4,350 Shares in Palantir Technologies Inc. (NASDAQ:PLTR) Acquired by Smith Thornton Advisors LLC

Smith Thornton Advisors LLC purchased a new position in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 4,350 shares of the company's stock, valued at approximately $329,000.

Several other large investors also recently bought and sold shares of the business. Northwest Investment Counselors LLC bought a new position in Palantir Technologies during the third quarter valued at $25,000. Prestige Wealth Management Group LLC increased its position in Palantir Technologies by 747.1% during the third quarter. Prestige Wealth Management Group LLC now owns 737 shares of the company's stock valued at $27,000 after acquiring an additional 650 shares during the last quarter. Wolff Wiese Magana LLC increased its position in 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 acquiring an additional 265 shares during the last quarter. University of Texas Texas AM Investment Management Co. bought a new position in Palantir Technologies during the second quarter valued at $30,000. Finally, Ashburton Jersey Ltd bought a new position in Palantir Technologies during the second quarter valued at $36,000. Institutional investors own 45.65% of the company's stock.

Insider Buying and Selling at Palantir Technologies

In other news, insider Ryan D. Taylor sold 123,334 shares of the company's stock in a transaction dated 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 transaction, the insider now owns 331,369 shares in the company, valued at $14,911,605. This represents a 27.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Stephen Andrew Cohen sold 450,000 shares of the company's stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $70.95, for a total transaction of $31,927,500.00. Following the transaction, the insider now owns 592 shares in the company, valued at approximately $42,002.40. This trade represents a 99.87 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 23,642,189 shares of company stock valued at $1,444,232,453. 12.93% of the stock is currently owned by insiders.

Palantir Technologies Price Performance

Shares of PLTR stock traded up $1.20 during mid-day trading on Thursday, hitting $69.34. 62,095,715 shares of the stock traded hands, compared to its average volume of 74,502,617. The stock has a market cap of $157.95 billion, a P/E ratio of 346.70, a P/E/G ratio of 6.24 and a beta of 2.82. The stock's fifty day moving average is $69.95 and its two-hundred day moving average is $46.69. Palantir Technologies Inc. has a 52-week low of $16.03 and a 52-week high of $84.80.

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

Analyst Upgrades and Downgrades

PLTR has been the topic of a number of analyst reports. The Goldman Sachs Group boosted their price objective on shares of Palantir Technologies from $16.00 to $41.00 and gave the company a "neutral" rating in a research report on Thursday, November 7th. Morgan Stanley reiterated an "underweight" rating and set a $60.00 price objective on shares of Palantir Technologies in a research report on Monday, January 6th. Mizuho upped their price target on shares of Palantir Technologies from $37.00 to $44.00 and gave the stock an "underperform" rating in a report on Friday, December 13th. Jefferies Financial Group cut shares of Palantir Technologies from a "hold" rating to an "underperform" rating and set a $28.00 price target on the stock. in a report on Thursday, November 7th. Finally, William Blair restated an "underperform" rating on shares of Palantir Technologies in a report on Wednesday, December 18th. Seven analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $42.12.

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.