Yousif Capital Management LLC Increases Stock Position in Palantir Technologies Inc. (NYSE:PLTR)

Yousif Capital Management LLC boosted its holdings in shares of Palantir Technologies Inc. (NYSE:PLTR) by 5.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,197 shares of the company’s stock after buying an additional 970 shares during the quarter. Yousif Capital Management LLC’s holdings in Palantir Technologies were worth $330,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Truvestments Capital LLC boosted its holdings 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 buying an additional 700 shares in the last quarter. Pacifica Partners Inc. purchased a new position in Palantir Technologies in the fourth quarter worth $27,000. GAMMA Investing LLC acquired a new position in shares of Palantir Technologies during the fourth quarter worth $33,000. Provence Wealth Management Group acquired a new stake in shares of Palantir Technologies in the 3rd quarter worth $34,000. Finally, Glass Jacobson Investment Advisors llc acquired a new stake in shares of Palantir Technologies in the 3rd quarter worth $35,000. Institutional investors own 45.65% of the company’s stock.

Palantir Technologies Stock Up 8.1 %

Shares of PLTR opened at $25.22 on Tuesday. The stock’s 50-day moving average price is $23.36 and its 200-day moving average price is $20.25. The company has a market capitalization of $55.81 billion, a price-to-earnings ratio of 280.25, a PEG ratio of 5.72 and a beta of 2.76. Palantir Technologies Inc. has a 52 week low of $7.59 and a 52 week high of $27.50.

Palantir Technologies (NYSE:PLTR) last issued its quarterly earnings data on Monday, February 5th. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). Palantir Technologies had a return on equity of 6.17% and a net margin of 9.43%. The firm had revenue of $608.35 million for the quarter, compared to analyst estimates of $603.48 million. As a group, equities analysts anticipate that Palantir Technologies Inc. will post 0.16 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have commented on PLTR. Mizuho raised their price target on Palantir Technologies from $18.00 to $21.00 and gave the stock a “neutral” rating in a report on Thursday, March 7th. Citigroup upgraded shares of Palantir Technologies from a “sell” rating to a “neutral” rating and upped their price target for the company from $10.00 to $20.00 in a research note on Tuesday, February 6th. Raymond James lifted their price objective on shares of Palantir Technologies from $22.00 to $25.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 6th. Wedbush reissued an “outperform” rating and issued a $35.00 target price on shares of Palantir Technologies in a research report on Monday. Finally, HSBC cut Palantir Technologies from a “buy” rating to a “hold” rating and set a $22.00 price target for the company. in a research report on Wednesday, February 14th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $18.35.

Insider Activity at Palantir Technologies

In other Palantir Technologies news, insider Shyam Sankar sold 29,168 shares of the company’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $25.00, for a total value of $729,200.00. Following the completion of the transaction, the insider now owns 752,786 shares in the company, valued at $18,819,650. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, Director Alexander D. Moore sold 20,000 shares of Palantir Technologies stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $22.02, for a total value of $440,400.00. Following the sale, the director now owns 1,595,519 shares of the company’s stock, valued at approximately $35,133,328.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Shyam Sankar sold 29,168 shares of the stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $25.00, for a total value of $729,200.00. Following the transaction, the insider now directly owns 752,786 shares of the company’s stock, valued at approximately $18,819,650. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 7,356,273 shares of company stock worth $182,143,602. 13.96% of the stock is owned by company insiders.

About Palantir Technologies

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.