Bernard Wealth Management Corp. Acquires Shares of 2,670 Palantir Technologies Inc. (NASDAQ:PLTR)

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

Other institutional investors have also added to or reduced their stakes in the company. Roxbury Financial LLC purchased a new position in Palantir Technologies during the fourth quarter valued at approximately $27,000. HighMark Wealth Management LLC boosted its position in Palantir Technologies by 73.5% during the 4th 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 purchased a new position in shares of Palantir Technologies in the 4th quarter valued at $31,000. R Squared Ltd purchased a new position in shares of Palantir Technologies in the 4th quarter valued at $33,000. Finally, First Command Advisory Services Inc. bought a new position in shares of Palantir Technologies in the 4th quarter worth $34,000. Hedge funds and other institutional investors own 45.65% of the company's stock.

Palantir Technologies Price Performance

PLTR traded down $0.43 during trading hours on Thursday, hitting $123.33. 44,675,184 shares of the stock were exchanged, compared to its average volume of 77,932,736. The stock has a market cap of $289.26 billion, a price-to-earnings ratio of 647.70, a price-to-earnings-growth ratio of 10.84 and a beta of 2.68. The stock has a 50-day simple moving average of $104.78 and a 200-day simple moving average of $88.97. Palantir Technologies Inc. has a 12 month low of $20.64 and a 12 month high of $133.49.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last announced its earnings results on Monday, May 5th. The company reported $0.13 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.13. The firm 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 was up 39.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.08 EPS. Sell-side analysts expect that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Insiders Place Their Bets

In related news, insider Ryan D. Taylor sold 3,936 shares of the business's stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $125.97, for a total transaction of $495,817.92. Following the transaction, the insider now directly owns 363,755 shares of the company's stock, valued at approximately $45,822,217.35. The trade was a 1.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Alexandra W. Schiff sold 6,776 shares of the firm's stock in a transaction that occurred on Wednesday, March 5th. The shares were 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 in the company, valued at approximately $15,993,370.71. The trade was a 3.54% 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. 9.23% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. UBS Group lifted their target price on Palantir Technologies from $105.00 to $110.00 and gave the company a "neutral" rating in a research note on Tuesday, May 6th. The Goldman Sachs Group upped their price objective on shares of Palantir Technologies from $80.00 to $90.00 and gave the company a "neutral" rating in a report on Tuesday, May 6th. Northland Securities boosted their price objective on shares of Palantir Technologies from $38.00 to $80.00 and gave the company a "market perform" rating in a report on Tuesday, February 4th. DA Davidson raised their target price on Palantir Technologies from $100.00 to $115.00 and gave the stock a "neutral" rating in a research note on Tuesday, May 6th. Finally, Bank of America lifted their price target on Palantir Technologies from $90.00 to $125.00 and gave the stock a "buy" rating in a research report on Tuesday, February 4th. 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 company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $83.95.

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.