Cypress Capital Management LLC WY Takes Position in Palantir Technologies Inc. (NYSE:PLTR)

Cypress Capital Management LLC WY acquired a new stake in Palantir Technologies Inc. (NYSE:PLTR - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 55,529 shares of the company's stock, valued at approximately $953,000.

A number of other institutional investors have also recently bought and sold shares of the business. Truvestments Capital LLC grew its stake in shares of Palantir Technologies by 74.9% during the 3rd quarter. Truvestments Capital LLC now owns 1,635 shares of the company's stock worth $26,000 after acquiring an additional 700 shares during the period. Pacifica Partners Inc. bought a new position in shares of Palantir Technologies during the 4th quarter worth $27,000. GAMMA Investing LLC purchased a new stake in Palantir Technologies during the 4th quarter worth about $33,000. Provence Wealth Management Group purchased a new stake in Palantir Technologies during the 3rd quarter worth about $34,000. Finally, Glass Jacobson Investment Advisors llc purchased a new stake in Palantir Technologies during the 3rd quarter worth about $35,000. Institutional investors own 45.65% of the company's stock.

Analyst Ratings Changes

PLTR has been the topic of a number of recent research reports. Jefferies Financial Group raised Palantir Technologies from an "underperform" rating to a "hold" rating and increased their price objective for the stock from $13.00 to $22.00 in a report on Tuesday, February 6th. Mizuho increased their price objective on Palantir Technologies from $18.00 to $21.00 and gave the stock a "neutral" rating in a report on Thursday, March 7th. Royal Bank of Canada reissued an "underperform" rating and set a $5.00 price objective on shares of Palantir Technologies in a report on Tuesday, February 6th. Citigroup raised Palantir Technologies from a "sell" rating to a "neutral" rating and increased their price objective for the stock from $10.00 to $20.00 in a report on Tuesday, February 6th. Finally, HSBC cut Palantir Technologies from a "buy" rating to a "hold" rating and set a $22.00 price objective on the stock. in a report on Wednesday, February 14th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $18.35.

Insider Activity at Palantir Technologies

In related news, Director Lauren Elaina Friedman Stat sold 5,000 shares of the firm's stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $25.10, for a total transaction of $125,500.00. Following the transaction, the director now directly owns 181,830 shares in the company, valued at approximately $4,563,933. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, Director Lauren Elaina Friedman Stat sold 5,000 shares of the firm's stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $25.10, for a total transaction of $125,500.00. Following the transaction, the director now directly owns 181,830 shares in the company, valued at approximately $4,563,933. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Peter Thiel sold 7,044,756 shares of the firm's stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $24.79, for a total value of $174,639,501.24. Following the transaction, the director now owns 70,806,432 shares in the company, valued at $1,755,291,449.28. The disclosure for this sale can be found here. In the last three months, insiders have sold 7,456,273 shares of company stock valued at $184,343,202. Corporate insiders own 13.96% of the company's stock.

Palantir Technologies Stock Up 1.3 %

Shares of NYSE PLTR traded up $0.30 during trading hours on Monday, reaching $22.82. 30,254,693 shares of the stock traded hands, compared to its average volume of 62,320,531. The company has a market capitalization of $50.49 billion, a P/E ratio of 253.58, a price-to-earnings-growth ratio of 5.52 and a beta of 2.78. Palantir Technologies Inc. has a 52-week low of $7.28 and a 52-week high of $27.50. The company's 50-day simple moving average is $23.42 and its two-hundred day simple moving average is $20.11.

Palantir Technologies (NYSE:PLTR - Get Free Report) last announced its quarterly earnings data on Monday, February 5th. The company reported $0.03 earnings per share for the quarter, missing analysts' consensus estimates of $0.04 by ($0.01). The firm had revenue of $608.35 million for the quarter, compared to analysts' expectations of $603.48 million. Palantir Technologies had a net margin of 9.43% and a return on equity of 6.17%. As a group, sell-side analysts forecast that Palantir Technologies Inc. will post 0.16 earnings per share for the current fiscal year.

About Palantir Technologies

Palantir Technologies Inc builds and deploys software platforms for the intelligence community to assist in counterterrorism investigations and operations in the United States, the United Kingdom, and internationally. The company provides Palantir Gotham, a software platform which enables users to identify patterns hidden deep within datasets, ranging from signals intelligence sources to reports from confidential informants, as well as facilitates the handoff between analysts and operational users, helping operators plan and execute real-world responses to threats that have been identified within the platform.