4,952 Shares in Palantir Technologies Inc. (NASDAQ:PLTR) Purchased by Relyea Zuckerberg Hanson LLC

Relyea Zuckerberg Hanson LLC purchased 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. The institutional investor purchased 4,952 shares of the company's stock, valued at approximately $375,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of PLTR. Avanza Fonder AB acquired a new position in shares of Palantir Technologies in the 4th quarter valued at $4,861,000. Everpar Advisors LLC purchased a new position in Palantir Technologies during the 4th quarter valued at about $241,000. RDA Financial Network purchased a new stake in Palantir Technologies during the 4th quarter worth about $355,000. Sard Wealth Management Group LLC acquired a new position in Palantir Technologies during the fourth quarter worth approximately $222,000. Finally, Decker Retirement Planning Inc. acquired a new stake in shares of Palantir Technologies in the fourth quarter worth $3,397,000. Hedge funds and other institutional investors own 45.65% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on PLTR. The Goldman Sachs Group increased their target price on Palantir Technologies from $16.00 to $41.00 and gave the stock a "neutral" rating in a research report on Thursday, November 7th. Raymond James lowered Palantir Technologies from an "outperform" rating to a "market perform" rating in a research note on Monday, September 23rd. Morgan Stanley reissued an "underweight" rating and issued a $60.00 price target on shares of Palantir Technologies in a report on Monday, January 6th. Wedbush lifted their price objective on shares of Palantir Technologies from $57.00 to $75.00 and gave the stock an "outperform" rating in a research note on Monday, November 25th. Finally, Jefferies Financial Group lowered shares of Palantir Technologies from a "hold" rating to an "underperform" rating and set a $28.00 price objective on the stock. in a research note on Thursday, November 7th. Seven analysts have rated the stock with a sell rating, twelve have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $43.78.

Palantir Technologies Stock Performance

Palantir Technologies stock traded up $2.53 during trading on Friday, reaching $71.77. The company had a trading volume of 54,590,923 shares, compared to its average volume of 72,797,000. The stock's 50 day moving average price is $70.22 and its two-hundred day moving average price is $46.85. The firm has a market capitalization of $163.49 billion, a price-to-earnings ratio of 358.87, a PEG ratio of 6.24 and a beta of 2.82. Palantir Technologies Inc. has a 12-month low of $16.03 and a 12-month high of $84.80.

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

Insiders Place Their Bets

In related news, insider Ryan D. Taylor sold 123,334 shares of the stock in a transaction 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 transaction, the insider now owns 331,369 shares in the company, valued at approximately $14,911,605. This represents a 27.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Lauren Elaina Friedman Stat sold 10,721 shares of Palantir Technologies stock in a transaction 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 sale, the director now directly owns 100,923 shares of the company's stock, 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 sold a total of 23,642,189 shares of company stock worth $1,444,232,453 over the last quarter. Company 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.