Bridgeway Capital Management LLC Makes New Investment in Palantir Technologies Inc. (NASDAQ:PLTR)

Bridgeway Capital Management LLC acquired a new stake in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 59,200 shares of the company's stock, valued at approximately $4,477,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Roxbury Financial LLC purchased a new position in Palantir Technologies in the 4th quarter worth approximately $27,000. First PREMIER Bank purchased a new position in shares of Palantir Technologies in the fourth quarter valued at $28,000. Wolff Wiese Magana LLC grew its holdings in Palantir Technologies by 230.4% during the 4th quarter. Wolff Wiese Magana LLC now owns 380 shares of the company's stock valued at $29,000 after purchasing an additional 265 shares in the last quarter. HighMark Wealth Management LLC increased its stake in Palantir Technologies by 73.5% during the 4th quarter. HighMark Wealth Management LLC now owns 392 shares of the company's stock worth $30,000 after buying an additional 166 shares during the period. Finally, Sierra Ocean LLC acquired a new position in Palantir Technologies in the 4th quarter worth $31,000. Institutional investors and hedge funds own 45.65% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Wedbush set a $140.00 target price on Palantir Technologies and gave the company an "outperform" rating in a research note on Tuesday. Mizuho lifted their price objective on Palantir Technologies from $80.00 to $94.00 and gave the stock an "underperform" rating in a report on Tuesday. Robert W. Baird increased their target price on Palantir Technologies from $70.00 to $100.00 and gave the company a "neutral" rating in a research note on Tuesday, February 4th. Citigroup lifted their price target on shares of Palantir Technologies from $42.00 to $110.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 5th. Finally, Cantor Fitzgerald increased their price objective on shares of Palantir Technologies from $98.00 to $110.00 and gave the company a "neutral" rating in a research note on Tuesday. Five research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $83.70.

Palantir Technologies Price Performance

Shares of PLTR opened at $110.43 on Thursday. Palantir Technologies Inc. has a 12 month low of $20.50 and a 12 month high of $125.41. The stock has a fifty day moving average price of $92.85 and a 200 day moving average price of $80.95. The company has a market cap of $259.00 billion, a P/E ratio of 581.24, a PEG ratio of 10.84 and a beta of 2.68.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last released its quarterly earnings results on Monday, May 5th. The company reported $0.13 EPS for the quarter, hitting the consensus estimate of $0.13. The business had revenue of $883.86 million during the quarter, compared to analyst estimates of $863.89 million. Palantir Technologies had a net margin of 16.13% and a return on equity of 6.85%. The company's quarterly revenue was up 39.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.08 earnings per share. As a group, research analysts anticipate that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Insider Buying and Selling at Palantir Technologies

In other news, insider Heather A. Planishek sold 13,891 shares of the stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $115.96, for a total value of $1,610,800.36. Following the completion of the transaction, the insider now owns 512,006 shares of the company's stock, valued at approximately $59,372,215.76. This represents a 2.64 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Alexandra W. Schiff sold 6,776 shares of Palantir Technologies stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $86.63, for a total transaction of $587,004.88. Following the sale, the director now owns 184,617 shares in the company, valued at approximately $15,993,370.71. This represents a 3.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 2,978,181 shares of company stock worth $252,115,667. 12.93% of the stock is owned by company insiders.

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.

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