American Trust Invests $258,000 in Palantir Technologies Inc. (NASDAQ:PLTR)

American Trust purchased a new position in shares of 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 and Exchange Commission. The institutional investor purchased 3,405 shares of the company's stock, valued at approximately $258,000.

Other institutional investors have also added to or reduced their stakes in the company. Roxbury Financial LLC acquired a new stake in Palantir Technologies during the 4th quarter worth about $27,000. HighMark Wealth Management LLC raised its holdings in shares of Palantir Technologies by 73.5% during the fourth quarter. HighMark Wealth Management LLC now owns 392 shares of the company's stock valued at $30,000 after acquiring an additional 166 shares during the last quarter. Sierra Ocean LLC acquired a new stake in Palantir Technologies during the 4th quarter worth $31,000. R Squared Ltd purchased a new stake in Palantir Technologies during the 4th quarter valued at about $33,000. Finally, First Command Advisory Services Inc. acquired a new stake in shares of Palantir Technologies in the fourth quarter valued at approximately $34,000. Hedge funds and other institutional investors own 45.65% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on PLTR. Royal Bank of Canada reaffirmed an "underperform" rating on shares of Palantir Technologies in a research report on Tuesday, May 6th. Mizuho lifted their target price on Palantir Technologies from $80.00 to $94.00 and gave the company an "underperform" rating in a report on Tuesday, May 6th. UBS Group raised their price objective on shares of Palantir Technologies from $105.00 to $110.00 and gave the company a "neutral" rating in a report on Tuesday, May 6th. Northland Securities upped their price target on Palantir Technologies from $38.00 to $80.00 and gave the company a "market perform" rating in a report on Tuesday, February 4th. Finally, Morgan Stanley lifted their target price on Palantir Technologies from $90.00 to $98.00 and gave the stock an "equal weight" rating in a research report on Tuesday, May 6th. 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 stock. According to data from MarketBeat.com, Palantir Technologies presently has a consensus rating of "Hold" and an average target price of $83.95.

Palantir Technologies Trading Up 1.2%

NASDAQ:PLTR traded up $1.50 during mid-day trading on Friday, hitting $123.82. 103,990,247 shares of the company's stock traded hands, compared to its average volume of 78,336,634. The firm has a 50 day moving average of $105.30 and a two-hundred day moving average of $89.40. Palantir Technologies Inc. has a 12 month low of $21.01 and a 12 month high of $133.49. The firm has a market capitalization of $292.20 billion, a price-to-earnings ratio of 652.39, a price-to-earnings-growth ratio of 10.84 and a beta of 2.68.

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 analysts' consensus estimates 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 period last year, the business earned $0.08 earnings per share. The business's revenue was up 39.4% on a year-over-year basis. As a group, equities research analysts expect that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Insiders Place Their Bets

In other Palantir Technologies news, insider Alexander C. Karp sold 39,825 shares of the business's stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $125.97, for a total transaction of $5,016,755.25. Following the transaction, the insider now owns 6,432,258 shares of the company's stock, valued at $810,271,540.26. The trade was a 0.62% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Jeffrey Buckley sold 1,708 shares of the firm's stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of $126.39, for a total value of $215,874.12. Following the sale, the insider now directly owns 34,468 shares of the company's stock, valued at $4,356,410.52. This represents a 4.72% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 3,901,701 shares of company stock valued at $370,407,533. Company insiders own 9.23% of the company's stock.

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.