Choreo LLC Buys 5,863 Shares of Palantir Technologies Inc. (NASDAQ:PLTR)

Choreo LLC raised its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 12.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 54,606 shares of the company’s stock after acquiring an additional 5,863 shares during the quarter. Choreo LLC’s holdings in Palantir Technologies were worth $4,193,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Tritonpoint Wealth LLC boosted its position in Palantir Technologies by 1.9% in the fourth quarter. Tritonpoint Wealth LLC now owns 7,100 shares of the company’s stock valued at $537,000 after buying an additional 132 shares in the last quarter. Kennebec Savings Bank raised its stake in shares of Palantir Technologies by 29.5% in the fourth quarter. Kennebec Savings Bank now owns 698 shares of the company’s stock valued at $53,000 after acquiring an additional 159 shares during the last quarter. RMR Wealth Builders boosted its holdings in shares of Palantir Technologies by 2.4% in the 4th quarter. RMR Wealth Builders now owns 7,201 shares of the company’s stock worth $545,000 after acquiring an additional 167 shares in the last quarter. Bay Rivers Group grew its position in Palantir Technologies by 2.7% during the 4th quarter. Bay Rivers Group now owns 6,406 shares of the company’s stock worth $484,000 after acquiring an additional 171 shares during the last quarter. Finally, Christensen King & Associates Investment Services Inc. increased its holdings in Palantir Technologies by 3.0% during 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 in the last quarter. Institutional investors and hedge funds own 45.65% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Royal Bank of Canada raised their target price on Palantir Technologies from $11.00 to $40.00 and gave the company an “underperform” rating in a research note on Tuesday. Wedbush raised their price objective on shares of Palantir Technologies from $75.00 to $90.00 and gave the company an “outperform” rating in a research report on Thursday, January 23rd. The Goldman Sachs Group boosted their target price on shares of Palantir Technologies from $16.00 to $41.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Jefferies Financial Group increased their price target on shares of Palantir Technologies from $28.00 to $60.00 and gave the company an “underperform” rating in a research note on Tuesday. Finally, Argus downgraded Palantir Technologies from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. Six equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $69.44.

Insiders Place Their Bets

In other news, insider Alexander C. Karp sold 38,093 shares of the company’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $63.01, for a total transaction of $2,400,239.93. Following the completion of the transaction, the insider now directly owns 6,432,258 shares of the company’s stock, valued at $405,296,576.58. This represents a 0.59 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Lauren Elaina Friedman Stat sold 8,860 shares of Palantir Technologies stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $58.06, for a total value of $514,411.60. Following the completion of the sale, the director now directly owns 121,390 shares in the company, valued at approximately $7,047,903.40. This represents a 6.80 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 15,653,753 shares of company stock worth $1,039,407,675. Company insiders own 12.93% of the company’s stock.

Palantir Technologies Trading Down 2.4 %

Shares of Palantir Technologies stock opened at $101.36 on Thursday. The stock’s fifty day simple moving average is $74.85 and its 200 day simple moving average is $51.92. The company has a market capitalization of $230.90 billion, a PE ratio of 506.83, a PEG ratio of 7.54 and a beta of 2.81. Palantir Technologies Inc. has a 12 month low of $19.76 and a 12 month high of $106.91.

Palantir Technologies (NASDAQ:PLTR) last released its quarterly earnings results on Monday, November 4th. The company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.01. Palantir Technologies had a return on equity of 9.94% and a net margin of 18.01%. The company had revenue of $725.52 million for the quarter, compared to analyst estimates of $705.11 million. During the same quarter last year, the firm posted $0.03 earnings per share. Palantir Technologies’s revenue was up 30.0% compared to the same quarter last year. Analysts predict that Palantir Technologies Inc. will post 0.19 EPS for the current fiscal year.

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.