Valley National Advisers Inc. Has $38,000 Holdings in Palantir Technologies Inc. (NASDAQ:PLTR)

Valley National Advisers Inc. lifted its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 181.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 512 shares of the company’s stock after acquiring an additional 330 shares during the quarter. Valley National Advisers Inc.’s holdings in Palantir Technologies were worth $38,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. McAdam LLC raised its position in shares of Palantir Technologies by 13.7% during the 4th quarter. McAdam LLC now owns 6,815 shares of the company’s stock valued at $515,000 after acquiring an additional 821 shares during the last quarter. WFA Asset Management Corp bought a new position in Palantir Technologies during the 4th quarter worth about $59,000. Greenleaf Trust increased its holdings in Palantir Technologies by 20.6% during the 4th quarter. Greenleaf Trust now owns 79,539 shares of the company’s stock worth $6,016,000 after purchasing an additional 13,567 shares in the last quarter. Nadler Financial Group Inc. bought a new position in Palantir Technologies during the 4th quarter worth about $260,000. Finally, Golden State Equity Partners boosted its stake in shares of Palantir Technologies by 1,455.6% during the 4th quarter. Golden State Equity Partners now owns 20,752 shares of the company’s stock worth $1,569,000 after buying an additional 19,418 shares during the last quarter. Institutional investors and hedge funds own 45.65% of the company’s stock.

Insider Activity at Palantir Technologies

In other news, insider Alexander C. Karp sold 4,500,000 shares of the business’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $55.03, for a total transaction of $247,635,000.00. Following the completion of the sale, the insider now directly owns 6,432,258 shares of the company’s stock, valued at $353,967,157.74. The trade was a 41.16 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Lauren Elaina Friedman Stat sold 10,721 shares of the company’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $76.78, for a total transaction of $823,158.38. Following the completion of the sale, the director now directly owns 100,923 shares of the company’s stock, valued at $7,748,867.94. The trade was a 9.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 20,153,753 shares of company stock worth $1,287,042,675 over the last quarter. Company insiders own 12.93% of the company’s stock.

Palantir Technologies Stock Performance

Shares of NASDAQ:PLTR opened at $83.74 on Tuesday. The firm has a market cap of $190.76 billion, a PE ratio of 418.72, a price-to-earnings-growth ratio of 7.54 and a beta of 2.82. Palantir Technologies Inc. has a 52 week low of $16.48 and a 52 week high of $85.22. The firm’s fifty day moving average is $73.71 and its 200-day moving average is $51.00.

Palantir Technologies (NASDAQ:PLTR) last released its earnings results 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 for the quarter, compared to analyst estimates 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 for the quarter was up 30.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.03 earnings per share. Sell-side analysts forecast that Palantir Technologies Inc. will post 0.19 EPS for the current year.

Analyst Upgrades and Downgrades

PLTR has been the subject of a number of recent research reports. 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 note on Friday, December 13th. 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 price objective for the company. Bank of America raised their price objective on shares of Palantir Technologies from $55.00 to $75.00 and gave the stock a “buy” rating in a research report on Monday, November 25th. William Blair reaffirmed an “underperform” rating on shares of Palantir Technologies in a report on Wednesday, December 18th. Finally, Argus cut shares of Palantir Technologies from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. Seven equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, Palantir Technologies presently has a consensus rating of “Hold” and a consensus price target of $44.61.

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.