WESPAC Advisors SoCal LLC Has $1.36 Million Position in Palantir Technologies Inc. (NASDAQ:PLTR)

WESPAC Advisors SoCal LLC boosted its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 177.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,010 shares of the company’s stock after purchasing an additional 11,510 shares during the quarter. WESPAC Advisors SoCal LLC’s holdings in Palantir Technologies were worth $1,362,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Sloy Dahl & Holst LLC boosted its stake in Palantir Technologies by 389.6% in the 4th quarter. Sloy Dahl & Holst LLC now owns 121,031 shares of the company’s stock valued at $9,154,000 after purchasing an additional 96,309 shares during the period. Rockline Wealth Management LLC boosted its stake in Palantir Technologies by 24.9% in the 4th quarter. Rockline Wealth Management LLC now owns 88,029 shares of the company’s stock valued at $6,658,000 after purchasing an additional 17,567 shares during the period. Cullinan Associates Inc. bought a new stake in shares of Palantir Technologies during the 4th quarter valued at $303,000. First Dallas Securities Inc. bought a new stake in shares of Palantir Technologies during the 4th quarter valued at $257,000. Finally, Clay Northam Wealth Management LLC lifted its position in shares of Palantir Technologies by 25.2% during the 4th quarter. Clay Northam Wealth Management LLC now owns 10,404 shares of the company’s stock valued at $787,000 after acquiring an additional 2,095 shares during the period. 45.65% of the stock is currently owned by institutional investors.

Palantir Technologies Stock Performance

NASDAQ:PLTR opened at $83.74 on Tuesday. The firm has a market cap of $190.76 billion, a P/E ratio of 418.72, a P/E/G ratio of 7.54 and a beta of 2.81. Palantir Technologies Inc. has a 52 week low of $16.48 and a 52 week high of $85.22. The firm’s fifty day moving average is $73.71 and its 200-day moving average is $51.00.

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

Insider Buying and Selling

In other Palantir Technologies news, Director Lauren Elaina Friedman Stat sold 8,860 shares of the company’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $58.06, for a total transaction of $514,411.60. Following the transaction, the director now owns 121,390 shares in the company, valued at approximately $7,047,903.40. This represents a 6.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Alexander C. Karp sold 4,500,000 shares of the company’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $55.03, for a total transaction of $247,635,000.00. Following the transaction, the insider now owns 6,432,258 shares in the company, valued at approximately $353,967,157.74. The trade was a 41.16 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 20,153,753 shares of company stock valued at $1,287,042,675 over the last ninety days. 12.93% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on PLTR shares. UBS Group started coverage on Palantir Technologies in a research report on Thursday, December 19th. They set a “neutral” rating and a $80.00 target price for the company. Mizuho upped their price objective on Palantir Technologies from $44.00 to $80.00 and gave the stock an “underperform” rating in a research report on Tuesday. Cantor Fitzgerald initiated coverage on Palantir Technologies in a research report on Friday, January 17th. They set a “neutral” rating and a $72.00 price objective for the company. Morgan Stanley upgraded Palantir Technologies from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $60.00 to $95.00 in a report on Tuesday. Finally, The Goldman Sachs Group boosted their target price on shares of Palantir Technologies from $16.00 to $41.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Six equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $57.11.

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.