S.A. Mason LLC Bolsters Its Stake in Palantir Technologies

Investment firm S.A. Mason LLC has upped its investment in data analytics company Palantir Technologies Inc. (NYSE:PLTR), increasing its holdings by 42.2% during the 3rd quarter. Revelations from the latest Securities & Exchange Commission filings show that the firm now owns 16,845 shares following the purchase of an additional 5,000 shares in the reported period. This strategic move bolsters S.A. Mason LLC's stake in Palantir Technologies, with its investment valued at around $270,000 according to recent filings.

Hedge Funds' Interest in Palantir Technologies

Aside from S.A. Mason LLC, other hedge funds have been adjusting their positions in Palantir Technologies. Resurgent Financial Advisors LLC established a new holding in the 4th quarter worth about $28,000, while Howard Capital Management Group LLC made a new investment in the 2nd quarter, valued at roughly $38,000. Delta Asset Management LLC TN notably increased its stake by 6,625.0% in the same period, now holding shares worth $41,000. Additionally, both RFP Financial Group LLC and PCA Investment Advisory Services Inc. commenced new positions during the 2nd quarter, each investing approximately $42,000. Overall, hedge funds and other institutional investors own about 34.21% of Palantir Technologies' stock.

Insider Selling Activity

Recent transactions by company insiders have been a point of focus, with insider Stephen Andrew Cohen selling a substantial 500,000 shares on December 1st at an average price of $20.02 each, totaling a sale of over $10 million. After this transaction, Cohen still retains 592 shares, valued close to $11,852. Heather A. Planishek also executed a significant sale of 27,608 shares at $17.43 each on December 6th. Following her sale, Planishek holds over 712,000 shares, worth more than $12 million. Disclosures filed with the SEC detail these sales, and insiders have sold nearly 990,000 shares worth around $19.3 million in the past 90 days, with corporate insiders owning 13.96% of the company's stock.

Analysts' Views and Stock Performance

Various brokerage firms have voiced their outlook on Palantir Technologies' stock. Royal Bank of Canada has given an 'underperform' rating with a target price of $5.00. HSBC initiated coverage with a 'hold' rating and a $16.00 price target. Morgan Stanley downgraded the stock to 'underweight' but raised their price target from $8.00 to $9.00. Wedbush remains optimistic with an 'outperform' rating and a $25.00 price target, while TheStreet has upgraded the company from a 'd' to a 'c-' rating. Overall, the consensus among analysts is a 'Hold' with an average price target of $13.25.

About Palantir Technologies

Palantir Technologies Inc. specializes in creating software platforms for the U.S. intelligence community, aiding in counterterrorism efforts. Their primary platform, Palantir Gotham, is designed for uncovering hidden patterns within vast datasets and facilitating operational responses to threats.

As for their financial performance, Palantir Technologies reported higher than expected earnings per share in its last quarterly results, with a net margin of 6.93% and a rising return on equity at 2.72%. Analysts predict an EPS of $0.1 for the current year. The stock's recent performance shows it trading at $17.59 with a market cap of $38.28 billion. Its fifty-two-week range is between $5.84 and $21.85, indicating a notable fluctuation in its price.

Palantir, Investment, Stocks