Requisite Capital Management LLC Acquires New Position in Palantir Technologies Inc. (NASDAQ:PLTR)

Requisite Capital Management LLC bought a new position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 11,149 shares of the company's stock, valued at approximately $843,000.

Several other hedge funds have also recently bought and sold shares of the stock. RMR Wealth Builders raised its holdings in shares of Palantir Technologies by 2.4% in the fourth quarter. RMR Wealth Builders now owns 7,201 shares of the company's stock valued at $545,000 after purchasing an additional 167 shares during the last quarter. Christensen King & Associates Investment Services Inc. increased its stake in Palantir Technologies by 3.0% in the 4th quarter. Christensen King & Associates Investment Services Inc. now owns 5,897 shares of the company's stock valued at $486,000 after buying an additional 174 shares during the last quarter. Geneos Wealth Management Inc. lifted its position in Palantir Technologies by 1.4% during the 4th quarter. Geneos Wealth Management Inc. now owns 14,406 shares of the company's stock worth $1,090,000 after buying an additional 196 shares in the last quarter. ST Germain D J Co. Inc. boosted its stake in shares of Palantir Technologies by 4.4% during the 4th quarter. ST Germain D J Co. Inc. now owns 4,780 shares of the company's stock worth $362,000 after buying an additional 200 shares during the last quarter. Finally, Walter & Keenan Wealth Management LLC IN ADV increased its position in shares of Palantir Technologies by 1.2% in the third quarter. Walter & Keenan Wealth Management LLC IN ADV now owns 19,587 shares of the company's stock valued at $729,000 after acquiring an additional 235 shares during the last quarter. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

PLTR has been the topic of several recent analyst reports. Argus lowered shares of Palantir Technologies from a "buy" rating to a "hold" rating in a research note on Thursday, November 7th. Mizuho increased their price target on Palantir Technologies from $37.00 to $44.00 and gave the company an "underperform" rating in a research note on Friday, December 13th. UBS Group started coverage on shares of Palantir Technologies in a research report on Thursday, December 19th. They set a "neutral" rating and a $80.00 price objective for the company. Morgan Stanley restated an "underweight" rating and set a $60.00 target price on shares of Palantir Technologies in a research note on Monday, January 6th. Finally, Wedbush upped their price target on shares of Palantir Technologies from $75.00 to $90.00 and gave the company an "outperform" rating in a research note on Thursday. Seven equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $44.61.

Palantir Technologies Price Performance

NASDAQ:PLTR remained flat at $78.98 during trading hours on Friday. The company had a trading volume of 77,694,969 shares, compared to its average volume of 58,438,740. The business's 50 day moving average is $71.96 and its two-hundred day moving average is $49.04. Palantir Technologies Inc. has a twelve month low of $16.03 and a twelve month high of $84.80. The company has a market cap of $179.92 billion, a PE ratio of 394.92, a price-to-earnings-growth ratio of 7.08 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 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. On average, research analysts anticipate that Palantir Technologies Inc. will post 0.2 EPS for the current year.

Insider Buying and Selling

In related news, insider Heather A. Planishek sold 20,000 shares of Palantir Technologies stock in a transaction that occurred 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 transaction, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Alexander C. Karp sold 3,337,048 shares of the stock in a transaction on Monday, October 28th. The shares were sold at an average price of $45.02, for a total value of $150,233,900.96. Following the completion of the sale, the insider now directly owns 6,432,258 shares of the company's stock, valued at $289,580,255.16. The trade was a 34.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 23,518,855 shares of company stock valued at $1,438,682,423 over the last ninety days. 12.93% of the stock is owned by corporate 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.