Fiduciary Financial Group LLC Purchases New Shares in Palantir Technologies Inc. (NASDAQ:PLTR)

Fiduciary Financial Group LLC purchased a new stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) during the 4th quarter, HoldingsChannel reports. The firm purchased 3,234 shares of the company’s stock, valued at approximately $245,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Mayfair Advisory Group LLC grew its position in Palantir Technologies by 50.6% during the fourth quarter. Mayfair Advisory Group LLC now owns 11,548 shares of the company’s stock valued at $873,000 after buying an additional 3,879 shares during the period. Ignite Planners LLC lifted its holdings in Palantir Technologies by 66.2% during the fourth quarter. Ignite Planners LLC now owns 13,417 shares of the company’s stock valued at $1,072,000 after purchasing an additional 5,345 shares in the last quarter. GSG Advisors LLC purchased a new position in Palantir Technologies during the fourth quarter valued at $288,000. MRA Advisory Group purchased a new position in Palantir Technologies during the fourth quarter valued at $764,000. Finally, PCA Investment Advisory Services Inc. purchased a new position in Palantir Technologies during the fourth quarter valued at $391,000. Institutional investors and hedge funds own 45.65% of the company’s stock.

Insider Buying and Selling

In other news, insider Ryan D. Taylor sold 123,334 shares of the business’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 transaction of $5,550,030.00. Following the completion of the sale, the insider now owns 331,369 shares in the company, valued at approximately $14,911,605. The trade was a 27.12 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Alexandra W. Schiff sold 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $71.63, for a total transaction of $286,520.00. Following the sale, the director now owns 195,393 shares of the company’s stock, valued at $13,996,000.59. This represents a 2.01 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 23,642,189 shares of company stock worth $1,444,232,453 over the last 90 days. 12.93% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research firms have issued reports on PLTR. Argus downgraded shares of Palantir Technologies from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. Robert W. Baird started coverage on shares of Palantir Technologies in a research note on Thursday, December 12th. They issued a “neutral” rating and a $70.00 price target on the stock. Mizuho raised their price target 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. DA Davidson raised their price target on shares of Palantir Technologies from $28.00 to $47.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 5th. Finally, Jefferies Financial Group downgraded shares of Palantir Technologies from a “hold” rating to an “underperform” rating and set a $28.00 target price on the stock. in a research note on Thursday, November 7th. Seven investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $42.12.

Palantir Technologies Stock Performance

Shares of PLTR stock opened at $68.14 on Thursday. The stock has a market capitalization of $155.22 billion, a P/E ratio of 340.72, a price-to-earnings-growth ratio of 10.18 and a beta of 2.82. The company has a 50 day moving average price of $69.70 and a 200 day moving average price of $46.54. Palantir Technologies Inc. has a fifty-two week low of $16.03 and a fifty-two week high of $84.80.

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. Palantir Technologies had a net margin of 18.01% and a return on equity of 9.94%. The company had revenue of $725.52 million during the quarter, compared to the consensus estimate of $705.11 million. During the same quarter in the previous year, the firm earned $0.03 earnings per share. The firm’s quarterly revenue was up 30.0% on a year-over-year basis. On average, research analysts forecast that Palantir Technologies Inc. will post 0.21 EPS for the current fiscal year.

Palantir Technologies Company 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.