Capstone Wealth Management Group LLC Has $1.45 Million Stock Position in Palantir Technologies Inc. (NASDAQ:PLTR)

Capstone Wealth Management Group LLC boosted its position in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 38.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,147 shares of the company's stock after acquiring an additional 4,722 shares during the quarter. Palantir Technologies accounts for 1.2% of Capstone Wealth Management Group LLC's investment portfolio, making the stock its 29th biggest position. Capstone Wealth Management Group LLC's holdings in Palantir Technologies were worth $1,447,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in PLTR. Richardson Capital Management LLC acquired a new position in shares of Palantir Technologies in the 1st quarter valued at about $33,000. Summit Securities Group LLC purchased a new position in Palantir Technologies in the fourth quarter valued at approximately $34,000. Fairfield Financial Advisors LTD acquired a new position in Palantir Technologies during the fourth quarter valued at approximately $35,000. Godsey & Gibb Inc. lifted its position in Palantir Technologies by 740.0% during the first quarter. Godsey & Gibb Inc. now owns 420 shares of the company's stock valued at $35,000 after buying an additional 370 shares in the last quarter. Finally, Runnymede Capital Advisors Inc. purchased a new stake in Palantir Technologies during the fourth quarter worth approximately $36,000. Institutional investors and hedge funds own 45.65% of the company's stock.

Analysts Set New Price Targets

PLTR has been the topic of a number of research reports. Morgan Stanley raised their target price on shares of Palantir Technologies from $90.00 to $98.00 and gave the company an "equal weight" rating in a research note on Tuesday, May 6th. Daiwa America raised Palantir Technologies to a "hold" rating in a research report on Tuesday, April 1st. Daiwa Capital Markets initiated coverage on Palantir Technologies in a research report on Tuesday, April 1st. They issued a "neutral" rating and a $90.00 target price for the company. Deutsche Bank Aktiengesellschaft reiterated a "sell" rating on shares of Palantir Technologies in a research note on Tuesday, May 6th. Finally, Wedbush set a $140.00 price target on Palantir Technologies and gave the stock an "outperform" rating in a research report on Tuesday, May 6th. Five equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $89.32.

Insider Buying and Selling at Palantir Technologies

In related news, insider Stephen Andrew Cohen sold 309,696 shares of the business's stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $126.39, for a total transaction of $39,142,477.44. Following the sale, the insider owned 592 shares of the company's stock, valued at $74,822.88. The trade was a 99.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Alexander C. Karp sold 358,982 shares of the business's stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $126.39, for a total value of $45,371,734.98. Following the completion of the sale, the insider directly owned 6,432,258 shares in the company, valued at $812,973,088.62. This represents a 5.29% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,451,497 shares of company stock valued at $186,110,685. 9.23% of the stock is currently owned by insiders.

Palantir Technologies Trading Up 1.6%

Palantir Technologies stock traded up $2.15 during mid-day trading on Thursday, reaching $134.27. The company's stock had a trading volume of 41,812,483 shares, compared to its average volume of 82,906,073. The business has a 50 day moving average price of $127.51 and a 200-day moving average price of $100.66. Palantir Technologies Inc. has a twelve month low of $21.23 and a twelve month high of $148.22. The firm has a market cap of $316.85 billion, a price-to-earnings ratio of 1,101.00, a PEG ratio of 11.28 and a beta of 2.59.

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 (EPS) for the quarter, meeting analysts' consensus estimates of $0.13. Palantir Technologies had a return on equity of 6.55% and a net margin of 18.32%. The business had revenue of $883.86 million during the quarter, compared to analyst estimates of $863.89 million. During the same quarter in the previous year, the firm posted $0.08 EPS. The business's revenue for the quarter was up 39.4% compared to the same quarter last year. On average, equities analysts expect that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

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.