PFG Investments LLC Has $444,000 Stock Position in Palantir Technologies Inc. (NYSE:PLTR)

PFG Investments LLC grew its position in shares of Palantir Technologies Inc. (NYSE:PLTR) by 5.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 25,870 shares of the company’s stock after acquiring an additional 1,425 shares during the quarter. PFG Investments LLC’s holdings in Palantir Technologies were worth $444,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of PLTR. Vanguard Group Inc. grew its stake in shares of Palantir Technologies by 22.4% in the first quarter. Vanguard Group Inc. now owns 156,003,743 shares of the company’s stock valued at $2,141,931,000 after buying an additional 28,563,749 shares in the last quarter. Scout Investments Inc. bought a new position in shares of Palantir Technologies in the second quarter valued at $199,052,000. Norges Bank bought a new position in shares of Palantir Technologies in the fourth quarter valued at $39,395,000. Jericho Capital Asset Management L.P. bought a new position in shares of Palantir Technologies in the second quarter valued at $76,650,000. Finally, Morgan Stanley grew its stake in shares of Palantir Technologies by 26.1% in the third quarter. Morgan Stanley now owns 22,614,555 shares of the company’s stock valued at $361,833,000 after buying an additional 4,675,824 shares in the last quarter. Institutional investors and hedge funds own 45.65% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on PLTR. Mizuho raised their target price on shares of Palantir Technologies from $18.00 to $21.00 and gave the company a “neutral” rating in a research note on Thursday, March 7th. Bank of America raised their target price on shares of Palantir Technologies from $24.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. Wedbush reaffirmed an “outperform” rating and set a $35.00 price objective (up from $30.00) on shares of Palantir Technologies in a research report on Friday, March 8th. Royal Bank of Canada reaffirmed an “underperform” rating and set a $5.00 price objective on shares of Palantir Technologies in a research report on Tuesday, February 6th. Finally, Raymond James lifted their price objective on shares of Palantir Technologies from $22.00 to $25.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 6th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $18.21.

Insider Transactions at Palantir Technologies

In related news, Director Lauren Elaina Friedman Stat sold 6,000 shares of the business’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $23.68, for a total value of $142,080.00. Following the completion of the transaction, the director now owns 175,830 shares of the company’s stock, valued at $4,163,654.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, Director Lauren Elaina Friedman Stat sold 6,000 shares of the business’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $23.68, for a total value of $142,080.00. Following the completion of the transaction, the director now owns 175,830 shares of the company’s stock, valued at $4,163,654.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Peter Thiel sold 7,044,756 shares of the business’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $24.79, for a total value of $174,639,501.24. Following the completion of the transaction, the director now directly owns 70,806,432 shares of the company’s stock, valued at approximately $1,755,291,449.28. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 7,455,273 shares of company stock valued at $184,293,942. 13.96% of the stock is currently owned by corporate insiders.

Palantir Technologies Stock Performance

PLTR opened at $24.50 on Thursday. Palantir Technologies Inc. has a fifty-two week low of $7.28 and a fifty-two week high of $27.50. The company has a market capitalization of $54.21 billion, a P/E ratio of 272.25, a P/E/G ratio of 6.10 and a beta of 2.82. The stock has a fifty day moving average of $22.40 and a 200-day moving average of $19.03.

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

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.