Focus Financial Network Inc. ADV Purchases Shares of 10,272 Palantir Technologies Inc. (NYSE:PLTR)

Focus Financial Network Inc. ADV purchased a new stake in Palantir Technologies Inc. (NYSE:PLTRFree Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 10,272 shares of the company’s stock, valued at approximately $176,000.

A number of other institutional investors also recently modified their holdings of the company. Fiduciary Alliance LLC boosted its stake in shares of Palantir Technologies by 1.0% in the 4th quarter. Fiduciary Alliance LLC now owns 60,776 shares of the company’s stock valued at $1,044,000 after purchasing an additional 618 shares during the last quarter. AXS Investments LLC boosted its stake in shares of Palantir Technologies by 1.5% in the 4th quarter. AXS Investments LLC now owns 42,264 shares of the company’s stock valued at $726,000 after purchasing an additional 626 shares during the last quarter. Golden State Equity Partners boosted its stake 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 valued at $248,000 after purchasing an additional 640 shares during the last quarter. Capital Investment Counsel Inc boosted its stake in Palantir Technologies by 0.5% during the fourth 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 in the last quarter. Finally, LCM Capital Management Inc boosted its stake in Palantir Technologies by 1.9% during the fourth quarter. LCM Capital Management Inc now owns 34,080 shares of the company’s stock worth $585,000 after acquiring an additional 650 shares in the last quarter. 45.65% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Peter Thiel sold 7,044,756 shares of the stock in a transaction dated 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 $1,755,291,449.28. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, Director Peter Thiel sold 7,044,756 shares of the stock in a transaction dated 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 $1,755,291,449.28. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Lauren Elaina Friedman Stat sold 6,000 shares of the firm’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $23.68, for a total transaction of $142,080.00. Following the sale, the director now owns 175,830 shares of the company’s stock, valued at approximately $4,163,654.40. The disclosure for this sale can be found here. Insiders sold a total of 18,374,894 shares of company stock worth $413,597,314 over the last quarter. Insiders own 12.93% of the company’s stock.

Palantir Technologies Trading Up 3.7 %

Palantir Technologies stock opened at $22.10 on Wednesday. The firm’s fifty day moving average price is $21.98 and its two-hundred day moving average price is $20.86. The firm has a market capitalization of $49.21 billion, a price-to-earnings ratio of 184.18, a price-to-earnings-growth ratio of 4.92 and a beta of 2.70. Palantir Technologies Inc. has a 1-year low of $13.56 and a 1-year high of $27.50.

Palantir Technologies (NYSE:PLTRGet Free Report) last announced its earnings results on Monday, May 6th. The company reported $0.04 EPS for the quarter, meeting the consensus estimate of $0.04. The company had revenue of $634.34 million during the quarter, compared to the consensus estimate of $614.88 million. Palantir Technologies had a net margin of 12.79% and a return on equity of 8.28%. On average, research analysts forecast that Palantir Technologies Inc. will post 0.16 EPS for the current year.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Raymond James increased their target price 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. Bank of America increased their target price on shares of Palantir Technologies from $24.00 to $28.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. Jefferies Financial Group raised shares of Palantir Technologies from an “underperform” rating to a “hold” rating and increased their target price for the stock from $13.00 to $22.00 in a research note on Tuesday, February 6th. Royal Bank of Canada increased their target price on shares of Palantir Technologies from $5.00 to $9.00 and gave the stock an “underperform” rating in a research note on Tuesday, May 7th. Finally, Mizuho increased their target price on shares of Palantir Technologies from $18.00 to $21.00 and gave the stock a “neutral” rating in a research note on Thursday, March 7th. Five analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Palantir Technologies has a consensus rating of “Hold” and a consensus price target of $20.65.

Get Our Latest Analysis on PLTR

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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