Sage Capital Advisors llc Boosts Stock Position in Palantir Technologies Inc. (NASDAQ:PLTR)

Sage Capital Advisors llc boosted its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 309.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 94,193 shares of the company’s stock after purchasing an additional 71,192 shares during the period. Palantir Technologies comprises approximately 1.9% of Sage Capital Advisors llc’s holdings, making the stock its 14th largest position. Sage Capital Advisors llc’s holdings in Palantir Technologies were worth $7,124,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Hilltop National Bank boosted its position in shares of Palantir Technologies by 13.6% in the fourth quarter. Hilltop National Bank now owns 2,760 shares of the company’s stock worth $209,000 after acquiring an additional 330 shares during the last quarter. ST Germain D J Co. Inc. boosted its position in shares of Palantir Technologies by 4.4% in the fourth quarter. ST Germain D J Co. Inc. now owns 4,780 shares of the company’s stock worth $362,000 after buying an additional 200 shares during the period. Avondale Wealth Management grew its stake in shares of Palantir Technologies by 2.2% in the fourth quarter. Avondale Wealth Management now owns 15,840 shares of the company’s stock valued at $1,198,000 after buying an additional 340 shares in the last quarter. Baker Tilly Wealth Management LLC grew its position in Palantir Technologies by 7.3% in the fourth quarter. Baker Tilly Wealth Management LLC now owns 21,607 shares of the company’s stock valued at $1,634,000 after acquiring an additional 1,473 shares in the last quarter. Finally, Watts Gwilliam & Co. LLC acquired a new position in shares of Palantir Technologies during the fourth quarter worth $237,000. Institutional investors and hedge funds own 45.65% of the company’s stock.

Palantir Technologies Stock Performance

PLTR traded down $0.69 during mid-day trading on Friday, reaching $67.54. The stock had a trading volume of 53,035,335 shares, compared to its average volume of 78,891,695. The firm’s fifty day simple moving average is $68.42 and its two-hundred day simple moving average is $45.38. The stock has a market capitalization of $153.86 billion, a P/E ratio of 337.72, a P/E/G ratio of 10.18 and a beta of 2.82. Palantir Technologies Inc. has a 52 week low of $16.03 and a 52 week high of $84.80.

Palantir Technologies (NASDAQ:PLTR) last announced its quarterly earnings data on Monday, November 4th. The company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.01. Palantir Technologies had a return on equity of 9.94% and a net margin of 18.01%. The business had revenue of $725.52 million during the quarter, compared to analysts’ expectations of $705.11 million. During the same period in the previous year, the firm earned $0.03 earnings per share. The firm’s quarterly revenue was up 30.0% compared to the same quarter last year. As a group, analysts expect that Palantir Technologies Inc. will post 0.21 EPS for the current fiscal year.

Insider Transactions at Palantir Technologies

In other Palantir Technologies news, insider Shyam Sankar sold 5,250,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $70.08, for a total transaction of $367,920,000.00. Following the transaction, the insider now owns 752,786 shares of the company’s stock, valued at $52,755,242.88. The trade was a 87.46 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Ryan D. Taylor sold 123,334 shares of the company’s stock in a transaction on Friday, October 25th. The shares were sold at an average price of $45.00, for a total transaction of $5,550,030.00. Following the completion of the transaction, the insider now owns 331,369 shares in the company, valued at approximately $14,911,605. This represents a 27.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 23,638,189 shares of company stock valued at $1,443,945,933 over the last three months. 12.93% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

PLTR has been the topic of a number of recent analyst reports. UBS Group assumed coverage on shares of Palantir Technologies in a report on Thursday, December 19th. They issued a “neutral” rating and a $80.00 price objective on the stock. DA Davidson increased their price target on shares of Palantir Technologies from $28.00 to $47.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. Bank of America upped their price objective on Palantir Technologies from $55.00 to $75.00 and gave the stock a “buy” rating in a research note on Monday, November 25th. Jefferies Financial Group cut shares of Palantir Technologies from a “hold” rating to an “underperform” rating and set a $28.00 price target on the stock. in a research report on Thursday, November 7th. Finally, Raymond James downgraded Palantir Technologies from an “outperform” rating to a “market perform” rating in a research report on Monday, September 23rd. Seven research analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $42.12.

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.