Murphy Middleton Hinkle & Parker Inc. Invests $279,000 in Palantir Technologies Inc. (NASDAQ:PLTR)

Murphy Middleton Hinkle & Parker Inc. bought a new stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 3,690 shares of the company’s stock, valued at approximately $279,000.

Other hedge funds have also bought and sold shares of the company. Cadinha & Co. LLC lifted its position in shares of Palantir Technologies by 117.5% during the 4th quarter. Cadinha & Co. LLC now owns 229,764 shares of the company’s stock valued at $17,377,000 after buying an additional 124,131 shares in the last quarter. Clarius Group LLC bought a new stake in Palantir Technologies during the 4th quarter worth approximately $348,000. Oak Ridge Investments LLC lifted its holdings in Palantir Technologies by 13.2% during the fourth quarter. Oak Ridge Investments LLC now owns 8,658 shares of the company’s stock valued at $655,000 after purchasing an additional 1,008 shares in the last quarter. Aaron Wealth Advisors LLC boosted its position in shares of Palantir Technologies by 14.0% in the fourth quarter. Aaron Wealth Advisors LLC now owns 9,557 shares of the company’s stock worth $723,000 after purchasing an additional 1,170 shares during the period. Finally, Whitaker Myers Wealth Managers LTD. purchased a new stake in shares of Palantir Technologies in the fourth quarter worth $264,000. Institutional investors own 45.65% of the company’s stock.

Insiders Place Their Bets

In related news, insider Alexander C. Karp sold 3,337,048 shares of the stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $45.02, for a total value of $150,233,900.96. Following the sale, the insider now directly owns 6,432,258 shares of the company’s stock, valued at $289,580,255.16. This represents a 34.16 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Ryan D. Taylor sold 123,334 shares of the business’s stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $45.00, for a total value of $5,550,030.00. Following the transaction, the insider now owns 331,369 shares of the company’s stock, valued at $14,911,605. This trade represents a 27.12 % 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 three months. 12.93% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research firms recently weighed in on PLTR. Wedbush lifted their target price on shares of Palantir Technologies from $57.00 to $75.00 and gave the company an “outperform” rating in a research note on Monday, November 25th. Baird R W upgraded Palantir Technologies to a “hold” rating in a research report on Thursday, December 12th. UBS Group assumed coverage on Palantir Technologies in a research report on Thursday, December 19th. They set a “neutral” rating and a $80.00 target price for the company. Raymond James cut Palantir Technologies from an “outperform” rating to a “market perform” rating in a report on Monday, September 23rd. Finally, Morgan Stanley reaffirmed an “underweight” rating and set a $60.00 price objective on shares of Palantir Technologies in a report on Monday, January 6th. Seven investment analysts have rated the stock with a sell rating, twelve have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Palantir Technologies presently has a consensus rating of “Hold” and a consensus price target of $43.78.

Palantir Technologies Trading Up 3.7 %

Shares of NASDAQ:PLTR opened at $71.77 on Friday. The company has a market cap of $163.49 billion, a price-to-earnings ratio of 358.87, a PEG ratio of 6.24 and a beta of 2.82. Palantir Technologies Inc. has a 12 month low of $16.03 and a 12 month high of $84.80. The company has a 50-day moving average price of $70.49 and a 200 day moving average price of $47.17.

Palantir Technologies (NASDAQ:PLTR) last posted its quarterly earnings data on Monday, November 4th. The company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.01. The business had revenue of $725.52 million during the quarter, compared to analyst estimates of $705.11 million. Palantir Technologies had a return on equity of 9.94% and a net margin of 18.01%. The company’s revenue for the quarter was up 30.0% on a year-over-year basis. During the same period last year, the company earned $0.03 EPS. As a group, equities analysts forecast that Palantir Technologies Inc. will post 0.2 EPS for the current year.

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.