Guardian Wealth Advisors LLC NC Invests $384,000 in Palantir Technologies Inc. (NASDAQ:PLTR)

Guardian Wealth Advisors LLC NC acquired a new stake in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 5,073 shares of the company's stock, valued at approximately $384,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Geode Capital Management LLC boosted its holdings in Palantir Technologies by 8.6% in the 4th quarter. Geode Capital Management LLC now owns 52,074,232 shares of the company's stock valued at $3,929,401,000 after purchasing an additional 4,127,306 shares during the last quarter. Northern Trust Corp raised its position in Palantir Technologies by 20.4% in the fourth quarter. Northern Trust Corp now owns 19,488,465 shares of the company's stock valued at $1,473,913,000 after purchasing an additional 3,299,779 shares during the period. Norges Bank acquired a new position in shares of Palantir Technologies in the 4th quarter valued at $1,360,191,000. FMR LLC raised its holdings in Palantir Technologies by 22.6% in the 4th quarter. FMR LLC now owns 15,296,371 shares of the company's stock valued at $1,156,864,000 after buying an additional 2,818,090 shares during the period. Finally, Invesco Ltd. boosted its stake in Palantir Technologies by 31.2% during the fourth quarter. Invesco Ltd. now owns 14,748,240 shares of the company's stock worth $1,115,409,000 after buying an additional 3,509,311 shares during the period. Hedge funds and other institutional investors own 45.65% of the company's stock.

Insider Activity

In other news, insider Stephen Andrew Cohen sold 1,250,000 shares of the business's stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $82.75, for a total value of $103,437,500.00. Following the completion of the transaction, the insider now directly owns 592 shares of the company's stock, valued at $48,988. The trade was a 99.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Shyam Sankar sold 30,000 shares of the business's stock in a transaction that occurred 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 transaction, the insider now directly owns 702,786 shares of the company's stock, valued at approximately $64,958,509.98. This represents a 4.09% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 2,964,290 shares of company stock worth $250,504,866. Company insiders own 9.23% of the company's stock.

Palantir Technologies Stock Performance

Shares of PLTR stock traded up $5.04 during mid-day trading on Tuesday, hitting $123.50. 26,303,125 shares of the stock were exchanged, compared to its average volume of 75,845,609. The stock's fifty day simple moving average is $94.80 and its two-hundred day simple moving average is $83.05. The stock has a market capitalization of $289.64 billion, a price-to-earnings ratio of 646.17, a P/E/G ratio of 10.84 and a beta of 2.68. Palantir Technologies Inc. has a 12-month low of $20.60 and a 12-month high of $125.41.

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Daiwa Capital Markets assumed coverage on shares of Palantir Technologies in a report on Tuesday, April 1st. They issued a "neutral" rating and a $90.00 price objective on the stock. Daiwa America raised Palantir Technologies to a "hold" rating in a research note on Tuesday, April 1st. Citigroup raised their target price on Palantir Technologies from $110.00 to $115.00 and gave the company a "neutral" rating in a report on Thursday, May 8th. Wedbush set a $140.00 price target on shares of Palantir Technologies and gave the stock an "outperform" rating in a research report on Tuesday, May 6th. Finally, Robert W. Baird lifted their price objective on shares of Palantir Technologies from $70.00 to $100.00 and gave the company a "neutral" rating in a report on Tuesday, February 4th. Five equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target 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.