CFS Investment Advisory Services LLC Makes New $394,000 Investment in Palantir Technologies Inc. (NASDAQ:PLTR)

CFS Investment Advisory Services LLC purchased a new stake in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 5,205 shares of the company's stock, valued at approximately $394,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Thrivent Financial for Lutherans raised its holdings in shares of Palantir Technologies by 20.9% in the 2nd quarter. Thrivent Financial for Lutherans now owns 52,732 shares of the company's stock worth $1,336,000 after buying an additional 9,109 shares in the last quarter. ProShare Advisors LLC grew its position in Palantir Technologies by 14.9% in the second quarter. ProShare Advisors LLC now owns 13,100 shares of the company's stock valued at $332,000 after acquiring an additional 1,702 shares during the period. AXA S.A. raised its stake in Palantir Technologies by 443.5% during the second quarter. AXA S.A. now owns 116,302 shares of the company's stock worth $2,946,000 after acquiring an additional 94,903 shares in the last quarter. APG Asset Management N.V. lifted its holdings in shares of Palantir Technologies by 3.7% during the second quarter. APG Asset Management N.V. now owns 1,308,264 shares of the company's stock valued at $30,920,000 after acquiring an additional 47,061 shares during the period. Finally, MBB Public Markets I LLC acquired a new stake in shares of Palantir Technologies in the 2nd quarter valued at $3,361,000. Institutional investors own 45.65% of the company's stock.

Insider Buying and Selling at Palantir Technologies

In related news, insider Stephen Andrew Cohen sold 450,000 shares of the stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $70.95, for a total transaction of $31,927,500.00. Following the completion of the transaction, the insider now owns 592 shares in the company, valued at approximately $42,002.40. This represents a 99.87 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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 in the company, valued at $289,580,255.16. This trade represents a 34.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 23,518,855 shares of company stock valued at $1,438,682,423 in the last 90 days. 12.93% of the stock is currently owned by company insiders.

Palantir Technologies Price Performance

Shares of Palantir Technologies stock remained flat at $78.98 during trading on Friday. The company had a trading volume of 77,694,969 shares, compared to its average volume of 58,438,740. The business's fifty day simple moving average is $71.96 and its 200-day simple moving average is $49.04. The stock has a market cap of $179.92 billion, a price-to-earnings ratio of 394.92, a price-to-earnings-growth ratio of 7.08 and a beta of 2.82. Palantir Technologies Inc. has a twelve month low of $16.03 and a twelve month high of $84.80.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last announced 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 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 analysts' expectations of $705.11 million. During the same period last year, the firm posted $0.03 earnings per share. The business's quarterly revenue was up 30.0% compared to the same quarter last year. On average, analysts expect that Palantir Technologies Inc. will post 0.2 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

PLTR has been the subject of a number of recent analyst reports. Wedbush increased their target price on shares of Palantir Technologies from $75.00 to $90.00 and gave the stock an "outperform" rating in a research report on Thursday. The Goldman Sachs Group raised their price objective on shares of Palantir Technologies from $16.00 to $41.00 and gave the stock a "neutral" rating in a report on Thursday, November 7th. Baird R W raised Palantir Technologies to a "hold" rating in a report on Thursday, December 12th. UBS Group began coverage on Palantir Technologies in a report on Thursday, December 19th. They set a "neutral" rating and a $80.00 price target for the company. Finally, Cantor Fitzgerald initiated coverage on Palantir Technologies in a research note on Friday, January 17th. They issued a "neutral" rating and a $72.00 price objective on the stock. 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 stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average 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.