Littlejohn Financial Services Inc. Invests $1.05 Million in Palantir Technologies Inc. $PLTR

Littlejohn Financial Services Inc. purchased a new stake in shares of Palantir Technologies Inc. (NASDAQ:PLTRFree Report) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 5,748 shares of the company’s stock, valued at approximately $1,049,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Revolve Wealth Partners LLC bought a new stake in Palantir Technologies in the fourth quarter worth approximately $450,000. Bison Wealth LLC boosted its holdings in Palantir Technologies by 37.4% in the fourth quarter. Bison Wealth LLC now owns 17,130 shares of the company’s stock worth $1,296,000 after purchasing an additional 4,667 shares in the last quarter. Capstone Wealth Management Group LLC increased its position in Palantir Technologies by 38.0% during the first quarter. Capstone Wealth Management Group LLC now owns 17,147 shares of the company’s stock worth $1,447,000 after buying an additional 4,722 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its position in Palantir Technologies by 63.6% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 12,607 shares of the company’s stock worth $1,719,000 after buying an additional 4,903 shares during the last quarter. Finally, Beacon Financial Group raised its holdings in Palantir Technologies by 37.7% during the second quarter. Beacon Financial Group now owns 4,626 shares of the company’s stock valued at $631,000 after buying an additional 1,266 shares in the last quarter. Institutional investors and hedge funds own 45.65% of the company’s stock.

Analyst Ratings Changes

PLTR has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft boosted their target price on Palantir Technologies from $160.00 to $200.00 and gave the stock a “hold” rating in a report on Tuesday, November 4th. Piper Sandler upped their target price on shares of Palantir Technologies from $201.00 to $225.00 and gave the company an “overweight” rating in a research note on Tuesday, November 4th. Royal Bank Of Canada increased their price target on shares of Palantir Technologies from $45.00 to $50.00 and gave the company an “underperform” rating in a report on Tuesday, November 4th. Zacks Research upgraded shares of Palantir Technologies from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 1st. Finally, Truist Financial assumed coverage on shares of Palantir Technologies in a research report on Tuesday, January 6th. They set a “buy” rating and a $223.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, fifteen have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $175.88.

View Our Latest Report on Palantir Technologies

Palantir Technologies News Summary

Here are the key news stories impacting Palantir Technologies this week:

Palantir Technologies Price Performance

Shares of Palantir Technologies stock opened at $178.40 on Thursday. Palantir Technologies Inc. has a 52-week low of $66.12 and a 52-week high of $207.52. The firm has a market capitalization of $425.20 billion, a PE ratio of 424.77, a price-to-earnings-growth ratio of 4.50 and a beta of 1.54. The company’s fifty day moving average price is $178.23 and its two-hundred day moving average price is $171.45.

Palantir Technologies (NASDAQ:PLTRGet Free Report) last issued its earnings results on Monday, November 3rd. The company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.04. The business had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.09 billion. Palantir Technologies had a net margin of 28.11% and a return on equity of 15.48%. The firm’s revenue was up 62.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.10 EPS. Analysts predict that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

Insider Activity at Palantir Technologies

In other news, insider Ryan D. Taylor sold 12,000 shares of the company’s stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $181.35, for a total value of $2,176,200.00. Following the sale, the insider directly owned 239,409 shares in the company, valued at approximately $43,416,822.15. This represents a 4.77% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider David A. Glazer sold 9,000 shares of the firm’s stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $185.91, for a total value of $1,673,190.00. Following the transaction, the insider owned 413,639 shares of the company’s stock, valued at $76,899,626.49. This trade represents a 2.13% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 1,023,444 shares of company stock valued at $167,394,629. Corporate insiders own 9.23% of the company’s stock.

Palantir Technologies Profile

(Free Report)

Palantir Technologies is a software company that develops data integration, analytics and operational decision-making platforms for government and commercial customers. Founded in 2003 by a team that included Alex Karp and Peter Thiel, Palantir has grown into a provider of enterprise-scale software designed to help organizations integrate disparate data sources, build analytic models and drive operational workflows. The company went public in 2020 and continues to position its products around large, complex data projects where security, provenance and real-time collaboration are important.

Palantir’s product portfolio centers on a small number of core platforms.

Further Reading

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Institutional Ownership by Quarter for Palantir Technologies (NASDAQ:PLTR)

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