Decker Retirement Planning Inc. Makes New $3.40 Million Investment in Palantir Technologies Inc. (NASDAQ:PLTR)

Decker Retirement Planning Inc. acquired a new position in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 44,910 shares of the company's stock, valued at approximately $3,397,000. Palantir Technologies accounts for approximately 2.0% of Decker Retirement Planning Inc.'s investment portfolio, making the stock its 20th biggest holding.

Other large investors have also recently bought and sold shares of the company. Northwest Investment Counselors LLC bought a new stake in Palantir Technologies during the third quarter worth approximately $25,000. Prestige Wealth Management Group LLC grew its position in Palantir Technologies by 747.1% in the third quarter. Prestige Wealth Management Group LLC now owns 737 shares of the company's stock worth $27,000 after buying an additional 650 shares during the last quarter. Wolff Wiese Magana LLC raised its position in shares of Palantir Technologies by 230.4% during the fourth 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 stake in Palantir Technologies during the second quarter valued at about $30,000. Finally, Ashburton Jersey Ltd purchased a new stake in shares of Palantir Technologies in the 2nd quarter valued at approximately $36,000. Institutional investors and hedge funds own 45.65% of the company's stock.

Insider Activity at Palantir Technologies

In other Palantir Technologies news, insider Ryan D. Taylor sold 123,334 shares of the firm's stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $45.00, for a total transaction of $5,550,030.00. Following the completion of the sale, the insider now directly owns 331,369 shares in the company, valued at $14,911,605. This trade represents a 27.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Alexander C. Karp sold 3,337,048 shares of the company's stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $45.02, for a total value of $150,233,900.96. Following the completion of the transaction, the insider now directly owns 6,432,258 shares in the company, valued at $289,580,255.16. The trade was a 34.16 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 23,642,189 shares of company stock worth $1,444,232,453. Insiders own 12.93% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. William Blair reiterated an "underperform" rating on shares of Palantir Technologies in a research report on Wednesday, December 18th. Cantor Fitzgerald began coverage on Palantir Technologies in a report on Friday. They set a "neutral" rating and a $72.00 price target on the stock. UBS Group began coverage on Palantir Technologies in a research note on Thursday, December 19th. They issued a "neutral" rating and a $80.00 price objective for the company. DA Davidson lifted their target price on Palantir Technologies from $28.00 to $47.00 and gave the company a "neutral" rating in a research note on Tuesday, November 5th. Finally, Raymond James lowered shares of Palantir Technologies from an "outperform" rating to a "market perform" rating in a research report on Monday, September 23rd. Seven analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, Palantir Technologies currently has an average rating of "Hold" and an average target price of $43.78.

Palantir Technologies Stock Up 4.0 %

PLTR traded up $2.79 during trading on Friday, hitting $72.03. The company had a trading volume of 43,877,520 shares, compared to its average volume of 71,647,727. The company has a market capitalization of $164.08 billion, a PE ratio of 359.93, a PEG 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. The firm's 50-day moving average price is $70.22 and its 200 day moving average price is $46.85.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last posted 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. Palantir Technologies had a return on equity of 9.94% and a net margin of 18.01%. The business had revenue of $725.52 million during the quarter, compared to the consensus estimate of $705.11 million. During the same period last year, the company earned $0.03 earnings per share. Palantir Technologies's quarterly revenue was up 30.0% on a year-over-year basis. Sell-side analysts forecast that Palantir Technologies Inc. will post 0.2 earnings per share for the current year.

About Palantir Technologies

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.