Palantir Technologies Inc. (NASDAQ:PLTR) Shares Acquired by Trust Co. of Vermont

Trust Co. of Vermont raised its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 506.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,377 shares of the company’s stock after purchasing an additional 1,150 shares during the quarter. Trust Co. of Vermont’s holdings in Palantir Technologies were worth $104,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Northwest Investment Counselors LLC acquired a new position in Palantir Technologies during the 3rd quarter worth $25,000. Prestige Wealth Management Group LLC lifted its holdings in Palantir Technologies by 747.1% during the 3rd quarter. Prestige Wealth Management Group LLC now owns 737 shares of the company’s stock worth $27,000 after buying an additional 650 shares during the last quarter. Wolff Wiese Magana LLC grew its position in shares of Palantir Technologies by 230.4% in the 4th quarter. Wolff Wiese Magana LLC now owns 380 shares of the company’s stock worth $29,000 after acquiring an additional 265 shares in the last quarter. University of Texas Texas AM Investment Management Co. bought a new stake in shares of Palantir Technologies in the 2nd quarter valued at approximately $30,000. Finally, Ashburton Jersey Ltd acquired a new stake in shares of Palantir Technologies during the 2nd quarter valued at approximately $36,000. 45.65% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Palantir Technologies

In related news, insider Alexander C. Karp sold 3,337,048 shares of Palantir Technologies stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $45.02, for a total transaction of $150,233,900.96. Following the sale, the insider now directly owns 6,432,258 shares of the company’s stock, valued at $289,580,255.16. This trade represents a 34.16 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Ryan D. Taylor sold 123,334 shares of the company’s stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $45.00, for a total value of $5,550,030.00. Following the completion of the transaction, the insider now directly owns 331,369 shares of the company’s stock, valued at approximately $14,911,605. This trade represents a 27.12 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 23,642,189 shares of company stock valued at $1,444,232,453 in the last ninety days. Company insiders own 12.93% of the company’s stock.

Palantir Technologies Stock Performance

Palantir Technologies stock opened at $71.77 on Monday. The business’s 50-day simple moving average is $70.49 and its 200-day simple moving average is $47.32. Palantir Technologies Inc. has a 52 week low of $16.03 and a 52 week high of $84.80. The firm has a market capitalization of $163.49 billion, a PE ratio of 358.87, a PEG ratio of 6.24 and a beta of 2.82.

Palantir Technologies (NASDAQ:PLTR) last issued its quarterly earnings results on Monday, November 4th. The company reported $0.10 EPS for the quarter, topping the consensus estimate of $0.09 by $0.01. Palantir Technologies had a return on equity of 9.94% and a net margin of 18.01%. The company had revenue of $725.52 million for the quarter, compared to the consensus estimate of $705.11 million. During the same period in the previous year, the business posted $0.03 EPS. The company’s revenue for the quarter was up 30.0% on a year-over-year basis. Research analysts forecast that Palantir Technologies Inc. will post 0.2 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have recently issued reports on PLTR shares. Wedbush raised their price target on shares of Palantir Technologies from $57.00 to $75.00 and gave the stock an “outperform” rating in a research report on Monday, November 25th. Argus downgraded shares of Palantir Technologies from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. Northland Securities upped their target price on shares of Palantir Technologies from $35.00 to $38.00 and gave the stock a “market perform” rating in a research report on Tuesday, November 5th. DA Davidson lifted their price target on Palantir Technologies from $28.00 to $47.00 and gave the company a “neutral” rating in a report on Tuesday, November 5th. Finally, UBS Group assumed coverage on Palantir Technologies in a report on Thursday, December 19th. They issued a “neutral” rating and a $80.00 price objective for the company. Seven research analysts have rated the stock with a sell rating, twelve have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $43.78.

Palantir Technologies Company 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.