Collar Capital Management LLC Purchases Shares of 47,536 Palantir Technologies Inc. (NASDAQ:PLTR)

Collar Capital Management LLC acquired a new position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 47,536 shares of the company's stock, valued at approximately $3,595,000. Palantir Technologies makes up about 3.0% of Collar Capital Management LLC's portfolio, making the stock its 6th largest position.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. World Investment Advisors LLC bought a new position in Palantir Technologies during the third quarter valued at $347,000. Franklin Resources Inc. lifted its holdings in shares of Palantir Technologies by 102.3% in the 3rd quarter. Franklin Resources Inc. now owns 171,653 shares of the company's stock valued at $6,385,000 after acquiring an additional 86,793 shares during the last quarter. Principal Financial Group Inc. grew its position in Palantir Technologies by 226.2% in the third quarter. Principal Financial Group Inc. now owns 2,839,680 shares of the company's stock worth $105,636,000 after acquiring an additional 1,969,213 shares in the last quarter. Bank of New Hampshire increased its stake in Palantir Technologies by 25.9% during the fourth quarter. Bank of New Hampshire now owns 2,015 shares of the company's stock worth $152,000 after acquiring an additional 415 shares during the last quarter. Finally, Regent Peak Wealth Advisors LLC purchased a new stake in Palantir Technologies during the fourth quarter valued at approximately $325,000. 45.65% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Morgan Stanley lifted their target price on Palantir Technologies from $90.00 to $98.00 and gave the stock an "equal weight" rating in a report on Tuesday. Bank of America boosted their price objective on shares of Palantir Technologies from $90.00 to $125.00 and gave the company a "buy" rating in a research report on Tuesday, February 4th. Royal Bank of Canada restated an "underperform" rating and issued a $40.00 target price on shares of Palantir Technologies in a report on Tuesday, April 29th. Deutsche Bank Aktiengesellschaft reiterated a "sell" rating on shares of Palantir Technologies in a report on Tuesday. Finally, Robert W. Baird raised their price target on Palantir Technologies from $70.00 to $100.00 and gave the stock a "neutral" rating in a research note on Tuesday, February 4th. Five research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $80.81.

Insider Transactions at Palantir Technologies

In other Palantir Technologies news, insider Stephen Andrew Cohen sold 1,250,000 shares of the stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $82.75, for a total value of $103,437,500.00. Following the completion of the sale, the insider now directly owns 592 shares in the company, valued at approximately $48,988. This trade represents a 99.95 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Ryan D. Taylor sold 98,177 shares of the business's stock in a transaction dated Monday, March 31st. The stock was sold at an average price of $82.80, for a total value of $8,129,055.60. Following the sale, the insider now owns 403,171 shares in the company, valued at $33,382,558.80. The trade was a 19.58 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 2,978,181 shares of company stock valued at $252,115,667 in the last quarter. 12.93% of the stock is currently owned by corporate insiders.

Palantir Technologies Stock Performance

Shares of Palantir Technologies stock opened at $108.86 on Wednesday. The company has a market capitalization of $255.32 billion, a PE ratio of 572.98, a P/E/G ratio of 10.84 and a beta of 2.68. The company has a 50-day simple moving average of $92.34 and a two-hundred day simple moving average of $80.74. Palantir Technologies Inc. has a one year low of $20.50 and a one year high of $125.41.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last posted its quarterly earnings data on Monday, May 5th. The company reported $0.13 EPS for the quarter, hitting the consensus estimate of $0.13. The firm 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%. Palantir Technologies's revenue was up 39.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.08 EPS. On average, equities analysts predict that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

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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