Central Valley Advisors LLC Takes Position in Palantir Technologies Inc. (NASDAQ:PLTR)

Central Valley Advisors LLC acquired a new stake in Palantir Technologies Inc. (NASDAQ:PLTR) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 2,949 shares of the company’s stock, valued at approximately $223,000.

A number of other institutional investors have also recently made changes to their positions in PLTR. WINTON GROUP Ltd purchased a new stake in Palantir Technologies during the 2nd quarter valued at $241,000. Dimensional Fund Advisors LP raised its stake in shares of Palantir Technologies by 10.7% during the second quarter. Dimensional Fund Advisors LP now owns 2,880,610 shares of the company’s stock valued at $72,963,000 after acquiring an additional 278,544 shares during the last quarter. Edgestream Partners L.P. purchased a new stake in shares of Palantir Technologies during the second quarter worth about $350,000. Axxcess Wealth Management LLC grew its stake in shares of Palantir Technologies by 264.0% in the second quarter. Axxcess Wealth Management LLC now owns 61,970 shares of the company’s stock worth $1,570,000 after purchasing an additional 44,943 shares during the last quarter. Finally, Wealth Alliance purchased a new position in Palantir Technologies during the 2nd quarter valued at about $247,000. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Insider Activity at Palantir Technologies

In other Palantir Technologies news, insider Alexander C. Karp sold 3,337,048 shares of the stock in a transaction on Monday, October 28th. The stock was sold at an average price of $45.02, for a total transaction of $150,233,900.96. Following the sale, the insider now directly owns 6,432,258 shares in the company, valued at approximately $289,580,255.16. This trade represents a 34.16 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Lauren Elaina Friedman Stat sold 800 shares of the business’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $76.29, for a total value of $61,032.00. Following the completion of the transaction, the director now owns 62,139 shares of the company’s stock, valued at $4,740,584.31. This represents a 1.27 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 23,642,189 shares of company stock valued at $1,444,232,453 over the last 90 days. Corporate insiders own 12.93% of the company’s stock.

Wall Street Analyst Weigh In

PLTR has been the subject of several research analyst reports. Baird R W upgraded Palantir Technologies to a “hold” rating in a report on Thursday, December 12th. William Blair reaffirmed an “underperform” rating on shares of Palantir Technologies in a research note on Wednesday, December 18th. Wedbush boosted their price objective on shares of Palantir Technologies from $57.00 to $75.00 and gave the company an “outperform” rating in a research report on Monday, November 25th. The Goldman Sachs Group raised their target price on shares of Palantir Technologies from $16.00 to $41.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Finally, UBS Group assumed coverage on shares of Palantir Technologies in a research report on Thursday, December 19th. They set a “neutral” rating and a $80.00 price target on the stock. Seven equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $42.12.

Palantir Technologies Trading Up 1.8 %

Palantir Technologies stock opened at $69.34 on Friday. Palantir Technologies Inc. has a 12 month low of $16.03 and a 12 month high of $84.80. The company has a market capitalization of $157.95 billion, a price-to-earnings ratio of 346.70, a price-to-earnings-growth ratio of 6.24 and a beta of 2.82. The business’s fifty day simple moving average is $69.95 and its two-hundred day simple moving average is $46.69.

Palantir Technologies (NASDAQ:PLTR) last announced its quarterly earnings results on Monday, November 4th. The company reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.01. The company had revenue of $725.52 million for the quarter, compared to analysts’ expectations of $705.11 million. Palantir Technologies had a net margin of 18.01% and a return on equity of 9.94%. Palantir Technologies’s revenue was up 30.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.03 EPS. On average, equities research analysts predict that Palantir Technologies Inc. will post 0.2 EPS for the current 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.