11,960 Shares in Palantir Technologies Inc. (NYSE:PLTR) Acquired by Symmetry Partners LLC

Symmetry Partners LLC bought a new position in shares of Palantir Technologies Inc. (NYSE:PLTR – Get Rating) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 11,960 shares of the company’s stock, valued at approximately $77,000.

Other large investors have also recently made changes to their positions in the company. Exos TFP Holdings LLC purchased a new stake in shares of Palantir Technologies during the third quarter worth approximately $35,000. Quadrant Capital Group LLC boosted its holdings in Palantir Technologies by 39.3% in the second quarter. Quadrant Capital Group LLC now owns 4,694 shares of the company’s stock valued at $43,000 after purchasing an additional 1,324 shares in the last quarter. Householder Group Estate & Retirement Specialist LLC acquired a new position in Palantir Technologies in the third quarter valued at approximately $45,000. Guardian Wealth Advisors LLC acquired a new position in Palantir Technologies in the third quarter valued at approximately $47,000. Finally, Stonebridge Capital Advisors LLC boosted its holdings in Palantir Technologies by 39.0% in the first quarter. Stonebridge Capital Advisors LLC now owns 5,975 shares of the company’s stock valued at $82,000 after purchasing an additional 1,675 shares in the last quarter. 31.90% of the stock is currently owned by hedge funds and other institutional investors.

Palantir Technologies Stock Down 1.3 %

Shares of NYSE PLTR opened at $7.88 on Friday. The stock has a fifty day moving average price of $7.87 and a 200 day moving average price of $7.64. Palantir Technologies Inc. has a 1-year low of $5.84 and a 1-year high of $14.86.

Palantir Technologies (NYSE:PLTR – Get Rating) last issued its quarterly earnings results on Monday, February 13th. The company reported $0.04 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.01. Palantir Technologies had a negative return on equity of 11.90% and a negative net margin of 19.61%. The firm had revenue of $508.62 million during the quarter, compared to the consensus estimate of $504.84 million. During the same period last year, the company earned $0.02 earnings per share. The company’s revenue for the quarter was up 17.5% on a year-over-year basis. As a group, sell-side analysts expect that Palantir Technologies Inc. will post 0.05 EPS for the current fiscal year.

Insider Buying and Selling

In other Palantir Technologies news, insider Jeffrey Buckley sold 4,636 shares of the firm’s stock in a transaction on Tuesday, February 21st. The stock was sold at an average price of $8.55, for a total value of $39,637.80. Following the completion of the sale, the insider now owns 334,051 shares of the company’s stock, valued at $2,856,136.05. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, Director Lauren Elaina Friedman Stat sold 7,000 shares of the firm’s stock in a transaction dated Tuesday, January 3rd. The shares were sold at an average price of $6.38, for a total value of $44,660.00. Following the completion of the sale, the director now owns 213,830 shares in the company, valued at $1,364,235.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jeffrey Buckley sold 4,636 shares of the firm’s stock in a transaction dated Tuesday, February 21st. The shares were sold at an average price of $8.55, for a total transaction of $39,637.80. Following the completion of the sale, the insider now owns 334,051 shares of the company’s stock, valued at approximately $2,856,136.05. The disclosure for this sale can be found here. Insiders sold a total of 191,562 shares of company stock valued at $1,842,051 over the last three months. 13.71% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. The Goldman Sachs Group lowered their price target on Palantir Technologies from $9.00 to $8.00 and set a “neutral” rating for the company in a report on Tuesday, February 14th. DA Davidson assumed coverage on Palantir Technologies in a report on Tuesday, February 28th. They issued a “neutral” rating and a $8.00 price target for the company. Mizuho upped their price target on Palantir Technologies from $7.00 to $8.00 and gave the company a “neutral” rating in a report on Tuesday, February 14th. Credit Suisse Group reaffirmed a “neutral” rating and issued a $11.00 price target on shares of Palantir Technologies in a report on Wednesday, February 15th. Finally, Wolfe Research downgraded Palantir Technologies from a “peer perform” rating to an “underperform” rating and set a $4.50 price objective for the company. in a report on Wednesday, December 21st. Four research analysts have rated the stock with a sell rating, seven have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $9.64.

About Palantir Technologies

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Palantir Technologies Inc builds and deploys software platforms for the intelligence community in the United States to assist in counterterrorism investigations and operations. The company provides palantir gotham, a software platform which enables users to identify patterns hidden deep within datasets, ranging from signals intelligence sources to reports from confidential informants, as well as facilitates the handoff between analysts and operational users, helping operators plan and execute real-world responses to threats that have been identified within the platform.