Palantir Technologies Inc. (NYSE:PLTR) Shares Acquired by Axxcess Wealth Management LLC

Axxcess Wealth Management LLC increased its position in shares of Palantir Technologies Inc. (NYSE:PLTR) by 6.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,904 shares of the company’s stock after buying an additional 824 shares during the period. Axxcess Wealth Management LLC’s holdings in Palantir Technologies were worth $222,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in PLTR. Fiduciary Alliance LLC grew its stake in Palantir Technologies by 1.0% during the 4th quarter. Fiduciary Alliance LLC now owns 60,776 shares of the company’s stock valued at $1,044,000 after purchasing an additional 618 shares in the last quarter. Golden State Equity Partners boosted its holdings in Palantir Technologies by 4.6% in the fourth quarter. Golden State Equity Partners now owns 14,435 shares of the company’s stock worth $248,000 after purchasing an additional 640 shares during the period. Capital Investment Counsel Inc increased its stake in Palantir Technologies by 0.5% during the fourth quarter. Capital Investment Counsel Inc now owns 120,727 shares of the company’s stock valued at $2,073,000 after purchasing an additional 650 shares during the last quarter. LCM Capital Management Inc raised its holdings in shares of Palantir Technologies by 1.9% during the fourth quarter. LCM Capital Management Inc now owns 34,080 shares of the company’s stock worth $585,000 after purchasing an additional 650 shares during the period. Finally, Valeo Financial Advisors LLC lifted its position in shares of Palantir Technologies by 2.2% in the 4th quarter. Valeo Financial Advisors LLC now owns 31,371 shares of the company’s stock worth $539,000 after buying an additional 675 shares during the last quarter. Institutional investors and hedge funds own 45.65% of the company’s stock.

Palantir Technologies Stock Performance

Palantir Technologies stock opened at $21.14 on Friday. The stock has a 50-day simple moving average of $23.28 and a 200 day simple moving average of $20.36. Palantir Technologies Inc. has a 52 week low of $9.02 and a 52 week high of $27.50. The stock has a market capitalization of $46.78 billion, a P/E ratio of 234.91, a PEG ratio of 5.72 and a beta of 2.76.

Palantir Technologies (NYSE:PLTR) last issued its quarterly 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 the consensus estimate of $603.48 million. Research analysts forecast that Palantir Technologies Inc. will post 0.16 earnings per share for the current year.

Insiders Place Their Bets

In other Palantir Technologies news, Director Alexander D. Moore sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $22.02, for a total transaction of $440,400.00. Following the completion of the transaction, the director now owns 1,595,519 shares in the company, valued at approximately $35,133,328.38. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, Director Alexander D. Moore sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $22.02, for a total transaction of $440,400.00. Following the transaction, the director now directly owns 1,595,519 shares of the company’s stock, valued at $35,133,328.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Peter Thiel sold 7,044,756 shares of Palantir Technologies stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $24.79, for a total value of $174,639,501.24. Following the sale, the director now owns 70,806,432 shares in the company, valued at $1,755,291,449.28. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 7,201,273 shares of company stock valued at $178,418,102. 13.96% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have commented on PLTR shares. DA Davidson lifted their target price on Palantir Technologies from $19.00 to $24.00 and gave the company a “neutral” rating in a research note on Tuesday. Royal Bank of Canada upped their price objective on Palantir Technologies from $5.00 to $9.00 and gave the stock an “underperform” rating in a research note on Tuesday. HSBC raised their price target on shares of Palantir Technologies from $22.00 to $23.00 and gave the company a “hold” rating in a research note on Tuesday. Wedbush reiterated an “outperform” rating and set a $35.00 price objective on shares of Palantir Technologies in a research report on Monday. Finally, William Blair reaffirmed an “underperform” rating on shares of Palantir Technologies in a research note on Tuesday. Five analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $20.65.

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.