16,723 Shares in Palantir Technologies Inc. (NASDAQ:PLTR) Bought by Ameriflex Group Inc.

Ameriflex Group Inc. acquired a new position in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 16,723 shares of the company's stock, valued at approximately $1,379,000.

A number of other large investors have also modified their holdings of PLTR. Roxbury Financial LLC acquired a new position in shares of Palantir Technologies in the fourth quarter worth about $27,000. HighMark Wealth Management LLC raised its position in shares of Palantir Technologies by 73.5% in the fourth quarter. HighMark Wealth Management LLC now owns 392 shares of the company's stock worth $30,000 after acquiring an additional 166 shares during the period. Sierra Ocean LLC acquired a new position in shares of Palantir Technologies in the fourth quarter worth about $31,000. R Squared Ltd acquired a new position in shares of Palantir Technologies in the fourth quarter worth about $33,000. Finally, First Command Advisory Services Inc. acquired a new position in shares of Palantir Technologies during the 4th quarter worth about $34,000. Institutional investors and hedge funds own 45.65% of the company's stock.

Insider Activity

In other news, Director Lauren Elaina Friedman Stat sold 800 shares of the firm's stock in a transaction 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 sale, the director now directly owns 61,339 shares in the company, valued at approximately $4,983,793.75. This trade represents a 1.29% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Stephen Andrew Cohen sold 1,250,000 shares of the firm's stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $82.75, for a total transaction of $103,437,500.00. Following the completion of the sale, the insider now owns 592 shares in the company, valued at $48,988. The trade was a 99.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 3,901,701 shares of company stock worth $370,407,533. 9.23% of the stock is currently owned by corporate insiders.

Palantir Technologies Stock Up 0.3%

PLTR stock traded up $0.37 during midday trading on Wednesday, hitting $123.76. The company's stock had a trading volume of 64,138,974 shares, compared to its average volume of 101,134,719. Palantir Technologies Inc. has a 52-week low of $20.64 and a 52-week high of $133.49. The firm has a market capitalization of $290.26 billion, a P/E ratio of 651.40, a PEG ratio of 10.84 and a beta of 2.68. The firm has a 50-day simple moving average of $104.13 and a 200-day simple moving average of $88.73.

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

Analyst Ratings Changes

PLTR has been the subject of several research analyst reports. Northland Securities upped their price target on shares of Palantir Technologies from $38.00 to $80.00 and gave the stock a "market perform" rating in a research report on Tuesday, February 4th. Cantor Fitzgerald upped their price target on shares of Palantir Technologies from $98.00 to $110.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 6th. William Blair set a $84.00 price target on shares of Palantir Technologies in a research report on Wednesday, March 5th. Daiwa America upgraded shares of Palantir Technologies to a "hold" rating in a research report on Tuesday, April 1st. Finally, UBS Group upped their price target on shares of Palantir Technologies from $105.00 to $110.00 and gave the stock a "neutral" 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 MarketBeat, Palantir Technologies presently has an average rating of "Hold" and a consensus target price of $83.95.

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.