Apeiron RIA LLC Invests $244,000 in Palantir Technologies Inc. (NASDAQ:PLTR)

Apeiron RIA LLC purchased a new stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 3,231 shares of the company’s stock, valued at approximately $244,000.

Other hedge funds also recently added to or reduced their stakes in the company. Secure Asset Management LLC purchased a new position in Palantir Technologies in the 4th quarter worth about $511,000. IVC Wealth Advisors LLC purchased a new position in shares of Palantir Technologies during the fourth quarter valued at approximately $248,000. Donoghue Forlines LLC lifted its position in Palantir Technologies by 47.8% during the fourth quarter. Donoghue Forlines LLC now owns 29,461 shares of the company’s stock valued at $2,228,000 after purchasing an additional 9,530 shares during the period. Capital Planning Advisors LLC bought a new position in Palantir Technologies during the fourth quarter valued at approximately $562,000. Finally, Burr Financial Services LLC purchased a new stake in Palantir Technologies in the fourth quarter worth approximately $11,698,000. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Palantir Technologies

In other news, Director Alexandra W. Schiff sold 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $71.63, for a total transaction of $286,520.00. Following the sale, the director now directly owns 195,393 shares of the company’s stock, valued at $13,996,000.59. This represents a 2.01 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Lauren Elaina Friedman Stat sold 10,721 shares of the firm’s stock in a transaction on Friday, December 6th. The shares were sold at an average price of $76.78, for a total transaction of $823,158.38. Following the completion of the transaction, the director now directly owns 100,923 shares of the company’s stock, valued at approximately $7,748,867.94. This trade represents a 9.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 23,518,855 shares of company stock valued at $1,438,682,423. Corporate insiders own 12.93% of the company’s stock.

Palantir Technologies Price Performance

NASDAQ PLTR opened at $78.98 on Friday. The business has a 50-day moving average price of $71.70 and a 200-day moving average price of $48.53. The firm has a market cap of $179.92 billion, a price-to-earnings ratio of 394.92, a price-to-earnings-growth ratio of 7.08 and a beta of 2.82. Palantir Technologies Inc. has a twelve month low of $16.03 and a twelve month high of $84.80.

Palantir Technologies (NASDAQ:PLTR) last posted its quarterly earnings results on Monday, November 4th. The company reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.01. The business had revenue of $725.52 million during the quarter, compared to the consensus estimate of $705.11 million. Palantir Technologies had a return on equity of 9.94% and a net margin of 18.01%. The firm’s revenue for the quarter was up 30.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.03 EPS. Research analysts expect that Palantir Technologies Inc. will post 0.2 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently weighed in on PLTR. William Blair reissued an “underperform” rating on shares of Palantir Technologies in a report on Wednesday, December 18th. Morgan Stanley reissued an “underweight” rating and issued a $60.00 target price on shares of Palantir Technologies in a report on Monday, January 6th. Northland Securities boosted their price target on Palantir Technologies from $35.00 to $38.00 and gave the company a “market perform” rating in a research note on Tuesday, November 5th. Mizuho increased their price objective on shares of Palantir Technologies from $37.00 to $44.00 and gave the stock an “underperform” rating in a research note on Friday, December 13th. Finally, Argus lowered shares of Palantir Technologies from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th. Seven equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $44.61.

About Palantir Technologies

Palantir Technologies, Inc engages in the business of building and deploying software platforms that serve as the central operating systems for its customers. It operates under the Commercial and Government segments. The Commercial segment focuses on customers working in non-government industries. The Government segment is involved in providing services to customers that are the United States government and non-United States government agencies.