American Institute for Advanced Investment Management LLP Takes $246,000 Position in Palantir Technologies Inc. (NASDAQ:PLTR)

American Institute for Advanced Investment Management LLP bought a new stake in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 3,250 shares of the company's stock, valued at approximately $246,000.

Other institutional investors also recently made changes to their positions in the company. Northwest Investment Counselors LLC acquired a new position in shares of Palantir Technologies in the 3rd quarter valued at approximately $25,000. Prestige Wealth Management Group LLC raised its position in shares of Palantir Technologies by 747.1% during the 3rd quarter. Prestige Wealth Management Group LLC now owns 737 shares of the company's stock valued at $27,000 after acquiring an additional 650 shares in the last quarter. First PREMIER Bank acquired a new stake in shares of Palantir Technologies during the 4th quarter valued at approximately $28,000. Wolff Wiese Magana LLC raised its position 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 valued at $29,000 after acquiring an additional 265 shares in the last quarter. Finally, University of Texas Texas AM Investment Management Co. acquired a new stake in shares of Palantir Technologies during the 2nd quarter valued at approximately $30,000. 45.65% of the stock is owned by institutional investors and hedge funds.

Palantir Technologies Stock Up 1.8 %

Shares of PLTR traded up $1.46 during midday trading on Thursday, reaching $81.22. 45,914,038 shares of the stock were exchanged, compared to its average volume of 68,165,070. Palantir Technologies Inc. has a 12-month low of $16.03 and a 12-month high of $84.80. The firm has a 50 day simple moving average of $72.94 and a 200-day simple moving average of $50.10. The company has a market cap of $185.02 billion, a price-to-earnings ratio of 406.12, a P/E/G ratio of 7.08 and a beta of 2.82.

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

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, Director Lauren Elaina Friedman Stat sold 800 shares of Palantir Technologies stock in a transaction on Thursday, January 2nd. The stock was 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 in the company, valued at approximately $4,740,584.31. The trade was a 1.27 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Alexandra W. Schiff sold 4,000 shares of Palantir Technologies stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $71.63, for a total value of $286,520.00. Following the completion of the transaction, the director now owns 195,393 shares of the company's stock, valued at approximately $13,996,000.59. The trade was a 2.01 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 20,181,807 shares of company stock valued at $1,288,448,522 in the last 90 days. 12.93% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Argus lowered Palantir Technologies from a "buy" rating to a "hold" rating in a research report on Thursday, November 7th. Wedbush upped their price target on Palantir Technologies from $75.00 to $90.00 and gave the company an "outperform" rating in a research report on Thursday, January 23rd. Cantor Fitzgerald started coverage on Palantir Technologies in a research report on Friday, January 17th. They set a "neutral" rating and a $72.00 price target on the stock. Bank of America increased their target price on Palantir Technologies from $55.00 to $75.00 and gave the stock a "buy" rating in a research report on Monday, November 25th. Finally, Baird R W raised Palantir Technologies to a "hold" rating in a research report on Thursday, December 12th. Seven investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $44.61.

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.