Flagship Harbor Advisors LLC Acquires 13,068 Shares of Palantir Technologies Inc. (NASDAQ:PLTR)

Flagship Harbor Advisors LLC grew its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 122.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 23,740 shares of the company's stock after buying an additional 13,068 shares during the period. Flagship Harbor Advisors LLC's holdings in Palantir Technologies were worth $1,795,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Northwest Investment Counselors LLC bought a new stake in shares of Palantir Technologies during the 3rd quarter valued at $25,000. Prestige Wealth Management Group LLC lifted its position in Palantir Technologies by 747.1% during the third quarter. Prestige Wealth Management Group LLC now owns 737 shares of the company's stock worth $27,000 after purchasing an additional 650 shares during the period. First PREMIER Bank acquired a new stake in Palantir Technologies during the fourth quarter worth about $28,000. Wolff Wiese Magana LLC increased its holdings in Palantir Technologies by 230.4% in the 4th quarter. Wolff Wiese Magana LLC now owns 380 shares of the company's stock valued at $29,000 after buying an additional 265 shares during the period. Finally, University of Texas Texas AM Investment Management Co. acquired a new position in shares of Palantir Technologies in the 2nd quarter valued at approximately $30,000. Institutional investors own 45.65% of the company's stock.

Analysts Set New Price Targets

PLTR has been the topic of a number of recent analyst reports. Bank of America lifted their price objective on shares of Palantir Technologies from $55.00 to $75.00 and gave the company a "buy" rating in a research note on Monday, November 25th. DA Davidson boosted their price target on Palantir Technologies from $28.00 to $47.00 and gave the stock a "neutral" rating in a report on Tuesday, November 5th. William Blair reaffirmed an "underperform" rating on shares of Palantir Technologies in a research note on Wednesday, December 18th. Northland Securities boosted their target price on Palantir Technologies from $35.00 to $38.00 and gave the stock a "market perform" rating in a research note on Tuesday, November 5th. Finally, The Goldman Sachs Group increased their target price 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. Seven analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat, Palantir Technologies currently has an average rating of "Hold" and a consensus price target of $44.61.

Palantir Technologies Stock Down 4.5 %

Shares of NASDAQ PLTR traded down $3.55 during trading on Monday, reaching $75.43. The company had a trading volume of 75,822,164 shares, compared to its average volume of 70,859,719. Palantir Technologies Inc. has a 12 month low of $16.03 and a 12 month high of $84.80. The stock has a market cap of $171.82 billion, a P/E ratio of 377.15, a PEG ratio of 7.08 and a beta of 2.82. The company's fifty day moving average price is $71.96 and its 200-day moving average price is $49.18.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last released its earnings results on Monday, November 4th. The company reported $0.10 earnings per share for the quarter, beating analysts' consensus estimates of $0.09 by $0.01. The business had revenue of $725.52 million during the quarter, compared to the consensus estimate of $705.11 million. Palantir Technologies had a net margin of 18.01% and a return on equity of 9.94%. The company's revenue for the quarter was up 30.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.03 EPS. As a group, equities analysts predict that Palantir Technologies Inc. will post 0.2 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Alexander C. Karp sold 4,500,000 shares of the business's stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $55.03, for a total transaction of $247,635,000.00. Following the transaction, the insider now owns 6,432,258 shares in the company, valued at $353,967,157.74. The trade was a 41.16 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Heather A. Planishek sold 20,000 shares of the firm's stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $49.96, for a total transaction of $999,200.00. Following the completion of the sale, the insider now owns 562,006 shares of the company's stock, valued at $28,077,819.76. The trade was a 3.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 20,181,807 shares of company stock valued at $1,288,448,522 over the last quarter. Insiders own 12.93% of the company's stock.

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.