8,518 Shares in Palantir Technologies Inc. $PLTR Acquired by Arta Finance Wealth Management LLC

Arta Finance Wealth Management LLC acquired a new stake in shares of Palantir Technologies Inc. (NASDAQ:PLTRFree Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 8,518 shares of the company’s stock, valued at approximately $1,514,000. Palantir Technologies accounts for 0.8% of Arta Finance Wealth Management LLC’s portfolio, making the stock its 22nd largest holding.

Several other large investors have also made changes to their positions in PLTR. Decker Retirement Planning Inc. lifted its stake in shares of Palantir Technologies by 778.7% in the 3rd quarter. Decker Retirement Planning Inc. now owns 61,326 shares of the company’s stock valued at $11,187,000 after purchasing an additional 54,347 shares during the period. Prentice Wealth Management LLC acquired a new stake in Palantir Technologies during the third quarter valued at $550,000. Watershed Private Wealth LLC increased its holdings in Palantir Technologies by 75.3% in the third quarter. Watershed Private Wealth LLC now owns 7,798 shares of the company’s stock valued at $1,423,000 after buying an additional 3,350 shares in the last quarter. GAM Holding AG increased its holdings in Palantir Technologies by 39.0% in the third quarter. GAM Holding AG now owns 13,788 shares of the company’s stock valued at $2,515,000 after buying an additional 3,868 shares in the last quarter. Finally, GPS Wealth Strategies Group LLC raised its position in shares of Palantir Technologies by 26.4% in the third quarter. GPS Wealth Strategies Group LLC now owns 58,548 shares of the company’s stock worth $10,680,000 after acquiring an additional 12,229 shares during the period. 45.65% of the stock is owned by hedge funds and other institutional investors.

Palantir Technologies Price Performance

Palantir Technologies stock opened at $148.46 on Friday. Palantir Technologies Inc. has a 52-week low of $66.12 and a 52-week high of $207.52. The firm has a market capitalization of $355.07 billion, a price-to-earnings ratio of 235.65, a PEG ratio of 2.94 and a beta of 1.68. The company has a fifty day simple moving average of $145.80 and a 200-day simple moving average of $167.71.

Palantir Technologies (NASDAQ:PLTRGet Free Report) last posted its quarterly earnings results on Monday, February 2nd. The company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.02. The firm had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.34 billion. Palantir Technologies had a net margin of 36.31% and a return on equity of 23.81%. The company’s revenue for the quarter was up 70.0% on a year-over-year basis. During the same period last year, the firm posted $0.14 earnings per share. On average, research analysts anticipate that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

More Palantir Technologies News

Here are the key news stories impacting Palantir Technologies this week:

Analyst Upgrades and Downgrades

PLTR has been the topic of several recent analyst reports. Zacks Research lowered shares of Palantir Technologies from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 30th. DA Davidson cut their price target on Palantir Technologies from $215.00 to $180.00 and set a “neutral” rating for the company in a research note on Tuesday, February 3rd. Cantor Fitzgerald reaffirmed a “neutral” rating on shares of Palantir Technologies in a report on Tuesday, February 3rd. Robert W. Baird upgraded Palantir Technologies from a “neutral” rating to an “outperform” rating and set a $200.00 price target on the stock in a research report on Tuesday, February 3rd. Finally, Mizuho raised Palantir Technologies from a “neutral” rating to an “outperform” rating and set a $195.00 price objective on the stock in a report on Wednesday, February 18th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Palantir Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $197.77.

View Our Latest Analysis on PLTR

Insider Buying and Selling

In other Palantir Technologies news, insider David A. Glazer sold 17,438 shares of the firm’s stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $133.72, for a total value of $2,331,809.36. Following the transaction, the insider directly owned 392,370 shares of the company’s stock, valued at $52,467,716.40. This trade represents a 4.26% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Shyam Sankar sold 168,004 shares of the business’s stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $133.72, for a total value of $22,465,494.88. Following the transaction, the insider owned 642,786 shares in the company, valued at approximately $85,953,343.92. This represents a 20.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 1,029,879 shares of company stock worth $137,746,253 in the last 90 days. Corporate insiders own 9.23% of the company’s stock.

About Palantir Technologies

(Free Report)

Palantir Technologies is a software company that develops data integration, analytics and operational decision-making platforms for government and commercial customers. Founded in 2003 by a team that included Alex Karp and Peter Thiel, Palantir has grown into a provider of enterprise-scale software designed to help organizations integrate disparate data sources, build analytic models and drive operational workflows. The company went public in 2020 and continues to position its products around large, complex data projects where security, provenance and real-time collaboration are important.

Palantir’s product portfolio centers on a small number of core platforms.

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

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