Geneos Wealth Management Inc. lifted its holdings in shares of Palantir Technologies Inc. (NYSE:PLTR – Get Rating) by 2.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 108,891 shares of the company’s stock after purchasing an additional 2,200 shares during the period. Geneos Wealth Management Inc.’s holdings in Palantir Technologies were worth $699,000 as of its most recent SEC filing.
Several other hedge funds also recently bought and sold shares of PLTR. QCM Cayman Ltd. acquired a new stake in Palantir Technologies in the 4th quarter worth about $111,000. New York State Common Retirement Fund increased its stake in Palantir Technologies by 2.0% during the 4th quarter. New York State Common Retirement Fund now owns 1,939,758 shares of the company’s stock worth $12,453,000 after buying an additional 37,700 shares during the period. Kistler Tiffany Companies LLC acquired a new position in Palantir Technologies in the 4th quarter worth $48,000. International Assets Investment Management LLC grew its stake in shares of Palantir Technologies by 93.6% during the fourth quarter. International Assets Investment Management LLC now owns 147,688 shares of the company’s stock valued at $948,000 after acquiring an additional 71,402 shares in the last quarter. Finally, Barnes Pettey Financial Advisors LLC purchased a new stake in shares of Palantir Technologies during the fourth quarter worth about $1,471,000. Hedge funds and other institutional investors own 31.90% of the company’s stock.
Palantir Technologies Stock Performance
Shares of NYSE:PLTR opened at $8.58 on Friday. Palantir Technologies Inc. has a 1-year low of $5.84 and a 1-year high of $13.33. The company has a 50 day moving average price of $8.27 and a 200 day moving average price of $7.72.
Palantir Technologies (NYSE:PLTR – Get Rating) last issued its earnings results on Monday, February 13th. The company reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.01. Palantir Technologies had a negative return on equity of 11.90% and a negative net margin of 19.61%. The business had revenue of $508.62 million for the quarter, compared to analysts’ expectations of $504.84 million. During the same period in the previous year, the firm posted $0.02 EPS. The company’s quarterly revenue was up 17.5% on a year-over-year basis. Sell-side analysts predict that Palantir Technologies Inc. will post 0.05 earnings per share for the current year.
Analyst Upgrades and Downgrades
A number of brokerages have issued reports on PLTR. Deutsche Bank Aktiengesellschaft cut their target price on Palantir Technologies from $7.00 to $6.00 and set a “sell” rating on the stock in a research report on Monday, January 23rd. Morgan Stanley dropped their target price on shares of Palantir Technologies from $10.00 to $8.00 and set an “equal weight” rating for the company in a research report on Monday, December 19th. Mizuho increased their price target on shares of Palantir Technologies from $7.00 to $8.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 14th. The Goldman Sachs Group lowered their price objective on Palantir Technologies from $9.00 to $8.00 and set a “neutral” rating for the company in a report on Tuesday, February 14th. Finally, DA Davidson assumed coverage on Palantir Technologies in a report on Tuesday, February 28th. They set a “neutral” rating and a $8.00 target price on the stock. Five equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $8.85.
Insiders Place Their Bets
In other Palantir Technologies news, insider Ryan D. Taylor sold 153,049 shares of the firm’s stock in a transaction dated Wednesday, February 15th. The shares were sold at an average price of $10.07, for a total value of $1,541,203.43. Following the completion of the transaction, the insider now directly owns 281,526 shares in the company, valued at $2,834,966.82. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other Palantir Technologies news, insider Jeffrey Buckley sold 4,636 shares of the company’s stock in a transaction dated Tuesday, February 21st. The stock was sold at an average price of $8.55, for a total value of $39,637.80. Following the transaction, the insider now directly owns 334,051 shares of the company’s stock, valued at approximately $2,856,136.05. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Ryan D. Taylor sold 153,049 shares of the firm’s stock in a transaction dated Wednesday, February 15th. The stock was sold at an average price of $10.07, for a total value of $1,541,203.43. Following the sale, the insider now directly owns 281,526 shares of the company’s stock, valued at $2,834,966.82. The disclosure for this sale can be found here. In the last quarter, insiders have sold 206,462 shares of company stock worth $1,980,256. Company insiders own 13.71% of the company’s stock.
About Palantir Technologies
Palantir Technologies Inc builds and deploys software platforms for the intelligence community in the United States to assist in counterterrorism investigations and operations. 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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