Capital Investment Advisors LLC lifted its position in Palantir Technologies Inc. (NASDAQ:PLTR – Free Report) by 18.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 16,263 shares of the company’s stock after buying an additional 2,526 shares during the period. Capital Investment Advisors LLC’s holdings in Palantir Technologies were worth $1,230,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently modified their holdings of PLTR. Fiduciary Alliance LLC grew its holdings in Palantir Technologies by 38.2% during the fourth quarter. Fiduciary Alliance LLC now owns 159,476 shares of the company’s stock worth $12,061,000 after acquiring an additional 44,101 shares during the period. TT International Asset Management LTD acquired a new position in shares of Palantir Technologies in the 4th quarter worth approximately $264,000. EWG Elevate Inc. bought a new stake in shares of Palantir Technologies in the 4th quarter worth approximately $217,000. Aprio Wealth Management LLC acquired a new stake in Palantir Technologies during the fourth quarter valued at approximately $325,000. Finally, Czech National Bank boosted its holdings in Palantir Technologies by 8.3% during the fourth quarter. Czech National Bank now owns 444,441 shares of the company’s stock worth $33,613,000 after buying an additional 34,212 shares in the last quarter. Institutional investors own 45.65% of the company’s stock.
Insider Buying and Selling at Palantir Technologies
In other news, insider Ryan D. Taylor sold 123,334 shares of Palantir Technologies stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $45.00, for a total transaction of $5,550,030.00. Following the sale, the insider now directly owns 331,369 shares in the company, valued at approximately $14,911,605. The trade was a 27.12 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Alexandra W. Schiff sold 4,000 shares of the stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $71.63, for a total transaction of $286,520.00. Following the completion of the transaction, the director now directly owns 195,393 shares of the company’s stock, valued at $13,996,000.59. This trade represents a 2.01 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 23,642,189 shares of company stock valued at $1,444,232,453 in the last quarter. Corporate insiders own 12.93% of the company’s stock.
Analyst Upgrades and Downgrades
Read Our Latest Stock Analysis on Palantir Technologies
Palantir Technologies Price Performance
Shares of Palantir Technologies stock opened at $65.91 on Wednesday. The company has a market cap of $150.14 billion, a PE ratio of 329.57, a price-to-earnings-growth ratio of 10.18 and a beta of 2.82. The firm has a fifty day moving average price of $69.70 and a two-hundred day moving average price of $46.54. Palantir Technologies Inc. has a fifty-two week low of $16.03 and a fifty-two week high of $84.80.
Palantir Technologies (NASDAQ:PLTR – Get Free Report) last announced its quarterly earnings data on Monday, November 4th. The company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01. Palantir Technologies had a net margin of 18.01% and a return on equity of 9.94%. 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 prior year, the business earned $0.03 earnings per share. The firm’s revenue for the quarter was up 30.0% on a year-over-year basis. Analysts expect that Palantir Technologies Inc. will post 0.21 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.
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