Bank of New Hampshire Purchases 15,804 Shares of Palantir Technologies Inc. (NASDAQ:PLTR)

Bank of New Hampshire raised its position in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 784.3% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 17,819 shares of the company's stock after acquiring an additional 15,804 shares during the quarter. Bank of New Hampshire's holdings in Palantir Technologies were worth $1,504,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Roxbury Financial LLC bought a new position in Palantir Technologies in the fourth quarter valued at about $27,000. HighMark Wealth Management LLC lifted its holdings in Palantir Technologies by 73.5% in 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 during the period. Sierra Ocean LLC bought a new position in shares of Palantir Technologies in the fourth quarter worth about $31,000. First Command Advisory Services Inc. bought a new position in shares of Palantir Technologies in the fourth quarter worth about $34,000. Finally, Summit Securities Group LLC bought a new position in shares of Palantir Technologies in the fourth quarter worth about $34,000. Institutional investors own 45.65% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on PLTR shares. Wedbush set a $140.00 price objective on Palantir Technologies and gave the stock an "outperform" rating in a research note on Tuesday, May 6th. Morgan Stanley raised their price objective on Palantir Technologies from $90.00 to $98.00 and gave the stock an "equal weight" rating in a research note on Tuesday, May 6th. Cantor Fitzgerald raised their price objective on Palantir Technologies from $98.00 to $110.00 and gave the stock a "neutral" rating in a research note on Tuesday, May 6th. William Blair set a $84.00 price objective on Palantir Technologies in a research note on Wednesday, March 5th. Finally, Daiwa Capital Markets started coverage on Palantir Technologies in a research note on Tuesday, April 1st. They issued a "neutral" rating and a $90.00 price objective on the stock. Five research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $83.95.

Palantir Technologies Price Performance

NASDAQ PLTR opened at $127.72 on Friday. The stock has a market capitalization of $301.41 billion, a PE ratio of 672.25, a P/E/G ratio of 10.84 and a beta of 2.64. The business has a 50 day simple moving average of $110.01 and a two-hundred day simple moving average of $92.37. Palantir Technologies Inc. has a 1-year low of $21.23 and a 1-year high of $135.28.

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

Insider Buying and Selling at Palantir Technologies

In other news, insider Alexander C. Karp sold 39,825 shares of Palantir Technologies stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $125.97, for a total value of $5,016,755.25. Following the completion of the transaction, the insider now owns 6,432,258 shares in the company, valued at approximately $810,271,540.26. The trade was a 0.62% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Lauren Elaina Friedman Stat sold 800 shares of Palantir Technologies stock in a transaction that occurred on Thursday, April 3rd. The stock was 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 of the company's stock, valued at approximately $4,983,793.75. This trade represents a 1.29% decrease in their position. The disclosure for this sale can be found here. Insiders sold 3,894,925 shares of company stock worth $369,820,528 in the last quarter. 9.23% of the stock is owned by corporate insiders.

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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