Family Management Corp Makes New $204,000 Investment in Palantir Technologies Inc. (NASDAQ:PLTR)

Family Management Corp bought a new stake in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 2,701 shares of the company's stock, valued at approximately $204,000.

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

Palantir Technologies Stock Down 1.5 %

Shares of NASDAQ:PLTR traded down $1.79 during midday trading on Friday, reaching $117.36. The company's stock had a trading volume of 80,786,187 shares, compared to its average volume of 75,877,287. The firm has a market cap of $275.25 billion, a price-to-earnings ratio of 617.72, a price-to-earnings-growth ratio of 10.84 and a beta of 2.68. The business has a 50 day moving average price of $94.23 and a 200 day moving average price of $81.99. Palantir Technologies Inc. has a 1 year low of $20.50 and a 1 year high of $125.41.

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, meeting the consensus estimate of $0.13. Palantir Technologies had a return on equity of 6.85% and a net margin of 16.13%. The company had revenue of $883.86 million during the quarter, compared to analysts' expectations of $863.89 million. During the same quarter in the previous year, the business earned $0.08 EPS. The firm's revenue was up 39.4% on a year-over-year basis. Sell-side analysts anticipate that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

Insider Buying and Selling at Palantir Technologies

In other news, insider Heather A. Planishek sold 13,891 shares of Palantir Technologies stock in a transaction dated 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 transaction, the insider now directly owns 512,006 shares of the company's stock, valued at $59,372,215.76. The trade was a 2.64 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Stephen Andrew Cohen sold 1,250,000 shares of the stock in a transaction that occurred 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 sale, the insider now directly owns 592 shares of the company's stock, valued at approximately $48,988. This trade represents a 99.95 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,978,181 shares of company stock worth $252,115,667 in the last quarter. 9.23% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research analysts recently weighed in on PLTR shares. Cantor Fitzgerald upped their price objective on Palantir Technologies from $98.00 to $110.00 and gave the stock a "neutral" rating in a report on Tuesday. Loop Capital increased their price target on shares of Palantir Technologies from $125.00 to $130.00 and gave the company a "buy" rating in a report on Tuesday. Wedbush set a $140.00 price objective on shares of Palantir Technologies and gave the stock an "outperform" rating in a report on Tuesday. Robert W. Baird increased their target price on shares of Palantir Technologies from $70.00 to $100.00 and gave the company a "neutral" rating in a report on Tuesday, February 4th. Finally, Northland Securities boosted their price target on Palantir Technologies from $38.00 to $80.00 and gave the stock a "market perform" rating in a research note on Tuesday, February 4th. Five investment 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. Based on data from MarketBeat.com, Palantir Technologies currently has an average rating of "Hold" and an average price target of $83.95.

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.