Arthur M. Cohen & Associates LLC Purchases New Position in Palantir Technologies Inc. (NASDAQ:PLTR)

Arthur M. Cohen & Associates LLC acquired a new position in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 13,908 shares of the company's stock, valued at approximately $1,052,000.

Several other large investors have also modified their holdings of the company. RMR Wealth Builders lifted its holdings in shares of Palantir Technologies by 2.4% during the fourth quarter. RMR Wealth Builders now owns 7,201 shares of the company's stock worth $545,000 after buying an additional 167 shares during the last quarter. Christensen King & Associates Investment Services Inc. raised its stake in Palantir Technologies by 3.0% during the 4th quarter. Christensen King & Associates Investment Services Inc. now owns 5,897 shares of the company's stock valued at $486,000 after purchasing an additional 174 shares during the last quarter. ST Germain D J Co. Inc. boosted its holdings in Palantir Technologies by 4.4% in the 4th quarter. ST Germain D J Co. Inc. now owns 4,780 shares of the company's stock valued at $362,000 after purchasing an additional 200 shares during the period. Walter & Keenan Wealth Management LLC IN ADV grew its position in Palantir Technologies by 1.2% in the 3rd quarter. Walter & Keenan Wealth Management LLC IN ADV now owns 19,587 shares of the company's stock worth $729,000 after purchasing an additional 235 shares during the last quarter. Finally, Greater Midwest Financial Group LLC increased its holdings in shares of Palantir Technologies by 0.3% during the 3rd quarter. Greater Midwest Financial Group LLC now owns 87,392 shares of the company's stock worth $3,251,000 after purchasing an additional 250 shares during the period. 45.65% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on PLTR shares. Mizuho lifted their target price on Palantir Technologies from $37.00 to $44.00 and gave the stock an "underperform" rating in a research report on Friday, December 13th. Robert W. Baird initiated coverage on Palantir Technologies in a report on Thursday, December 12th. They set a "neutral" rating and a $70.00 price objective on the stock. Cantor Fitzgerald started coverage on Palantir Technologies in a research note on Friday. They issued a "neutral" rating and a $72.00 target price for the company. Bank of America lifted 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. Finally, UBS Group assumed coverage on shares of Palantir Technologies in a research note on Thursday, December 19th. They issued a "neutral" rating and a $80.00 price objective for the company. Seven equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $43.78.

Palantir Technologies Price Performance

Shares of PLTR stock traded up $2.53 on Friday, reaching $71.77. 54,590,923 shares of the stock were exchanged, compared to its average volume of 79,745,712. The stock has a 50 day moving average price of $70.49 and a 200 day moving average price of $47.17. The stock has a market cap of $163.49 billion, a PE ratio of 358.87, a P/E/G ratio of 6.24 and a beta of 2.82. Palantir Technologies Inc. has a one year low of $16.03 and a one year high of $84.80.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last issued its earnings results on Monday, November 4th. The company reported $0.10 earnings per share (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 company had revenue of $725.52 million for the quarter, compared to analyst estimates of $705.11 million. During the same quarter last year, the firm earned $0.03 EPS. The company's revenue for the quarter was up 30.0% on a year-over-year basis. On average, research analysts expect that Palantir Technologies Inc. will post 0.2 earnings per share for the current fiscal year.

Insider Transactions at Palantir Technologies

In related news, Director Alexandra W. Schiff sold 4,000 shares of Palantir Technologies stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $71.63, for a total transaction of $286,520.00. Following the completion of the sale, 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 sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Lauren Elaina Friedman Stat sold 800 shares of the stock in a transaction that occurred 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 transaction, the director now owns 62,139 shares in the company, valued at approximately $4,740,584.31. This trade represents a 1.27 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 23,642,189 shares of company stock valued at $1,444,232,453 over the last 90 days. 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.