RFG Holdings Inc. Purchases 4,609 Shares of Palantir Technologies Inc. (NASDAQ:PLTR)

RFG Holdings Inc. raised its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 61.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,126 shares of the company’s stock after acquiring an additional 4,609 shares during the quarter. RFG Holdings Inc.’s holdings in Palantir Technologies were worth $917,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in PLTR. Northwest Investment Counselors LLC acquired a new stake in Palantir Technologies during the 3rd quarter worth approximately $25,000. Prestige Wealth Management Group LLC boosted its position in shares of Palantir Technologies by 747.1% in the third quarter. Prestige Wealth Management Group LLC now owns 737 shares of the company’s stock valued at $27,000 after acquiring an additional 650 shares during the period. First PREMIER Bank acquired a new position in shares of Palantir Technologies in the fourth quarter valued at about $28,000. Wolff Wiese Magana LLC grew its position in Palantir Technologies by 230.4% during the fourth quarter. Wolff Wiese Magana LLC now owns 380 shares of the company’s stock worth $29,000 after buying an additional 265 shares in the last quarter. Finally, R Squared Ltd acquired a new position in shares of Palantir Technologies in the 4th quarter valued at approximately $33,000. Institutional investors own 45.65% of the company’s stock.

Insider Buying and Selling

In related news, insider Shyam Sankar sold 5,250,000 shares of Palantir Technologies stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $70.08, for a total value of $367,920,000.00. Following the sale, the insider now owns 752,786 shares of the company’s stock, valued at approximately $52,755,242.88. The trade was a 87.46 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 value of $286,520.00. Following the completion of the sale, the director now directly owns 195,393 shares of the company’s stock, valued at $13,996,000.59. This represents a 2.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 20,153,753 shares of company stock worth $1,287,042,675. Insiders own 12.93% of the company’s stock.

Wall Street Analyst Weigh In

PLTR has been the subject of several research analyst reports. Argus downgraded shares of Palantir Technologies from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th. UBS Group started coverage on Palantir Technologies in a research note on Thursday, December 19th. They issued a “neutral” rating and a $80.00 price objective on the stock. Jefferies Financial Group increased their target price on shares of Palantir Technologies from $28.00 to $60.00 and gave the stock an “underperform” rating in a report on Tuesday. Bank of America raised their target price on shares of Palantir Technologies from $90.00 to $125.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, DA Davidson upped their price target on shares of Palantir Technologies from $28.00 to $47.00 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. Six research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $58.56.

Palantir Technologies Price Performance

PLTR opened at $104.60 on Tuesday. The company’s 50-day moving average is $74.09 and its 200 day moving average is $51.39. The firm has a market capitalization of $238.29 billion, a PE ratio of 520.70, a P/E/G ratio of 7.54 and a beta of 2.81. Palantir Technologies Inc. has a fifty-two week low of $16.48 and a fifty-two week high of $103.30.

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

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.