Parisi Gray Wealth Management Raises Stake in Palantir Technologies Inc. (NYSE:PLTR)

Parisi Gray Wealth Management increased its stake in Palantir Technologies Inc. (NYSE:PLTR) by 2.5% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 86,753 shares of the company’s stock after buying an additional 2,095 shares during the quarter. Parisi Gray Wealth Management’s holdings in Palantir Technologies were worth $1,490,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Qsemble Capital Management LP bought a new stake in Palantir Technologies in the 3rd quarter valued at about $1,178,000. Trexquant Investment LP bought a new stake in Palantir Technologies in the 3rd quarter valued at about $4,446,000. Van Cleef Asset Management Inc raised its stake in Palantir Technologies by 82.9% in the 2nd quarter. Van Cleef Asset Management Inc now owns 690,267 shares of the company’s stock valued at $10,582,000 after acquiring an additional 312,767 shares during the period. Victory Capital Management Inc. raised its stake in Palantir Technologies by 3.9% in the 3rd quarter. Victory Capital Management Inc. now owns 684,953 shares of the company’s stock valued at $10,959,000 after acquiring an additional 25,787 shares during the period. Finally, Korea Investment CORP raised its stake in Palantir Technologies by 148.4% in the 3rd quarter. Korea Investment CORP now owns 193,957 shares of the company’s stock valued at $3,103,000 after acquiring an additional 115,876 shares during the period. 45.65% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Palantir Technologies

In other Palantir Technologies news, Director Alexandra W. Schiff sold 4,000 shares of the stock in a transaction on Wednesday, January 3rd. The stock was sold at an average price of $16.11, for a total value of $64,440.00. Following the completion of the transaction, the director now owns 200,783 shares in the company, valued at $3,234,614.13. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Palantir Technologies news, Director Lauren Elaina Friedman Stat sold 6,000 shares of the stock in a transaction on Friday, March 15th. The stock was sold at an average price of $23.68, for a total value of $142,080.00. Following the completion of the transaction, the director now owns 175,830 shares in the company, valued at $4,163,654.40. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Alexandra W. Schiff sold 4,000 shares of the firm’s stock in a transaction on Wednesday, January 3rd. The shares were sold at an average price of $16.11, for a total value of $64,440.00. Following the transaction, the director now owns 200,783 shares of the company’s stock, valued at $3,234,614.13. The disclosure for this sale can be found here. Insiders sold a total of 7,455,273 shares of company stock worth $184,293,942 over the last quarter. 13.96% of the stock is owned by corporate insiders.

Palantir Technologies Trading Down 2.9 %

Shares of NYSE:PLTR traded down $0.72 during trading on Thursday, reaching $23.79. 11,640,344 shares of the company traded hands, compared to its average volume of 70,870,023. The firm has a market capitalization of $52.64 billion, a price-to-earnings ratio of 272.25, a P/E/G ratio of 6.10 and a beta of 2.82. Palantir Technologies Inc. has a 52-week low of $7.28 and a 52-week high of $27.50. The business’s fifty day moving average is $22.40 and its 200-day moving average is $19.03.

Palantir Technologies (NYSE:PLTR) last announced its earnings results on Monday, February 5th. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). The business 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, sell-side analysts predict that Palantir Technologies Inc. will post 0.16 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

PLTR has been the topic of several analyst reports. Mizuho upped their price target on Palantir Technologies from $18.00 to $21.00 and gave the company a “neutral” rating in a research report on Thursday, March 7th. Monness Crespi & Hardt cut Palantir Technologies from a “neutral” rating to a “sell” rating and set a $20.00 price target on the stock. in a research report on Thursday. Bank of America upped their price target on Palantir Technologies from $24.00 to $28.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. Royal Bank of Canada reiterated an “underperform” rating and set a $5.00 price target on shares of Palantir Technologies in a research report on Tuesday, February 6th. Finally, Jefferies Financial Group upgraded shares of Palantir Technologies from an “underperform” rating to a “hold” rating and upped their price objective for the stock from $13.00 to $22.00 in a research report on Tuesday, February 6th. Four investment analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Palantir Technologies currently has an average rating of “Hold” and an average target price of $18.35.

About Palantir Technologies

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.