Quest Partners LLC Invests $40,000 in Palantir Technologies Inc. (NYSE:PLTR)

Quest Partners LLC acquired a new position in Palantir Technologies Inc. (NYSE:PLTRFree Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 2,346 shares of the company’s stock, valued at approximately $40,000.

Other institutional investors have also made changes to their positions in the company. Pacifica Partners Inc. bought a new position in shares of Palantir Technologies in the fourth quarter worth about $27,000. First United Bank & Trust bought a new position in Palantir Technologies during the fourth quarter valued at about $26,000. Truvestments Capital LLC increased its stake in Palantir Technologies by 74.9% during the third quarter. Truvestments Capital LLC now owns 1,635 shares of the company’s stock valued at $26,000 after acquiring an additional 700 shares during the period. SJS Investment Consulting Inc. increased its stake in 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 acquiring an additional 1,856 shares during the period. Finally, GAMMA Investing LLC bought a new position in Palantir Technologies during the fourth quarter valued at about $33,000. 45.65% of the stock is currently owned by institutional investors.

Palantir Technologies Stock Performance

NYSE:PLTR opened at $21.73 on Friday. The stock’s fifty day moving average price is $22.15 and its two-hundred day moving average price is $20.81. Palantir Technologies Inc. has a 52-week low of $13.56 and a 52-week high of $27.50. The company has a market cap of $48.38 billion, a price-to-earnings ratio of 181.06, a P/E/G ratio of 4.83 and a beta of 2.76.

Palantir Technologies (NYSE:PLTRGet Free Report) last posted its quarterly earnings data on Monday, May 6th. The company reported $0.04 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.04. The firm had revenue of $634.34 million for the quarter, compared to the consensus estimate of $614.88 million. Palantir Technologies had a return on equity of 8.28% and a net margin of 12.79%. On average, equities analysts predict that Palantir Technologies Inc. will post 0.16 EPS for the current fiscal year.

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, insider Heather A. Planishek sold 32,828 shares of the company’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $25.95, for a total transaction of $851,886.60. Following the completion of the sale, the insider now owns 662,006 shares in the company, valued at approximately $17,179,055.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Peter Thiel sold 7,044,756 shares of the company’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $24.79, for a total value of $174,639,501.24. Following the completion of the sale, the director now owns 70,806,432 shares in the company, valued at approximately $1,755,291,449.28. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Heather A. Planishek sold 32,828 shares of the company’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $25.95, for a total transaction of $851,886.60. Following the completion of the sale, the insider now owns 662,006 shares of the company’s stock, valued at approximately $17,179,055.70. The disclosure for this sale can be found here. In the last 90 days, insiders sold 18,407,722 shares of company stock worth $414,449,200. Insiders own 12.93% of the company’s stock.

Wall Street Analyst Weigh In

PLTR has been the topic of a number of recent research reports. Monness Crespi & Hardt raised Palantir Technologies from a “sell” rating to a “neutral” rating in a report on Friday, April 26th. Jefferies Financial Group raised Palantir Technologies from an “underperform” rating to a “hold” rating and lifted their price objective for the company from $13.00 to $22.00 in a report on Tuesday, February 6th. Deutsche Bank Aktiengesellschaft lifted their price objective on Palantir Technologies from $18.00 to $20.00 and gave the company a “sell” rating in a report on Tuesday, May 7th. Mizuho lifted their price objective on Palantir Technologies from $18.00 to $21.00 and gave the company a “neutral” rating in a report on Thursday, March 7th. Finally, Citigroup boosted their target price on Palantir Technologies from $23.00 to $25.00 and gave the stock a “neutral” rating in a report on Tuesday, May 7th. Five 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. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $20.65.

Get Our Latest Analysis on Palantir Technologies

Palantir Technologies Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Palantir Technologies (NYSE:PLTR)

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