Palantir Technologies Inc. (NASDAQ:PLTR) Shares Bought by Allen Mooney & Barnes Investment Advisors LLC

Allen Mooney & Barnes Investment Advisors LLC grew its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 21.9% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 14,016 shares of the company's stock after buying an additional 2,516 shares during the quarter. Allen Mooney & Barnes Investment Advisors LLC's holdings in Palantir Technologies were worth $1,183,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Roxbury Financial LLC bought a new stake in Palantir Technologies in the 4th quarter worth $27,000. HighMark Wealth Management LLC increased 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 in the last quarter. Sierra Ocean LLC bought a new position in shares of Palantir Technologies during the fourth quarter valued at $31,000. First Command Advisory Services Inc. bought a new position in shares of Palantir Technologies during the fourth quarter valued at $34,000. Finally, Summit Securities Group LLC bought a new position in shares of Palantir Technologies during the fourth quarter valued at $34,000. Hedge funds and other institutional investors own 45.65% of the company's stock.

Palantir Technologies Trading Down 0.9%

Shares of NASDAQ PLTR traded down $1.20 during midday trading on Thursday, hitting $135.19. The company's stock had a trading volume of 56,051,410 shares, compared to its average volume of 80,529,565. The business's 50 day moving average is $113.13 and its two-hundred day moving average is $93.63. Palantir Technologies Inc. has a 12-month low of $21.23 and a 12-month high of $140.00. The firm has a market cap of $319.04 billion, a P/E ratio of 711.56, a price-to-earnings-growth ratio of 10.84 and a beta of 2.64.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last posted its quarterly earnings data on Monday, May 5th. The company reported $0.13 earnings per share for the quarter, hitting analysts' consensus estimates of $0.13. Palantir Technologies had a return on equity of 6.85% and a net margin of 16.13%. The firm had revenue of $883.86 million during the quarter, compared to analysts' expectations of $863.89 million. During the same quarter last year, the firm earned $0.08 EPS. The business's quarterly revenue was up 39.4% on a year-over-year basis. On average, analysts predict that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Alexander C. Karp sold 358,982 shares of the company's stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $126.39, for a total value of $45,371,734.98. Following the transaction, the insider now directly owns 6,432,258 shares in the company, valued at approximately $812,973,088.62. This represents a 5.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Lauren Elaina Friedman Stat sold 800 shares of the company's stock in a transaction that occurred on 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 3,066,925 shares of company stock valued at $322,073,358 in the last quarter. 9.23% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on PLTR shares. Daiwa Capital Markets started coverage on Palantir Technologies in a report on Tuesday, April 1st. They set a "neutral" rating and a $90.00 price target for the company. Daiwa America upgraded Palantir Technologies to a "hold" rating in a report on Tuesday, April 1st. Citigroup raised their price target on Palantir Technologies from $110.00 to $115.00 and gave the company a "neutral" rating in a report on Thursday, May 8th. Loop Capital upped their target price on shares of Palantir Technologies from $130.00 to $155.00 and gave the company a "buy" rating in a research note on Thursday. Finally, Mizuho lifted their target price on shares of Palantir Technologies from $94.00 to $116.00 and gave the stock an "underperform" rating in a research report on Wednesday. Five research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $86.30.

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.