Sjbenen Advisory LLC Invests $5.23 Million in Palantir Technologies Inc. $PLTR

Sjbenen Advisory LLC purchased a new stake in Palantir Technologies Inc. (NASDAQ:PLTRFree Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 29,426 shares of the company’s stock, valued at approximately $5,230,000. Palantir Technologies accounts for about 2.9% of Sjbenen Advisory LLC’s holdings, making the stock its 8th biggest holding.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Bare Financial Services Inc boosted its holdings in Palantir Technologies by 54.5% during the third quarter. Bare Financial Services Inc now owns 156 shares of the company’s stock worth $28,000 after buying an additional 55 shares in the last quarter. Financial Consulate Inc. acquired a new stake in Palantir Technologies in the third quarter valued at $30,000. Retirement Wealth Solutions LLC purchased a new stake in shares of Palantir Technologies in the 3rd quarter worth about $31,000. United Financial Planning Group LLC acquired a new position in Palantir Technologies during the third quarter worth about $32,000. Finally, Flagship Wealth Advisors LLC purchased a new position in shares of Palantir Technologies during the 3rd quarter worth approximately $32,000. Institutional investors and hedge funds own 45.65% of the company’s stock.

Insider Buying and Selling

In related news, insider Stephen Andrew Cohen sold 327,088 shares of the business’s stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $133.72, for a total transaction of $43,738,207.36. Following the transaction, the insider directly owned 592 shares of the company’s stock, valued at approximately $79,162.24. The trade was a 99.82% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Shyam Sankar sold 168,004 shares of the stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $133.72, for a total transaction of $22,465,494.88. Following the completion of the sale, the insider directly owned 642,786 shares of the company’s stock, valued at $85,953,343.92. This trade represents a 20.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,045,279 shares of company stock valued at $140,539,043 over the last ninety days. Insiders own 9.23% of the company’s stock.

Palantir Technologies Stock Performance

PLTR opened at $143.06 on Monday. The company has a market cap of $342.15 billion, a PE ratio of 227.08, a price-to-earnings-growth ratio of 2.84 and a beta of 1.70. Palantir Technologies Inc. has a 1 year low of $66.12 and a 1 year high of $207.52. The firm has a 50 day moving average price of $148.06 and a 200 day moving average price of $168.54.

Palantir Technologies (NASDAQ:PLTRGet Free Report) last released its quarterly earnings data on Monday, February 2nd. The company reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.02. Palantir Technologies had a net margin of 36.31% and a return on equity of 23.81%. The company had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.34 billion. During the same period in the previous year, the firm earned $0.14 earnings per share. Palantir Technologies’s revenue for the quarter was up 70.0% on a year-over-year basis. On average, sell-side analysts predict that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on PLTR. Loop Capital cut their price target on Palantir Technologies from $230.00 to $220.00 and set a “buy” rating for the company in a report on Friday, January 30th. Jefferies Financial Group set a $208.00 price target on Palantir Technologies in a research note on Thursday, January 22nd. William Blair raised Palantir Technologies from a “market perform” rating to an “outperform” rating in a research note on Monday, February 2nd. Truist Financial started coverage on shares of Palantir Technologies in a report on Tuesday, January 6th. They set a “buy” rating and a $223.00 price objective on the stock. Finally, DA Davidson cut their price target on shares of Palantir Technologies from $215.00 to $180.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 3rd. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $198.59.

Read Our Latest Report on Palantir Technologies

Key Palantir Technologies News

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About Palantir Technologies

(Free Report)

Palantir Technologies is a software company that develops data integration, analytics and operational decision-making platforms for government and commercial customers. Founded in 2003 by a team that included Alex Karp and Peter Thiel, Palantir has grown into a provider of enterprise-scale software designed to help organizations integrate disparate data sources, build analytic models and drive operational workflows. The company went public in 2020 and continues to position its products around large, complex data projects where security, provenance and real-time collaboration are important.

Palantir’s product portfolio centers on a small number of core platforms.

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Institutional Ownership by Quarter for Palantir Technologies (NASDAQ:PLTR)

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