Mirador Capital Partners LP Makes New $777,000 Investment in Palantir Technologies Inc. (NASDAQ:PLTR)

Mirador Capital Partners LP bought a new stake in Palantir Technologies Inc. (NASDAQ:PLTR) in the fourth quarter, HoldingsChannel.com reports. The firm bought 10,272 shares of the company’s stock, valued at approximately $777,000.

Several other large investors also recently bought and sold shares of PLTR. Mason & Associates Inc raised its holdings in Palantir Technologies by 19.3% in the fourth quarter. Mason & Associates Inc now owns 17,797 shares of the company’s stock valued at $1,346,000 after acquiring an additional 2,873 shares in the last quarter. Builder Investment Group Inc. ADV acquired a new stake in shares of Palantir Technologies in the 4th quarter valued at $376,000. Smith Thornton Advisors LLC purchased a new stake in shares of Palantir Technologies during the 4th quarter worth $329,000. RMR Wealth Builders grew its stake in shares of Palantir Technologies by 2.4% during the fourth quarter. RMR Wealth Builders now owns 7,201 shares of the company’s stock worth $545,000 after purchasing an additional 167 shares in the last quarter. Finally, Outlook Wealth Advisors LLC purchased a new position in Palantir Technologies in the fourth quarter valued at $238,000. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Palantir Technologies Stock Performance

Shares of NASDAQ:PLTR opened at $69.53 on Thursday. The company has a market cap of $158.39 billion, a P/E ratio of 347.67, a PEG ratio of 6.24 and a beta of 2.82. The business’s 50-day simple moving average is $69.70 and its 200 day simple moving average is $46.54. Palantir Technologies Inc. has a one year low of $16.03 and a one year 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 (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.01. The business had revenue of $725.52 million for the quarter, compared to analyst estimates of $705.11 million. Palantir Technologies had a return on equity of 9.94% and a net margin of 18.01%. The business’s revenue 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. Analysts predict that Palantir Technologies Inc. will post 0.2 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have commented on PLTR shares. Wedbush upped their price objective on Palantir Technologies from $57.00 to $75.00 and gave the company an “outperform” rating in a research note on Monday, November 25th. DA Davidson raised their price target on Palantir Technologies from $28.00 to $47.00 and gave the company a “neutral” rating in a report on Tuesday, November 5th. Bank of America raised their price objective on Palantir Technologies from $55.00 to $75.00 and gave the company a “buy” rating in a research note on Monday, November 25th. Raymond James cut shares of Palantir Technologies from an “outperform” rating to a “market perform” rating in a research note on Monday, September 23rd. Finally, Mizuho increased their price objective on Palantir Technologies from $37.00 to $44.00 and gave the company an “underperform” rating in a research note on Friday, December 13th. Seven equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $42.12.

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, insider Alexander C. Karp sold 3,337,048 shares of the business’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $45.02, for a total value of $150,233,900.96. Following the sale, the insider now directly owns 6,432,258 shares in the company, valued at approximately $289,580,255.16. The trade was a 34.16 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Ryan D. Taylor sold 123,334 shares of the business’s stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $45.00, for a total transaction of $5,550,030.00. Following the completion of the sale, the insider now owns 331,369 shares in the company, valued at $14,911,605. The trade was a 27.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 23,642,189 shares of company stock worth $1,444,232,453. 12.93% of the stock is owned by company insiders.

Palantir Technologies Profile

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.