Financial Management Professionals Inc. Has $41,000 Position in Palantir Technologies Inc. (NASDAQ:PLTR)

Financial Management Professionals Inc. lifted its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 171.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 543 shares of the company’s stock after acquiring an additional 343 shares during the period. Financial Management Professionals Inc.’s holdings in Palantir Technologies were worth $41,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Hubbell Strickland Wealth Management LLC acquired a new stake in Palantir Technologies during the 4th quarter worth $230,000. KRS Capital Management LLC increased its holdings in shares of Palantir Technologies by 16.6% in the fourth quarter. KRS Capital Management LLC now owns 8,978 shares of the company’s stock worth $679,000 after acquiring an additional 1,278 shares in the last quarter. Trust Co. of Vermont increased its holdings in shares of Palantir Technologies by 506.6% in the fourth quarter. Trust Co. of Vermont now owns 1,377 shares of the company’s stock worth $104,000 after acquiring an additional 1,150 shares in the last quarter. Premier Path Wealth Partners LLC lifted its holdings in shares of Palantir Technologies by 3.3% during the 4th quarter. Premier Path Wealth Partners LLC now owns 17,068 shares of the company’s stock valued at $1,291,000 after purchasing an additional 538 shares in the last quarter. Finally, Stonekeep Investments LLC acquired a new position in shares of Palantir Technologies in the 4th quarter valued at approximately $226,000. Institutional investors own 45.65% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on PLTR. Cantor Fitzgerald assumed coverage on shares of Palantir Technologies in a report on Friday. They set a “neutral” rating and a $72.00 target price on the stock. Baird R W raised shares of Palantir Technologies to a “hold” rating in a research report on Thursday, December 12th. Bank of America increased their target price on Palantir Technologies from $55.00 to $75.00 and gave the stock a “buy” rating in a report on Monday, November 25th. Northland Securities boosted their price target on Palantir Technologies from $35.00 to $38.00 and gave the company a “market perform” rating in a report on Tuesday, November 5th. Finally, Robert W. Baird assumed coverage on Palantir Technologies in a report on Thursday, December 12th. They set a “neutral” rating and a $70.00 price objective for the company. Seven analysts have rated the stock with a sell rating, twelve have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $43.78.

Insiders Place Their Bets

In other Palantir Technologies news, Director Lauren Elaina Friedman Stat sold 8,054 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $50.49, for a total value of $406,646.46. Following the sale, the director now owns 130,250 shares in the company, valued at $6,576,322.50. This trade represents a 5.82 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Alexandra W. Schiff sold 4,000 shares of the firm’s stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $71.63, for a total value of $286,520.00. Following the sale, the director now directly owns 195,393 shares in the company, valued at approximately $13,996,000.59. This trade represents a 2.01 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 23,642,189 shares of company stock worth $1,444,232,453 over the last three months. Insiders own 12.93% of the company’s stock.

Palantir Technologies Stock Up 3.7 %

Shares of Palantir Technologies stock opened at $71.77 on Monday. The company has a 50-day simple moving average of $70.49 and a two-hundred day simple moving average of $47.32. Palantir Technologies Inc. has a twelve month low of $16.03 and a twelve month high of $84.80. The stock has a market capitalization of $163.49 billion, a price-to-earnings ratio of 358.87, a price-to-earnings-growth ratio of 6.24 and a beta of 2.82.

Palantir Technologies (NASDAQ:PLTR) last issued its quarterly earnings results on Monday, November 4th. The company reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.01. The business had revenue of $725.52 million for the quarter, compared to the consensus estimate of $705.11 million. Palantir Technologies had a return on equity of 9.94% and a net margin of 18.01%. The firm’s quarterly revenue was up 30.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.03 earnings per share. On average, sell-side analysts anticipate that Palantir Technologies Inc. will post 0.2 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.