JB Capital LLC Invests $240,000 in Palantir Technologies Inc. (NASDAQ:PLTR)

JB Capital LLC bought a new stake in Palantir Technologies Inc. (NASDAQ:PLTR) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,172 shares of the company’s stock, valued at approximately $240,000.

A number of other institutional investors have also bought and sold shares of the company. Chicago Capital LLC boosted its position in shares of Palantir Technologies by 1.4% during the 4th quarter. Chicago Capital LLC now owns 145,155 shares of the company’s stock valued at $10,978,000 after purchasing an additional 1,953 shares in the last quarter. FSM Wealth Advisors LLC bought a new stake in shares of Palantir Technologies in the 4th quarter valued at $263,000. HHM Wealth Advisors LLC boosted its stake in Palantir Technologies by 10.5% during the fourth quarter. HHM Wealth Advisors LLC now owns 5,163 shares of the company’s stock worth $390,000 after acquiring an additional 492 shares in the last quarter. Burford Brothers Inc. acquired a new position in shares of Palantir Technologies during the fourth quarter valued at about $351,000. Finally, Stock Yards Bank & Trust Co. bought a new position in shares of Palantir Technologies during the 4th quarter worth about $289,000. Institutional investors own 45.65% of the company’s stock.

Insider Activity

In related news, insider Stephen Andrew Cohen sold 450,000 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $70.95, for a total transaction of $31,927,500.00. Following the sale, the insider now owns 592 shares of the company’s stock, valued at $42,002.40. This trade represents a 99.87 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Lauren Elaina Friedman Stat sold 800 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $76.29, for a total transaction of $61,032.00. Following the sale, the director now directly owns 62,139 shares of the company’s stock, valued at $4,740,584.31. The trade was a 1.27 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 20,153,753 shares of company stock valued at $1,287,042,675. Corporate insiders own 12.93% of the company’s stock.

Palantir Technologies Trading Up 1.5 %

Shares of PLTR stock opened at $83.74 on Tuesday. The stock has a market capitalization of $190.76 billion, a price-to-earnings ratio of 418.72, a price-to-earnings-growth ratio of 7.54 and a beta of 2.82. Palantir Technologies Inc. has a 12-month low of $16.48 and a 12-month high of $85.22. The stock’s 50-day moving average price is $73.71 and its 200-day moving average price is $51.00.

Palantir Technologies (NASDAQ:PLTR) last released its quarterly earnings results on Monday, November 4th. The company reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.01. The company had revenue of $725.52 million for 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%. Palantir Technologies’s quarterly revenue was up 30.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.03 EPS. As a group, research analysts predict that Palantir Technologies Inc. will post 0.19 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have commented on the stock. Baird R W upgraded shares of Palantir Technologies to a “hold” rating in a research note on Thursday, December 12th. William Blair reiterated an “underperform” rating on shares of Palantir Technologies in a research note on Wednesday, December 18th. Jefferies Financial Group downgraded Palantir Technologies from a “hold” rating to an “underperform” rating and set a $28.00 price objective for the company. in a research note on Thursday, November 7th. UBS Group started coverage on shares of Palantir Technologies in a research report on Thursday, December 19th. They set a “neutral” rating and a $80.00 target price for the company. Finally, Wedbush lifted their price objective on Palantir Technologies from $75.00 to $90.00 and gave the stock an “outperform” rating in a report on Thursday, January 23rd. Seven investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $44.61.

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.