Crown Wealth Group LLC Acquires New Position in Palantir Technologies Inc. (NASDAQ:PLTR)

Crown Wealth Group LLC acquired a new stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 3,913 shares of the company's stock, valued at approximately $330,000.

A number of other institutional investors have also modified their holdings of the business. Wealthstar Advisors LLC bought a new stake in shares of Palantir Technologies during the 1st quarter valued at about $204,000. Guerra Advisors Inc boosted its stake in Palantir Technologies by 5.3% during the 1st quarter. Guerra Advisors Inc now owns 6,879 shares of the company's stock valued at $581,000 after purchasing an additional 344 shares during the period. Avidian Wealth Enterprises LLC boosted its stake in Palantir Technologies by 1.0% during the 1st quarter. Avidian Wealth Enterprises LLC now owns 17,750 shares of the company's stock valued at $1,498,000 after purchasing an additional 175 shares during the period. Essex Financial Services Inc. boosted its stake in Palantir Technologies by 19.1% during the 1st quarter. Essex Financial Services Inc. now owns 14,389 shares of the company's stock valued at $1,214,000 after purchasing an additional 2,307 shares during the period. Finally, Stonebridge Financial Group LLC boosted its stake in Palantir Technologies by 91.1% during the 1st quarter. Stonebridge Financial Group LLC now owns 10,320 shares of the company's stock valued at $871,000 after purchasing an additional 4,921 shares during the period. Institutional investors own 45.65% of the company's stock.

Analysts Set New Price Targets

A number of research firms have issued reports on PLTR. Citigroup boosted their target price on shares of Palantir Technologies from $110.00 to $115.00 and gave the company a "neutral" rating in a research note on Thursday, May 8th. Royal Bank Of Canada reaffirmed an "underperform" rating on shares of Palantir Technologies in a research note on Tuesday, May 6th. Daiwa America raised shares of Palantir Technologies to a "hold" rating in a research note on Tuesday, April 1st. The Goldman Sachs Group upped their price target on shares of Palantir Technologies from $80.00 to $90.00 and gave the stock a "neutral" rating in a research note on Tuesday, May 6th. Finally, Wedbush set a $140.00 price target on shares of Palantir Technologies and gave the stock an "outperform" rating in a research note on Tuesday, May 6th. Five analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Palantir Technologies has an average rating of "Hold" and an average price target of $89.32.

Palantir Technologies Price Performance

PLTR stock opened at $130.74 on Friday. Palantir Technologies Inc. has a 52-week low of $21.23 and a 52-week high of $148.22. The company's 50 day simple moving average is $125.24 and its 200-day simple moving average is $99.62. The firm has a market capitalization of $308.53 billion, a P/E ratio of 568.43, a P/E/G ratio of 11.16 and a beta of 2.64.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last released its quarterly earnings results 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 net margin of 18.32% and a return on equity of 6.55%. The business had revenue of $883.86 million for the quarter, compared to analyst estimates of $863.89 million. During the same quarter in the previous year, the business earned $0.08 earnings per share. The firm's revenue was up 39.4% compared to the same quarter last year. Sell-side analysts predict that Palantir Technologies Inc. will post 0.31 EPS 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 the company's stock in a transaction that occurred on Thursday, April 3rd. The shares were sold at an average price of $81.25, for a total value of $65,000.00. Following the transaction, 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 filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Ryan D. Taylor sold 98,177 shares of the company's stock in a transaction that occurred on Monday, March 31st. The shares were sold at an average price of $82.80, for a total transaction of $8,129,055.60. Following the completion of the transaction, the insider now owns 403,171 shares in the company, valued at approximately $33,382,558.80. This represents a 19.58% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,506,925 shares of company stock worth $188,456,658. 9.23% of the stock is currently owned by company insiders.

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.

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