SJS Investment Consulting Inc. Has $576,000 Stock Holdings in Palantir Technologies Inc. (NASDAQ:PLTR)

SJS Investment Consulting Inc. lifted its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 38.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,618 shares of the company’s stock after buying an additional 2,116 shares during the period. SJS Investment Consulting Inc.’s holdings in Palantir Technologies were worth $576,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of PLTR. Linden Thomas Advisory Services LLC raised its stake in Palantir Technologies by 7.6% during the fourth quarter. Linden Thomas Advisory Services LLC now owns 61,397 shares of the company’s stock worth $4,643,000 after acquiring an additional 4,327 shares in the last quarter. Geneos Wealth Management Inc. grew its holdings in shares of Palantir Technologies by 1.4% during the 4th quarter. Geneos Wealth Management Inc. now owns 14,406 shares of the company’s stock valued at $1,090,000 after purchasing an additional 196 shares during the last quarter. Accel Wealth Management increased its position in Palantir Technologies by 6.3% during the 4th quarter. Accel Wealth Management now owns 19,542 shares of the company’s stock worth $1,478,000 after purchasing an additional 1,151 shares in the last quarter. AM Investment Strategies LLC bought a new position in Palantir Technologies in the 4th quarter valued at approximately $262,000. Finally, McGuire Investment Group LLC boosted its position in Palantir Technologies by 35.1% in the fourth quarter. McGuire Investment Group LLC now owns 212,742 shares of the company’s stock valued at $16,090,000 after buying an additional 55,330 shares in the last quarter. 45.65% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently issued reports on PLTR shares. The Goldman Sachs Group upped their price target on shares of Palantir Technologies from $16.00 to $41.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. UBS Group started coverage on Palantir Technologies in a report on Thursday, December 19th. They issued a “neutral” rating and a $80.00 target price for the company. William Blair reissued an “underperform” rating on shares of Palantir Technologies in a research note on Wednesday, December 18th. Jefferies Financial Group downgraded Palantir Technologies from a “hold” rating to an “underperform” rating and set a $28.00 price objective for the company. in a research note on Thursday, November 7th. Finally, DA Davidson lifted their target price 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. Seven equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Palantir Technologies presently has an average rating of “Hold” and a consensus target price of $44.61.

Palantir Technologies Price Performance

NASDAQ PLTR opened at $78.98 on Friday. The stock has a market capitalization of $179.92 billion, a P/E ratio of 394.92, a P/E/G ratio of 7.08 and a beta of 2.82. The business has a 50 day simple moving average of $71.96 and a 200 day simple moving average of $48.89. Palantir Technologies Inc. has a one year low of $16.03 and a one year 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 the consensus estimate of $0.09 by $0.01. The company had revenue of $725.52 million during the quarter, compared to the consensus estimate of $705.11 million. Palantir Technologies had a net margin of 18.01% and a return on equity of 9.94%. The company’s quarterly revenue was up 30.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.03 EPS. Equities analysts expect that Palantir Technologies Inc. will post 0.2 earnings per share for the current year.

Insider Activity

In related news, Director Alexandra W. Schiff sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $71.63, for a total value of $286,520.00. Following the transaction, the director now owns 195,393 shares of the company’s stock, valued at approximately $13,996,000.59. This trade represents a 2.01 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Lauren Elaina Friedman Stat sold 8,054 shares of the stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $50.49, for a total transaction of $406,646.46. Following the completion of the sale, the director now owns 130,250 shares of the company’s stock, valued at approximately $6,576,322.50. This represents a 5.82 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 23,518,855 shares of company stock worth $1,438,682,423. Company insiders own 12.93% of the company’s stock.

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.