Allen Capital Group LLC Makes New $287,000 Investment in Palantir Technologies Inc. (NASDAQ:PLTR)

Allen Capital Group LLC acquired a new stake in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 3,801 shares of the company's stock, valued at approximately $287,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Northwest Investment Counselors LLC bought a new position in Palantir Technologies during the third quarter valued at about $25,000. Prestige Wealth Management Group LLC lifted its holdings in Palantir Technologies by 747.1% in the 3rd quarter. Prestige Wealth Management Group LLC now owns 737 shares of the company's stock worth $27,000 after purchasing an additional 650 shares during the last quarter. First PREMIER Bank bought a new stake in Palantir Technologies during the fourth quarter worth approximately $28,000. Wolff Wiese Magana LLC raised its position in shares of Palantir Technologies by 230.4% in the fourth quarter. Wolff Wiese Magana LLC now owns 380 shares of the company's stock valued at $29,000 after purchasing an additional 265 shares during the period. Finally, University of Texas Texas AM Investment Management Co. bought a new stake in Palantir Technologies during the second quarter valued at about $30,000. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Palantir Technologies news, insider Alexander C. Karp sold 4,500,000 shares of the business's stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $55.03, for a total value of $247,635,000.00. Following the transaction, the insider now owns 6,432,258 shares in the company, valued at approximately $353,967,157.74. The trade was a 41.16 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Stephen Andrew Cohen sold 450,000 shares of the stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $70.95, for a total value of $31,927,500.00. Following the completion of the sale, the insider now owns 592 shares of the company's stock, valued at approximately $42,002.40. This trade represents a 99.87 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 20,181,807 shares of company stock worth $1,288,448,522. 12.93% of the stock is currently owned by insiders.

Palantir Technologies Trading Up 0.5 %

Shares of PLTR traded up $0.38 during trading hours on Thursday, reaching $80.14. The stock had a trading volume of 25,278,848 shares, compared to its average volume of 67,010,141. The firm has a 50-day simple moving average of $72.94 and a 200 day simple moving average of $50.10. 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 $182.55 billion, a price-to-earnings ratio of 399.82, a P/E/G ratio of 7.08 and a beta of 2.82.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last released its quarterly earnings results on Monday, November 4th. The company reported $0.10 earnings per share for the quarter, beating analysts' consensus estimates of $0.09 by $0.01. The company had revenue of $725.52 million for the quarter, compared to analyst estimates of $705.11 million. Palantir Technologies had a net margin of 18.01% and a return on equity of 9.94%. The firm's revenue was up 30.0% on a year-over-year basis. During the same period last year, the firm earned $0.03 earnings per share. On average, equities analysts forecast that Palantir Technologies Inc. will post 0.2 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have recently commented on PLTR shares. Jefferies Financial Group lowered shares of Palantir Technologies from a "hold" rating to an "underperform" rating and set a $28.00 price objective for the company. in a research report on Thursday, November 7th. Argus lowered shares of Palantir Technologies from a "buy" rating to a "hold" rating in a report on Thursday, November 7th. Robert W. Baird began coverage on Palantir Technologies in a report on Thursday, December 12th. They set a "neutral" rating and a $70.00 price objective for the company. Bank of America increased their price target on Palantir Technologies from $55.00 to $75.00 and gave the company a "buy" rating in a research note on Monday, November 25th. Finally, William Blair restated an "underperform" rating on shares of Palantir Technologies in a research report on Wednesday, December 18th. Seven 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. Based on data from MarketBeat, Palantir Technologies has an average rating of "Hold" and a consensus target price of $44.61.

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.