2,670 Shares in Palantir Technologies Inc. (NASDAQ:PLTR) Acquired by Bernard Wealth Management Corp.

Bernard Wealth Management Corp. bought a new stake in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 2,670 shares of the company's stock, valued at approximately $202,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of PLTR. Geode Capital Management LLC raised its position in shares of Palantir Technologies by 8.6% in the fourth quarter. Geode Capital Management LLC now owns 52,074,232 shares of the company's stock valued at $3,929,401,000 after purchasing an additional 4,127,306 shares during the period. Northern Trust Corp grew its stake in Palantir Technologies by 20.4% in the 4th quarter. Northern Trust Corp now owns 19,488,465 shares of the company's stock valued at $1,473,913,000 after buying an additional 3,299,779 shares during the last quarter. Norges Bank bought a new position in Palantir Technologies in the 4th quarter valued at about $1,360,191,000. FMR LLC lifted its position in Palantir Technologies by 22.6% during the fourth quarter. FMR LLC now owns 15,296,371 shares of the company's stock worth $1,156,864,000 after acquiring an additional 2,818,090 shares during the last quarter. Finally, Invesco Ltd. lifted its position in Palantir Technologies by 31.2% during the fourth quarter. Invesco Ltd. now owns 14,748,240 shares of the company's stock worth $1,115,409,000 after acquiring an additional 3,509,311 shares during the last quarter. Institutional investors own 45.65% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently commented on PLTR shares. Mizuho upped their target price on Palantir Technologies from $80.00 to $94.00 and gave the company an "underperform" rating in a research report on Tuesday, May 6th. Deutsche Bank Aktiengesellschaft restated a "sell" rating on shares of Palantir Technologies in a research note on Tuesday, May 6th. Northland Securities increased their price objective on 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 boosted their target price on shares of Palantir Technologies from $98.00 to $110.00 and gave the company a "neutral" rating in a research report on Tuesday, May 6th. Finally, William Blair set a $84.00 price target on shares of Palantir Technologies in a research note on Wednesday, March 5th. Five research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $83.95.

Palantir Technologies Stock Up 0.1%

Palantir Technologies stock traded up $0.08 during trading hours on Tuesday, reaching $123.39. 86,177,009 shares of the company's stock were exchanged, compared to its average volume of 77,906,130. The firm has a market capitalization of $289.39 billion, a PE ratio of 649.46, a PEG ratio of 10.84 and a beta of 2.68. The firm's 50 day simple moving average is $103.41 and its 200 day simple moving average is $88.49. Palantir Technologies Inc. has a twelve month low of $20.64 and a twelve month high of $133.49.

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

Insider Activity

In related news, Director Alexandra W. Schiff sold 6,776 shares of the company's stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $86.63, for a total transaction of $587,004.88. Following the transaction, the director now directly owns 184,617 shares of the company's stock, valued at approximately $15,993,370.71. This represents a 3.54% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Lauren Elaina Friedman Stat sold 800 shares of the firm'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 sale, the director now directly owns 61,339 shares of the company's stock, valued at $4,983,793.75. This trade represents a 1.29% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 3,901,701 shares of company stock worth $370,407,533. Company insiders own 9.23% of the company's stock.

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.