HHM Wealth Advisors LLC Buys 1,000 Shares of Palantir Technologies Inc. (NYSE:PLTR)

HHM Wealth Advisors LLC raised its stake in shares of Palantir Technologies Inc. (NYSE:PLTR) by 22.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,442 shares of the company’s stock after purchasing an additional 1,000 shares during the quarter. HHM Wealth Advisors LLC’s holdings in Palantir Technologies were worth $93,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the stock. Pacifica Partners Inc. purchased a new position in shares of Palantir Technologies during the fourth quarter worth approximately $27,000. Truvestments Capital LLC increased its stake in shares of Palantir Technologies by 74.9% in the third quarter. Truvestments Capital LLC now owns 1,635 shares of the company’s stock worth $26,000 after buying an additional 700 shares during the period. SJS Investment Consulting Inc. increased its stake in shares of Palantir Technologies by 1,197.4% in the fourth quarter. SJS Investment Consulting Inc. now owns 2,011 shares of the company’s stock worth $35,000 after buying an additional 1,856 shares during the period. GAMMA Investing LLC purchased a new position in shares of Palantir Technologies in the fourth quarter worth $33,000. Finally, Provence Wealth Management Group purchased a new position in shares of Palantir Technologies in the third quarter worth $34,000. 45.65% of the stock is currently owned by institutional investors.

Palantir Technologies Stock Performance

Shares of NYSE PLTR opened at $22.52 on Monday. The firm’s 50 day moving average price is $23.45 and its 200-day moving average price is $20.08. The company has a market cap of $49.83 billion, a PE ratio of 250.25, a P/E/G ratio of 5.52 and a beta of 2.78. Palantir Technologies Inc. has a 52-week low of $7.28 and a 52-week high of $27.50.

Palantir Technologies (NYSE:PLTR) last issued its quarterly earnings data on Monday, February 5th. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). The company had revenue of $608.35 million for the quarter, compared to the consensus estimate of $603.48 million. Palantir Technologies had a net margin of 9.43% and a return on equity of 6.17%. On average, analysts forecast that Palantir Technologies Inc. will post 0.16 earnings per share for the current fiscal year.

Insider Transactions at Palantir Technologies

In other Palantir Technologies news, Director Peter Thiel sold 7,044,756 shares of the business’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $24.79, for a total transaction of $174,639,501.24. Following the completion of the sale, the director now owns 70,806,432 shares of the company’s stock, valued at $1,755,291,449.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Ryan D. Taylor sold 120,000 shares of the firm’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $22.00, for a total transaction of $2,640,000.00. Following the sale, the insider now directly owns 181,460 shares in the company, valued at approximately $3,992,120. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Peter Thiel sold 7,044,756 shares of the stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $24.79, for a total value of $174,639,501.24. Following the completion of the sale, the director now owns 70,806,432 shares of the company’s stock, valued at approximately $1,755,291,449.28. The disclosure for this sale can be found here. Insiders sold 7,456,273 shares of company stock worth $184,343,202 in the last three months. Corporate insiders own 13.96% of the company’s stock.

Analyst Ratings Changes

PLTR has been the topic of several analyst reports. Bank of America lifted their target price on shares of Palantir Technologies from $24.00 to $28.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. Citigroup raised shares of Palantir Technologies from a “sell” rating to a “neutral” rating and lifted their target price for the stock from $10.00 to $20.00 in a research note on Tuesday, February 6th. Mizuho lifted their target price on shares of Palantir Technologies from $18.00 to $21.00 and gave the stock a “neutral” rating in a research note on Thursday, March 7th. Monness Crespi & Hardt raised shares of Palantir Technologies from a “sell” rating to a “neutral” rating in a research note on Friday. Finally, Royal Bank of Canada reissued an “underperform” rating and set a $5.00 price objective on shares of Palantir Technologies in a research report on Tuesday, February 6th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $18.35.

Palantir Technologies Company Profile

Palantir Technologies Inc builds and deploys software platforms for the intelligence community to assist in counterterrorism investigations and operations in the United States, the United Kingdom, and internationally. The company provides Palantir Gotham, a software platform which enables users to identify patterns hidden deep within datasets, ranging from signals intelligence sources to reports from confidential informants, as well as facilitates the handoff between analysts and operational users, helping operators plan and execute real-world responses to threats that have been identified within the platform.