Destiny Wealth Partners LLC Has $4.02 Million Stake in Palantir Technologies Inc. (NASDAQ:PLTR)

Destiny Wealth Partners LLC lifted its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 11.5% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 47,665 shares of the company's stock after buying an additional 4,915 shares during the quarter. Destiny Wealth Partners LLC's holdings in Palantir Technologies were worth $4,023,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of PLTR. Tallon Kerry Patrick acquired a new stake in shares of Palantir Technologies during the 4th quarter worth approximately $289,000. Union Bancaire Privee UBP SA acquired a new stake in shares of Palantir Technologies during the 4th quarter worth approximately $15,177,000. Revolve Wealth Partners LLC acquired a new stake in shares of Palantir Technologies during the 4th quarter worth approximately $450,000. SOA Wealth Advisors LLC. grew its position in shares of Palantir Technologies by 102.9% during the 4th quarter. SOA Wealth Advisors LLC. now owns 700 shares of the company's stock worth $53,000 after buying an additional 355 shares during the period. Finally, BLB&B Advisors LLC acquired a new stake in shares of Palantir Technologies during the 4th quarter worth approximately $310,000. Institutional investors and hedge funds own 45.65% of the company's stock.

Wall Street Analyst Weigh In

PLTR has been the subject of several recent analyst reports. Cantor Fitzgerald raised their price objective on shares of Palantir Technologies from $98.00 to $110.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 6th. Loop Capital boosted their price target on shares of Palantir Technologies from $125.00 to $130.00 and gave the company a "buy" rating in a research note on Tuesday, May 6th. DA Davidson boosted their price target on shares of Palantir Technologies from $100.00 to $115.00 and gave the company a "neutral" rating in a research note on Tuesday, May 6th. The Goldman Sachs Group boosted their price target on shares of Palantir Technologies from $80.00 to $90.00 and gave the company a "neutral" rating in a research note on Tuesday, May 6th. Finally, Deutsche Bank Aktiengesellschaft restated a "sell" rating on shares of Palantir Technologies in a research note on Tuesday, May 6th. Five investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $83.95.

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 dated Thursday, April 3rd. The shares were sold at an average price of $81.25, for a total transaction of $65,000.00. Following the sale, the director now directly owns 61,339 shares of the company's stock, valued at $4,983,793.75. This represents a 1.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Stephen Andrew Cohen sold 1,250,000 shares of the company's stock in a transaction dated Friday, March 14th. The shares were 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 in the company, valued at approximately $50,497.60. This trade represents a 99.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 3,894,925 shares of company stock valued at $369,820,528 over the last three months. 9.23% of the stock is currently owned by insiders.

Palantir Technologies Stock Performance

Shares of NASDAQ:PLTR opened at $127.72 on Monday. The company's 50-day moving average is $110.01 and its 200 day moving average is $92.58. 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 Inc. has a fifty-two week low of $21.23 and a fifty-two week high of $135.28.

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

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