GAMMA Investing LLC Acquires Shares of 2,051 Palantir Technologies Inc. (NYSE:PLTR)

GAMMA Investing LLC acquired a new stake in shares of Palantir Technologies Inc. (NYSE:PLTR) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,051 shares of the company’s stock, valued at approximately $33,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Truvestments Capital LLC boosted its stake in shares of Palantir Technologies by 74.9% in the 3rd quarter. Truvestments Capital LLC now owns 1,635 shares of the company’s stock valued at $26,000 after purchasing an additional 700 shares in the last quarter. Pacifica Partners Inc. bought a new stake in Palantir Technologies in the fourth quarter worth $27,000. Provence Wealth Management Group purchased a new stake in Palantir Technologies during the third quarter valued at about $34,000. Glass Jacobson Investment Advisors llc bought a new position in shares of Palantir Technologies during the third quarter valued at about $35,000. Finally, SJS Investment Consulting Inc. grew its stake in shares of Palantir Technologies by 1,197.4% during the fourth quarter. SJS Investment Consulting Inc. now owns 2,011 shares of the company’s stock valued at $35,000 after buying an additional 1,856 shares during the last quarter. 45.65% of the stock is owned by institutional investors.

Insider Activity

In related news, insider Ryan D. Taylor sold 120,000 shares of the company’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $22.00, for a total transaction of $2,640,000.00. Following the transaction, the insider now directly owns 181,460 shares in the company, valued at approximately $3,992,120. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Palantir Technologies news, Director Alexander D. Moore sold 20,000 shares of the company’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $22.02, for a total value of $440,400.00. Following the transaction, the director now directly owns 1,595,519 shares in the company, valued at approximately $35,133,328.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Ryan D. Taylor sold 120,000 shares of the company’s stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $22.00, for a total transaction of $2,640,000.00. Following the completion of the transaction, the insider now owns 181,460 shares in the company, valued at $3,992,120. The disclosure for this sale can be found here. In the last three months, insiders have sold 7,476,273 shares of company stock worth $184,783,602. 13.96% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

PLTR has been the subject of a number of analyst reports. Royal Bank of Canada reissued an “underperform” rating and set a $5.00 price objective on shares of Palantir Technologies in a research note on Tuesday, February 6th. Wedbush reissued an “outperform” rating and set a $35.00 price target (up previously from $30.00) on shares of Palantir Technologies in a research report on Friday, March 8th. Bank of America boosted their price objective on shares of Palantir Technologies from $24.00 to $28.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. Monness Crespi & Hardt raised shares of Palantir Technologies from a “sell” rating to a “neutral” rating in a research note on Friday, April 26th. Finally, Raymond James raised their target price on Palantir Technologies from $22.00 to $25.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 6th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $18.35.

Palantir Technologies Stock Up 3.5 %

Shares of PLTR stock opened at $23.33 on Monday. The stock has a market cap of $51.62 billion, a P/E ratio of 259.22, a PEG ratio of 5.72 and a beta of 2.76. Palantir Technologies Inc. has a 52 week low of $7.28 and a 52 week high of $27.50. The company’s fifty day simple moving average is $23.36 and its two-hundred day simple moving average is $20.25.

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 business had revenue of $608.35 million for the quarter, compared to analysts’ expectations of $603.48 million. Palantir Technologies had a net margin of 9.43% and a return on equity of 6.17%. On average, analysts anticipate that Palantir Technologies Inc. will post 0.16 EPS for the current fiscal year.

Palantir Technologies 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.