4,100 Shares in Palantir Technologies Inc. (NASDAQ:PLTR) Acquired by Fonville Wealth Management LLC

Fonville Wealth Management LLC acquired a new stake in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) during the first quarter, according to its most recent filing with the SEC. The firm acquired 4,100 shares of the company's stock, valued at approximately $346,000.

A number of other hedge funds have also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of Palantir Technologies during the fourth quarter valued at $1,360,191,000. Geode Capital Management LLC lifted its position in Palantir Technologies by 8.6% during the 4th quarter. Geode Capital Management LLC now owns 52,074,232 shares of the company's stock valued at $3,929,401,000 after purchasing an additional 4,127,306 shares during the period. Wellington Management Group LLP boosted its stake in shares of Palantir Technologies by 504.0% in the 4th quarter. Wellington Management Group LLP now owns 4,682,230 shares of the company's stock valued at $354,117,000 after purchasing an additional 3,907,022 shares during the last quarter. Invesco Ltd. grew its position in shares of Palantir Technologies by 31.2% during the 4th quarter. Invesco Ltd. now owns 14,748,240 shares of the company's stock worth $1,115,409,000 after buying an additional 3,509,311 shares during the period. Finally, Capital World Investors bought a new stake in shares of Palantir Technologies during the fourth quarter worth approximately $253,816,000. 45.65% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Palantir Technologies news, insider Shyam Sankar sold 405,000 shares of the company's stock in a transaction that occurred on Tuesday, June 10th. The stock was sold at an average price of $132.08, for a total transaction of $53,492,400.00. Following the completion of the transaction, the insider owned 702,786 shares of the company's stock, valued at $92,823,974.88. This represents a 36.56% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider David A. Glazer sold 3,418 shares of the firm'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 $430,565.46. Following the transaction, the insider directly owned 492,079 shares of the company's stock, valued at $61,987,191.63. This represents a 0.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,451,497 shares of company stock valued at $186,110,685. Corporate insiders own 9.23% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on PLTR. Royal Bank Of Canada restated an "underperform" rating on shares of Palantir Technologies in a report on Tuesday, May 6th. Deutsche Bank Aktiengesellschaft restated a "sell" rating on shares of Palantir Technologies in a research report on Tuesday, May 6th. Daiwa America raised Palantir Technologies to a "hold" rating in a research note on Tuesday, April 1st. DA Davidson increased their target price on Palantir Technologies from $100.00 to $115.00 and gave the company a "neutral" rating in a research note on Tuesday, May 6th. Finally, UBS Group restated a "positive" rating on shares of Palantir Technologies in a report on Wednesday, June 25th. Five research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Palantir Technologies currently has an average rating of "Hold" and an average target price of $89.32.

Palantir Technologies Stock Down 0.4%

Palantir Technologies stock opened at $142.50 on Friday. The company has a 50 day moving average of $130.45 and a 200-day moving average of $103.25. Palantir Technologies Inc. has a twelve month low of $21.23 and a twelve month high of $148.22. The stock has a market capitalization of $336.29 billion, a PE ratio of 619.57, a price-to-earnings-growth ratio of 12.22 and a beta of 2.59.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last posted its quarterly earnings data on Monday, May 5th. The company reported $0.13 EPS for the quarter, meeting the consensus estimate of $0.13. The business had revenue of $883.86 million for the quarter, compared to analysts' expectations of $863.89 million. Palantir Technologies had a net margin of 18.32% and a return on equity of 6.55%. The firm's revenue was up 39.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.08 EPS. Equities analysts anticipate that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

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.

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