4,954 Shares in Palantir Technologies Inc. (NASDAQ:PLTR) Acquired by Investor s Fiduciary Advisor Network LLC

Investor s Fiduciary Advisor Network LLC bought a new stake in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 4,954 shares of the company's stock, valued at approximately $374,000.

Several other large investors have also modified their holdings of the stock. Roxbury Financial LLC purchased a new position in shares of Palantir Technologies during the 4th quarter worth about $27,000. First PREMIER Bank purchased a new position in shares of Palantir Technologies during the 4th quarter worth about $28,000. Wolff Wiese Magana LLC lifted its holdings in shares of Palantir Technologies by 230.4% during the 4th quarter. Wolff Wiese Magana LLC now owns 380 shares of the company's stock worth $29,000 after acquiring an additional 265 shares during the period. HighMark Wealth Management LLC increased its position in 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 purchasing an additional 166 shares in the last quarter. Finally, Sierra Ocean LLC acquired a new stake in Palantir Technologies during the 4th quarter worth approximately $31,000. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Royal Bank of Canada reissued an "underperform" rating on shares of Palantir Technologies in a research report on Tuesday, May 6th. Cantor Fitzgerald increased their price objective 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. Daiwa America raised shares of Palantir Technologies to a "hold" rating in a research report on Tuesday, April 1st. Mizuho raised their price target on shares of Palantir Technologies from $80.00 to $94.00 and gave the stock an "underperform" rating in a research report on Tuesday, May 6th. Finally, 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. Five analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat, Palantir Technologies has a consensus rating of "Hold" and an average price target of $83.95.

Palantir Technologies Stock Up 1.6%

Palantir Technologies stock traded up $2.08 during midday trading on Wednesday, hitting $130.18. The company's stock had a trading volume of 96,288,747 shares, compared to its average volume of 76,608,314. The stock's 50-day moving average price is $95.75 and its 200-day moving average price is $83.36. Palantir Technologies Inc. has a 12 month low of $20.63 and a 12 month high of $133.36. The company has a market capitalization of $305.32 billion, a PE ratio of 685.19, a price-to-earnings-growth ratio of 10.84 and a beta of 2.68.

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

Insider Buying and Selling

In other Palantir Technologies news, insider Shyam Sankar sold 30,000 shares of Palantir Technologies stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $92.43, for a total transaction of $2,772,900.00. Following the transaction, the insider now owns 702,786 shares of the company's stock, valued at $64,958,509.98. The trade was a 4.09% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Heather A. Planishek sold 18,537 shares of Palantir Technologies stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $102.32, for a total value of $1,896,705.84. Following the transaction, the insider now directly owns 493,469 shares in the company, valued at approximately $50,491,748.08. This trade represents a 3.62% decrease in their position. 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.

About Palantir Technologies

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.