Palantir Technologies Inc. (NYSE:PLTR) Shares Acquired by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. increased its position in shares of Palantir Technologies Inc. (NYSE:PLTR) by 24.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 375,377 shares of the company’s stock after buying an additional 73,762 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Palantir Technologies were worth $6,445,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the company. Fiduciary Alliance LLC raised its position in shares of Palantir Technologies by 1.0% in the fourth quarter. Fiduciary Alliance LLC now owns 60,776 shares of the company’s stock valued at $1,044,000 after buying an additional 618 shares during the last quarter. AXS Investments LLC lifted its position in Palantir Technologies by 1.5% in the fourth quarter. AXS Investments LLC now owns 42,264 shares of the company’s stock valued at $726,000 after buying an additional 626 shares during the last quarter. Golden State Equity Partners increased its position in shares of Palantir Technologies by 4.6% during the fourth quarter. Golden State Equity Partners now owns 14,435 shares of the company’s stock valued at $248,000 after acquiring an additional 640 shares during the last quarter. Exencial Wealth Advisors LLC lifted its holdings in shares of Palantir Technologies by 4.1% in the 4th quarter. Exencial Wealth Advisors LLC now owns 16,417 shares of the company’s stock worth $282,000 after acquiring an additional 644 shares during the last quarter. Finally, Capital Investment Counsel Inc boosted its position in shares of Palantir Technologies by 0.5% during the 4th quarter. Capital Investment Counsel Inc now owns 120,727 shares of the company’s stock worth $2,073,000 after purchasing an additional 650 shares during the period. Institutional investors and hedge funds own 45.65% of the company’s stock.

Insiders Place Their Bets

In related news, Director Peter Thiel sold 6,285,833 shares of the stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $21.33, for a total value of $134,076,817.89. Following the completion of the transaction, the director now directly owns 64,520,599 shares of the company’s stock, valued at approximately $1,376,224,376.67. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Alexandra W. Schiff sold 5,000 shares of Palantir Technologies stock in a transaction on Monday, April 1st. The shares were sold at an average price of $22.74, for a total value of $113,700.00. Following the transaction, the director now owns 186,783 shares in the company, valued at approximately $4,247,445.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Peter Thiel sold 6,285,833 shares of the business’s stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $21.33, for a total value of $134,076,817.89. Following the transaction, the director now directly owns 64,520,599 shares of the company’s stock, valued at approximately $1,376,224,376.67. The disclosure for this sale can be found here. Insiders have sold 11,374,153 shares of company stock worth $239,976,945 in the last three months. 12.93% of the stock is owned by insiders.

Palantir Technologies Price Performance

Palantir Technologies stock opened at $25.02 on Tuesday. The company has a market cap of $55.72 billion, a price-to-earnings ratio of 208.52, a price-to-earnings-growth ratio of 5.44 and a beta of 2.70. Palantir Technologies Inc. has a 12 month low of $13.56 and a 12 month high of $27.50. The stock’s 50-day moving average is $22.09 and its 200-day moving average is $21.10.

Palantir Technologies (NYSE:PLTR) last released its quarterly earnings results on Monday, May 6th. The company reported $0.04 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.04. Palantir Technologies had a net margin of 12.79% and a return on equity of 8.28%. The business had revenue of $634.34 million during the quarter, compared to analyst estimates of $614.88 million. Research analysts anticipate that Palantir Technologies Inc. will post 0.16 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have commented on PLTR. Deutsche Bank Aktiengesellschaft upped their price target on Palantir Technologies from $18.00 to $20.00 and gave the stock a “sell” rating in a research note on Tuesday, May 7th. DA Davidson boosted their price objective on Palantir Technologies from $19.00 to $24.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 7th. William Blair restated an “underperform” rating on shares of Palantir Technologies in a research note on Tuesday, May 7th. Argus began coverage on shares of Palantir Technologies in a research note on Monday. They issued a “buy” rating and a $29.00 price target on the stock. Finally, HSBC boosted their price objective on shares of Palantir Technologies from $22.00 to $23.00 and gave the stock a “hold” rating in a research report on Tuesday, May 7th. Five equities research analysts have rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Palantir Technologies has an average rating of “Hold” and an average price target of $21.25.

Palantir Technologies Company Profile

Palantir Technologies Inc builds and deploys software platforms for the intelligence community to assist in counterterrorism investigations and operations in the United States, the United Kingdom, and internationally. The company provides Palantir Gotham, a software platform which enables users to identify patterns hidden deep within datasets, ranging from signals intelligence sources to reports from confidential informants, as well as facilitates the handoff between analysts and operational users, helping operators plan and execute real-world responses to threats that have been identified within the platform.