218,902 Shares in Palantir Technologies Inc. (NASDAQ:PLTR) Bought by Hodges Capital Management Inc.

Hodges Capital Management Inc. acquired a new position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 218,902 shares of the company's stock, valued at approximately $16,556,000. Palantir Technologies comprises about 1.0% of Hodges Capital Management Inc.'s investment portfolio, making the stock its 28th largest position.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Northwest Investment Counselors LLC acquired a new position in Palantir Technologies in the 3rd quarter valued at about $25,000. Prestige Wealth Management Group LLC grew its stake in shares of Palantir Technologies by 747.1% in the 3rd quarter. Prestige Wealth Management Group LLC now owns 737 shares of the company's stock valued at $27,000 after purchasing an additional 650 shares during the last quarter. First PREMIER Bank acquired a new position in shares of Palantir Technologies in the fourth quarter valued at approximately $28,000. Wolff Wiese Magana LLC raised its stake in shares of Palantir Technologies by 230.4% during the fourth quarter. Wolff Wiese Magana LLC now owns 380 shares of the company's stock worth $29,000 after purchasing an additional 265 shares during the last quarter. Finally, R Squared Ltd purchased a new stake in shares of Palantir Technologies during the fourth quarter worth approximately $33,000. 45.65% of the stock is owned by hedge funds and other institutional investors.

Palantir Technologies Trading Up 1.6 %

Shares of NASDAQ PLTR opened at $82.49 on Monday. The stock has a market cap of $187.91 billion, a price-to-earnings ratio of 412.47, a PEG ratio of 7.54 and a beta of 2.81. The company's 50-day moving average price is $73.71 and its 200 day moving average price is $51.00. Palantir Technologies Inc. has a 52 week low of $16.03 and a 52 week high of $85.22.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last released its quarterly earnings results 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 net margin of 18.01% and a return on equity of 9.94%. The business had revenue of $725.52 million for the quarter, compared to analyst estimates of $705.11 million. During the same period in the prior year, the business earned $0.03 earnings per share. The company's quarterly revenue was up 30.0% on a year-over-year basis. As a group, research analysts expect that Palantir Technologies Inc. will post 0.19 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on PLTR shares. DA Davidson boosted their price objective on shares of Palantir Technologies from $28.00 to $47.00 and gave the company a "neutral" rating in a research note on Tuesday, November 5th. Bank of America boosted their price target on shares of Palantir Technologies from $55.00 to $75.00 and gave the stock a "buy" rating in a research note on Monday, November 25th. Argus downgraded shares of Palantir Technologies from a "buy" rating to a "hold" rating in a research report on Thursday, November 7th. Wedbush lifted their price objective on Palantir Technologies from $75.00 to $90.00 and gave the company an "outperform" rating in a report on Thursday, January 23rd. Finally, Northland Securities increased their target price on Palantir Technologies from $35.00 to $38.00 and gave the stock a "market perform" rating in a research note on Tuesday, November 5th. Seven investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, Palantir Technologies has a consensus rating of "Hold" and a consensus price target of $44.61.

Insider Activity at Palantir Technologies

In other news, Director Lauren Elaina Friedman Stat sold 800 shares of the business's stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $76.29, for a total value of $61,032.00. Following the completion of the transaction, the director now owns 62,139 shares of the company's stock, valued at $4,740,584.31. The trade was a 1.27 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Alexandra W. Schiff sold 4,000 shares of the firm's stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $71.63, for a total transaction of $286,520.00. Following the sale, the director now owns 195,393 shares in the company, valued at approximately $13,996,000.59. This trade represents a 2.01 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 20,181,807 shares of company stock valued at $1,288,448,522. 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.

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