Cambridge Investment Research Advisors Inc. Boosts Stake in Palantir Technologies Inc. (NASDAQ:PLTR)

Cambridge Investment Research Advisors Inc. boosted its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 1.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,278,991 shares of the company's stock after buying an additional 12,762 shares during the period. Cambridge Investment Research Advisors Inc. owned approximately 0.06% of Palantir Technologies worth $96,730,000 as of its most recent filing with the SEC.

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

Insider Buying and Selling

In related news, insider Stephen Andrew Cohen sold 1,250,000 shares of the company's stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $82.75, for a total transaction of $103,437,500.00. Following the completion of the sale, the insider now owns 592 shares in the company, valued at approximately $48,988. This represents a 99.95 % decrease in their ownership of the stock. The transaction 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 800 shares of the firm's stock in a transaction that occurred on Thursday, April 3rd. The stock was sold at an average price of $81.25, for a total transaction of $65,000.00. Following the completion of the transaction, the director now directly owns 61,339 shares in the company, valued at approximately $4,983,793.75. The trade was a 1.29 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,978,181 shares of company stock worth $252,115,667. 12.93% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on PLTR. The Goldman Sachs Group raised their target price on shares of Palantir Technologies from $80.00 to $90.00 and gave the company a "neutral" rating in a research note on Tuesday. Daiwa Capital Markets started coverage on Palantir Technologies in a research note on Tuesday, April 1st. They set a "neutral" rating and a $90.00 target price for the company. UBS Group boosted their target price on Palantir Technologies from $105.00 to $110.00 and gave the stock a "neutral" rating in a report on Tuesday. Robert W. Baird raised their price target on Palantir Technologies from $70.00 to $100.00 and gave the company a "neutral" rating in a report on Tuesday, February 4th. Finally, Royal Bank of Canada reissued an "underperform" rating on shares of Palantir Technologies in a research report on Tuesday. Five equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $83.95.

Palantir Technologies Trading Up 8.0 %

Shares of NASDAQ:PLTR traded up $8.84 during trading on Thursday, reaching $119.32. 126,591,388 shares of the company traded hands, compared to its average volume of 75,769,561. The business's fifty day moving average is $92.85 and its 200-day moving average is $80.95. Palantir Technologies Inc. has a 52-week low of $20.50 and a 52-week high of $125.41. The firm has a market capitalization of $279.85 billion, a price-to-earnings ratio of 628.04, a P/E/G 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 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.13. The company had revenue of $883.86 million during the quarter, compared to the consensus estimate of $863.89 million. Palantir Technologies had a net margin of 16.13% and a return on equity of 6.85%. Palantir Technologies's revenue was up 39.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.08 earnings per share. On average, sell-side analysts predict that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

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.