Kraematon Investment Advisors Inc. Has $840,000 Holdings in Palantir Technologies Inc. (NASDAQ:PLTR)

Kraematon Investment Advisors Inc. decreased its stake in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 40.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,106 shares of the company's stock after selling 7,535 shares during the period. Kraematon Investment Advisors Inc.'s holdings in Palantir Technologies were worth $840,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in PLTR. Northwest Investment Counselors LLC acquired a new stake in shares of Palantir Technologies in the third quarter valued at approximately $25,000. Prestige Wealth Management Group LLC boosted its position in shares of 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 buying an additional 650 shares during the period. Wolff Wiese Magana LLC grew 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 worth $29,000 after buying an additional 265 shares in the last quarter. University of Texas Texas AM Investment Management Co. acquired a new stake in Palantir Technologies in the 2nd quarter valued at approximately $30,000. Finally, Ashburton Jersey Ltd bought a new stake in Palantir Technologies during the 2nd quarter valued at $36,000. Institutional investors and hedge funds own 45.65% of the company's stock.

Wall Street Analysts Forecast Growth

PLTR has been the topic of a number of recent analyst reports. UBS Group assumed coverage on shares of Palantir Technologies in a research note on Thursday, December 19th. They set a "neutral" rating and a $80.00 price objective on the stock. Bank of America boosted their price target on shares of Palantir Technologies from $55.00 to $75.00 and gave the stock a "buy" rating in a research report on Monday, November 25th. Raymond James cut shares of Palantir Technologies from an "outperform" rating to a "market perform" rating in a report on Monday, September 23rd. Robert W. Baird initiated coverage on Palantir Technologies in a report on Thursday, December 12th. They set a "neutral" rating and a $70.00 target price on the stock. Finally, Baird R W upgraded Palantir Technologies to a "hold" rating in a research report on Thursday, December 12th. Seven equities research 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. Based on data from MarketBeat.com, Palantir Technologies has a consensus rating of "Hold" and an average target price of $43.78.

Palantir Technologies Stock Performance

Shares of NASDAQ:PLTR traded up $2.53 during mid-day trading on Friday, hitting $71.77. The stock had a trading volume of 54,590,923 shares, compared to its average volume of 72,797,000. The company's 50 day moving average is $70.22 and its 200-day moving average is $46.85. Palantir Technologies Inc. has a 12-month low of $16.03 and a 12-month high of $84.80. The company has a market cap of $163.49 billion, a PE ratio of 358.87, a P/E/G ratio of 6.24 and a beta of 2.82.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last released its earnings results on Monday, November 4th. The company reported $0.10 earnings per share (EPS) for the quarter, beating 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 company had revenue of $725.52 million during the quarter, compared to analyst estimates of $705.11 million. During the same quarter in the prior year, the company earned $0.03 earnings per share. The company's revenue for the quarter was up 30.0% on a year-over-year basis. On average, equities research analysts predict that Palantir Technologies Inc. will post 0.2 EPS for the current fiscal year.

Insider Buying and Selling at Palantir Technologies

In other news, Director Alexandra W. Schiff sold 4,000 shares of the firm's stock in a transaction dated 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 sale, the director now directly owns 195,393 shares of the company's stock, valued at $13,996,000.59. This trade represents a 2.01 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Lauren Elaina Friedman Stat sold 10,721 shares of the stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $76.78, for a total value of $823,158.38. Following the completion of the transaction, the director now owns 100,923 shares in the company, valued at $7,748,867.94. This represents a 9.60 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 23,642,189 shares of company stock valued at $1,444,232,453 in the last 90 days. 12.93% of the stock is currently 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.