IFP Advisors Inc Reduces Position in Palantir Technologies Inc. (NYSE:PLTR)

Financial Advisors


IFP Advisors Inc reduced its stake in Palantir Technologies Inc. (NYSE: PLTR – Get Rating) by 41.9% in the fourth quarter, according to its latest Securities and Exchange Commission filings. The company owned 91,768 shares of the company’s stock after selling 66,172 shares during the quarter. IFP Advisors Inc’s holdings in Palantir Technologies were valued at $915,000 at the end of the most recent quarter.

Other big investors have also changed positions in the company. Exos TFP Holdings LLC bought his new $35,000 stake in Palantir Technologies in the third quarter. Romano Brothers AND Company bought a new stake in his Palantir Technologies in the fourth quarter for his $39,000 equivalent. Guardian Wealth Advisors LLC said in the third quarter he bought a new stake in Palantir Technologies worth $47,000. Allworth Financial LP increased its Palantir Technologies stock position by 54.2% in the fourth quarter. Allworth Financial LP now owns 7,381 shares of the company worth $47,000 after purchasing an additional 2,594 shares during this period. Finally, Kistler Tiffany Companies LLC purchased a new stake in his $48,000 Palantir Technologies in the fourth quarter. 31.90% of the shares are owned by hedge funds and other institutional investors.

Palantir Technologies stock performance

PLTR shares opened at $7.38 on Friday. Palantir Technologies Inc. has a one-year low of $5.84 and a one-year high of $11.62. The company has a 50-day simple moving average of $8.09 and a 200-day simple moving average of $7.73. The stock has a market cap of $15.51 billion, a price/earnings ratio of -38.84, a PEG ratio of 2.60 and a beta of 2.85.

Palantir Technologies (NYSE:PLTR – Get Rating) last reported quarterly results on Monday, Feb. 13. The company reported quarterly EPS of $0.04, $0.01 above consensus expectations of $0.03. Palantir Technologies had a net profit margin of 19.61% and a return on equity of 11.90%. The business generated $508.62 million in revenue for the quarter, compared to analyst estimates of $504.84 million. During the same quarter last year, the company posted earnings of $0.02 per share for him. The company’s quarterly revenue increased by 17.5% compared to the same quarter last year. As a group, research analysts expect Palantir Technologies Inc. to post 0.05 EPS this year.

Insider trading at Palantir Technologies

In other news, insider Ryan D. Taylor sold 153,049 shares of stock in a trade on Wednesday, February 15th. The shares sold for an average of $10.07, and the total trading value he had was $1,541,203.43. After the transaction, insiders now own 281,526 shares of the Company’s stock valued at $2,834,966.82. The sale is disclosed in filings with the Securities and Exchange Commission, which can be accessed on his website at the SEC. In other Palantir Technologies news, insider Jeffrey Buckley sold 4,636 shares of the company’s stock in his Tuesday, Feb. 21 deal. The shares sold for an average of $8.55 for a total of $39,637.80. After the transaction, insiders now own 334,051 shares of the company stock valued at $2,856,136.05. The sale was disclosed in filings with the Securities and Exchange Commission, which can be accessed via this hyperlink. Also, his insider, Ryan D. Taylor, sold 153,049 shares of the company’s stock in a deal on Wednesday, Feb. 15. The shares sold at an average price of $10.07, and the total transaction value he had was $1,541,203.43. Following the closing of the transaction, the insider now owns directly his 281,526 shares in the company, valued at approximately $2,834,966.82. Please see here for the disclosure of this sale. In the past 90 days, insiders have sold 228,362 shares of company stock worth $2,149,762. The insider owns his 13.71% stake in the company.

Wall Street Analyst Predicts Growth

Several research analysts have recently taken notice of the PLTR stock. The Royal Bank of Canada reaffirmed its ‘underperforming’ rating and set a target price for Palantir Technologies shares at his $5.00 in a research report on Thursday, February 23. Goldman Sachs Group lowered its price target on Palantir Technologies from $9.00 to $8.00 in a report on Tuesday, February 14, setting the company’s rating to “neutral.” Citigroup reiterated its “sell” rating and issued his $5.00 price target on Palantir Technologies shares in its report on Friday, Feb. 3. William Blair reiterated in his report on Monday, March 27, that Palantir Technologies stock is underperforming. Finally, Mizuho raised his Palantir Technologies target price from $7.00 to $8.00, giving the company a “neutral” rating in a report on Tuesday, Feb. 14. Five investment analysts gave the stock a sell rating, seven gave a hold rating, one assigned a buy rating, and one issued a strong buy rating to the company. According to MarketBeat data, Palantir Technologies’ current consensus valuation is “hold” with a consensus price target of $8.25.

About Palantir Technologies

(get rating)

Palantir Technologies Inc builds and deploys software platforms for US intelligence agencies to support counter-terrorism investigations and operations. The company’s software platform, palantir gotham, enables users to identify patterns hidden deep in data sets, from signal intelligence sources to reports from confidential informants, and provides a clear line of sight between analysts and operational users. facilitate handovers and assist operators in developing and executing the actual plan. Global response to threats identified within the platform.

References

Want to know which other hedge funds hold PLTR? Visit HoldingsChannel.com to get the latest Palantir Technologies Inc. (NYSE:PLTR – Get Rating) 13F filings and insider trading.

Palantir Technologies (NYSE:PLTR) Quarterly Institutional Ownership

This instant news alert was generated by Narrative Science Technology and MarketBeat financial data to provide our readers with the fastest and most accurate reporting. This article was reviewed by MarketBeat’s editorial team prior to publication. Send any questions or comments about this story to contact@marketbeat.com.

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