Strategic Blueprint LLC Grows Stock Position in Palantir Technologies Inc. (NASDAQ:PLTR)

Strategic Blueprint LLC boosted its stake in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 128.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,795 shares of the company's stock after buying an additional 11,137 shares during the quarter. Strategic Blueprint LLC's holdings in Palantir Technologies were worth $1,497,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Thrivent Financial for Lutherans boosted its stake in shares of Palantir Technologies by 20.9% in the 2nd quarter. Thrivent Financial for Lutherans now owns 52,732 shares of the company's stock valued at $1,336,000 after purchasing an additional 9,109 shares during the last quarter. ProShare Advisors LLC raised its position in shares of Palantir Technologies by 14.9% in the 2nd quarter. ProShare Advisors LLC now owns 13,100 shares of the company's stock valued at $332,000 after acquiring an additional 1,702 shares during the period. Quarry LP boosted its stake in Palantir Technologies by 193.1% during the 2nd quarter. Quarry LP now owns 4,200 shares of the company's stock worth $106,000 after acquiring an additional 2,767 shares during the last quarter. EP Wealth Advisors LLC increased its stake in Palantir Technologies by 20.3% in the second quarter. EP Wealth Advisors LLC now owns 17,132 shares of the company's stock valued at $434,000 after purchasing an additional 2,896 shares in the last quarter. Finally, Truist Financial Corp increased its position in shares of Palantir Technologies by 21.5% in the 2nd quarter. Truist Financial Corp now owns 449,356 shares of the company's stock valued at $11,382,000 after buying an additional 79,618 shares in the last quarter. 45.65% of the stock is owned by institutional investors.

Insider Activity at Palantir Technologies

In other Palantir Technologies news, insider Shyam Sankar sold 5,250,000 shares of Palantir Technologies stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $70.08, for a total transaction of $367,920,000.00. Following the completion of the transaction, the insider now owns 752,786 shares of the company's stock, valued at $52,755,242.88. The trade was a 87.46 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Alexandra W. Schiff sold 4,000 shares of the firm's stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $71.63, for a total transaction of $286,520.00. Following the completion of the transaction, the director now directly owns 195,393 shares of the company's stock, valued at approximately $13,996,000.59. The trade was a 2.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 20,181,807 shares of company stock valued at $1,288,448,522 over the last ninety days. Corporate insiders own 12.93% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on PLTR. Jefferies Financial Group downgraded shares of Palantir Technologies from a "hold" rating to an "underperform" rating and set a $28.00 target price on the stock. in a report on Thursday, November 7th. Robert W. Baird initiated coverage on shares of Palantir Technologies in a research note on Thursday, December 12th. They issued a "neutral" rating and a $70.00 target price for the company. Morgan Stanley reissued an "underweight" rating and issued a $60.00 price target on shares of Palantir Technologies in a research note on Monday, January 6th. Baird R W raised Palantir Technologies to a "hold" rating in a research report on Thursday, December 12th. Finally, Bank of America boosted their target price on Palantir Technologies from $55.00 to $75.00 and gave the company a "buy" rating in a research note on Monday, November 25th. Seven equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Palantir Technologies has an average rating of "Hold" and a consensus target price of $44.61.

Palantir Technologies Stock Performance

Shares of NASDAQ:PLTR traded up $0.58 during midday trading on Thursday, reaching $80.34. The company's stock had a trading volume of 23,734,192 shares, compared to its average volume of 66,954,063. The firm has a 50 day moving average price of $72.94 and a two-hundred day moving average price of $50.10. Palantir Technologies Inc. has a fifty-two week low of $16.03 and a fifty-two week high of $84.80. The firm has a market capitalization of $183.01 billion, a price-to-earnings ratio of 401.29, a PEG ratio of 7.08 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 earnings per share 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 firm had revenue of $725.52 million during the quarter, compared to the consensus estimate of $705.11 million. During the same period in the previous year, the firm posted $0.03 earnings per share. The business's revenue was up 30.0% compared to the same quarter last year. As a group, research analysts anticipate that Palantir Technologies Inc. will post 0.2 earnings per share for the current year.

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.