Capital A Wealth Management LLC Invests $180,000 in Palantir Technologies Inc. (NASDAQ:PLTR)

Capital A Wealth Management LLC acquired a new stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 2,386 shares of the company's stock, valued at approximately $180,000.

Several other institutional investors and hedge funds have also bought and sold shares of PLTR. Tallon Kerry Patrick acquired a new stake in Palantir Technologies during the 4th quarter valued at approximately $289,000. Cornerstone Wealth Management LLC lifted its stake in shares of Palantir Technologies by 161.6% in the 4th quarter. Cornerstone Wealth Management LLC now owns 7,327 shares of the company's stock valued at $554,000 after purchasing an additional 19,227 shares during the period. RFG Advisory LLC lifted its stake in shares of Palantir Technologies by 45.9% in the 4th quarter. RFG Advisory LLC now owns 10,365 shares of the company's stock valued at $784,000 after purchasing an additional 3,259 shares during the period. Geneos Wealth Management Inc. lifted its stake in shares of Palantir Technologies by 1.4% in the 4th quarter. Geneos Wealth Management Inc. now owns 14,406 shares of the company's stock valued at $1,090,000 after purchasing an additional 196 shares during the period. Finally, CFS Investment Advisory Services LLC acquired a new position in shares of Palantir Technologies in the 4th quarter valued at $394,000. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, insider Ryan D. Taylor sold 35,480 shares of the company's stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $126.39, for a total value of $4,484,317.20. Following the transaction, the insider now owns 367,691 shares of the company's stock, valued at $46,472,465.49. This represents a 8.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Jeffrey Buckley sold 1,708 shares of the company's stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $126.39, for a total transaction of $215,874.12. Following the completion of the transaction, the insider now directly owns 34,468 shares in the company, valued at $4,356,410.52. The trade was a 4.72% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 3,901,701 shares of company stock valued at $370,407,533 over the last 90 days. 9.23% of the stock is owned by insiders.

Palantir Technologies Price Performance

Shares of PLTR traded down $0.09 during mid-day trading on Thursday, reaching $123.67. The stock had a trading volume of 43,082,320 shares, compared to its average volume of 77,926,372. Palantir Technologies Inc. has a 52-week low of $20.64 and a 52-week high of $133.49. The business's fifty day moving average is $104.78 and its 200 day moving average is $88.97. The firm has a market cap of $290.04 billion, a price-to-earnings ratio of 651.00, a P/E/G ratio of 10.84 and a beta of 2.68.

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

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Cantor Fitzgerald boosted their target price on shares of Palantir Technologies from $98.00 to $110.00 and gave the company a "neutral" rating in a research note on Tuesday, May 6th. Bank of America boosted their target price on shares of Palantir Technologies from $90.00 to $125.00 and gave the company a "buy" rating in a research note on Tuesday, February 4th. UBS Group boosted their target price on shares of Palantir Technologies from $105.00 to $110.00 and gave the company a "neutral" rating in a research note on Tuesday, May 6th. Jefferies Financial Group upped their price objective on shares of Palantir Technologies from $28.00 to $60.00 and gave the stock an "underperform" rating in a research report on Tuesday, February 4th. Finally, DA Davidson upped their price objective on shares of Palantir Technologies from $100.00 to $115.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 6th. Five research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Palantir Technologies currently has a consensus 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.