EP Wealth Advisors LLC Purchases 8,886 Shares of Palantir Technologies Inc. (NASDAQ:PLTR)

EP Wealth Advisors LLC boosted its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 44.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 28,959 shares of the company's stock after buying an additional 8,886 shares during the period. EP Wealth Advisors LLC's holdings in Palantir Technologies were worth $2,190,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Roxbury Financial LLC purchased a new stake in Palantir Technologies during the fourth quarter valued at $27,000. First PREMIER Bank purchased a new stake in shares of Palantir Technologies during the 4th quarter valued at about $28,000. Wolff Wiese Magana LLC raised its position in shares of 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 buying an additional 265 shares in the last quarter. HighMark Wealth Management LLC lifted its holdings in shares of Palantir Technologies by 73.5% in the 4th quarter. HighMark Wealth Management LLC now owns 392 shares of the company's stock valued at $30,000 after acquiring an additional 166 shares during the last quarter. Finally, Sierra Ocean LLC purchased a new position in Palantir Technologies in the fourth quarter worth about $31,000. Institutional investors own 45.65% of the company's stock.

Insider Transactions at Palantir Technologies

In related news, insider Stephen Andrew Cohen sold 1,250,000 shares of the stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $82.75, for a total value of $103,437,500.00. Following the completion of the transaction, the insider now directly owns 592 shares of the company's stock, valued at $48,988. This trade represents a 99.95 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Heather A. Planishek sold 13,891 shares of Palantir Technologies stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $115.96, for a total transaction of $1,610,800.36. Following the completion of the sale, the insider now owns 512,006 shares of the company's stock, valued at $59,372,215.76. This trade represents a 2.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 2,978,181 shares of company stock valued at $252,115,667. Corporate insiders own 12.93% of the company's stock.

Palantir Technologies Trading Up 8.0 %

Shares of NASDAQ PLTR opened at $119.32 on Friday. The stock has a market capitalization of $279.85 billion, a PE ratio of 628.04, a price-to-earnings-growth ratio of 10.84 and a beta of 2.68. Palantir Technologies Inc. has a 12-month low of $20.50 and a 12-month high of $125.41. The stock's fifty day simple moving average is $93.57 and its two-hundred day simple moving average is $81.48.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last posted its earnings results on Monday, May 5th. The company reported $0.13 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.13. The company had revenue of $883.86 million for the quarter, compared to analyst estimates of $863.89 million. Palantir Technologies had a return on equity of 6.85% and a net margin of 16.13%. The firm's quarterly revenue was up 39.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.08 earnings per share. On average, equities analysts predict that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on PLTR. Mizuho raised their price objective on Palantir Technologies from $80.00 to $94.00 and gave the company an "underperform" rating in a research note on Tuesday. Daiwa Capital Markets initiated coverage on shares of Palantir Technologies in a research note on Tuesday, April 1st. They set a "neutral" rating and a $90.00 price objective for the company. Royal Bank of Canada reissued an "underperform" rating on shares of Palantir Technologies in a research note on Tuesday. Daiwa America raised shares of Palantir Technologies to a "hold" rating in a research note on Tuesday, April 1st. Finally, Morgan Stanley increased their price objective on shares of Palantir Technologies from $90.00 to $98.00 and gave the stock an "equal weight" rating in a research report on Tuesday. Five investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $83.95.

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.

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