Revolve Wealth Partners LLC Takes $450,000 Position in Palantir Technologies Inc. (NASDAQ:PLTR)

Revolve Wealth Partners LLC bought a new stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 5,946 shares of the company’s stock, valued at approximately $450,000.

Other hedge funds have also bought and sold shares of the company. First PREMIER Bank purchased a new stake in Palantir Technologies in the 4th quarter worth approximately $28,000. Wolff Wiese Magana LLC lifted its stake in shares of Palantir Technologies by 230.4% during the 4th quarter. Wolff Wiese Magana LLC now owns 380 shares of the company’s stock valued at $29,000 after buying an additional 265 shares in the last quarter. Financial Management Professionals Inc. boosted its holdings in Palantir Technologies by 171.5% in the 4th quarter. Financial Management Professionals Inc. now owns 543 shares of the company’s stock worth $41,000 after buying an additional 343 shares during the period. Trivant Custom Portfolio Group LLC raised its holdings in Palantir Technologies by 313.3% during the fourth quarter. Trivant Custom Portfolio Group LLC now owns 620 shares of the company’s stock valued at $47,000 after acquiring an additional 470 shares during the period. Finally, Northwest Investment Counselors LLC purchased a new position in shares of Palantir Technologies in the third quarter valued at about $25,000. Institutional investors own 45.65% of the company’s stock.

Insider Buying and Selling

In other Palantir Technologies news, insider Stephen Andrew Cohen sold 450,000 shares of the business’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $70.95, for a total value of $31,927,500.00. Following the completion of the sale, the insider now directly owns 592 shares of the company’s stock, valued at $42,002.40. The trade was a 99.87 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Alexander C. Karp sold 4,500,000 shares of the firm’s stock in a transaction that occurred 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 directly owns 6,432,258 shares in the company, valued at approximately $353,967,157.74. This trade represents a 41.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 20,181,807 shares of company stock valued at $1,288,448,522. Insiders own 12.93% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on PLTR. William Blair reissued an “underperform” rating on shares of Palantir Technologies in a research note on Wednesday, December 18th. Wedbush boosted their target price on shares of Palantir Technologies from $75.00 to $90.00 and gave the stock an “outperform” rating in a report on Thursday, January 23rd. Northland Securities raised their target price on shares of Palantir Technologies from $35.00 to $38.00 and gave the company a “market perform” rating in a research note on Tuesday, November 5th. Mizuho boosted their price target on shares of Palantir Technologies from $37.00 to $44.00 and gave the stock an “underperform” rating in a research note on Friday, December 13th. Finally, Cantor Fitzgerald started 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. Seven equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $44.61.

Palantir Technologies Trading Down 4.5 %

Palantir Technologies stock opened at $75.43 on Tuesday. Palantir Technologies Inc. has a 12-month low of $16.03 and a 12-month high of $84.80. The firm has a 50-day moving average price of $72.25 and a 200-day moving average price of $49.52. The firm has a market capitalization of $171.82 billion, a PE ratio of 377.15, a price-to-earnings-growth ratio of 7.08 and a beta of 2.82.

Palantir Technologies (NASDAQ:PLTR) last announced its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $705.11 million. Palantir Technologies had a net margin of 18.01% and a return on equity of 9.94%. The firm’s quarterly revenue was up 30.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.03 earnings per share. As a group, sell-side analysts predict that Palantir Technologies Inc. will post 0.2 earnings per share for the current fiscal year.

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.