Palantir Technologies Inc. (NASDAQ:PLTR) Shares Bought by Bank of New Hampshire

Bank of New Hampshire lifted its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 25.9% during the 4th quarter, HoldingsChannel reports. The firm owned 2,015 shares of the company’s stock after purchasing an additional 415 shares during the quarter. Bank of New Hampshire’s holdings in Palantir Technologies were worth $152,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Northwest Investment Counselors LLC purchased a new stake in Palantir Technologies in the 3rd quarter valued at $25,000. Prestige Wealth Management Group LLC boosted its position in shares of Palantir Technologies by 747.1% during the 3rd quarter. Prestige Wealth Management Group LLC now owns 737 shares of the company’s stock valued at $27,000 after acquiring an additional 650 shares during the last quarter. Kings Path Partners LLC purchased a new stake in shares of Palantir Technologies in the fourth quarter valued at about $76,000. Creekmur Asset Management LLC increased its position in Palantir Technologies by 46.0% during the third quarter. Creekmur Asset Management LLC now owns 1,063 shares of the company’s stock worth $40,000 after purchasing an additional 335 shares during the last quarter. Finally, Ritter Daniher Financial Advisory LLC DE boosted its holdings in Palantir Technologies by 47.5% in the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 1,180 shares of the company’s stock valued at $44,000 after purchasing an additional 380 shares during the last quarter. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Palantir Technologies Price Performance

PLTR stock opened at $69.99 on Wednesday. The business’s 50-day moving average is $67.40 and its two-hundred day moving average is $45.06. The firm has a market capitalization of $159.44 billion, a P/E ratio of 349.97, a P/E/G ratio of 10.18 and a beta of 2.82. Palantir Technologies Inc. has a 1 year low of $16.03 and a 1 year high of $84.80.

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

Insider Buying and Selling

In related news, Director Lauren Elaina Friedman Stat sold 7,321 shares of the company’s stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of $43.90, for a total value of $321,391.90. Following the completion of the transaction, the director now directly owns 138,304 shares of the company’s stock, valued at $6,071,545.60. This represents a 5.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Ryan D. Taylor sold 483,987 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $74.48, for a total transaction of $36,047,351.76. Following the sale, the insider now directly owns 170,273 shares in the company, valued at approximately $12,681,933.04. The trade was a 73.97 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 23,645,510 shares of company stock worth $1,444,267,325. Corporate insiders own 12.93% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on PLTR. DA Davidson raised their price target on shares of Palantir Technologies from $28.00 to $47.00 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. Robert W. Baird initiated coverage on Palantir Technologies in a research report on Thursday, December 12th. They issued a “neutral” rating and a $70.00 target price on the stock. UBS Group initiated coverage on Palantir Technologies in a research report on Thursday, December 19th. They set a “neutral” rating and a $80.00 price objective for the company. The Goldman Sachs Group upped their target price on shares of Palantir Technologies from $16.00 to $41.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Finally, Raymond James cut shares of Palantir Technologies from an “outperform” rating to a “market perform” rating in a research report on Monday, September 23rd. Seven analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $42.12.

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.