Savvy Advisors Inc. Has $5.44 Million Holdings in Palantir Technologies Inc. $PLTR

Savvy Advisors Inc. raised its holdings in Palantir Technologies Inc. (NASDAQ:PLTRFree Report) by 35.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 30,591 shares of the company’s stock after acquiring an additional 8,030 shares during the period. Savvy Advisors Inc.’s holdings in Palantir Technologies were worth $5,438,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Occidental Asset Management LLC boosted its stake in shares of Palantir Technologies by 2.8% in the 3rd quarter. Occidental Asset Management LLC now owns 1,964 shares of the company’s stock valued at $358,000 after purchasing an additional 53 shares in the last quarter. Gallacher Capital Management LLC lifted its stake in Palantir Technologies by 2.2% in the 3rd quarter. Gallacher Capital Management LLC now owns 2,452 shares of the company’s stock valued at $447,000 after purchasing an additional 53 shares during the last quarter. Bare Financial Services Inc boosted its position in Palantir Technologies by 54.5% in the third quarter. Bare Financial Services Inc now owns 156 shares of the company’s stock valued at $28,000 after buying an additional 55 shares in the last quarter. Lionshead Wealth Management LLC grew its stake in shares of Palantir Technologies by 0.4% during the third quarter. Lionshead Wealth Management LLC now owns 13,130 shares of the company’s stock worth $2,395,000 after buying an additional 56 shares during the last quarter. Finally, Ellenbecker Investment Group increased its holdings in shares of Palantir Technologies by 3.6% during the third quarter. Ellenbecker Investment Group now owns 1,619 shares of the company’s stock worth $295,000 after buying an additional 57 shares in the last quarter. Institutional investors and hedge funds own 45.65% of the company’s stock.

Palantir Technologies Stock Performance

Shares of PLTR opened at $148.46 on Friday. The stock’s 50-day moving average price is $145.80 and its two-hundred day moving average price is $167.71. Palantir Technologies Inc. has a 12 month low of $66.12 and a 12 month high of $207.52. The company has a market capitalization of $355.07 billion, a PE ratio of 235.65, a PEG ratio of 2.94 and a beta of 1.68.

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

Key Stories Impacting Palantir Technologies

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

Insider Activity

In other news, insider Stephen Andrew Cohen sold 327,088 shares of the business’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 $43,738,207.36. Following the transaction, the insider owned 592 shares in the company, valued at approximately $79,162.24. The trade was a 99.82% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Alexander C. Karp sold 493,025 shares of the company’s stock in a transaction on Friday, February 20th. The shares were sold at an average price of $133.78, for a total transaction of $65,956,884.50. Following the completion of the sale, the insider directly owned 6,432,258 shares in the company, valued at approximately $860,507,475.24. This represents a 7.12% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 1,029,879 shares of company stock worth $137,746,253. 9.23% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research firms recently weighed in on PLTR. Cantor Fitzgerald reissued a “neutral” rating on shares of Palantir Technologies in a report on Tuesday, February 3rd. William Blair raised Palantir Technologies from a “market perform” rating to an “outperform” rating in a report on Monday, February 2nd. Piper Sandler reiterated an “overweight” rating and issued a $230.00 target price on shares of Palantir Technologies in a research report on Tuesday, February 3rd. Argus raised Palantir Technologies to a “hold” rating in a research note on Monday, February 9th. Finally, Phillip Securities dropped their price objective on shares of Palantir Technologies from $208.00 to $190.00 and set a “buy” rating for the company in a report on Wednesday. One investment 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 issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $197.77.

Get Our Latest Research Report on Palantir Technologies

Palantir Technologies Company Profile

(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.

See Also

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

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