BridgePort Financial Solutions LLC Purchases New Shares in Palantir Technologies Inc. (NASDAQ:PLTR)

BridgePort Financial Solutions LLC purchased a new stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 2,484 shares of the company's stock, valued at approximately $188,000.

Several other institutional investors have also added to or reduced their stakes in PLTR. Tallon Kerry Patrick bought a new stake in Palantir Technologies in the fourth quarter worth $289,000. Geneos Wealth Management Inc. raised its position in Palantir Technologies by 1.4% during the 4th quarter. Geneos Wealth Management Inc. now owns 14,406 shares of the company's stock valued at $1,090,000 after purchasing an additional 196 shares in the last quarter. Drive Wealth Management LLC bought a new stake in Palantir Technologies during the 4th quarter valued at $262,000. Capital Asset Advisory Services LLC bought a new stake in Palantir Technologies during the 4th quarter valued at $387,000. Finally, Union Bancaire Privee UBP SA bought a new stake in Palantir Technologies during the 4th quarter valued at $15,177,000. Hedge funds and other institutional investors own 45.65% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft restated a "sell" rating on shares of Palantir Technologies in a report on Tuesday, May 6th. Mizuho boosted their price target on shares of Palantir Technologies from $80.00 to $94.00 and gave the company an "underperform" rating in a report on Tuesday, May 6th. Northland Securities boosted their price target 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. Citigroup boosted their price target on shares of Palantir Technologies from $110.00 to $115.00 and gave the company a "neutral" rating in a report on Thursday, May 8th. Finally, Robert W. Baird boosted their price target on shares of Palantir Technologies from $70.00 to $100.00 and gave the company a "neutral" rating in a report on Tuesday, February 4th. Five investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, Palantir Technologies presently has an average rating of "Hold" and a consensus target price of $83.95.

Insider Activity

In other Palantir Technologies news, insider Stephen Andrew Cohen sold 1,250,000 shares of the stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $85.30, for a total transaction of $106,625,000.00. Following the sale, the insider now directly owns 592 shares of the company's stock, valued at approximately $50,497.60. This trade represents a 99.95% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Alexandra W. Schiff sold 6,776 shares of the stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $86.63, for a total value of $587,004.88. Following the sale, the director now directly owns 184,617 shares in the company, 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. Over the last three months, insiders have sold 3,901,701 shares of company stock valued at $370,407,533. Company insiders own 9.23% of the company's stock.

Palantir Technologies Stock Up 3.5%

Shares of PLTR traded up $4.31 during mid-day trading on Friday, hitting $126.63. 185,234,367 shares of the company traded hands, compared to its average volume of 78,904,928. Palantir Technologies Inc. has a 1-year low of $21.01 and a 1-year high of $133.49. The company has a market capitalization of $298.84 billion, a PE ratio of 666.51, a price-to-earnings-growth ratio of 10.84 and a beta of 2.68. The business has a 50 day moving average of $105.90 and a 200 day moving average of $90.06.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last released its earnings results on Monday, May 5th. The company reported $0.13 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.13. The firm had revenue of $883.86 million for 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 firm's revenue was up 39.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.08 EPS. As a group, research analysts expect that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

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.