Hodges Capital Management Inc. Purchases Shares of 218,902 Palantir Technologies Inc. (NASDAQ:PLTR)

Hodges Capital Management Inc. acquired a new position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 218,902 shares of the company’s stock, valued at approximately $16,556,000. Palantir Technologies comprises 1.0% of Hodges Capital Management Inc.’s portfolio, making the stock its 28th largest holding.

Several other hedge funds have also modified their holdings of PLTR. Northwest Investment Counselors LLC acquired a new position in Palantir Technologies during the third quarter worth approximately $25,000. Prestige Wealth Management Group LLC grew its stake in shares of Palantir Technologies by 747.1% during the 3rd quarter. Prestige Wealth Management Group LLC now owns 737 shares of the company’s stock valued at $27,000 after buying an additional 650 shares during the period. First PREMIER Bank acquired a new stake in shares of Palantir Technologies during the 4th quarter worth $28,000. Wolff Wiese Magana LLC raised 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 buying an additional 265 shares during the period. Finally, R Squared Ltd acquired a new position in Palantir Technologies in the fourth quarter valued at $33,000. 45.65% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Alexandra W. Schiff sold 4,000 shares of the firm’s stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $71.63, for a total transaction of $286,520.00. Following the transaction, the director now directly owns 195,393 shares in the company, valued at $13,996,000.59. This trade represents a 2.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Lauren Elaina Friedman Stat sold 8,054 shares of the business’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $50.49, for a total transaction of $406,646.46. Following the sale, the director now owns 130,250 shares of the company’s stock, valued at approximately $6,576,322.50. The trade was a 5.82 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 20,181,807 shares of company stock valued at $1,288,448,522 in the last ninety days. Corporate insiders own 12.93% of the company’s stock.

Palantir Technologies Stock Up 1.6 %

PLTR stock opened at $82.49 on Monday. The stock’s 50 day moving average is $73.71 and its two-hundred day moving average is $51.00. Palantir Technologies Inc. has a 52-week low of $16.03 and a 52-week high of $85.22. The company has a market capitalization of $187.91 billion, a PE ratio of 412.47, a P/E/G ratio of 7.54 and a beta of 2.81.

Palantir Technologies (NASDAQ:PLTR) last issued its quarterly earnings results on Monday, November 4th. The company reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.01. The business had revenue of $725.52 million during the quarter, compared to analyst estimates of $705.11 million. Palantir Technologies had a net margin of 18.01% and a return on equity of 9.94%. The business’s revenue was up 30.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.03 earnings per share. As a group, sell-side analysts anticipate that Palantir Technologies Inc. will post 0.19 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Northland Securities upped their price target on Palantir Technologies from $35.00 to $38.00 and gave the stock a “market perform” rating in a research note on Tuesday, November 5th. DA Davidson increased their target price on shares of Palantir Technologies from $28.00 to $47.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. Bank of America lifted their price target on shares of Palantir Technologies from $55.00 to $75.00 and gave the company a “buy” rating in a research report on Monday, November 25th. Argus lowered shares of Palantir Technologies from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th. Finally, UBS Group began coverage on shares of Palantir Technologies in a research note on Thursday, December 19th. They issued a “neutral” rating and a $80.00 target price on the stock. Seven equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Palantir Technologies has a consensus rating of “Hold” and an average target price of $44.61.

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.