Kennebec Savings Bank Has $53,000 Holdings in Palantir Technologies Inc. (NASDAQ:PLTR)

Kennebec Savings Bank lifted its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 29.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 698 shares of the company’s stock after buying an additional 159 shares during the quarter. Kennebec Savings Bank’s holdings in Palantir Technologies were worth $53,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. CMG Global Holdings LLC acquired a new stake in shares of Palantir Technologies during the fourth quarter worth $200,000. Sonora Investment Management Group LLC increased its position in shares of Palantir Technologies by 32.3% in the fourth quarter. Sonora Investment Management Group LLC now owns 7,543 shares of the company’s stock valued at $570,000 after acquiring an additional 1,842 shares during the last quarter. Cibc World Market Inc. raised its holdings in Palantir Technologies by 156.1% during the fourth quarter. Cibc World Market Inc. now owns 286,084 shares of the company’s stock worth $21,637,000 after acquiring an additional 174,390 shares in the last quarter. Mediolanum International Funds Ltd boosted its position in Palantir Technologies by 65.9% during the fourth quarter. Mediolanum International Funds Ltd now owns 330,706 shares of the company’s stock valued at $25,461,000 after purchasing an additional 131,352 shares during the last quarter. Finally, EMC Capital Management increased its position in shares of Palantir Technologies by 74.8% during the 4th quarter. EMC Capital Management now owns 11,325 shares of the company’s stock worth $857,000 after purchasing an additional 4,846 shares during the last quarter. 45.65% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Palantir Technologies news, insider Heather A. Planishek sold 20,000 shares of the stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $49.96, for a total transaction of $999,200.00. Following the transaction, the insider now directly owns 562,006 shares in the company, valued at approximately $28,077,819.76. This represents a 3.44 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Alexander C. Karp sold 4,500,000 shares of Palantir Technologies stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $55.03, for a total transaction of $247,635,000.00. Following the completion of the sale, the insider now owns 6,432,258 shares of the company’s stock, valued at $353,967,157.74. This represents a 41.16 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 20,181,807 shares of company stock valued at $1,288,448,522 over the last quarter. Insiders own 12.93% of the company’s stock.

Palantir Technologies Stock Up 1.8 %

Shares of Palantir Technologies stock opened at $81.22 on Friday. Palantir Technologies Inc. has a twelve month low of $16.03 and a twelve month high of $84.80. The stock has a market cap of $185.02 billion, a price-to-earnings ratio of 406.12, a P/E/G ratio of 7.29 and a beta of 2.82. The company’s fifty day moving average is $73.34 and its 200 day moving average is $50.31.

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

Analysts Set New Price Targets

A number of equities analysts recently weighed in on PLTR shares. DA Davidson boosted their target price on shares of Palantir Technologies from $28.00 to $47.00 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. Morgan Stanley reiterated an “underweight” rating and issued a $60.00 target price on shares of Palantir Technologies in a research note on Monday, January 6th. Wedbush boosted their price target on Palantir Technologies from $75.00 to $90.00 and gave the stock an “outperform” rating in a research report on Thursday, January 23rd. Mizuho raised their price objective on Palantir Technologies from $37.00 to $44.00 and gave the company an “underperform” rating in a research report on Friday, December 13th. Finally, Cantor Fitzgerald assumed coverage on Palantir Technologies in a report on Friday, January 17th. They set a “neutral” rating and a $72.00 target price on the stock. Seven analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $44.61.

Palantir Technologies 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.