Burford Brothers Inc. Purchases New Position in Palantir Technologies Inc. (NASDAQ:PLTR)

Burford Brothers Inc. acquired a new position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,640 shares of the company's stock, valued at approximately $351,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. State Street Corp boosted its position in Palantir Technologies by 96.4% in the third quarter. State Street Corp now owns 82,512,440 shares of the company's stock valued at $3,069,463,000 after buying an additional 40,498,024 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Palantir Technologies by 52.9% in the third quarter. Geode Capital Management LLC now owns 47,946,926 shares of the company's stock valued at $1,777,568,000 after acquiring an additional 16,598,253 shares during the last quarter. International Assets Investment Management LLC boosted its holdings in shares of Palantir Technologies by 3,476.2% in the 3rd quarter. International Assets Investment Management LLC now owns 6,832,301 shares of the company's stock worth $254,162,000 after acquiring an additional 6,641,253 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Palantir Technologies by 60.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 12,387,040 shares of the company's stock worth $460,798,000 after acquiring an additional 4,667,955 shares during the last quarter. Finally, Lord Abbett & CO. LLC increased its holdings in Palantir Technologies by 943.2% during the 3rd quarter. Lord Abbett & CO. LLC now owns 3,300,766 shares of the company's stock valued at $122,788,000 after purchasing an additional 2,984,348 shares in the last quarter. 45.65% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director Lauren Elaina Friedman Stat sold 8,054 shares of the stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $50.49, for a total transaction of $406,646.46. Following the sale, the director now owns 130,250 shares in the company, valued at approximately $6,576,322.50. This trade represents a 5.82 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Stephen Andrew Cohen sold 450,000 shares of the firm's stock in a transaction on Wednesday, December 11th. The shares were 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 directly owns 592 shares in the company, valued at approximately $42,002.40. This represents a 99.87 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 20,181,807 shares of company stock valued at $1,288,448,522. Insiders own 12.93% of the company's stock.

Palantir Technologies Price Performance

NASDAQ:PLTR opened at $82.49 on Monday. The company has a market cap of $187.91 billion, a P/E ratio of 412.47, a P/E/G ratio of 7.54 and a beta of 2.81. The firm's fifty day moving average price is $73.71 and its two-hundred day moving average price is $50.84. Palantir Technologies Inc. has a one year low of $16.03 and a one year high of $85.22.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last issued its quarterly earnings data on Monday, November 4th. The company reported $0.10 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.09 by $0.01. The company had revenue of $725.52 million during the quarter, compared to analysts' expectations of $705.11 million. Palantir Technologies had a return on equity of 9.94% and a net margin of 18.01%. The business's revenue was up 30.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.03 earnings per share. As a group, equities research analysts expect that Palantir Technologies Inc. will post 0.19 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have recently commented on the company. 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 report on Monday, November 25th. DA Davidson increased their price objective on shares of Palantir Technologies from $28.00 to $47.00 and gave the stock a "neutral" rating in a report on Tuesday, November 5th. The Goldman Sachs Group boosted their target price on shares of Palantir Technologies from $16.00 to $41.00 and gave the stock a "neutral" rating in a research note on Thursday, November 7th. Wedbush increased their price target on shares of Palantir Technologies from $75.00 to $90.00 and gave the company an "outperform" rating in a research note on Thursday, January 23rd. Finally, UBS Group started coverage on shares of Palantir Technologies in a research report on Thursday, December 19th. They issued a "neutral" rating and a $80.00 price objective for the company. Seven research analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Palantir Technologies has a consensus rating of "Hold" and an average price target 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.

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