Focus Partners Advisor Solutions LLC Raises Stock Holdings in Palantir Technologies Inc. (NASDAQ:PLTR)

Focus Partners Advisor Solutions LLC boosted its position in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 16.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 26,142 shares of the company's stock after purchasing an additional 3,605 shares during the quarter. Focus Partners Advisor Solutions LLC's holdings in Palantir Technologies were worth $1,977,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Roxbury Financial LLC purchased a new position in Palantir Technologies during the 4th quarter valued at about $27,000. First PREMIER Bank purchased a new stake in Palantir Technologies in the fourth quarter worth about $28,000. HighMark Wealth Management LLC increased its stake in shares of Palantir Technologies by 73.5% during the fourth quarter. HighMark Wealth Management LLC now owns 392 shares of the company's stock valued at $30,000 after purchasing an additional 166 shares in the last quarter. Sierra Ocean LLC purchased a new position in shares of Palantir Technologies during the fourth quarter valued at approximately $31,000. Finally, R Squared Ltd bought a new stake in shares of Palantir Technologies in the 4th quarter worth approximately $33,000. Hedge funds and other institutional investors own 45.65% of the company's stock.

Insider Activity at Palantir Technologies

In other Palantir Technologies news, insider Heather A. Planishek bought 10,000 shares of Palantir Technologies stock in a transaction on Thursday, May 8th. The stock was acquired at an average cost of $116.14 per share, with a total value of $1,161,400.00. Following the completion of the acquisition, the insider now owns 58,006 shares in the company, valued at approximately $6,736,816.84. This represents a 20.83% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Stephen Andrew Cohen sold 1,250,000 shares of the stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $82.75, for a total transaction of $103,437,500.00. Following the completion of the transaction, the insider now owns 592 shares in the company, valued at $48,988. The trade was a 99.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 2,945,753 shares of company stock worth $248,608,160. 9.23% of the stock is owned by insiders.

Palantir Technologies Stock Down 4.0%

Shares of Palantir Technologies stock opened at $120.58 on Thursday. Palantir Technologies Inc. has a twelve month low of $20.63 and a twelve month high of $133.49. The company's 50 day moving average is $101.18 and its 200 day moving average is $86.53. The company has a market cap of $282.80 billion, a price-to-earnings ratio of 634.66, a price-to-earnings-growth ratio of 10.84 and a beta of 2.68.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last announced its earnings results on Monday, May 5th. The company reported $0.13 earnings per share for the quarter, meeting analysts' consensus estimates of $0.13. The business had revenue of $883.86 million during the quarter, compared to analyst estimates of $863.89 million. Palantir Technologies had a net margin of 16.13% and a return on equity of 6.85%. The company's quarterly revenue was up 39.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.08 EPS. Sell-side analysts expect that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Royal Bank of Canada restated an "underperform" rating on shares of Palantir Technologies in a research note on Tuesday, May 6th. Jefferies Financial Group increased their target price on Palantir Technologies from $28.00 to $60.00 and gave the stock an "underperform" rating in a research note on Tuesday, February 4th. Deutsche Bank Aktiengesellschaft restated a "sell" rating on shares of Palantir Technologies in a report on Tuesday, May 6th. Daiwa America raised Palantir Technologies to a "hold" rating in a research report on Tuesday, April 1st. Finally, William Blair set a $84.00 price objective on shares of Palantir Technologies in a research report on Wednesday, March 5th. Five research analysts have rated the stock with a sell rating, fifteen have given a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Palantir Technologies currently has a consensus rating of "Hold" and a consensus target price of $83.95.

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.

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