Palantir Technologies Inc. (NASDAQ:PLTR) Shares Bought by Golden State Equity Partners

Golden State Equity Partners increased its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 1,455.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 20,752 shares of the company's stock after purchasing an additional 19,418 shares during the quarter. Golden State Equity Partners' holdings in Palantir Technologies were worth $1,569,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. First PREMIER Bank acquired a new position in shares of Palantir Technologies during the fourth quarter worth about $28,000. Wolff Wiese Magana LLC increased its position in Palantir Technologies by 230.4% during 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. R Squared Ltd acquired a new position in Palantir Technologies during the 4th quarter worth approximately $33,000. Concord Wealth Partners lifted its holdings in shares of Palantir Technologies by 132.2% in the 4th quarter. Concord Wealth Partners now owns 527 shares of the company's stock valued at $40,000 after buying an additional 300 shares during the period. Finally, Financial Management Professionals Inc. boosted its stake in shares of Palantir Technologies by 171.5% in the fourth quarter. Financial Management Professionals Inc. now owns 543 shares of the company's stock valued at $41,000 after buying an additional 343 shares in the last quarter. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Palantir Technologies Stock Up 1.6 %

Shares of NASDAQ:PLTR traded up $1.27 during trading on Friday, reaching $82.49. The stock had a trading volume of 78,656,959 shares, compared to its average volume of 62,463,712. The stock has a market cap of $187.91 billion, a P/E ratio of 412.47, a PEG ratio of 7.29 and a beta of 2.82. The business has a fifty day moving average price of $73.71 and a 200-day moving average price of $50.84. Palantir Technologies Inc. has a fifty-two week low of $16.03 and a fifty-two week high of $85.22.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last issued 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. The company had revenue of $725.52 million for the quarter, compared to analyst estimates of $705.11 million. Palantir Technologies had a return on equity of 9.94% and a net margin of 18.01%. The business'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 company posted $0.03 EPS. As a group, equities analysts forecast that Palantir Technologies Inc. will post 0.19 EPS for the current year.

Insiders Place Their Bets

In other 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 completion of the sale, the insider now directly owns 6,432,258 shares of the company's stock, valued at $353,967,157.74. The trade was a 41.16 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Alexandra W. Schiff sold 4,000 shares of the stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $71.63, for a total value of $286,520.00. Following the completion of the transaction, the director now directly owns 195,393 shares in the company, valued at $13,996,000.59. This trade represents a 2.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 20,181,807 shares of company stock valued at $1,288,448,522. Insiders own 12.93% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on PLTR. Mizuho increased their price objective on Palantir Technologies from $37.00 to $44.00 and gave the stock an "underperform" rating in a research report on Friday, December 13th. Argus cut shares of Palantir Technologies from a "buy" rating to a "hold" rating in a research note on Thursday, November 7th. DA Davidson boosted their price objective on shares of Palantir Technologies from $28.00 to $47.00 and gave the stock a "neutral" rating in a report on Tuesday, November 5th. The Goldman Sachs Group increased their target price on shares of Palantir Technologies from $16.00 to $41.00 and gave the company a "neutral" rating in a report on Thursday, November 7th. Finally, Baird R W raised Palantir Technologies to a "hold" rating in a research note on Thursday, December 12th. Seven analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus 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.