Wolff Wiese Magana LLC Raises Stock Position in Palantir Technologies Inc. (NASDAQ:PLTR)

by · The Markets Daily

Wolff Wiese Magana LLC boosted its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR – Free Report) by 230.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 380 shares of the company’s stock after acquiring an additional 265 shares during the period. Wolff Wiese Magana LLC’s holdings in Palantir Technologies were worth $29,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of PLTR. Brendel Financial Advisors LLC raised its position in shares of Palantir Technologies by 3.8% in the 4th quarter. Brendel Financial Advisors LLC now owns 10,268 shares of the company’s stock valued at $777,000 after purchasing an additional 373 shares during the last quarter. Park Avenue Securities LLC increased its stake in Palantir Technologies by 31.2% during the 4th quarter. Park Avenue Securities LLC now owns 168,232 shares of the company’s stock valued at $12,723,000 after purchasing an additional 40,011 shares in the last quarter. Kathmere Capital Management LLC raised its holdings in shares of Palantir Technologies by 150.8% in the fourth quarter. Kathmere Capital Management LLC now owns 18,046 shares of the company’s stock worth $1,365,000 after buying an additional 10,851 shares during the last quarter. Assenagon Asset Management S.A. lifted its stake in shares of Palantir Technologies by 16.6% during the fourth quarter. Assenagon Asset Management S.A. now owns 43,172 shares of the company’s stock worth $3,265,000 after buying an additional 6,160 shares during the period. Finally, Board of the Pension Protection Fund purchased a new stake in shares of Palantir Technologies during the fourth quarter valued at $923,000. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have commented on PLTR shares. Morgan Stanley reaffirmed an “underweight” rating and set a $60.00 price target on shares of Palantir Technologies in a research report on Monday, January 6th. Bank of America upped their target price on Palantir Technologies from $55.00 to $75.00 and gave the company a “buy” rating in a research report on Monday, November 25th. Baird R W raised shares of Palantir Technologies to a “hold” rating in a research report on Thursday, December 12th. Mizuho upped their price objective on shares of Palantir Technologies from $37.00 to $44.00 and gave the company an “underperform” rating in a report on Friday, December 13th. Finally, Northland Securities raised their target price on shares of Palantir Technologies from $35.00 to $38.00 and gave the stock a “market perform” rating in a report on Tuesday, November 5th. Seven analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $42.12.

Read Our Latest Research Report on PLTR

Insider Buying and Selling at Palantir Technologies

In related news, insider Alexander C. Karp sold 3,337,048 shares of Palantir Technologies stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $45.02, for a total value of $150,233,900.96. Following the completion of the sale, the insider now owns 6,432,258 shares in the company, valued at approximately $289,580,255.16. This trade represents a 34.16 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Shyam Sankar sold 5,250,000 shares of the company’s stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $70.08, for a total value of $367,920,000.00. Following the transaction, the insider now owns 752,786 shares in the company, valued at $52,755,242.88. This trade represents a 87.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 23,642,189 shares of company stock worth $1,444,232,453 over the last three months. Insiders own 12.93% of the company’s stock.

Palantir Technologies Price Performance

Shares of NASDAQ PLTR opened at $68.10 on Wednesday. The company has a market capitalization of $155.13 billion, a P/E ratio of 340.52, a P/E/G ratio of 10.18 and a beta of 2.82. The company has a 50 day simple moving average of $69.70 and a 200-day simple moving average of $46.54. Palantir Technologies Inc. has a 1 year low of $16.03 and a 1 year high of $84.80.

Palantir Technologies (NASDAQ:PLTR – Get Free Report) last released its quarterly earnings results on Monday, November 4th. The company reported $0.10 earnings per share 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 business had revenue of $725.52 million during the quarter, compared to analysts’ expectations of $705.11 million. During the same period in the prior year, the business posted $0.03 EPS. The company’s revenue was up 30.0% compared to the same quarter last year. As a group, research analysts expect that Palantir Technologies Inc. will post 0.21 EPS for the current year.

Palantir Technologies Company Profile

(Free Report)

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.

Read More