Duality Advisers LP Buys 87,095 Shares of Palantir Technologies Inc. (NYSE:PLTR)

Duality Advisers LP raised its stake in Palantir Technologies Inc. (NYSE:PLTR) by 57.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 239,323 shares of the company’s stock after acquiring an additional 87,095 shares during the quarter. Duality Advisers LP’s holdings in Palantir Technologies were worth $4,109,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of PLTR. Truvestments Capital LLC boosted its stake in Palantir Technologies by 74.9% in the 3rd quarter. Truvestments Capital LLC now owns 1,635 shares of the company’s stock valued at $26,000 after purchasing an additional 700 shares during the period. Pacifica Partners Inc. acquired a new stake in shares of Palantir Technologies during the fourth quarter worth $27,000. Resurgent Financial Advisors LLC bought a new stake in shares of Palantir Technologies in the fourth quarter valued at about $28,000. Provence Wealth Management Group acquired a new position in shares of Palantir Technologies in the third quarter valued at about $34,000. Finally, Glass Jacobson Investment Advisors llc bought a new position in Palantir Technologies during the third quarter worth about $35,000. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Palantir Technologies Price Performance

PLTR stock traded down $0.66 during trading on Friday, reaching $20.47. 39,632,591 shares of the company were exchanged, compared to its average volume of 35,153,176. The company has a market capitalization of $45.29 billion, a price-to-earnings ratio of 227.44, a P/E/G ratio of 5.02 and a beta of 2.78. The company has a 50-day moving average of $23.77 and a two-hundred day moving average of $19.92. Palantir Technologies Inc. has a twelve month low of $7.28 and a twelve month high of $27.50.

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

Insider Buying and Selling at Palantir Technologies

In related news, insider Heather A. Planishek sold 32,828 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $25.95, for a total value of $851,886.60. Following the completion of the transaction, the insider now owns 662,006 shares in the company, valued at approximately $17,179,055.70. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, insider Heather A. Planishek sold 32,828 shares of the business’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $25.95, for a total value of $851,886.60. Following the sale, the insider now owns 662,006 shares of the company’s stock, valued at $17,179,055.70. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Ryan D. Taylor sold 120,000 shares of the firm’s stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $22.00, for a total value of $2,640,000.00. Following the transaction, the insider now directly owns 181,460 shares of the company’s stock, valued at $3,992,120. The disclosure for this sale can be found here. Over the last three months, insiders sold 7,456,273 shares of company stock worth $184,343,202. 13.96% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. Bank of America boosted their price objective on shares of Palantir Technologies from $24.00 to $28.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. Wedbush reissued an “outperform” rating and set a $35.00 price target (up previously from $30.00) on shares of Palantir Technologies in a research report on Friday, March 8th. HSBC cut Palantir Technologies from a “buy” rating to a “hold” rating and set a $22.00 price objective for the company. in a report on Wednesday, February 14th. Monness Crespi & Hardt lowered Palantir Technologies from a “neutral” rating to a “sell” rating and set a $20.00 target price on the stock. in a report on Thursday, March 28th. Finally, Raymond James boosted their price target on Palantir Technologies from $22.00 to $25.00 and gave the company an “outperform” rating in a research note on Tuesday, February 6th. Four research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $18.35.

Palantir Technologies Company 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.