Geller Advisors LLC Invests $471,000 in Palantir Technologies Inc. (NASDAQ:PLTR)

Geller Advisors LLC acquired a new stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 6,232 shares of the company's stock, valued at approximately $471,000.

Other large investors have also recently made changes to their positions in the company. Roxbury Financial LLC bought a new position in shares of Palantir Technologies during the fourth quarter valued at approximately $27,000. First PREMIER Bank bought a new stake in shares of Palantir Technologies in the 4th quarter valued at about $28,000. Wolff Wiese Magana LLC grew its position in shares of Palantir Technologies by 230.4% in the 4th quarter. Wolff Wiese Magana LLC now owns 380 shares of the company's stock worth $29,000 after buying an additional 265 shares during the last quarter. HighMark Wealth Management LLC raised its stake in shares of Palantir Technologies by 73.5% during the 4th quarter. HighMark Wealth Management LLC now owns 392 shares of the company's stock worth $30,000 after acquiring an additional 166 shares in the last quarter. Finally, Sierra Ocean LLC acquired a new stake in Palantir Technologies in the fourth quarter valued at approximately $31,000. 45.65% of the stock is currently owned by institutional investors.

Palantir Technologies Price Performance

PLTR stock traded up $1.39 during midday trading on Wednesday, reaching $129.49. 75,983,486 shares of the company's stock traded hands, compared to its average volume of 76,465,994. The business has a 50-day moving average price of $95.75 and a two-hundred day moving average price of $83.36. Palantir Technologies Inc. has a fifty-two week low of $20.63 and a fifty-two week high of $133.36. The company has a market capitalization of $303.70 billion, a P/E ratio of 681.56, a PEG ratio of 10.84 and a beta of 2.68.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last released its earnings results on Monday, May 5th. The company reported $0.13 earnings per share for the quarter, hitting the consensus estimate of $0.13. The company had revenue of $883.86 million during the quarter, compared to the consensus estimate of $863.89 million. Palantir Technologies had a net margin of 16.13% and a return on equity of 6.85%. The company's revenue was up 39.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.08 EPS. As a group, research analysts forecast that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently issued reports on PLTR. Deutsche Bank Aktiengesellschaft restated a "sell" rating on shares of Palantir Technologies in a research report on Tuesday, May 6th. Northland Securities upped their price objective on Palantir Technologies from $38.00 to $80.00 and gave the stock a "market perform" rating in a research report on Tuesday, February 4th. Wedbush set a $140.00 target price on shares of Palantir Technologies and gave the company an "outperform" rating in a research note on Tuesday, May 6th. Mizuho boosted their price objective on Palantir Technologies from $80.00 to $94.00 and gave the company an "underperform" rating in a research report on Tuesday, May 6th. Finally, Cantor Fitzgerald increased their target price on shares of Palantir Technologies from $98.00 to $110.00 and gave the company a "neutral" rating in a research report on Tuesday, May 6th. Five research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Palantir Technologies currently has an average rating of "Hold" and an average target price of $83.95.

Insider Buying and Selling

In other Palantir Technologies news, insider Heather A. Planishek sold 18,537 shares of the stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $102.32, for a total transaction of $1,896,705.84. Following the transaction, the insider now owns 493,469 shares in the company, valued at $50,491,748.08. This trade represents a 3.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Shyam Sankar sold 30,000 shares of the stock in a transaction on Monday, February 24th. The shares were sold at an average price of $92.43, for a total transaction of $2,772,900.00. Following the completion of the sale, the insider now directly owns 702,786 shares of the company's stock, valued at approximately $64,958,509.98. This trade represents a 4.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 2,964,290 shares of company stock valued at $250,504,866. 12.93% of the stock is owned by corporate insiders.

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.