Fiduciary Trust Co Grows Stock Holdings in Palantir Technologies Inc. (NASDAQ:PLTR)

Fiduciary Trust Co grew its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 2.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 45,888 shares of the company’s stock after purchasing an additional 1,271 shares during the period. Fiduciary Trust Co’s holdings in Palantir Technologies were worth $3,471,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in PLTR. Heritage Wealth Management Inc. CA raised its holdings in shares of Palantir Technologies by 0.4% during the 4th quarter. Heritage Wealth Management Inc. CA now owns 29,024 shares of the company’s stock worth $2,195,000 after acquiring an additional 111 shares during the period. Westover Capital Advisors LLC raised its stake in Palantir Technologies by 1.8% during the fourth quarter. Westover Capital Advisors LLC now owns 7,330 shares of the company’s stock worth $554,000 after purchasing an additional 130 shares during the period. Tritonpoint Wealth LLC boosted its holdings in Palantir Technologies by 1.9% in the 4th quarter. Tritonpoint Wealth LLC now owns 7,100 shares of the company’s stock valued at $537,000 after purchasing an additional 132 shares during the last quarter. Twin Peaks Wealth Advisors LLC grew its stake in shares of Palantir Technologies by 2.2% in the 4th quarter. Twin Peaks Wealth Advisors LLC now owns 6,523 shares of the company’s stock valued at $493,000 after buying an additional 139 shares during the period. Finally, Truvestments Capital LLC increased its holdings in shares of Palantir Technologies by 1.2% during the 4th quarter. Truvestments Capital LLC now owns 12,311 shares of the company’s stock worth $931,000 after buying an additional 142 shares during the last quarter. Institutional investors and hedge funds own 45.65% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on PLTR shares. Loop Capital increased their price objective on Palantir Technologies from $125.00 to $130.00 and gave the stock a “buy” rating in a research report on Tuesday. Morgan Stanley increased their price target on Palantir Technologies from $90.00 to $98.00 and gave the stock an “equal weight” rating in a report on Tuesday. William Blair set a $84.00 price objective on shares of Palantir Technologies in a report on Wednesday, March 5th. Deutsche Bank Aktiengesellschaft reaffirmed a “sell” rating on shares of Palantir Technologies in a research note on Tuesday. Finally, Cantor Fitzgerald boosted their price target on shares of Palantir Technologies from $98.00 to $110.00 and gave the company a “neutral” rating in a research note on Tuesday. Five analysts have rated the stock with a sell rating, fifteen have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Palantir Technologies currently has an average rating of “Hold” and a consensus target price of $83.95.

Insider Transactions at Palantir Technologies

In related news, insider Heather A. Planishek sold 13,891 shares of the stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $115.96, for a total value of $1,610,800.36. Following the transaction, the insider now directly owns 512,006 shares of the company’s stock, valued at $59,372,215.76. This trade represents a 2.64 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Lauren Elaina Friedman Stat sold 800 shares of the business’s stock in a transaction on Thursday, April 3rd. The shares were sold at an average price of $81.25, for a total transaction of $65,000.00. Following the completion of the sale, the director now directly owns 61,339 shares of the company’s stock, valued at approximately $4,983,793.75. This trade represents a 1.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,978,181 shares of company stock valued at $252,115,667. Corporate insiders own 9.23% of the company’s stock.

Palantir Technologies Stock Down 1.5 %

Shares of Palantir Technologies stock opened at $117.36 on Friday. Palantir Technologies Inc. has a 52-week low of $20.50 and a 52-week high of $125.41. The company has a 50 day moving average of $94.23 and a 200 day moving average of $81.99. The company has a market capitalization of $275.25 billion, a P/E ratio of 617.72, a P/E/G ratio of 10.84 and a beta of 2.68.

Palantir Technologies (NASDAQ:PLTR) last issued its earnings results on Monday, May 5th. The company reported $0.13 EPS for the quarter, hitting analysts’ consensus estimates of $0.13. Palantir Technologies had a net margin of 16.13% and a return on equity of 6.85%. The firm had revenue of $883.86 million during the quarter, compared to the consensus estimate of $863.89 million. During the same quarter in the previous year, the firm posted $0.08 earnings per share. The company’s revenue was up 39.4% compared to the same quarter last year. As a group, research analysts anticipate that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

About Palantir Technologies

Palantir Technologies, Inc engages in the business of building and deploying software platforms that serve as the central operating systems for its customers. It operates under the Commercial and Government segments. The Commercial segment focuses on customers working in non-government industries. The Government segment is involved in providing services to customers that are the United States government and non-United States government agencies.