ST Germain D J Co. Inc. Has $362,000 Stock Position in Palantir Technologies Inc. (NASDAQ:PLTR)

ST Germain D J Co. Inc. lifted its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 4.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 4,780 shares of the company’s stock after buying an additional 200 shares during the period. ST Germain D J Co. Inc.’s holdings in Palantir Technologies were worth $362,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of PLTR. Natixis Advisors LLC acquired a new position in shares of Palantir Technologies during the 2nd quarter worth $274,000. Victory Capital Management Inc. boosted its holdings in shares of Palantir Technologies by 18.4% during the 2nd quarter. Victory Capital Management Inc. now owns 660,076 shares of the company’s stock worth $16,720,000 after buying an additional 102,758 shares during the period. Choreo LLC boosted its holdings in shares of Palantir Technologies by 318.2% during the 2nd quarter. Choreo LLC now owns 37,635 shares of the company’s stock worth $973,000 after buying an additional 28,635 shares during the period. LPL Financial LLC boosted its holdings in shares of Palantir Technologies by 16.6% during the 2nd quarter. LPL Financial LLC now owns 2,524,730 shares of the company’s stock worth $63,951,000 after buying an additional 360,008 shares during the period. Finally, Qsemble Capital Management LP boosted its holdings in shares of Palantir Technologies by 105.5% during the 2nd quarter. Qsemble Capital Management LP now owns 52,968 shares of the company’s stock worth $1,342,000 after buying an additional 27,189 shares during the period. Institutional investors and hedge funds own 45.65% of the company’s stock.

Palantir Technologies Stock Performance

NASDAQ:PLTR opened at $67.26 on Friday. The company has a market capitalization of $153.22 billion, a price-to-earnings ratio of 336.32, a PEG ratio of 10.18 and a beta of 2.82. The company has a 50-day moving average of $68.93 and a 200-day moving average of $45.68. Palantir Technologies Inc. has a 52 week low of $16.03 and a 52 week high of $84.80.

Palantir Technologies (NASDAQ:PLTR) last announced its 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 business had revenue of $725.52 million during 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%. The firm’s revenue for the quarter was up 30.0% on a year-over-year basis. During the same quarter last year, the company posted $0.03 EPS. Sell-side analysts forecast that Palantir Technologies Inc. will post 0.21 EPS for the current year.

Analyst Ratings Changes

PLTR has been the subject of several recent analyst reports. The Goldman Sachs Group upped their price objective on shares of Palantir Technologies from $16.00 to $41.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Wedbush upped their price objective on shares of Palantir Technologies from $57.00 to $75.00 and gave the stock an “outperform” rating in a report on Monday, November 25th. Robert W. Baird assumed coverage on shares of Palantir Technologies in a report on Thursday, December 12th. They issued a “neutral” rating and a $70.00 price target for the company. Jefferies Financial Group downgraded shares of Palantir Technologies from a “hold” rating to an “underperform” rating and set a $28.00 price target for the company. in a report on Thursday, November 7th. Finally, UBS Group assumed coverage on shares of Palantir Technologies in a report on Thursday, December 19th. They issued a “neutral” rating and a $80.00 price target for the company. Seven investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $42.12.

Insider Buying and Selling

In other Palantir Technologies news, insider Ryan D. Taylor sold 123,334 shares of the firm’s stock in a transaction dated 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 completion of the sale, the insider now owns 331,369 shares in the company, valued at approximately $14,911,605. This trade represents a 27.12 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Stephen Andrew Cohen sold 450,000 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $70.95, for a total transaction of $31,927,500.00. Following the completion of the sale, the insider now owns 592 shares of the company’s stock, valued at $42,002.40. The trade was a 99.87 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 23,642,189 shares of company stock worth $1,444,232,453 in the last quarter. 12.93% of the stock is owned by corporate insiders.

About Palantir Technologies

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.