4,595 Shares in Palantir Technologies Inc. (NASDAQ:PLTR) Acquired by Transcend Capital Advisors LLC

Transcend Capital Advisors LLC purchased a new stake in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 4,595 shares of the company's stock, valued at approximately $388,000.

A number of other hedge funds have also made changes to their positions in the business. Assenagon Asset Management S.A. lifted its stake in shares of Palantir Technologies by 15.0% during the first quarter. Assenagon Asset Management S.A. now owns 49,651 shares of the company's stock worth $4,191,000 after purchasing an additional 6,479 shares in the last quarter. Pitcairn Co. purchased a new position in shares of Palantir Technologies in the fourth quarter valued at $281,000. Sagespring Wealth Partners LLC grew its holdings in Palantir Technologies by 36.3% during the 1st quarter. Sagespring Wealth Partners LLC now owns 24,054 shares of the company's stock valued at $2,030,000 after purchasing an additional 6,405 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new stake in Palantir Technologies during the 4th quarter worth $52,033,000. Finally, CX Institutional acquired a new stake in shares of Palantir Technologies during the first quarter valued at about $62,000. Hedge funds and other institutional investors own 45.65% of the company's stock.

Palantir Technologies Stock Performance

Palantir Technologies stock opened at $130.74 on Monday. The firm has a market capitalization of $308.53 billion, a P/E ratio of 568.43, a P/E/G ratio of 11.16 and a beta of 2.64. The company has a 50-day simple moving average of $125.24 and a 200-day simple moving average of $99.81. Palantir Technologies Inc. has a one year low of $21.23 and a one year high of $148.22.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last announced its quarterly earnings results on Monday, May 5th. The company reported $0.13 EPS for the quarter, meeting the consensus estimate of $0.13. The company had revenue of $883.86 million for the quarter, compared to analyst estimates of $863.89 million. Palantir Technologies had a net margin of 18.32% and a return on equity of 6.55%. Palantir Technologies's revenue was up 39.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.08 earnings per share. As a group, sell-side analysts forecast that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Analyst Ratings Changes

Several research firms recently commented on PLTR. Royal Bank Of Canada reiterated an "underperform" rating on shares of Palantir Technologies in a research note on Tuesday, May 6th. DA Davidson lifted their price target on shares of Palantir Technologies from $100.00 to $115.00 and gave the stock a "neutral" rating in a research note on Tuesday, May 6th. William Blair set a $84.00 price target on shares of Palantir Technologies in a report on Wednesday, March 5th. UBS Group restated a "positive" rating on shares of Palantir Technologies in a research note on Wednesday. Finally, Wedbush set a $140.00 price objective on Palantir Technologies and gave the company an "outperform" rating in a report on Tuesday, May 6th. Five analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $89.32.

Insider Buying and Selling at Palantir Technologies

In related news, Director Lauren Elaina Friedman Stat sold 800 shares of the stock in a transaction dated Thursday, April 3rd. The shares were sold at an average price of $81.25, for a total value of $65,000.00. Following the completion of the transaction, the director now owns 61,339 shares in the company, valued at $4,983,793.75. This represents a 1.29% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Eric H. Woersching sold 17,000 shares of the business's stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $129.29, for a total transaction of $2,197,930.00. Following the sale, the director now owns 12,562 shares in the company, valued at $1,624,140.98. This trade represents a 57.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,408,748 shares of company stock valued at $180,327,603 in the last quarter. Corporate insiders own 12.93% of the company's stock.

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.

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