Get Our Latest Report on PLTR

Key Palantir Technologies News

Here are the key news stories impacting Palantir Technologies this week:

About Palantir Technologies

(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.

Featured Stories

Want to see what other hedge funds are holding PLTR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Palantir Technologies Inc. (NASDAQ:PLTR - Free Report).

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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