Prairie Wealth Advisors Inc. Has $769,000 Stock Position in Palantir Technologies Inc. (NASDAQ:PLTR)

Prairie Wealth Advisors Inc. trimmed its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 4.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 10,170 shares of the company’s stock after selling 425 shares during the period. Prairie Wealth Advisors Inc.’s holdings in Palantir Technologies were worth $769,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in PLTR. State Street Corp grew its holdings in shares of Palantir Technologies by 96.4% in the 3rd quarter. State Street Corp now owns 82,512,440 shares of the company’s stock valued at $3,069,463,000 after buying an additional 40,498,024 shares during the period. Geode Capital Management LLC lifted its position in Palantir Technologies by 52.9% during the 3rd quarter. Geode Capital Management LLC now owns 47,946,926 shares of the company’s stock worth $1,777,568,000 after buying an additional 16,598,253 shares in the last quarter. International Assets Investment Management LLC boosted its position in Palantir Technologies by 3,476.2% during the third quarter. International Assets Investment Management LLC now owns 6,832,301 shares of the company’s stock valued at $254,162,000 after purchasing an additional 6,641,253 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Palantir Technologies by 60.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 12,387,040 shares of the company’s stock valued at $460,798,000 after buying an additional 4,667,955 shares during the last quarter. Finally, Lord Abbett & CO. LLC grew its position in shares of Palantir Technologies by 943.2% in the 3rd quarter. Lord Abbett & CO. LLC now owns 3,300,766 shares of the company’s stock valued at $122,788,000 after acquiring an additional 2,984,348 shares during the period. Institutional investors own 45.65% of the company’s stock.

Palantir Technologies Stock Up 9.8 %

PLTR stock opened at $111.28 on Friday. The firm has a market cap of $253.50 billion, a price-to-earnings ratio of 556.43, a PEG ratio of 7.54 and a beta of 2.81. The company’s fifty day simple moving average is $76.46 and its 200 day simple moving average is $52.67. Palantir Technologies Inc. has a 12-month low of $20.33 and a 12-month high of $111.55.

Palantir Technologies (NASDAQ:PLTR) last released its earnings results on Monday, November 4th. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01. The company had revenue of $725.52 million for the quarter, compared to the consensus estimate of $705.11 million. Palantir Technologies had a net margin of 18.01% and a return on equity of 9.94%. Palantir Technologies’s quarterly revenue was up 30.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.03 EPS. Research analysts expect that Palantir Technologies Inc. will post 0.19 earnings per share for the current year.

Analysts Set New Price Targets

PLTR has been the topic of a number of recent analyst reports. William Blair reissued an “underperform” rating on shares of Palantir Technologies in a report on Wednesday, December 18th. Citigroup lifted their price target on shares of Palantir Technologies from $42.00 to $110.00 and gave the company a “neutral” rating in a research report on Wednesday. Morgan Stanley raised shares of Palantir Technologies from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $60.00 to $95.00 in a research report on Tuesday. Wedbush raised their target price on Palantir Technologies from $75.00 to $90.00 and gave the company an “outperform” rating in a report on Thursday, January 23rd. Finally, Royal Bank of Canada lifted their price target on shares of Palantir Technologies from $11.00 to $40.00 and gave the company an “underperform” rating in a report on Tuesday. Six analysts have rated the stock with a sell rating, twelve have given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $69.44.

Insider Activity at Palantir Technologies

In related news, Director Lauren Elaina Friedman Stat sold 11,794 shares of the stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $102.80, for a total value of $1,212,423.20. Following the completion of the sale, the director now directly owns 88,129 shares of the company’s stock, valued at approximately $9,059,661.20. This represents a 11.80 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Alexander C. Karp sold 1,823,602 shares of the firm’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $63.12, for a total transaction of $115,105,758.24. Following the transaction, the insider now directly owns 6,432,258 shares in the company, valued at $406,004,124.96. The trade was a 22.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 15,656,687 shares of company stock valued at $1,040,105,687 in the last three months. Corporate insiders own 12.93% of the company’s stock.

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.