Arta Finance Wealth Management LLC Makes New Investment in Palantir Technologies Inc. $PLTR

Arta Finance Wealth Management LLC purchased a new stake in shares of Palantir Technologies Inc. (NASDAQ:PLTRFree Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 8,518 shares of the company’s stock, valued at approximately $1,514,000. Palantir Technologies comprises approximately 0.8% of Arta Finance Wealth Management LLC’s portfolio, making the stock its 22nd biggest holding.

A number of other hedge funds have also recently modified their holdings of the company. Bare Financial Services Inc raised its stake 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 purchasing an additional 55 shares during the period. Delos Wealth Advisors LLC acquired a new position in Palantir Technologies in the 2nd quarter valued at about $29,000. Zeit Capital LLC purchased a new stake in shares of Palantir Technologies in the 2nd quarter valued at approximately $30,000. Financial Consulate Inc. acquired a new stake in shares of Palantir Technologies during the 3rd quarter worth approximately $30,000. Finally, Retirement Wealth Solutions LLC acquired a new stake in shares of Palantir Technologies during the 3rd quarter worth approximately $31,000. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Insider Buying and Selling at Palantir Technologies

In related news, insider Shyam Sankar sold 168,004 shares of the company’s 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 sale, the insider directly owned 642,786 shares of the company’s stock, valued at $85,953,343.92. This represents a 20.72% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jeffrey Buckley sold 1,232 shares of the company’s stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $129.08, for a total transaction of $159,026.56. Following the sale, the insider directly owned 43,108 shares in the company, valued at approximately $5,564,380.64. The trade was a 2.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 1,029,879 shares of company stock valued at $137,746,253. Corporate insiders own 9.23% of the company’s stock.

Key Headlines Impacting Palantir Technologies

Here are the key news stories impacting Palantir Technologies this week:

Palantir Technologies Stock Performance

PLTR stock opened at $148.46 on Friday. The company has a market capitalization of $355.07 billion, a PE ratio of 235.65, a P/E/G ratio of 2.94 and a beta of 1.68. Palantir Technologies Inc. has a 12-month low of $66.12 and a 12-month high of $207.52. The business’s fifty day moving average price is $145.80 and its 200 day moving average price is $167.71.

Palantir Technologies (NASDAQ:PLTRGet Free Report) last announced its earnings results on Monday, February 2nd. The company reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.02. The company had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.34 billion. Palantir Technologies had a return on equity of 23.81% and a net margin of 36.31%.Palantir Technologies’s revenue for the quarter was up 70.0% on a year-over-year basis. During the same period last year, the business posted $0.14 EPS. Research analysts predict that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Analyst Ratings Changes

PLTR has been the topic of a number of recent analyst reports. Mizuho upgraded Palantir Technologies from a “neutral” rating to an “outperform” rating and set a $195.00 price objective on the stock in a report on Wednesday, February 18th. Cantor Fitzgerald reissued a “neutral” rating on shares of Palantir Technologies in a research note on Tuesday, February 3rd. Weiss Ratings downgraded Palantir Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, January 15th. DA Davidson decreased their price target on Palantir Technologies from $215.00 to $180.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 3rd. Finally, Wedbush reiterated an “outperform” rating and set a $230.00 price target on shares of Palantir Technologies in a report on Monday, March 16th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $197.77.

View Our Latest Report on PLTR

Palantir Technologies Company Profile

(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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