Ellerson Group Inc. ADV Makes New Investment in Palantir Technologies Inc. (NYSE:PLTR)

Ellerson Group Inc. ADV bought a new stake in shares of Palantir Technologies Inc. (NYSE:PLTR) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 169,970 shares of the company’s stock, valued at approximately $2,918,000. Palantir Technologies makes up about 2.5% of Ellerson Group Inc. ADV’s portfolio, making the stock its 19th largest position.

Several other institutional investors have also modified their holdings of PLTR. Truvestments Capital LLC grew its holdings in Palantir Technologies by 74.9% during the 3rd quarter. Truvestments Capital LLC now owns 1,635 shares of the company’s stock worth $26,000 after acquiring an additional 700 shares in the last quarter. Pacifica Partners Inc. bought a new stake in shares of Palantir Technologies in the 4th quarter valued at approximately $27,000. GAMMA Investing LLC bought a new position in Palantir Technologies during the fourth quarter worth $33,000. Provence Wealth Management Group bought a new position in Palantir Technologies during the third quarter worth $34,000. Finally, Glass Jacobson Investment Advisors llc bought a new stake in Palantir Technologies during the third quarter valued at $35,000. Institutional investors and hedge funds own 45.65% of the company’s stock.

Palantir Technologies Stock Up 3.5 %

NYSE:PLTR traded up $0.78 during trading hours on Friday, reaching $23.33. 55,976,409 shares of the company’s stock were exchanged, compared to its average volume of 32,383,440. The company has a market capitalization of $51.62 billion, a P/E ratio of 259.25, a price-to-earnings-growth ratio of 5.53 and a beta of 2.76. Palantir Technologies Inc. has a 12 month low of $7.28 and a 12 month high of $27.50. The business’s 50-day simple moving average is $23.36 and its two-hundred day simple moving average is $20.22.

Palantir Technologies (NYSE:PLTR) last issued its earnings results on Monday, February 5th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). Palantir Technologies had a return on equity of 6.17% and a net margin of 9.43%. The company had revenue of $608.35 million during the quarter, compared to analyst estimates of $603.48 million. As a group, sell-side analysts anticipate that Palantir Technologies Inc. will post 0.16 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Peter Thiel sold 7,044,756 shares of the stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $24.79, for a total value of $174,639,501.24. Following the completion of the sale, the director now owns 70,806,432 shares in the company, valued at $1,755,291,449.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Palantir Technologies news, Director Peter Thiel sold 7,044,756 shares of Palantir Technologies stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $24.79, for a total transaction of $174,639,501.24. Following the transaction, the director now owns 70,806,432 shares of the company’s stock, valued at approximately $1,755,291,449.28. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Ryan D. Taylor sold 120,000 shares of the stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $22.00, for a total transaction of $2,640,000.00. Following the completion of the sale, the insider now directly owns 181,460 shares of the company’s stock, valued at $3,992,120. The disclosure for this sale can be found here. In the last quarter, insiders have sold 7,476,273 shares of company stock worth $184,783,602. Company insiders own 13.96% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. HSBC lowered shares of Palantir Technologies from a “buy” rating to a “hold” rating and set a $22.00 price target on the stock. in a research note on Wednesday, February 14th. Royal Bank of Canada reiterated an “underperform” rating and set a $5.00 price target on shares of Palantir Technologies in a research report on Tuesday, February 6th. Bank of America lifted their price objective on shares of Palantir Technologies from $24.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. Wedbush restated an “outperform” rating and set a $35.00 price target (up from $30.00) on shares of Palantir Technologies in a research report on Friday, March 8th. Finally, Monness Crespi & Hardt upgraded shares of Palantir Technologies from a “sell” rating to a “neutral” rating in a report on Friday, April 26th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price 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.