Cadinha & Co. LLC Raises Stake in Palantir Technologies Inc. (NASDAQ:PLTR)

Cadinha & Co. LLC boosted its position in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 117.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 229,764 shares of the company's stock after purchasing an additional 124,131 shares during the period. Palantir Technologies makes up approximately 2.9% of Cadinha & Co. LLC's investment portfolio, making the stock its 19th biggest holding. Cadinha & Co. LLC's holdings in Palantir Technologies were worth $17,377,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Clarius Group LLC bought a new position in shares of Palantir Technologies during the fourth quarter valued at approximately $348,000. Oak Ridge Investments LLC boosted its position in Palantir Technologies by 13.2% during the 4th quarter. Oak Ridge Investments LLC now owns 8,658 shares of the company's stock valued at $655,000 after acquiring an additional 1,008 shares in the last quarter. Aaron Wealth Advisors LLC increased its holdings in shares of Palantir Technologies by 14.0% in the 4th quarter. Aaron Wealth Advisors LLC now owns 9,557 shares of the company's stock valued at $723,000 after acquiring an additional 1,170 shares during the period. Whitaker Myers Wealth Managers LTD. bought a new position in shares of Palantir Technologies in the 4th quarter worth $264,000. Finally, Sandy Cove Advisors LLC lifted its stake in shares of Palantir Technologies by 4.3% during the 4th quarter. Sandy Cove Advisors LLC now owns 27,322 shares of the company's stock worth $2,066,000 after purchasing an additional 1,132 shares during the last quarter. 45.65% of the stock is currently owned by institutional investors.

Insider Transactions at Palantir Technologies

In other news, Director Alexandra W. Schiff sold 4,000 shares of the company'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 completion of the transaction, the director now directly owns 195,393 shares of the company's stock, valued at $13,996,000.59. This represents a 2.01 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Alexander C. Karp sold 3,337,048 shares of the business's stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $45.02, for a total transaction of $150,233,900.96. Following the sale, the insider now directly owns 6,432,258 shares of the company's stock, valued at $289,580,255.16. This represents a 34.16 % 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 in the last ninety days. 12.93% of the stock is currently owned by corporate insiders.

Palantir Technologies Trading Up 3.7 %

PLTR traded up $2.53 during midday trading on Friday, hitting $71.77. 54,590,923 shares of the company were exchanged, compared to its average volume of 79,745,712. The firm has a market capitalization of $163.49 billion, a price-to-earnings ratio of 358.87, a price-to-earnings-growth ratio of 6.24 and a beta of 2.82. Palantir Technologies Inc. has a 1-year low of $16.03 and a 1-year high of $84.80. The company's 50 day simple moving average is $70.49 and its 200 day simple moving average is $47.32.

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

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on PLTR shares. Bank of America lifted their target price on Palantir Technologies from $55.00 to $75.00 and gave the company a "buy" rating in a research note on Monday, November 25th. Robert W. Baird began coverage on shares of Palantir Technologies in a research report on Thursday, December 12th. They issued a "neutral" rating and a $70.00 price objective on the stock. Baird R W upgraded shares of Palantir Technologies to a "hold" rating in a research note on Thursday, December 12th. Cantor Fitzgerald assumed coverage on shares of Palantir Technologies in a research note on Friday. They issued a "neutral" rating and a $72.00 target price for the company. Finally, Northland Securities upped their price target on Palantir Technologies from $35.00 to $38.00 and gave the stock a "market perform" rating in a research report on Tuesday, November 5th. Seven equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $43.78.

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.