Petros Family Wealth LLC Makes New $273,000 Investment in Palantir Technologies Inc. (NASDAQ:PLTR)

Petros Family Wealth LLC acquired a new position in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 3,236 shares of the company's stock, valued at approximately $273,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. YHB Investment Advisors Inc. grew its stake in shares of Palantir Technologies by 115.0% during the first quarter. YHB Investment Advisors Inc. now owns 8,438 shares of the company's stock valued at $712,000 after buying an additional 4,513 shares during the last quarter. Embree Financial Group boosted its holdings in Palantir Technologies by 6.0% during the 1st quarter. Embree Financial Group now owns 25,715 shares of the company's stock valued at $2,170,000 after acquiring an additional 1,449 shares during the period. Mascagni Wealth Management Inc. boosted its holdings in Palantir Technologies by 155.5% during the 1st quarter. Mascagni Wealth Management Inc. now owns 27,209 shares of the company's stock valued at $2,296,000 after acquiring an additional 16,560 shares during the period. E Fund Management Hong Kong Co. Ltd. grew its position in Palantir Technologies by 498.9% in the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 1,054 shares of the company's stock valued at $89,000 after acquiring an additional 878 shares during the last quarter. Finally, Legacy Advisors LLC increased its stake in Palantir Technologies by 39.1% in the first quarter. Legacy Advisors LLC now owns 7,781 shares of the company's stock worth $657,000 after purchasing an additional 2,186 shares during the period. 45.65% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Palantir Technologies news, Director Lauren Elaina Friedman Stat sold 800 shares of the stock in a transaction dated Thursday, April 3rd. The stock was sold at an average price of $81.25, for a total value of $65,000.00. Following the completion of the sale, the director now directly owns 61,339 shares in the company, valued at approximately $4,983,793.75. This trade represents a 1.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Ryan D. Taylor sold 98,177 shares of the firm's stock in a transaction dated Monday, March 31st. The stock was sold at an average price of $82.80, for a total value of $8,129,055.60. Following the completion of the sale, the insider now directly owns 403,171 shares of the company's stock, valued at approximately $33,382,558.80. This represents a 19.58% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,506,925 shares of company stock worth $188,456,658 in the last 90 days. 12.93% of the stock is owned by corporate insiders.

Palantir Technologies Trading Down 0.2%

Shares of NASDAQ:PLTR traded down $0.33 on Wednesday, reaching $142.90. The company had a trading volume of 61,226,838 shares, compared to its average volume of 81,189,468. The firm has a market capitalization of $337.23 billion, a PE ratio of 621.30, a PEG ratio of 11.94 and a beta of 2.64. Palantir Technologies Inc. has a 52-week low of $21.23 and a 52-week high of $147.59. The firm's 50 day simple moving average is $122.49 and its 200-day simple moving average is $98.22.

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 for the quarter, meeting analysts' consensus estimates of $0.13. The company had revenue of $883.86 million for the quarter, compared to the consensus estimate of $863.89 million. Palantir Technologies had a return on equity of 6.55% and a net margin of 18.32%. The firm's revenue for the quarter was up 39.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.08 earnings per share. As a group, equities research analysts predict that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Wall Street Analyst Weigh In

PLTR has been the subject of a number of recent analyst reports. UBS Group reissued a "positive" rating on shares of Palantir Technologies in a research note on Wednesday. Royal Bank Of Canada reaffirmed an "underperform" rating on shares of Palantir Technologies in a research note on Tuesday, May 6th. Deutsche Bank Aktiengesellschaft reissued a "sell" rating on shares of Palantir Technologies in a research report on Tuesday, May 6th. Wedbush set a $140.00 target price on shares of Palantir Technologies and gave the stock an "outperform" rating in a research note on Tuesday, May 6th. Finally, Daiwa America raised shares of Palantir Technologies to a "hold" rating in a research report on Tuesday, April 1st. Five analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $89.32.

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.