Blue Fin Capital Inc. Invests $209,000 in Palantir Technologies Inc. (NASDAQ:PLTR)

Blue Fin Capital Inc. purchased a new stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 2,758 shares of the company's stock, valued at approximately $209,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. Norges Bank bought a new position in Palantir Technologies in the fourth quarter valued at about $1,360,191,000. Geode Capital Management LLC boosted its position in Palantir Technologies by 8.6% during the 4th quarter. Geode Capital Management LLC now owns 52,074,232 shares of the company's stock worth $3,929,401,000 after buying an additional 4,127,306 shares during the period. Wellington Management Group LLP grew its holdings in Palantir Technologies by 504.0% during the 4th quarter. Wellington Management Group LLP now owns 4,682,230 shares of the company's stock worth $354,117,000 after acquiring an additional 3,907,022 shares during the last quarter. Invesco Ltd. increased its position in Palantir Technologies by 31.2% in the 4th quarter. Invesco Ltd. now owns 14,748,240 shares of the company's stock valued at $1,115,409,000 after acquiring an additional 3,509,311 shares during the period. Finally, Capital World Investors bought a new position in shares of Palantir Technologies during the fourth quarter valued at $253,816,000. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

PLTR has been the topic of several analyst reports. UBS Group boosted their price objective on shares of Palantir Technologies from $105.00 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 target on Palantir Technologies in a research report on Wednesday, March 5th. Deutsche Bank Aktiengesellschaft restated a "sell" rating on shares of Palantir Technologies in a research report on Tuesday, May 6th. Daiwa Capital Markets began coverage on Palantir Technologies in a report on Tuesday, April 1st. They issued a "neutral" rating and a $90.00 target price on the stock. Finally, Northland Securities boosted 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. Five research analysts have rated the stock with a sell rating, fifteen have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $83.95.

Palantir Technologies Price Performance

NASDAQ:PLTR opened at $120.58 on Thursday. Palantir Technologies Inc. has a one year low of $20.63 and a one year high of $133.49. The company has a market cap of $282.80 billion, a PE ratio of 634.66, a PEG ratio of 10.84 and a beta of 2.68. The firm has a 50-day moving average of $101.18 and a 200-day moving average of $86.53.

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

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, Director Lauren Elaina Friedman Stat sold 800 shares of Palantir Technologies stock in a transaction dated 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 owns 61,339 shares of the company's stock, valued at approximately $4,983,793.75. The trade was a 1.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Alexandra W. Schiff sold 6,776 shares of the 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 of the company's stock, valued at $15,993,370.71. This represents a 3.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,945,753 shares of company stock worth $248,608,160. Corporate 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.

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