Tsfg LLC Has $209,000 Stock Holdings in Palantir Technologies Inc. (NASDAQ:PLTR)

Tsfg LLC lifted its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 75.7% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 2,763 shares of the company’s stock after purchasing an additional 1,190 shares during the period. Tsfg LLC’s holdings in Palantir Technologies were worth $209,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Pallas Capital Advisors LLC boosted its holdings in Palantir Technologies by 50.5% during the fourth quarter. Pallas Capital Advisors LLC now owns 8,040 shares of the company’s stock valued at $608,000 after acquiring an additional 2,698 shares during the period. Northstar Advisory Group LLC acquired a new position in shares of Palantir Technologies during the 4th quarter worth about $317,000. Burns J W & Co. Inc. NY boosted its stake in Palantir Technologies by 103.7% during the 4th quarter. Burns J W & Co. Inc. NY now owns 13,875 shares of the company’s stock valued at $1,049,000 after purchasing an additional 7,063 shares during the period. Abound Wealth Management increased its position in Palantir Technologies by 492.5% in the 4th quarter. Abound Wealth Management now owns 1,256 shares of the company’s stock worth $95,000 after buying an additional 1,044 shares during the period. Finally, Cooper Financial Group acquired a new position in shares of Palantir Technologies during the fourth quarter worth approximately $206,000. 45.65% of the stock is owned by institutional investors.

Palantir Technologies Stock Down 3.4 %

Shares of PLTR stock opened at $64.98 on Tuesday. The company has a market capitalization of $148.03 billion, a P/E ratio of 324.92, a P/E/G ratio of 10.18 and a beta of 2.82. Palantir Technologies Inc. has a 12-month low of $16.03 and a 12-month high of $84.80. The firm has a 50-day moving average price of $69.40 and a 200 day moving average price of $46.26.

Palantir Technologies (NASDAQ:PLTR) last posted its earnings results on Monday, November 4th. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01. The company had revenue of $725.52 million during the quarter, compared to analysts’ expectations of $705.11 million. Palantir Technologies had a net margin of 18.01% and a return on equity of 9.94%. Palantir Technologies’s quarterly revenue was up 30.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.03 earnings per share. As a group, research analysts expect that Palantir Technologies Inc. will post 0.21 earnings per share for the current year.

Wall Street Analyst Weigh In

PLTR has been the topic of several research analyst reports. William Blair restated an “underperform” rating on shares of Palantir Technologies in a research note on Wednesday, December 18th. Northland Securities raised their price target on shares of Palantir Technologies from $35.00 to $38.00 and gave the stock a “market perform” rating in a research report on Tuesday, November 5th. UBS Group began coverage on shares of Palantir Technologies in a research note on Thursday, December 19th. They issued a “neutral” rating and a $80.00 target price for the company. Robert W. Baird started coverage on Palantir Technologies in a research note on Thursday, December 12th. They set a “neutral” rating and a $70.00 price target on the stock. Finally, DA Davidson raised their price objective on Palantir Technologies from $28.00 to $47.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. Seven research analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, Palantir Technologies presently has an average rating of “Hold” and an average target price of $42.12.

Insiders Place Their Bets

In other Palantir Technologies news, Director Lauren Elaina Friedman Stat sold 10,721 shares of the company’s stock in a transaction on Friday, December 6th. The stock was sold at an average price of $76.78, for a total transaction of $823,158.38. Following the transaction, the director now owns 100,923 shares of the company’s stock, valued at approximately $7,748,867.94. This represents a 9.60 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Alexander C. Karp sold 3,337,048 shares of Palantir Technologies stock in a transaction 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 directly owns 6,432,258 shares of the company’s stock, valued at $289,580,255.16. This trade represents a 34.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 23,642,189 shares of company stock valued at $1,444,232,453. 12.93% of the stock is currently owned by corporate insiders.

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.