GSG Advisors LLC Takes Position in Palantir Technologies Inc. (NASDAQ:PLTR)

GSG Advisors LLC bought a new position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 3,807 shares of the company’s stock, valued at approximately $288,000.

Several other large investors also recently bought and sold shares of the stock. BOKF NA raised its holdings in shares of Palantir Technologies by 2.3% in the 2nd quarter. BOKF NA now owns 30,739 shares of the company’s stock valued at $779,000 after purchasing an additional 700 shares in the last quarter. DekaBank Deutsche Girozentrale raised its stake in Palantir Technologies by 107.4% in the second quarter. DekaBank Deutsche Girozentrale now owns 478,345 shares of the company’s stock valued at $12,164,000 after buying an additional 247,681 shares in the last quarter. Federated Hermes Inc. lifted its holdings in Palantir Technologies by 0.3% during the 2nd quarter. Federated Hermes Inc. now owns 431,667 shares of the company’s stock worth $10,934,000 after buying an additional 1,321 shares during the last quarter. Thoroughbred Financial Services LLC acquired a new position in shares of Palantir Technologies during the 2nd quarter worth about $290,000. Finally, J.W. Cole Advisors Inc. increased its holdings in shares of Palantir Technologies by 73.9% in the 2nd quarter. J.W. Cole Advisors Inc. now owns 57,037 shares of the company’s stock valued at $1,445,000 after acquiring an additional 24,245 shares during the last quarter. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Palantir Technologies Price Performance

NASDAQ:PLTR opened at $64.98 on Tuesday. The firm has a market cap of $148.03 billion, a price-to-earnings ratio of 324.92, a price-to-earnings-growth ratio of 10.18 and a beta of 2.82. Palantir Technologies Inc. has a 1-year low of $16.03 and a 1-year high of $84.80. The firm’s fifty day moving average price is $69.40 and its 200 day moving average price is $46.26.

Palantir Technologies (NASDAQ:PLTR) last issued its quarterly 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 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%. The business’s revenue was up 30.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.03 earnings per share. As a group, analysts expect that Palantir Technologies Inc. will post 0.21 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Mizuho boosted their target price on Palantir Technologies from $37.00 to $44.00 and gave the stock an “underperform” rating in a research note on Friday, December 13th. Wedbush upped their target price on shares of Palantir Technologies from $57.00 to $75.00 and gave the company an “outperform” rating in a report on Monday, November 25th. UBS Group assumed coverage on shares of Palantir Technologies in a research report on Thursday, December 19th. They issued a “neutral” rating and a $80.00 target price on the stock. Bank of America boosted their price target on shares of Palantir Technologies from $55.00 to $75.00 and gave the company a “buy” rating in a research report on Monday, November 25th. Finally, Robert W. Baird began coverage on Palantir Technologies in a report on Thursday, December 12th. They set a “neutral” rating and a $70.00 price objective on the stock. Seven investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Palantir Technologies has a consensus rating of “Hold” and an average target price of $42.12.

Insider Transactions at Palantir Technologies

In other news, insider Stephen Andrew Cohen sold 450,000 shares of the business’s stock in a transaction that occurred on 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. The trade was a 99.87 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Ryan D. Taylor sold 123,334 shares of the firm’s stock in a transaction that occurred on 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 transaction, the insider now directly owns 331,369 shares of the company’s stock, valued at $14,911,605. The trade was a 27.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 23,642,189 shares of company stock valued at $1,444,232,453. Corporate insiders own 12.93% of the company’s stock.

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.