GAMMA Investing LLC Has $971,000 Stock Holdings in Palantir Technologies Inc. (NASDAQ:PLTR)

GAMMA Investing LLC boosted its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 124.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 12,843 shares of the company’s stock after purchasing an additional 7,130 shares during the quarter. GAMMA Investing LLC’s holdings in Palantir Technologies were worth $971,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of PLTR. Walter & Keenan Wealth Management LLC IN ADV raised its stake in Palantir Technologies by 1.2% during the 3rd quarter. Walter & Keenan Wealth Management LLC IN ADV now owns 19,587 shares of the company’s stock worth $729,000 after buying an additional 235 shares during the period. Greater Midwest Financial Group LLC lifted its holdings in shares of Palantir Technologies by 0.3% in the 3rd quarter. Greater Midwest Financial Group LLC now owns 87,392 shares of the company’s stock worth $3,251,000 after purchasing an additional 250 shares in the last quarter. Quantum Private Wealth LLC lifted its holdings in shares of Palantir Technologies by 1.1% in the 3rd quarter. Quantum Private Wealth LLC now owns 23,257 shares of the company’s stock worth $865,000 after purchasing an additional 250 shares in the last quarter. Truvestments Capital LLC grew its position in Palantir Technologies by 2.4% in the 3rd quarter. Truvestments Capital LLC now owns 12,169 shares of the company’s stock valued at $453,000 after purchasing an additional 291 shares during the period. Finally, LCM Capital Management Inc increased its position in shares of Palantir Technologies by 0.9% during the third quarter. LCM Capital Management Inc now owns 32,455 shares of the company’s stock worth $1,207,000 after acquiring an additional 300 shares in the last quarter. Institutional investors own 45.65% of the company’s stock.

Palantir Technologies Price Performance

NASDAQ:PLTR opened at $79.89 on Friday. Palantir Technologies Inc. has a 1 year low of $15.66 and a 1 year high of $84.80. The stock’s fifty day moving average price is $66.28 and its two-hundred day moving average price is $44.12. The company has a market cap of $181.99 billion, a P/E ratio of 399.47, a P/E/G ratio of 10.18 and a beta of 2.87.

Palantir Technologies (NASDAQ:PLTR) last posted its earnings results on Monday, November 4th. The company reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01. Palantir Technologies had a return on equity of 9.94% and a net margin of 18.01%. The business had revenue of $725.52 million during the quarter, compared to analyst estimates of $705.11 million. During the same quarter in the previous year, the firm earned $0.03 EPS. The company’s quarterly revenue was up 30.0% compared to the same quarter last year. On average, analysts expect that Palantir Technologies Inc. will post 0.21 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have commented on PLTR. Raymond James lowered Palantir Technologies from an “outperform” rating to a “market perform” rating in a report on Monday, September 23rd. William Blair reiterated an “underperform” rating on shares of Palantir Technologies in a report on Wednesday, December 18th. 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 report on Friday, December 13th. The Goldman Sachs Group increased their price objective on shares of Palantir Technologies from $16.00 to $41.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Finally, Jefferies Financial Group downgraded Palantir Technologies from a “hold” rating to an “underperform” rating and set a $28.00 price objective for the company. in a research note on Thursday, November 7th. Six equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $41.00.

Insiders Place Their Bets

In other news, Director Lauren Elaina Friedman Stat sold 7,321 shares of Palantir Technologies stock in a transaction on Friday, October 11th. The shares were sold at an average price of $43.90, for a total transaction of $321,391.90. Following the completion of the sale, the director now directly owns 138,304 shares of the company’s stock, valued at approximately $6,071,545.60. The trade was a 5.03 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Stephen Andrew Cohen sold 416,053 shares of the stock in a transaction on Friday, December 13th. The shares were sold at an average price of $74.17, for a total value of $30,858,651.01. Following the completion of the transaction, the insider now directly owns 592 shares in the company, valued at approximately $43,908.64. This represents a 99.86 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 23,160,723 shares of company stock worth $1,408,158,941 in the last three months. 12.93% of the stock is currently owned by corporate insiders.

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.