EPG Wealth Management LLC Takes Position in Palantir Technologies Inc. (NASDAQ:PLTR)

EPG Wealth Management LLC purchased a new stake in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 6,159 shares of the company's stock, valued at approximately $466,000.

Several other institutional investors and hedge funds also recently made changes to their positions in PLTR. Collar Capital Management LLC acquired a new stake in Palantir Technologies during the fourth quarter worth approximately $3,595,000. Colonial Trust Co SC grew its position in shares of Palantir Technologies by 200.9% during the 4th quarter. Colonial Trust Co SC now owns 1,333 shares of the company's stock worth $101,000 after buying an additional 890 shares during the period. CoreCap Advisors LLC increased its stake in shares of Palantir Technologies by 19.4% in the 4th quarter. CoreCap Advisors LLC now owns 39,963 shares of the company's stock valued at $3,022,000 after acquiring an additional 6,506 shares in the last quarter. Cornerstone Select Advisors LLC acquired a new position in shares of Palantir Technologies during the 4th quarter valued at $1,500,000. Finally, Corton Capital Inc. bought a new position in Palantir Technologies during the fourth quarter worth $635,000. Institutional investors and hedge funds own 45.65% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on PLTR shares. Bank of America upped their price objective on shares of Palantir Technologies from $90.00 to $125.00 and gave the company a "buy" rating in a report on Tuesday, February 4th. Morgan Stanley raised their price objective on Palantir Technologies from $90.00 to $98.00 and gave the company an "equal weight" rating in a research note on Tuesday. Citigroup upped their target price on Palantir Technologies from $110.00 to $115.00 and gave the stock a "neutral" rating in a research report on Thursday. Cantor Fitzgerald lifted their price target on shares of Palantir Technologies from $98.00 to $110.00 and gave the company a "neutral" rating in a research report on Tuesday. Finally, William Blair set a $84.00 price objective on shares of Palantir Technologies in a report on Wednesday, March 5th. Five 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. According to data from MarketBeat, Palantir Technologies presently has an average rating of "Hold" and a consensus target price of $83.95.

Insider Transactions at Palantir Technologies

In related news, Director Alexandra W. Schiff sold 6,776 shares of the business's stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $86.63, for a total transaction of $587,004.88. Following the completion of the transaction, the director now directly owns 184,617 shares in the company, valued at $15,993,370.71. The trade was a 3.54 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Stephen Andrew Cohen sold 1,250,000 shares of the firm's stock in a transaction dated 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 sale, the insider now directly owns 592 shares in the company, valued at approximately $48,988. The trade was a 99.95 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 2,978,181 shares of company stock valued at $252,115,667. 9.23% of the stock is currently owned by corporate insiders.

Palantir Technologies Trading Down 1.5 %

Shares of PLTR stock traded down $1.79 during trading on Friday, reaching $117.36. 80,786,187 shares of the company's stock traded hands, compared to its average volume of 75,877,276. Palantir Technologies Inc. has a 1 year low of $20.50 and a 1 year high of $125.41. The company has a market capitalization of $275.25 billion, a P/E ratio of 617.72, a PEG ratio of 10.84 and a beta of 2.68. The firm's 50-day moving average is $94.23 and its 200 day moving average is $81.99.

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

About Palantir Technologies

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.