Kathmere Capital Management LLC Acquires 10,851 Shares of Palantir Technologies Inc. (NASDAQ:PLTR)

Kathmere Capital Management LLC grew its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 150.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 18,046 shares of the company's stock after acquiring an additional 10,851 shares during the quarter. Kathmere Capital Management LLC's holdings in Palantir Technologies were worth $1,365,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. State Street Corp increased its position in Palantir Technologies by 96.4% during the 3rd quarter. State Street Corp now owns 82,512,440 shares of the company's stock worth $3,069,463,000 after purchasing an additional 40,498,024 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Palantir Technologies by 52.9% during the third quarter. Geode Capital Management LLC now owns 47,946,926 shares of the company's stock worth $1,777,568,000 after buying an additional 16,598,253 shares during the last quarter. International Assets Investment Management LLC increased its holdings in shares of Palantir Technologies by 3,476.2% during the third quarter. International Assets Investment Management LLC now owns 6,832,301 shares of the company's stock worth $254,162,000 after buying an additional 6,641,253 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Palantir Technologies by 60.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 12,387,040 shares of the company's stock worth $460,798,000 after buying an additional 4,667,955 shares in the last quarter. Finally, Marshall Wace LLP grew its position in Palantir Technologies by 594.3% during the 2nd quarter. Marshall Wace LLP now owns 3,550,176 shares of the company's stock worth $89,926,000 after acquiring an additional 3,038,861 shares during the last quarter. Institutional investors and hedge funds own 45.65% of the company's stock.

Insider Buying and Selling at Palantir Technologies

In other news, insider Alexander C. Karp sold 3,337,048 shares of the firm's stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $45.02, for a total value of $150,233,900.96. Following the transaction, the insider now owns 6,432,258 shares in the company, valued at $289,580,255.16. This trade represents a 34.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Shyam Sankar sold 5,250,000 shares of the company's stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $70.08, for a total value of $367,920,000.00. Following the sale, the insider now owns 752,786 shares of the company's stock, valued at $52,755,242.88. This trade represents a 87.46 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 23,642,189 shares of company stock valued at $1,444,232,453. Corporate insiders own 12.93% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on PLTR. Mizuho raised their price objective on shares of Palantir Technologies from $37.00 to $44.00 and gave the company an "underperform" rating in a report on Friday, December 13th. Baird R W upgraded shares of Palantir Technologies to a "hold" rating in a report on Thursday, December 12th. UBS Group began coverage on Palantir Technologies in a report on Thursday, December 19th. They issued a "neutral" rating and a $80.00 price objective for the company. William Blair reaffirmed an "underperform" rating on shares of Palantir Technologies in a research report on Wednesday, December 18th. Finally, Jefferies Financial Group lowered Palantir Technologies from a "hold" rating to an "underperform" rating and set a $28.00 price target on the stock. in a research report on Thursday, November 7th. Seven investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Palantir Technologies presently has a consensus rating of "Hold" and an average price target of $42.12.

Palantir Technologies Trading Up 3.4 %

Palantir Technologies stock traded up $2.23 during midday trading on Wednesday, reaching $68.14. The stock had a trading volume of 55,787,483 shares, compared to its average volume of 75,850,500. The company has a fifty day moving average price of $69.70 and a two-hundred day moving average price of $46.54. Palantir Technologies Inc. has a 12 month low of $16.03 and a 12 month high of $84.80. The company has a market capitalization of $155.22 billion, a P/E ratio of 340.72, a PEG ratio of 10.18 and a beta of 2.82.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last released its quarterly earnings data on Monday, November 4th. The company reported $0.10 EPS for the quarter, beating the consensus estimate of $0.09 by $0.01. Palantir Technologies had a return on equity of 9.94% and a net margin of 18.01%. The firm had revenue of $725.52 million during the quarter, compared to the consensus estimate of $705.11 million. During the same quarter in the previous year, the company posted $0.03 earnings per share. The company's quarterly revenue was up 30.0% on a year-over-year basis. On average, equities research analysts predict that Palantir Technologies Inc. will post 0.21 earnings per share for the current fiscal year.

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.