Palantir Technologies Inc. (NYSE:PLTR) Shares Acquired by Bay Colony Advisory Group Inc d b a Bay Colony Advisors

Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its stake in shares of Palantir Technologies Inc. (NYSE:PLTR) by 17.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 16,750 shares of the company’s stock after acquiring an additional 2,440 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors’ holdings in Palantir Technologies were worth $288,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in shares of Palantir Technologies by 11.1% during the third quarter. Vanguard Group Inc. now owns 187,338,667 shares of the company’s stock valued at $2,997,419,000 after acquiring an additional 18,756,392 shares during the last quarter. BlackRock Inc. boosted its stake in Palantir Technologies by 2.0% in the 1st quarter. BlackRock Inc. now owns 98,631,611 shares of the company’s stock worth $833,437,000 after buying an additional 1,937,114 shares during the last quarter. State Street Corp boosted its stake in Palantir Technologies by 3.0% in the 1st quarter. State Street Corp now owns 35,503,622 shares of the company’s stock worth $300,003,000 after buying an additional 1,047,522 shares during the last quarter. Geode Capital Management LLC boosted its stake in Palantir Technologies by 3.3% in the 1st quarter. Geode Capital Management LLC now owns 23,712,480 shares of the company’s stock worth $200,086,000 after buying an additional 747,652 shares during the last quarter. Finally, Morgan Stanley boosted its stake in Palantir Technologies by 26.1% in the 3rd quarter. Morgan Stanley now owns 22,614,555 shares of the company’s stock worth $361,833,000 after buying an additional 4,675,824 shares during the last quarter. Institutional investors and hedge funds own 45.65% of the company’s stock.

Palantir Technologies Stock Performance

Shares of NYSE:PLTR opened at $21.92 on Tuesday. The company has a market cap of $48.49 billion, a P/E ratio of 243.53, a PEG ratio of 5.56 and a beta of 2.78. Palantir Technologies Inc. has a one year low of $7.28 and a one year high of $27.50. The business’s 50-day simple moving average is $23.96 and its 200 day simple moving average is $19.76.

Palantir Technologies (NYSE:PLTR) last announced its earnings results on Monday, February 5th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.01). The company had revenue of $608.35 million for the quarter, compared to analysts’ expectations of $603.48 million. Palantir Technologies had a net margin of 9.43% and a return on equity of 6.17%. Analysts predict that Palantir Technologies Inc. will post 0.16 earnings per share for the current year.

Insider Activity at Palantir Technologies

In other Palantir Technologies news, insider Ryan D. Taylor sold 120,000 shares of Palantir Technologies stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $22.00, for a total transaction of $2,640,000.00. Following the sale, the insider now directly owns 181,460 shares in the company, valued at approximately $3,992,120. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Palantir Technologies news, insider Ryan D. Taylor sold 120,000 shares of Palantir Technologies stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $22.00, for a total transaction of $2,640,000.00. Following the sale, the insider now directly owns 181,460 shares in the company, valued at approximately $3,992,120. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Ryan D. Taylor sold 150,000 shares of Palantir Technologies stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $24.00, for a total value of $3,600,000.00. Following the sale, the insider now owns 181,460 shares in the company, valued at $4,355,040. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 7,456,273 shares of company stock worth $184,343,202. 13.96% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

PLTR has been the topic of a number of research analyst reports. Wedbush reissued an “outperform” rating and issued a $35.00 price target (up from $30.00) on shares of Palantir Technologies in a research note on Friday, March 8th. HSBC lowered Palantir Technologies from a “buy” rating to a “hold” rating and set a $22.00 price target on the stock. in a research note on Wednesday, February 14th. Mizuho raised their price target on Palantir Technologies from $18.00 to $21.00 and gave the stock a “neutral” rating in a research note on Thursday, March 7th. Jefferies Financial Group upgraded Palantir Technologies from an “underperform” rating to a “hold” rating and raised their price objective for the stock from $13.00 to $22.00 in a report on Tuesday, February 6th. Finally, Bank of America raised their price objective on Palantir Technologies from $24.00 to $28.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. Four equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $18.35.

Palantir Technologies Profile

Palantir Technologies Inc builds and deploys software platforms for the intelligence community to assist in counterterrorism investigations and operations in the United States, the United Kingdom, and internationally. The company provides Palantir Gotham, a software platform which enables users to identify patterns hidden deep within datasets, ranging from signals intelligence sources to reports from confidential informants, as well as facilitates the handoff between analysts and operational users, helping operators plan and execute real-world responses to threats that have been identified within the platform.