Sentry Investment Management LLC Acquires New Position in Palantir Technologies Inc. (NYSE:PLTR)

Sentry Investment Management LLC acquired a new stake in Palantir Technologies Inc. (NYSE:PLTR) during the 4th quarter, Holdings Channel.com reports. The firm acquired 23,937 shares of the company’s stock, valued at approximately $411,000.

Several other hedge funds also recently bought and sold shares of PLTR. Fiduciary Alliance LLC raised its holdings in shares of Palantir Technologies by 1.0% during the fourth quarter. Fiduciary Alliance LLC now owns 60,776 shares of the company’s stock worth $1,044,000 after acquiring an additional 618 shares during the period. Valeo Financial Advisors LLC lifted its stake in shares of Palantir Technologies by 2.2% during the 4th quarter. Valeo Financial Advisors LLC now owns 31,371 shares of the company’s stock worth $539,000 after buying an additional 675 shares during the last quarter. Founders Financial Securities LLC raised its stake in Palantir Technologies by 4.7% in the 3rd quarter. Founders Financial Securities LLC now owns 15,369 shares of the company’s stock worth $246,000 after purchasing an additional 690 shares in the last quarter. Truvestments Capital LLC raised its stake in Palantir Technologies by 74.9% in the 3rd quarter. Truvestments Capital LLC now owns 1,635 shares of the company’s stock worth $26,000 after purchasing an additional 700 shares in the last quarter. Finally, Everhart Financial Group Inc. raised its position in shares of Palantir Technologies by 6.1% in the 4th quarter. Everhart Financial Group Inc. now owns 12,730 shares of the company’s stock valued at $219,000 after buying an additional 734 shares in the last quarter. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Palantir Technologies Price Performance

NYSE:PLTR opened at $21.65 on Tuesday. The company has a market capitalization of $47.91 billion, a PE ratio of 243.53, a P/E/G ratio of 5.56 and a beta of 2.78. The firm’s 50-day moving average price is $23.96 and its 200-day moving average price is $19.76. Palantir Technologies Inc. has a 1-year low of $7.28 and a 1-year high of $27.50.

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

Insider Buying and Selling at Palantir Technologies

In other news, Director Lauren Elaina Friedman Stat sold 5,000 shares of the stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $25.10, for a total transaction of $125,500.00. Following the completion of the transaction, the director now directly owns 181,830 shares in the company, valued at approximately $4,563,933. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Peter Thiel sold 7,044,756 shares of Palantir Technologies stock in a transaction on 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 directly owns 70,806,432 shares in the company, valued at $1,755,291,449.28. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Lauren Elaina Friedman Stat sold 5,000 shares of the firm’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $25.10, for a total value of $125,500.00. Following the transaction, the director now owns 181,830 shares in the company, valued at approximately $4,563,933. The disclosure for this sale can be found here. Insiders sold a total of 7,456,273 shares of company stock valued at $184,343,202 in the last three months. 13.96% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

PLTR has been the subject of several analyst reports. Raymond James boosted their target price on shares of Palantir Technologies from $22.00 to $25.00 and gave the company an “outperform” rating in a research report on Tuesday, February 6th. Monness Crespi & Hardt lowered shares of Palantir Technologies from a “neutral” rating to a “sell” rating and set a $20.00 price objective on the stock. in a research note on Thursday, March 28th. Royal Bank of Canada reaffirmed an “underperform” rating and issued a $5.00 price objective on shares of Palantir Technologies in a research note on Tuesday, February 6th. HSBC lowered shares of Palantir Technologies from a “buy” rating to a “hold” rating and set a $22.00 price objective on the stock. in a research note on Wednesday, February 14th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $35.00 price objective (up from $30.00) on shares of Palantir Technologies in a research note on Friday, March 8th. Four equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $18.35.

Palantir Technologies 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.