Clarius Group LLC Invests $348,000 in Palantir Technologies Inc. (NASDAQ:PLTR)

Clarius Group LLC purchased a new position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 4,596 shares of the company's stock, valued at approximately $348,000.

Other large investors also recently added to or reduced their stakes in the company. Northwest Investment Counselors LLC purchased a new stake in shares of Palantir Technologies during the third quarter worth $25,000. Prestige Wealth Management Group LLC lifted its holdings in Palantir Technologies by 747.1% during the 3rd quarter. Prestige Wealth Management Group LLC now owns 737 shares of the company's stock worth $27,000 after purchasing an additional 650 shares in the last quarter. Wolff Wiese Magana LLC boosted its stake in Palantir Technologies by 230.4% in the 4th quarter. Wolff Wiese Magana LLC now owns 380 shares of the company's stock worth $29,000 after purchasing an additional 265 shares during the period. University of Texas Texas AM Investment Management Co. purchased a new position in Palantir Technologies during the 2nd quarter valued at about $30,000. Finally, Ashburton Jersey Ltd bought a new stake in shares of Palantir Technologies during the second quarter valued at about $36,000. Hedge funds and other institutional investors own 45.65% of the company's stock.

Wall Street Analysts Forecast Growth

PLTR has been the subject of several recent analyst reports. The Goldman Sachs Group boosted their price objective on shares of Palantir Technologies from $16.00 to $41.00 and gave the company a "neutral" rating in a research note on Thursday, November 7th. Northland Securities upped their price target on shares of Palantir Technologies from $35.00 to $38.00 and gave the stock a "market perform" rating in a report on Tuesday, November 5th. Jefferies Financial Group downgraded Palantir Technologies from a "hold" rating to an "underperform" rating and set a $28.00 price objective on the stock. in a research report on Thursday, November 7th. Wedbush upped their target price on Palantir Technologies from $57.00 to $75.00 and gave the stock an "outperform" rating in a research note on Monday, November 25th. Finally, UBS Group started coverage on Palantir Technologies in a report on Thursday, December 19th. They set a "neutral" rating and a $80.00 price objective for the company. Seven 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 presently has a consensus rating of "Hold" and an average price target of $43.78.

Palantir Technologies Price Performance

Shares of Palantir Technologies stock opened at $71.77 on Monday. Palantir Technologies Inc. has a one year low of $16.03 and a one year high of $84.80. The business's 50 day simple moving average is $70.49 and its two-hundred day simple moving average is $47.47. The stock has a market capitalization of $163.49 billion, a P/E ratio of 358.87, a price-to-earnings-growth ratio of 6.24 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 EPS for the quarter, beating analysts' consensus estimates of $0.09 by $0.01. The company had revenue of $725.52 million during the quarter, compared to analyst estimates of $705.11 million. Palantir Technologies had a net margin of 18.01% and a return on equity of 9.94%. The firm's revenue was up 30.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.03 EPS. Sell-side analysts expect that Palantir Technologies Inc. will post 0.2 earnings per share for the current fiscal year.

Insider Activity at Palantir Technologies

In other Palantir Technologies news, Director Alexandra W. Schiff sold 4,000 shares of Palantir Technologies stock in a transaction 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 owns 195,393 shares in the company, valued at approximately $13,996,000.59. The trade was a 2.01 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Ryan D. Taylor sold 123,334 shares of the company's stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $45.00, for a total transaction of $5,550,030.00. Following the completion of the transaction, the insider now owns 331,369 shares in the company, valued at approximately $14,911,605. The trade was a 27.12 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 23,642,189 shares of company stock worth $1,444,232,453 over the last quarter. 12.93% of the stock is owned by corporate insiders.

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.