3,621 Shares in Palantir Technologies Inc. (NASDAQ:PLTR) Acquired by Redhawk Wealth Advisors Inc.

Redhawk Wealth Advisors Inc. bought a new stake in Palantir Technologies Inc. (NASDAQ:PLTR) in the 4th quarter, Holdings Channel.com reports. The fund bought 3,621 shares of the company’s stock, valued at approximately $274,000.

Other hedge funds also recently bought and sold shares of the company. WINTON GROUP Ltd acquired a new position in Palantir Technologies during the 2nd quarter worth approximately $241,000. Dimensional Fund Advisors LP raised its holdings in Palantir Technologies by 10.7% during the second quarter. Dimensional Fund Advisors LP now owns 2,880,610 shares of the company’s stock worth $72,963,000 after acquiring an additional 278,544 shares in the last quarter. Edgestream Partners L.P. acquired a new position in Palantir Technologies during the second quarter valued at approximately $350,000. Axxcess Wealth Management LLC grew its stake in Palantir Technologies by 264.0% in the second quarter. Axxcess Wealth Management LLC now owns 61,970 shares of the company’s stock valued at $1,570,000 after purchasing an additional 44,943 shares in the last quarter. Finally, Wealth Alliance acquired a new position in shares of Palantir Technologies during the 2nd quarter worth approximately $247,000. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

PLTR has been the subject of several analyst reports. Morgan Stanley reissued an “underweight” rating and issued a $60.00 target price on shares of Palantir Technologies in a research note on Monday, January 6th. William Blair reissued an “underperform” rating on shares of Palantir Technologies in a research report on Wednesday, December 18th. Argus cut shares of Palantir Technologies from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. Mizuho boosted their price target on Palantir Technologies from $37.00 to $44.00 and gave the stock an “underperform” rating in a research report on Friday, December 13th. Finally, Northland Securities raised their price objective on Palantir Technologies from $35.00 to $38.00 and gave the company a “market perform” rating in a research report on Tuesday, November 5th. Seven equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $42.12.

Palantir Technologies Price Performance

Shares of NASDAQ PLTR opened at $69.34 on Friday. The business has a fifty day moving average price of $69.95 and a two-hundred day moving average price of $46.69. The stock has a market capitalization of $157.95 billion, a PE ratio of 346.70, a P/E/G ratio of 6.24 and a beta of 2.82. Palantir Technologies Inc. has a fifty-two week low of $16.03 and a fifty-two week high of $84.80.

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

Insider Activity

In other Palantir Technologies news, insider Ryan D. Taylor sold 123,334 shares of the company’s stock in a transaction on Friday, October 25th. The stock was sold at an average price of $45.00, for a total transaction of $5,550,030.00. Following the completion of the sale, the insider now directly owns 331,369 shares in the company, valued at $14,911,605. This represents a 27.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Alexander C. Karp sold 3,337,048 shares of the firm’s stock in a transaction on Monday, October 28th. The shares were sold at an average price of $45.02, for a total value of $150,233,900.96. Following the completion of the sale, the insider now directly owns 6,432,258 shares in the company, valued at approximately $289,580,255.16. This represents a 34.16 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 23,642,189 shares of company stock worth $1,444,232,453. 12.93% of the stock is currently owned by corporate insiders.

Palantir Technologies Company Profile

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.