Tennessee Valley Asset Management Partners Acquires Shares of 7,695 Palantir Technologies Inc. (NYSE:PLTR)

Tennessee Valley Asset Management Partners bought a new stake in shares of Palantir Technologies Inc. (NYSE:PLTR) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 7,695 shares of the company’s stock, valued at approximately $132,000.

Several other hedge funds also recently modified their holdings of the stock. Valeo Financial Advisors LLC boosted its position in shares of Palantir Technologies by 2.2% during the fourth quarter. Valeo Financial Advisors LLC now owns 31,371 shares of the company’s stock valued at $539,000 after buying an additional 675 shares during the last quarter. Cerity Partners LLC lifted its holdings in Palantir Technologies by 883.2% during the fourth quarter. Cerity Partners LLC now owns 620,439 shares of the company’s stock worth $10,653,000 after acquiring an additional 557,337 shares during the period. Cherry Creek Investment Advisors Inc. bought a new stake in Palantir Technologies during the fourth quarter worth $620,000. Toth Financial Advisory Corp lifted its holdings in Palantir Technologies by 4,544.3% during the fourth quarter. Toth Financial Advisory Corp now owns 33,671 shares of the company’s stock worth $578,000 after acquiring an additional 32,946 shares during the period. Finally, Sequoia Financial Advisors LLC lifted its holdings in Palantir Technologies by 802.9% during the fourth quarter. Sequoia Financial Advisors LLC now owns 202,289 shares of the company’s stock worth $3,473,000 after acquiring an additional 179,884 shares during the period. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Palantir Technologies Stock Performance

Shares of NYSE:PLTR opened at $20.98 on Tuesday. Palantir Technologies Inc. has a 52-week low of $7.28 and a 52-week high of $27.50. The firm has a market capitalization of $46.41 billion, a P/E ratio of 233.08, a P/E/G ratio of 5.02 and a beta of 2.78. The stock has a 50 day moving average price of $23.68 and a 200-day moving average price of $19.95.

Palantir Technologies (NYSE:PLTR) last announced its earnings results on Monday, February 5th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.01). The firm had revenue of $608.35 million during the quarter, compared to the consensus estimate of $603.48 million. Palantir Technologies had a return on equity of 6.17% and a net margin of 9.43%. On average, equities analysts forecast that Palantir Technologies Inc. will post 0.16 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Shyam Sankar sold 29,168 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $25.00, for a total value of $729,200.00. Following the sale, the insider now owns 752,786 shares in the company, valued at approximately $18,819,650. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Shyam Sankar sold 29,168 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $25.00, for a total value of $729,200.00. Following the sale, the insider now owns 752,786 shares in the company, valued at approximately $18,819,650. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Lauren Elaina Friedman Stat sold 5,000 shares of the stock in a transaction on Friday, February 9th. The shares were sold at an average price of $25.10, for a total value of $125,500.00. Following the sale, the director now owns 181,830 shares in the company, valued at $4,563,933. The disclosure for this sale can be found here. Insiders have sold 7,456,273 shares of company stock worth $184,343,202 in the last 90 days. Insiders own 13.96% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on PLTR shares. Wedbush reiterated an “outperform” rating and set a $35.00 price target (up from $30.00) on shares of Palantir Technologies in a report on Friday, March 8th. Royal Bank of Canada restated an “underperform” rating and issued a $5.00 target price on shares of Palantir Technologies in a research note on Tuesday, February 6th. Monness Crespi & Hardt lowered Palantir Technologies from a “neutral” rating to a “sell” rating and set a $20.00 target price on the stock. in a research note on Thursday, March 28th. Raymond James boosted their target price on Palantir Technologies from $22.00 to $25.00 and gave the company an “outperform” rating in a research note on Tuesday, February 6th. Finally, Citigroup upgraded Palantir Technologies from a “sell” rating to a “neutral” rating and boosted their target price for the company from $10.00 to $20.00 in a research note on Tuesday, February 6th. Four research analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, Palantir Technologies has a consensus rating of “Hold” and a consensus price target of $18.35.

Palantir Technologies Company Profile

Palantir Technologies Inc builds and deploys software platforms for the intelligence community to assist in counterterrorism investigations and operations in the United States, the United Kingdom, and internationally. 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.