Requisite Capital Management LLC Makes New $843,000 Investment in Palantir Technologies Inc. (NASDAQ:PLTR)

Requisite Capital Management LLC purchased a new stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 11,149 shares of the company’s stock, valued at approximately $843,000.

A number of other hedge funds also recently modified their holdings of the business. 1834 Investment Advisors Co. acquired a new position in Palantir Technologies during the 4th quarter worth about $326,000. Embree Financial Group raised its position in shares of Palantir Technologies by 337.6% during the fourth quarter. Embree Financial Group now owns 24,266 shares of the company’s stock worth $1,835,000 after acquiring an additional 18,721 shares during the last quarter. Avaii Wealth Management LLC acquired a new position in shares of Palantir Technologies in the fourth quarter worth approximately $250,000. Affinity Wealth Management LLC boosted its holdings in Palantir Technologies by 0.9% in the fourth quarter. Affinity Wealth Management LLC now owns 124,443 shares of the company’s stock valued at $9,412,000 after acquiring an additional 1,165 shares during the last quarter. Finally, Vista Investment Partners LLC increased its position in Palantir Technologies by 4.6% during the 4th quarter. Vista Investment Partners LLC now owns 7,699 shares of the company’s stock valued at $582,000 after purchasing an additional 342 shares during the period. Institutional investors and hedge funds own 45.65% of the company’s stock.

Palantir Technologies Price Performance

PLTR opened at $78.98 on Friday. Palantir Technologies Inc. has a 1 year low of $16.03 and a 1 year high of $84.80. The company has a market capitalization of $179.92 billion, a price-to-earnings ratio of 394.92, a P/E/G ratio of 7.08 and a beta of 2.82. The firm’s fifty day moving average price is $71.96 and its two-hundred day moving average price is $49.04.

Palantir Technologies (NASDAQ:PLTR) last posted its quarterly earnings data on Monday, November 4th. The company reported $0.10 EPS for the quarter, beating the consensus estimate of $0.09 by $0.01. The firm had revenue of $725.52 million during the quarter, compared to analyst estimates of $705.11 million. Palantir Technologies had a net margin of 18.01% and a return on equity of 9.94%. The company’s revenue for the quarter was up 30.0% on a year-over-year basis. During the same quarter last year, the business posted $0.03 EPS. As a group, equities analysts anticipate that Palantir Technologies Inc. will post 0.2 EPS for the current year.

Wall Street Analysts Forecast Growth

PLTR has been the subject of a number of analyst reports. 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 note on Tuesday, November 5th. Wedbush raised their price objective on shares of Palantir Technologies from $75.00 to $90.00 and gave the stock an “outperform” rating in a research report on Thursday. Cantor Fitzgerald assumed coverage on shares of Palantir Technologies in a research report on Friday, January 17th. They set a “neutral” rating and a $72.00 target price on the stock. Jefferies Financial Group cut shares of Palantir Technologies from a “hold” rating to an “underperform” rating and set a $28.00 price target for the company. in a report on Thursday, November 7th. Finally, Morgan Stanley reiterated an “underweight” rating and set a $60.00 price objective on shares of Palantir Technologies in a report on Monday, January 6th. Seven equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $44.61.

Insider Buying and Selling at Palantir Technologies

In related news, Director Alexandra W. Schiff sold 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 7th. The stock was 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 in the company, valued at approximately $13,996,000.59. This represents a 2.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Lauren Elaina Friedman Stat sold 8,054 shares of the stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $50.49, for a total value of $406,646.46. Following the transaction, the director now directly owns 130,250 shares of the company’s stock, valued at approximately $6,576,322.50. This trade represents a 5.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 23,518,855 shares of company stock worth $1,438,682,423 in the last quarter. 12.93% of the stock is currently owned by company insiders.

Palantir Technologies Company 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.