Cache Advisors LLC Takes Position in Palantir Technologies Inc. (NASDAQ:PLTR)

Cache Advisors LLC acquired a new stake in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 107,755 shares of the company's stock, valued at approximately $8,150,000. Palantir Technologies accounts for about 3.1% of Cache Advisors LLC's investment portfolio, making the stock its 10th biggest position.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PLTR. Roxbury Financial LLC acquired a new position in Palantir Technologies in the fourth quarter valued at approximately $27,000. HighMark Wealth Management LLC lifted its stake in shares of Palantir Technologies by 73.5% in the 4th quarter. HighMark Wealth Management LLC now owns 392 shares of the company's stock valued at $30,000 after purchasing an additional 166 shares during the last quarter. Sierra Ocean LLC purchased a new position in shares of Palantir Technologies during the 4th quarter worth $31,000. R Squared Ltd purchased a new position in shares of Palantir Technologies during the 4th quarter worth $33,000. Finally, First Command Advisory Services Inc. acquired a new stake in shares of Palantir Technologies during the 4th quarter worth about $34,000. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have commented on PLTR. Deutsche Bank Aktiengesellschaft reaffirmed a "sell" rating on shares of Palantir Technologies in a research report on Tuesday, May 6th. The Goldman Sachs Group boosted their price objective on Palantir Technologies from $80.00 to $90.00 and gave the company a "neutral" rating in a report on Tuesday, May 6th. Northland Securities raised their price objective on shares of Palantir Technologies from $38.00 to $80.00 and gave the company a "market perform" rating in a research note on Tuesday, February 4th. DA Davidson lifted their price objective on shares of Palantir Technologies from $100.00 to $115.00 and gave the company a "neutral" rating in a report on Tuesday, May 6th. Finally, William Blair set a $84.00 target price on shares of Palantir Technologies in a report on Wednesday, March 5th. Five equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $83.95.

Palantir Technologies Stock Up 1.0%

PLTR traded up $1.18 on Wednesday, reaching $124.57. The company's stock had a trading volume of 41,152,105 shares, compared to its average volume of 77,764,972. Palantir Technologies Inc. has a fifty-two week low of $20.64 and a fifty-two week high of $133.49. The stock has a 50 day moving average of $104.13 and a two-hundred day moving average of $88.73. The company has a market capitalization of $292.16 billion, a price-to-earnings ratio of 655.40, a P/E/G ratio of 10.84 and a beta of 2.68.

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

Insider Transactions at Palantir Technologies

In other Palantir Technologies news, insider Stephen Andrew Cohen sold 34,357 shares of the business's stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $125.96, for a total transaction of $4,327,607.72. Following the sale, the insider now directly owns 592 shares in the company, valued at approximately $74,568.32. The trade was a 98.31% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Alexander C. Karp sold 39,825 shares of the company's stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $125.97, for a total transaction of $5,016,755.25. Following the transaction, the insider now directly owns 6,432,258 shares in the company, valued at approximately $810,271,540.26. This trade represents a 0.62% decrease in their ownership of the stock. 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. Corporate insiders own 9.23% of the company's stock.

Palantir Technologies Company 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.