Perryman Financial Advisory Inc. AD Invests $4.08 Million in Palantir Technologies Inc. $PLTR

Perryman Financial Advisory Inc. AD bought a new position in Palantir Technologies Inc. (NASDAQ:PLTRFree Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 22,975 shares of the company’s stock, valued at approximately $4,084,000.

Other institutional investors have also recently made changes to their positions in the company. Bare Financial Services Inc lifted its holdings in shares of Palantir Technologies by 54.5% in the 3rd quarter. Bare Financial Services Inc now owns 156 shares of the company’s stock worth $28,000 after acquiring an additional 55 shares during the last quarter. Basepoint Wealth LLC bought a new stake in shares of Palantir Technologies in the 4th quarter worth about $29,000. Morton Brown Family Wealth LLC lifted its holdings in shares of Palantir Technologies by 250.0% in the 4th quarter. Morton Brown Family Wealth LLC now owns 175 shares of the company’s stock worth $31,000 after acquiring an additional 125 shares during the last quarter. Cornerstone Financial Management LLC bought a new stake in shares of Palantir Technologies in the 4th quarter worth about $31,000. Finally, United Financial Planning Group LLC bought a new stake in shares of Palantir Technologies in the 3rd quarter worth about $32,000. Institutional investors own 45.65% of the company’s stock.

Insiders Place Their Bets

In other news, insider Shyam Sankar sold 165,514 shares of the business’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $136.04, for a total value of $22,516,524.56. Following the completion of the sale, the insider owned 642,786 shares in the company, valued at approximately $87,444,607.44. The trade was a 20.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Lauren Elaina Friedman Stat sold 1,598 shares of the business’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $160.00, for a total transaction of $255,680.00. Following the completion of the sale, the director owned 55,022 shares of the company’s stock, valued at approximately $8,803,520. This represents a 2.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 925,789 shares of company stock worth $126,007,032. 9.53% of the stock is owned by corporate insiders.

Palantir Technologies Price Performance

Shares of PLTR opened at $127.99 on Monday. Palantir Technologies Inc. has a 1-year low of $122.68 and a 1-year high of $207.52. The company has a 50-day moving average of $139.54 and a 200 day moving average of $153.70. The firm has a market capitalization of $306.83 billion, a price-to-earnings ratio of 143.81, a PEG ratio of 2.03 and a beta of 1.53.

Palantir Technologies (NASDAQ:PLTRGet Free Report) last posted its quarterly earnings results on Monday, May 4th. The company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.28 by $0.05. Palantir Technologies had a net margin of 43.67% and a return on equity of 28.34%. The business had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.54 billion. During the same quarter in the previous year, the business posted $0.13 EPS. The company’s quarterly revenue was up 84.7% compared to the same quarter last year. On average, equities analysts anticipate that Palantir Technologies Inc. will post 1.18 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

PLTR has been the subject of a number of research analyst reports. Zacks Research upgraded shares of Palantir Technologies from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 7th. Citigroup lifted their price objective on shares of Palantir Technologies from $210.00 to $225.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. Oppenheimer initiated coverage on shares of Palantir Technologies in a report on Thursday, April 30th. They set an “outperform” rating and a $200.00 price objective for the company. Rosenblatt Securities reiterated a “buy” rating and set a $225.00 price objective on shares of Palantir Technologies in a report on Friday, June 5th. Finally, Wedbush reiterated an “outperform” rating and set a $230.00 price objective on shares of Palantir Technologies in a report on Friday, June 5th. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $192.76.

View Our Latest Report on Palantir Technologies

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About Palantir Technologies

(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.

See Also

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

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