Linden Thomas Advisory Services LLC Increases Stake in Palantir Technologies Inc. (NASDAQ:PLTR)

Linden Thomas Advisory Services LLC grew its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 7.6% in the 4th quarter, Holdings Channel reports. The institutional investor owned 61,397 shares of the company’s stock after buying an additional 4,327 shares during the quarter. Palantir Technologies accounts for about 0.6% of Linden Thomas Advisory Services LLC’s investment portfolio, making the stock its 21st biggest holding. Linden Thomas Advisory Services LLC’s holdings in Palantir Technologies were worth $4,643,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. RMR Wealth Builders boosted its position in shares of Palantir Technologies by 2.4% in the fourth quarter. RMR Wealth Builders now owns 7,201 shares of the company’s stock worth $545,000 after acquiring an additional 167 shares during the last quarter. Christensen King & Associates Investment Services Inc. boosted its holdings in shares of Palantir Technologies by 3.0% in the 4th quarter. Christensen King & Associates Investment Services Inc. now owns 5,897 shares of the company’s stock valued at $486,000 after purchasing an additional 174 shares during the last quarter. Geneos Wealth Management Inc. grew its stake in shares of Palantir Technologies by 1.4% during the 4th quarter. Geneos Wealth Management Inc. now owns 14,406 shares of the company’s stock valued at $1,090,000 after buying an additional 196 shares during the period. ST Germain D J Co. Inc. increased its holdings in shares of Palantir Technologies by 4.4% during the 4th quarter. ST Germain D J Co. Inc. now owns 4,780 shares of the company’s stock worth $362,000 after buying an additional 200 shares during the last quarter. Finally, Walter & Keenan Wealth Management LLC IN ADV raised its position in shares of Palantir Technologies by 1.2% in the 3rd quarter. Walter & Keenan Wealth Management LLC IN ADV now owns 19,587 shares of the company’s stock worth $729,000 after buying an additional 235 shares during the period. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Palantir Technologies

In other news, Director Alexandra W. Schiff sold 4,000 shares of Palantir Technologies stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $71.63, for a total value 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 approximately $13,996,000.59. The trade was a 2.01 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Lauren Elaina Friedman Stat sold 800 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $76.29, for a total value of $61,032.00. Following the transaction, the director now directly owns 62,139 shares of the company’s stock, valued at $4,740,584.31. This trade represents a 1.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 23,518,855 shares of company stock valued at $1,438,682,423. Insiders own 12.93% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on PLTR. Jefferies Financial Group downgraded Palantir Technologies from a “hold” rating to an “underperform” rating and set a $28.00 price target for the company. in a research report on Thursday, November 7th. William Blair reissued an “underperform” rating on shares of Palantir Technologies in a research report on Wednesday, December 18th. Baird R W raised shares of Palantir Technologies to a “hold” rating in a research report on Thursday, December 12th. Mizuho increased their price objective on shares of Palantir Technologies from $37.00 to $44.00 and gave the stock an “underperform” rating in a research report on Friday, December 13th. Finally, UBS Group initiated coverage on shares of Palantir Technologies in a report on Thursday, December 19th. They set a “neutral” rating and a $80.00 target price on the stock. Seven research analysts have rated the stock with a sell rating, twelve have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $44.61.

Palantir Technologies Stock Performance

Shares of PLTR opened at $78.98 on Friday. Palantir Technologies Inc. has a one year low of $16.03 and a one year high of $84.80. The stock has a 50-day moving average price of $71.96 and a 200 day moving average price of $48.89. The company has a market capitalization of $179.92 billion, a P/E ratio of 394.92, a P/E/G ratio of 7.08 and a beta of 2.82.

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