First Trust Direct Indexing L.P. Boosts Stake in Palantir Technologies Inc. (NYSE:PLTR)

First Trust Direct Indexing L.P. grew its holdings in Palantir Technologies Inc. (NYSE:PLTR) by 31.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,800 shares of the company’s stock after purchasing an additional 3,542 shares during the period. First Trust Direct Indexing L.P.’s holdings in Palantir Technologies were worth $254,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of PLTR. Fiduciary Alliance LLC boosted its stake in Palantir Technologies by 1.0% during the fourth quarter. Fiduciary Alliance LLC now owns 60,776 shares of the company’s stock worth $1,044,000 after buying an additional 618 shares during the period. Golden State Equity Partners lifted its holdings in shares of Palantir Technologies by 4.6% in the 4th quarter. Golden State Equity Partners now owns 14,435 shares of the company’s stock worth $248,000 after acquiring an additional 640 shares during the last quarter. Capital Investment Counsel Inc lifted its holdings in shares of Palantir Technologies by 0.5% in the 4th quarter. Capital Investment Counsel Inc now owns 120,727 shares of the company’s stock worth $2,073,000 after acquiring an additional 650 shares during the last quarter. LCM Capital Management Inc boosted its position in shares of Palantir Technologies by 1.9% during the 4th quarter. LCM Capital Management Inc now owns 34,080 shares of the company’s stock worth $585,000 after purchasing an additional 650 shares during the period. Finally, Valeo Financial Advisors LLC increased its holdings in Palantir Technologies by 2.2% in the 4th quarter. Valeo Financial Advisors LLC now owns 31,371 shares of the company’s stock valued at $539,000 after purchasing an additional 675 shares during the last quarter. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

PLTR has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft boosted their price objective on Palantir Technologies from $18.00 to $20.00 and gave the company a “sell” rating in a report on Tuesday. Wedbush reiterated an “outperform” rating and issued a $35.00 price objective on shares of Palantir Technologies in a research note on Monday. William Blair restated an “underperform” rating on shares of Palantir Technologies in a research note on Tuesday. Bank of America lifted their price objective on shares of Palantir Technologies from $24.00 to $28.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. Finally, DA Davidson upped their price objective on Palantir Technologies from $19.00 to $24.00 and gave the stock a “neutral” rating in a research report on Tuesday. Five equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $20.65.

Insider Activity at Palantir Technologies

In other Palantir Technologies news, insider Shyam Sankar sold 29,168 shares of the stock in a transaction 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 completion of the transaction, the insider now owns 752,786 shares in the company, valued at $18,819,650. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Palantir Technologies news, Director Peter Thiel sold 7,044,756 shares of the company’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $24.79, for a total value of $174,639,501.24. Following the sale, the director now owns 70,806,432 shares of the company’s stock, valued at $1,755,291,449.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Shyam Sankar sold 29,168 shares of the business’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $25.00, for a total transaction of $729,200.00. Following the completion of the sale, the insider now owns 752,786 shares in the company, valued at $18,819,650. The disclosure for this sale can be found here. Insiders have sold a total of 7,356,273 shares of company stock worth $182,143,602 over the last three months. 13.96% of the stock is currently owned by corporate insiders.

Palantir Technologies Stock Performance

PLTR stock opened at $21.41 on Wednesday. Palantir Technologies Inc. has a one year low of $7.59 and a one year high of $27.50. The company has a fifty day moving average of $23.40 and a 200-day moving average of $20.31. The stock has a market capitalization of $47.36 billion, a PE ratio of 237.86, a price-to-earnings-growth ratio of 5.72 and a beta of 2.76.

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

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.