Mosley Wealth Management bought a new position in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 5,423 shares of the company's stock, valued at approximately $995,000.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PLTR. Revolve Wealth Partners LLC acquired a new stake in Palantir Technologies in the 4th quarter worth approximately $450,000. Bison Wealth LLC lifted its holdings in Palantir Technologies by 37.4% in the 4th quarter. Bison Wealth LLC now owns 17,130 shares of the company's stock worth $1,296,000 after purchasing an additional 4,667 shares during the last quarter. Capstone Wealth Management Group LLC lifted its holdings in Palantir Technologies by 38.0% in the 1st quarter. Capstone Wealth Management Group LLC now owns 17,147 shares of the company's stock worth $1,447,000 after purchasing an additional 4,722 shares during the last quarter. Schnieders Capital Management LLC. lifted its holdings in Palantir Technologies by 36.8% in the 2nd quarter. Schnieders Capital Management LLC. now owns 6,294 shares of the company's stock worth $858,000 after purchasing an additional 1,694 shares during the last quarter. Finally, Vivaldi Capital Management LP acquired a new stake in Palantir Technologies in the 2nd quarter worth approximately $315,000. 45.65% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several equities research analysts recently weighed in on the company. Wedbush restated an "outperform" rating and issued a $230.00 target price on shares of Palantir Technologies in a report on Friday, June 5th. Phillip Securities upped their price target on Palantir Technologies from $190.00 to $202.00 in a report on Monday, May 11th. Cantor Fitzgerald reiterated a "neutral" rating and set a $138.00 price target on shares of Palantir Technologies in a report on Friday, May 22nd. Rosenblatt Securities reiterated a "buy" rating and set a $225.00 price target on shares of Palantir Technologies in a report on Friday, June 5th. Finally, Benchmark initiated coverage on Palantir Technologies in a report on Wednesday, April 1st. They set a "hold" rating for the company. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Palantir Technologies currently has an average rating of "Moderate Buy" and a consensus price target of $192.76.
Read Our Latest Report on PLTR
Palantir Technologies Trading Up 0.7%
PLTR opened at $131.08 on Friday. The stock has a market cap of $314.24 billion, a PE ratio of 147.28, a P/E/G ratio of 2.07 and a beta of 1.53. Palantir Technologies Inc. has a 1 year low of $122.68 and a 1 year high of $207.52. The stock's 50 day simple moving average is $139.91 and its 200-day simple moving average is $153.94.
Palantir Technologies (NASDAQ:PLTR - Get Free Report) last released its quarterly earnings data on Monday, May 4th. The company reported $0.33 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.28 by $0.05. The business had revenue of $1.63 billion for the quarter, compared to analysts' expectations of $1.54 billion. Palantir Technologies had a return on equity of 28.34% and a net margin of 43.67%.Palantir Technologies's quarterly revenue was up 84.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.13 earnings per share. Equities analysts forecast that Palantir Technologies Inc. will post 1.18 earnings per share for the current fiscal year.
Insider Buying and Selling at Palantir Technologies
In other news, insider Jeffrey Buckley sold 830 shares of the business's stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $137.41, for a total transaction of $114,050.30. Following the sale, the insider directly owned 61,707 shares in the company, valued at approximately $8,479,158.87. The trade was a 1.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Alexander C. Karp sold 397,744 shares of the business's stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $136.04, for a total value of $54,109,093.76. Following the sale, the insider owned 6,432,258 shares in the company, valued at approximately $875,044,378.32. This represents a 5.82% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 925,789 shares of company stock valued at $126,007,032 in the last quarter. 9.53% of the stock is currently owned by corporate insiders.
Palantir Technologies News Roundup
Here are the key news stories impacting Palantir Technologies this week:
Palantir Technologies Company Profile
(
Free Report)
Palantir Technologies is a software company that develops data integration, analytics and operational decision-making platforms for government and commercial customers. Founded in 2003 by a team that included Alex Karp and Peter Thiel, Palantir has grown into a provider of enterprise-scale software designed to help organizations integrate disparate data sources, build analytic models and drive operational workflows. The company went public in 2020 and continues to position its products around large, complex data projects where security, provenance and real-time collaboration are important.
Palantir's product portfolio centers on a small number of core platforms.
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