Charles Schwab Investment Advisory Inc. Boosts Stock Position in Palantir Technologies Inc. (NYSE:PLTR)

Charles Schwab Investment Advisory Inc. lifted its stake in Palantir Technologies Inc. (NYSE:PLTR) by 2.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 39,350 shares of the company’s stock after purchasing an additional 786 shares during the quarter. Charles Schwab Investment Advisory Inc.’s holdings in Palantir Technologies were worth $676,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PLTR. Fiduciary Alliance LLC increased its holdings in shares of Palantir Technologies by 1.0% during the 4th quarter. Fiduciary Alliance LLC now owns 60,776 shares of the company’s stock worth $1,044,000 after buying an additional 618 shares during the last quarter. Golden State Equity Partners raised its position in Palantir Technologies by 4.6% in the fourth quarter. Golden State Equity Partners now owns 14,435 shares of the company’s stock valued at $248,000 after purchasing an additional 640 shares during the period. Capital Investment Counsel Inc raised its position in Palantir Technologies by 0.5% in the fourth quarter. Capital Investment Counsel Inc now owns 120,727 shares of the company’s stock valued at $2,073,000 after purchasing an additional 650 shares during the period. LCM Capital Management Inc lifted its stake in shares of Palantir Technologies by 1.9% in the 4th quarter. LCM Capital Management Inc now owns 34,080 shares of the company’s stock valued at $585,000 after purchasing an additional 650 shares during the last quarter. Finally, Valeo Financial Advisors LLC grew its holdings in shares of Palantir Technologies by 2.2% during the 4th quarter. Valeo Financial Advisors LLC now owns 31,371 shares of the company’s stock worth $539,000 after purchasing an additional 675 shares during the period. Institutional investors and hedge funds own 45.65% of the company’s stock.

Palantir Technologies Price Performance

Shares of NYSE PLTR traded up $0.06 during midday trading on Wednesday, hitting $21.46. 51,948,749 shares of the company’s stock were exchanged, compared to its average volume of 63,478,555. The company has a market cap of $47.49 billion, a PE ratio of 236.58, a P/E/G ratio of 5.72 and a beta of 2.76. Palantir Technologies Inc. has a twelve month low of $8.65 and a twelve month high of $27.50. The firm’s fifty day simple moving average is $23.40 and its 200-day simple moving average is $20.31.

Palantir Technologies (NYSE:PLTR) last announced its quarterly earnings data on Monday, February 5th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.01). Palantir Technologies had a net margin of 9.43% and a return on equity of 6.17%. The firm had revenue of $608.35 million during the quarter, compared to analyst estimates of $603.48 million. Equities analysts anticipate that Palantir Technologies Inc. will post 0.16 EPS for the current fiscal year.

Insider Buying and Selling

In other Palantir Technologies news, Director Lauren Elaina Friedman Stat sold 5,000 shares of the business’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $25.10, for a total transaction of $125,500.00. Following the sale, the director now directly owns 181,830 shares in the company, valued at approximately $4,563,933. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Palantir Technologies news, insider Shyam Sankar sold 29,168 shares of the business’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $25.00, for a total transaction of $729,200.00. Following the sale, the insider now directly owns 752,786 shares in the company, valued at $18,819,650. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Lauren Elaina Friedman Stat sold 5,000 shares of the business’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $25.10, for a total transaction of $125,500.00. Following the completion of the sale, the director now owns 181,830 shares in the company, valued at $4,563,933. The disclosure for this sale can be found here. Insiders have sold 7,356,273 shares of company stock valued at $182,143,602 over the last quarter. Company insiders own 13.96% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Palantir Technologies from $18.00 to $20.00 and gave the company a “sell” rating in a report on Tuesday. Jefferies Financial Group raised Palantir Technologies from an “underperform” rating to a “hold” rating and increased their target price for the stock from $13.00 to $22.00 in a research note on Tuesday, February 6th. Raymond James lifted their target price on Palantir Technologies from $22.00 to $25.00 and gave the company an “outperform” rating in a research report on Tuesday, February 6th. William Blair reissued an “underperform” rating on shares of Palantir Technologies in a research report on Tuesday. Finally, Citigroup lifted their price objective on shares of Palantir Technologies from $23.00 to $25.00 and gave the company a “neutral” rating in a report on Tuesday. Five analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $20.65.

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.