2,386 Shares in Palantir Technologies Inc. (NASDAQ:PLTR) Acquired by Capital A Wealth Management LLC

Capital A Wealth Management LLC purchased a new position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 2,386 shares of the company's stock, valued at approximately $180,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Roxbury Financial LLC purchased a new stake in shares of Palantir Technologies during the 4th quarter worth about $27,000. 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 purchasing an additional 166 shares in the last quarter. Sierra Ocean LLC purchased a new stake in shares of Palantir Technologies during the 4th quarter worth about $31,000. R Squared Ltd purchased a new stake in shares of Palantir Technologies during the 4th quarter worth about $33,000. Finally, First Command Advisory Services Inc. purchased a new stake in shares of Palantir Technologies during the 4th quarter worth about $34,000. 45.65% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

PLTR has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft reissued a "sell" rating on shares of Palantir Technologies in a research note on Tuesday, May 6th. Daiwa Capital Markets assumed coverage on Palantir Technologies in a research note on Tuesday, April 1st. They issued a "neutral" rating and a $90.00 price objective on the stock. UBS Group lifted their price target on shares of Palantir Technologies from $105.00 to $110.00 and gave the company a "neutral" rating in a research report on Tuesday, May 6th. Royal Bank of Canada reaffirmed an "underperform" rating on shares of Palantir Technologies in a report on Tuesday, May 6th. Finally, Mizuho raised their target price on shares of Palantir Technologies from $80.00 to $94.00 and gave the company an "underperform" rating in a research note on Tuesday, May 6th. Five investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $83.95.

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, Director Alexandra W. Schiff sold 6,776 shares of Palantir Technologies stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $86.63, for a total value of $587,004.88. Following the completion of the transaction, the director now owns 184,617 shares in the company, valued at approximately $15,993,370.71. The trade was a 3.54% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Stephen Andrew Cohen sold 1,250,000 shares of Palantir Technologies stock in a transaction 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 owns 592 shares of the company's stock, valued at approximately $48,988. The trade was a 99.95% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 3,901,701 shares of company stock worth $370,407,533. 9.23% of the stock is currently owned by insiders.

Palantir Technologies Trading Up 0.1%

PLTR stock traded up $0.08 during trading on Tuesday, hitting $123.39. 86,177,009 shares of the stock traded hands, compared to its average volume of 77,906,130. The stock has a market cap of $289.39 billion, a price-to-earnings ratio of 649.46, a P/E/G ratio of 10.84 and a beta of 2.68. Palantir Technologies Inc. has a one year low of $20.64 and a one year high of $133.49. The company has a 50 day simple moving average of $103.41 and a 200 day simple moving average of $88.49.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last issued its quarterly earnings data on Monday, May 5th. The company reported $0.13 earnings per share (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 firm had revenue of $883.86 million during the quarter, compared to the consensus estimate of $863.89 million. During the same quarter in the previous year, the company posted $0.08 EPS. The business's revenue for the quarter was up 39.4% compared to the same quarter last year. As a group, analysts predict that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

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.