Palantir Technologies Inc. (NASDAQ:PLTR) Shares Acquired by Purus Wealth Management LLC

Purus Wealth Management LLC increased its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 13.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,254 shares of the company’s stock after purchasing an additional 1,250 shares during the quarter. Purus Wealth Management LLC’s holdings in Palantir Technologies were worth $776,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of PLTR. Meritas Wealth Management LLC purchased a new position in shares of Palantir Technologies in the 4th quarter valued at about $368,000. Wealth Management Partners LLC raised its holdings in Palantir Technologies by 4.1% in the fourth quarter. Wealth Management Partners LLC now owns 25,130 shares of the company’s stock valued at $1,901,000 after acquiring an additional 980 shares in the last quarter. Thrive Wealth Management LLC purchased a new position in Palantir Technologies in the fourth quarter worth approximately $341,000. Diversify Advisory Services LLC grew its holdings in Palantir Technologies by 29.1% during the 4th quarter. Diversify Advisory Services LLC now owns 24,575 shares of the company’s stock worth $1,859,000 after acquiring an additional 5,533 shares in the last quarter. Finally, Diversify Wealth Management LLC purchased a new stake in shares of Palantir Technologies in the 4th quarter valued at approximately $876,000. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on PLTR shares. Morgan Stanley reiterated an “underweight” rating and set a $60.00 target price on shares of Palantir Technologies in a research note on Monday, January 6th. Jefferies Financial Group downgraded Palantir Technologies from a “hold” rating to an “underperform” rating and set a $28.00 price objective on the stock. in a report on Thursday, November 7th. Baird R W upgraded Palantir Technologies to a “hold” rating in a research note on Thursday, December 12th. Cantor Fitzgerald assumed coverage on shares of Palantir Technologies in a report on Friday. They set a “neutral” rating and a $72.00 price objective on the stock. Finally, Mizuho upped their target price on shares of Palantir Technologies from $37.00 to $44.00 and gave the company an “underperform” rating in a report on Friday, December 13th. Seven investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Palantir Technologies presently has an average rating of “Hold” and an average target price of $43.78.

Palantir Technologies Stock Up 3.7 %

Shares of NASDAQ:PLTR opened at $71.77 on Monday. The company has a market cap of $163.49 billion, a price-to-earnings ratio of 358.87, a PEG ratio of 6.24 and a beta of 2.82. Palantir Technologies Inc. has a fifty-two week low of $16.03 and a fifty-two week high of $84.80. The firm’s 50-day simple moving average is $70.49 and its 200-day simple moving average is $47.32.

Palantir Technologies (NASDAQ:PLTR) last announced its quarterly earnings data on Monday, November 4th. The company reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01. The company had revenue of $725.52 million for the quarter, compared to analyst estimates of $705.11 million. Palantir Technologies had a return on equity of 9.94% and a net margin of 18.01%. The firm’s revenue for the quarter was up 30.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.03 EPS. On average, research analysts forecast that Palantir Technologies Inc. will post 0.2 EPS for the current year.

Insider Buying and Selling

In other Palantir Technologies news, Director Lauren Elaina Friedman Stat sold 8,054 shares of the company’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $50.49, for a total transaction of $406,646.46. Following the transaction, the director now directly owns 130,250 shares in the company, valued at approximately $6,576,322.50. This represents a 5.82 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Alexander C. Karp sold 3,337,048 shares of Palantir Technologies stock in a transaction on Monday, October 28th. The stock was sold at an average price of $45.02, for a total value of $150,233,900.96. Following the transaction, the insider now directly owns 6,432,258 shares of the company’s stock, valued at approximately $289,580,255.16. This represents a 34.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 23,642,189 shares of company stock valued at $1,444,232,453 over the last quarter. Company insiders own 12.93% of the company’s stock.

Palantir Technologies Profile

Palantir Technologies, Inc engages in the business of building and deploying software platforms that serve as the central operating systems for its customers. It operates under the Commercial and Government segments. The Commercial segment focuses on customers working in non-government industries. The Government segment is involved in providing services to customers that are the United States government and non-United States government agencies.