CMC Financial Group Buys Shares of 3,722 Palantir Technologies Inc. (NASDAQ:PLTR)

CMC Financial Group bought a new stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 3,722 shares of the company's stock, valued at approximately $314,000. Palantir Technologies makes up 0.7% of CMC Financial Group's portfolio, making the stock its 19th largest position.

A number of other hedge funds and other institutional investors also recently modified their holdings of PLTR. Roxbury Financial LLC bought a new stake in shares of Palantir Technologies in the 4th quarter worth $27,000. HighMark Wealth Management LLC raised 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 worth $30,000 after buying an additional 166 shares in the last quarter. Sierra Ocean LLC bought a new stake in shares of Palantir Technologies in the 4th quarter worth $31,000. First Command Advisory Services Inc. bought a new stake in shares of Palantir Technologies in the 4th quarter worth $34,000. Finally, Summit Securities Group LLC acquired a new stake in shares of Palantir Technologies during the fourth quarter worth $34,000. Institutional investors own 45.65% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on PLTR. Mizuho boosted their target price on Palantir Technologies from $80.00 to $94.00 and gave the stock an "underperform" rating in a research report on Tuesday, May 6th. Loop Capital boosted their target price on Palantir Technologies from $125.00 to $130.00 and gave the stock a "buy" rating in a research report on Tuesday, May 6th. DA Davidson boosted their target price on Palantir Technologies from $100.00 to $115.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 6th. Deutsche Bank Aktiengesellschaft reaffirmed a "sell" rating on shares of Palantir Technologies in a research report on Tuesday, May 6th. Finally, UBS Group boosted their target price on Palantir Technologies from $105.00 to $110.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 6th. Five equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and three have given a buy rating to the company. According to MarketBeat, Palantir Technologies presently has a consensus rating of "Hold" and a consensus target price of $83.95.

Insider Buying and Selling at Palantir Technologies

In other news, Director Lauren Elaina Friedman Stat sold 800 shares of the company's stock in a transaction dated Thursday, April 3rd. The stock was sold at an average price of $81.25, for a total transaction of $65,000.00. Following the completion of the sale, the director now owns 61,339 shares in the company, valued at approximately $4,983,793.75. This represents a 1.29% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Jeffrey Buckley sold 1,708 shares of the company's stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $126.39, for a total value of $215,874.12. Following the sale, the insider now owns 34,468 shares of the company's stock, valued at approximately $4,356,410.52. This trade represents a 4.72% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 3,894,925 shares of company stock worth $369,820,528 over the last 90 days. 9.23% of the stock is currently owned by corporate insiders.

Palantir Technologies Price Performance

Shares of NASDAQ PLTR opened at $127.72 on Friday. The business's 50-day moving average price is $110.01 and its two-hundred day moving average price is $92.16. Palantir Technologies Inc. has a one year low of $21.23 and a one year high of $135.28. The company has a market capitalization of $301.41 billion, a P/E ratio of 672.25, a price-to-earnings-growth ratio of 10.84 and a beta of 2.64.

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

About Palantir Technologies

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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