RoundAngle Advisors LLC Invests $819,000 in Palantir Technologies Inc. (NASDAQ:PLTR)

RoundAngle Advisors LLC bought a new stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 10,829 shares of the company's stock, valued at approximately $819,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in PLTR. RMR Wealth Builders increased 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 worth $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 worth $486,000 after acquiring an additional 174 shares during the last quarter. ST Germain D J Co. Inc. raised its holdings 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 acquiring an additional 200 shares in the last quarter. Walter & Keenan Wealth Management LLC IN ADV boosted its position in shares of Palantir Technologies by 1.2% during the 3rd 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. Finally, Greater Midwest Financial Group LLC grew its holdings in shares of Palantir Technologies by 0.3% in the third quarter. Greater Midwest Financial Group LLC now owns 87,392 shares of the company's stock valued at $3,251,000 after purchasing an additional 250 shares in the last quarter. Institutional investors own 45.65% of the company's stock.

Palantir Technologies Stock Performance

Shares of NASDAQ PLTR opened at $71.77 on Monday. Palantir Technologies Inc. has a 52-week low of $16.03 and a 52-week high of $84.80. 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. The stock has a 50 day moving average price of $70.49 and a 200 day moving average price of $47.32.

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

Insiders Place Their Bets

In other Palantir Technologies news, insider Ryan D. Taylor sold 123,334 shares of the stock in a transaction on Friday, October 25th. The stock was sold at an average price of $45.00, for a total transaction of $5,550,030.00. Following the sale, the insider now owns 331,369 shares of the company's stock, valued at approximately $14,911,605. This trade represents a 27.12 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Alexander C. Karp sold 3,337,048 shares of the business's stock in a transaction on 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 completion of the transaction, the insider now directly owns 6,432,258 shares of the company's stock, valued at approximately $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 23,642,189 shares of company stock worth $1,444,232,453 in the last three months. Corporate insiders own 12.93% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on PLTR. Bank of America upped their price target on shares of Palantir Technologies from $55.00 to $75.00 and gave the company a "buy" rating in a research note on Monday, November 25th. The Goldman Sachs Group increased their price target 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. Raymond James cut Palantir Technologies from an "outperform" rating to a "market perform" rating in a research note on Monday, September 23rd. Morgan Stanley reaffirmed an "underweight" rating and issued a $60.00 price objective on shares of Palantir Technologies in a research note on Monday, January 6th. Finally, Robert W. Baird started coverage on Palantir Technologies in a research report on Thursday, December 12th. They set a "neutral" rating and a $70.00 target price on the stock. Seven equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $43.78.

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.

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