Whitaker Myers Wealth Managers LTD. Purchases New Position in Palantir Technologies Inc. (NASDAQ:PLTR)

Whitaker Myers Wealth Managers LTD. bought a new stake in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 3,496 shares of the company's stock, valued at approximately $264,000.

A number of other hedge funds also recently added to or reduced their stakes in PLTR. Dimensional Fund Advisors LP raised its stake in shares of Palantir Technologies by 10.7% during the second quarter. Dimensional Fund Advisors LP now owns 2,880,610 shares of the company's stock valued at $72,963,000 after purchasing an additional 278,544 shares in the last quarter. Edgestream Partners L.P. bought a new stake in shares of Palantir Technologies during the second quarter valued at about $350,000. Wealth Alliance bought a new stake in shares of Palantir Technologies during the second quarter valued at about $247,000. Mercer Global Advisors Inc. ADV raised its stake in shares of Palantir Technologies by 18.8% during the second quarter. Mercer Global Advisors Inc. ADV now owns 189,550 shares of the company's stock valued at $4,728,000 after purchasing an additional 30,030 shares in the last quarter. Finally, Amalgamated Bank raised its stake in shares of Palantir Technologies by 5.0% during the second quarter. Amalgamated Bank now owns 135,982 shares of the company's stock valued at $3,444,000 after purchasing an additional 6,472 shares in the last quarter. 45.65% of the stock is currently owned by institutional investors.

Palantir Technologies Trading Up 3.7 %

PLTR traded up $2.53 during midday trading on Friday, reaching $71.77. The company's stock had a trading volume of 54,590,923 shares, compared to its average volume of 79,745,712. The stock has a market cap of $163.49 billion, a P/E ratio of 358.87, a PEG ratio of 6.24 and a beta of 2.82. The company has a fifty day simple moving average of $70.49 and a 200 day simple moving average of $47.32. Palantir Technologies Inc. has a twelve month low of $16.03 and a twelve month high of $84.80.

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on PLTR shares. Bank of America lifted their price objective 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. Jefferies Financial Group downgraded shares of Palantir Technologies from a "hold" rating to an "underperform" rating and set a $28.00 price target for the company. in a report on Thursday, November 7th. Robert W. Baird started coverage on shares of Palantir Technologies in a research note on Thursday, December 12th. They issued a "neutral" rating and a $70.00 price objective on the stock. Wedbush boosted their target price on shares of Palantir Technologies from $57.00 to $75.00 and gave the stock an "outperform" rating in a report on Monday, November 25th. Finally, Mizuho raised their target price 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. Seven investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $43.78.

Insider Transactions at Palantir Technologies

In other news, Director Lauren Elaina Friedman Stat sold 800 shares of Palantir Technologies stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $76.29, for a total transaction of $61,032.00. Following the sale, the director now owns 62,139 shares of the company's stock, valued at approximately $4,740,584.31. This trade represents a 1.27 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Alexandra W. Schiff sold 4,000 shares of Palantir Technologies stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $71.63, for a total value of $286,520.00. Following the sale, the director now directly owns 195,393 shares in the company, valued at $13,996,000.59. The trade was a 2.01 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 23,642,189 shares of company stock valued at $1,444,232,453. 12.93% of the stock is owned by corporate insiders.

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.