Nadler Financial Group Inc. Acquires Shares of 3,435 Palantir Technologies Inc. (NASDAQ:PLTR)

Nadler Financial Group Inc. purchased a new stake in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 3,435 shares of the company's stock, valued at approximately $260,000.

Several other institutional investors have also added to or reduced their stakes in PLTR. Charles Schwab Investment Management Inc. raised its stake in Palantir Technologies by 60.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 12,387,040 shares of the company's stock worth $460,798,000 after acquiring an additional 4,667,955 shares during the last quarter. Diversify Wealth Management LLC acquired a new position in shares of Palantir Technologies in the fourth quarter valued at about $876,000. Destiny Wealth Partners LLC purchased a new position in shares of Palantir Technologies in the fourth quarter worth about $3,233,000. State of Alaska Department of Revenue lifted its holdings in shares of Palantir Technologies by 22.9% during the third quarter. State of Alaska Department of Revenue now owns 370,625 shares of the company's stock worth $13,786,000 after purchasing an additional 68,945 shares during the period. Finally, Oppenheimer & Co. Inc. boosted its position in Palantir Technologies by 19.2% in the third quarter. Oppenheimer & Co. Inc. now owns 541,567 shares of the company's stock valued at $20,146,000 after buying an additional 87,062 shares during the last quarter. Institutional investors and hedge funds own 45.65% of the company's stock.

Palantir Technologies Trading Up 1.6 %

NASDAQ:PLTR traded up $1.27 during trading hours on Friday, hitting $82.49. The company had a trading volume of 78,656,959 shares, compared to its average volume of 62,463,712. Palantir Technologies Inc. has a 1 year low of $16.03 and a 1 year high of $85.22. The company has a market cap of $187.91 billion, a P/E ratio of 412.47, a P/E/G ratio of 7.29 and a beta of 2.82. The company has a 50-day moving average of $73.71 and a 200 day moving average of $50.84.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last released its quarterly earnings data on Monday, November 4th. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.01. The firm had revenue of $725.52 million during the quarter, compared to analysts' expectations of $705.11 million. Palantir Technologies had a net margin of 18.01% and a return on equity of 9.94%. Palantir Technologies's revenue was up 30.0% compared to the same quarter last year. During the same period last year, the business earned $0.03 earnings per share. On average, analysts forecast that Palantir Technologies Inc. will post 0.19 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have commented on PLTR shares. Northland Securities lifted their price objective on shares of Palantir Technologies from $35.00 to $38.00 and gave the company a "market perform" rating in a research note on Tuesday, November 5th. Mizuho upped their price target on shares of Palantir Technologies from $37.00 to $44.00 and gave the company an "underperform" rating in a report on Friday, December 13th. UBS Group assumed coverage on Palantir Technologies in a research note on Thursday, December 19th. They set a "neutral" rating and a $80.00 price objective for the company. Argus downgraded Palantir Technologies from a "buy" rating to a "hold" rating in a research note on Thursday, November 7th. Finally, DA Davidson raised their target price on Palantir Technologies from $28.00 to $47.00 and gave the stock a "neutral" rating in a report on Tuesday, November 5th. Seven investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Palantir Technologies currently has an average rating of "Hold" and a consensus price target of $44.61.

Insider Activity

In other news, Director Lauren Elaina Friedman Stat sold 8,054 shares of the company's stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $50.49, for a total value of $406,646.46. Following the transaction, the director now directly owns 130,250 shares in the company, valued at approximately $6,576,322.50. This represents a 5.82 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Stephen Andrew Cohen sold 450,000 shares of Palantir Technologies stock in a transaction that occurred 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 sale, the insider now owns 592 shares of the company's stock, valued at $42,002.40. This trade represents a 99.87 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 20,181,807 shares of company stock valued at $1,288,448,522. 12.93% of the stock is currently owned by company insiders.

Palantir Technologies 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.