Ritholtz Wealth Management Purchases New Holdings in Palantir Technologies Inc. (NASDAQ:PLTR)

Ritholtz Wealth Management purchased a new stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 10,681 shares of the company's stock, valued at approximately $808,000.

A number of other large investors have also added to or reduced their stakes in the company. Northwest Investment Counselors LLC purchased a new position in Palantir Technologies during the 3rd quarter valued at about $25,000. Prestige Wealth Management Group LLC grew its position in shares of Palantir Technologies by 747.1% in the 3rd 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 last quarter. Wolff Wiese Magana LLC increased its stake in shares of Palantir Technologies by 230.4% during the fourth quarter. Wolff Wiese Magana LLC now owns 380 shares of the company's stock valued at $29,000 after buying an additional 265 shares during the period. University of Texas Texas AM Investment Management Co. bought a new position in Palantir Technologies in the 2nd quarter worth $30,000. Finally, Ashburton Jersey Ltd purchased a new position in shares of Palantir Technologies during the second quarter valued at about $36,000. Institutional investors own 45.65% of the company's stock.

Palantir Technologies Trading Up 3.7 %

PLTR stock opened at $71.77 on Monday. Palantir Technologies Inc. has a 12 month low of $16.03 and a 12 month high of $84.80. The company has a 50-day moving average price of $70.49 and a 200 day moving average price of $47.32. The stock 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 posted its quarterly earnings results on Monday, November 4th. The company reported $0.10 EPS for the quarter, topping analysts' consensus estimates of $0.09 by $0.01. Palantir Technologies had a net margin of 18.01% and a return on equity of 9.94%. The firm had revenue of $725.52 million for the quarter, compared to analysts' expectations of $705.11 million. During the same period in the prior year, the business posted $0.03 earnings per share. The business's revenue for the quarter was up 30.0% on a year-over-year basis. Sell-side analysts forecast that Palantir Technologies Inc. will post 0.2 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on PLTR shares. Raymond James cut Palantir Technologies from an "outperform" rating to a "market perform" rating in a research note on Monday, September 23rd. Bank of America upped their target price 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. William Blair reiterated an "underperform" rating on shares of Palantir Technologies in a research note on Wednesday, December 18th. Argus cut shares of Palantir Technologies from a "buy" rating to a "hold" rating in a report on Thursday, November 7th. Finally, The Goldman Sachs Group lifted 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. 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 stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $43.78.

Insider Activity

In other Palantir Technologies news, insider Ryan D. Taylor sold 123,334 shares of Palantir Technologies stock in a transaction on Friday, October 25th. The shares were sold at an average price of $45.00, for a total value of $5,550,030.00. Following the transaction, the insider now directly owns 331,369 shares of the company's stock, valued at approximately $14,911,605. The trade was a 27.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Alexander C. Karp sold 3,337,048 shares of the business's stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $45.02, for a total value of $150,233,900.96. Following the sale, the insider now owns 6,432,258 shares in the company, valued at $289,580,255.16. The trade was a 34.16 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 23,642,189 shares of company stock worth $1,444,232,453. Company insiders own 12.93% of the company's stock.

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.