Kiley Juergens Wealth Management LLC Acquires 1,195 Shares of Palantir Technologies Inc. (NYSE:PLTR)

Kiley Juergens Wealth Management LLC raised its holdings in shares of Palantir Technologies Inc. (NYSE:PLTR) by 5.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,135 shares of the company’s stock after acquiring an additional 1,195 shares during the quarter. Kiley Juergens Wealth Management LLC’s holdings in Palantir Technologies were worth $432,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Truvestments Capital LLC increased its holdings 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 purchasing an additional 700 shares during the last quarter. Pacifica Partners Inc. bought a new stake in shares of Palantir Technologies in the fourth quarter worth about $27,000. Resurgent Financial Advisors LLC bought a new stake in shares of Palantir Technologies in the fourth quarter worth about $28,000. Provence Wealth Management Group bought a new stake in shares of Palantir Technologies in the third quarter worth about $34,000. Finally, Glass Jacobson Investment Advisors llc bought a new stake in shares of Palantir Technologies in the third quarter worth about $35,000. 45.65% of the stock is owned by institutional investors.

Palantir Technologies Trading Down 0.1 %

Shares of NYSE PLTR traded down $0.03 during trading hours on Tuesday, reaching $21.87. The stock had a trading volume of 33,787,733 shares, compared to its average volume of 65,940,094. The firm has a market cap of $48.39 billion, a price-to-earnings ratio of 243.03, a P/E/G ratio of 5.56 and a beta of 2.78. The business’s fifty day moving average price is $23.96 and its two-hundred day moving average price is $19.80. 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 EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). The business had revenue of $608.35 million during the quarter, compared to the consensus estimate of $603.48 million. Palantir Technologies had a return on equity of 6.17% and a net margin of 9.43%. Equities research analysts anticipate that Palantir Technologies Inc. will post 0.16 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Lauren Elaina Friedman Stat sold 5,000 shares of the company’s stock in a transaction 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 transaction, the director now directly owns 181,830 shares of the company’s stock, valued at $4,563,933. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, insider Heather A. Planishek sold 32,828 shares of the company’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $25.95, for a total value of $851,886.60. Following the transaction, the insider now directly owns 662,006 shares of the company’s stock, valued at approximately $17,179,055.70. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Lauren Elaina Friedman Stat sold 5,000 shares of the company’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 completion of the transaction, the director now directly owns 181,830 shares in the company, valued at $4,563,933. The disclosure for this sale can be found here. Insiders sold 7,456,273 shares of company stock valued at $184,343,202 over the last 90 days. Corporate insiders own 13.96% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Mizuho lifted their target price on Palantir Technologies from $18.00 to $21.00 and gave the stock a “neutral” rating in a report on Thursday, March 7th. Bank of America lifted their price target on Palantir Technologies from $24.00 to $28.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. Wedbush reiterated an “outperform” rating and issued a $35.00 price target (up previously from $30.00) on shares of Palantir Technologies in a research report on Friday, March 8th. Royal Bank of Canada reiterated an “underperform” rating and issued a $5.00 price target on shares of Palantir Technologies in a research report on Tuesday, February 6th. Finally, Jefferies Financial Group upgraded Palantir Technologies from an “underperform” rating to a “hold” rating and lifted their price target for the stock from $13.00 to $22.00 in a research report on Tuesday, February 6th. Four analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target 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.