Autumn Glory Partners LLC Acquires Shares of 4,000 Palantir Technologies Inc. (NASDAQ:PLTR)

Autumn Glory Partners LLC acquired a new position in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 4,000 shares of the company's stock, valued at approximately $338,000.

Other large investors also recently bought and sold shares of the company. Sierra Ocean LLC bought a new position in Palantir Technologies in the 4th quarter worth $31,000. First Command Advisory Services Inc. bought a new position in Palantir Technologies during the fourth quarter valued at approximately $34,000. Summit Securities Group LLC bought a new position in Palantir Technologies during the fourth quarter valued at approximately $34,000. Fairfield Financial Advisors LTD bought a new position in shares of Palantir Technologies during the 4th quarter valued at approximately $35,000. Finally, Godsey & Gibb Inc. boosted its position in shares of Palantir Technologies by 740.0% during the 1st quarter. Godsey & Gibb Inc. now owns 420 shares of the company's stock valued at $35,000 after acquiring an additional 370 shares during the last quarter. 45.65% of the stock is currently owned by institutional investors.

Insider Transactions at Palantir Technologies

In other news, insider Alexander C. Karp sold 358,982 shares of the firm's stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $126.39, for a total transaction of $45,371,734.98. Following the sale, the insider now owns 6,432,258 shares of the company's stock, valued at $812,973,088.62. This trade represents a 5.29% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Shyam Sankar sold 405,000 shares of the firm's stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $132.08, for a total transaction of $53,492,400.00. Following the sale, the insider now owns 702,786 shares in the company, valued at approximately $92,823,974.88. This represents a 36.56% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,506,925 shares of company stock worth $188,456,658 over the last 90 days. 9.23% of the stock is currently owned by company insiders.

Palantir Technologies Price Performance

Shares of NASDAQ:PLTR opened at $139.96 on Thursday. The business's 50-day moving average is $118.64 and its 200 day moving average is $96.13. Palantir Technologies Inc. has a 1 year low of $21.23 and a 1 year high of $144.86. The firm has a market capitalization of $330.29 billion, a P/E ratio of 608.52, a P/E/G ratio of 11.66 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 (EPS) for the quarter, meeting the consensus estimate of $0.13. Palantir Technologies had a net margin of 18.32% and a return on equity of 6.55%. The firm had revenue of $883.86 million for the quarter, compared to the consensus estimate of $863.89 million. During the same quarter in the prior year, the company posted $0.08 earnings per share. The company's revenue for the quarter was up 39.4% compared to the same quarter last year. On average, analysts expect that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have commented on PLTR shares. Loop Capital set a $155.00 price objective on shares of Palantir Technologies and gave the company a "buy" rating in a research report on Thursday, June 12th. William Blair set a $84.00 price objective on Palantir Technologies in a research note on Wednesday, March 5th. DA Davidson raised their price objective on Palantir Technologies from $100.00 to $115.00 and gave the company a "neutral" rating in a research note on Tuesday, May 6th. Deutsche Bank Aktiengesellschaft restated a "sell" rating on shares of Palantir Technologies in a research report on Tuesday, May 6th. Finally, The Goldman Sachs Group raised their target price on shares of Palantir Technologies from $80.00 to $90.00 and gave the stock a "neutral" rating in a report on Tuesday, May 6th. Five equities research 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 data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $89.32.

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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