Disciplined Equity Management Inc. Invests $782,000 in Palantir Technologies Inc. (NASDAQ:PLTR)

Disciplined Equity Management Inc. purchased a new position in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 9,260 shares of the company's stock, valued at approximately $782,000.

Several other large investors also recently bought and sold shares of the company. Roxbury Financial LLC acquired a new position in shares of Palantir Technologies in the 4th quarter valued at approximately $27,000. HighMark Wealth Management LLC increased its stake in shares of Palantir Technologies by 73.5% in the fourth quarter. HighMark Wealth Management LLC now owns 392 shares of the company's stock worth $30,000 after buying an additional 166 shares during the last quarter. Sierra Ocean LLC acquired a new stake in Palantir Technologies in the fourth quarter valued at $31,000. First Command Advisory Services Inc. bought a new position in Palantir Technologies during the 4th quarter valued at $34,000. Finally, Summit Securities Group LLC bought a new position in Palantir Technologies during the 4th quarter valued at $34,000. Institutional investors and hedge funds own 45.65% of the company's stock.

Palantir Technologies Trading Up 2.6%

PLTR traded up $3.47 during trading hours on Wednesday, hitting $136.28. The company's stock had a trading volume of 96,894,084 shares, compared to its average volume of 80,264,173. The company has a 50-day simple moving average of $111.88 and a 200 day simple moving average of $93.33. The firm has a market capitalization of $321.61 billion, a PE ratio of 717.31, a PEG 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 $139.16.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last issued its quarterly 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 company had revenue of $883.86 million for the quarter, compared to analyst estimates of $863.89 million. During the same period last year, the company earned $0.08 earnings per share. The company's quarterly revenue was up 39.4% compared to the same quarter last year. Research analysts expect that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

Insider Activity

In other Palantir Technologies news, insider Stephen Andrew Cohen sold 310,000 shares of the stock in a transaction on Monday, March 17th. The stock was sold at an average price of $87.07, for a total transaction of $26,991,700.00. Following the completion of the transaction, the insider now directly owns 592 shares of the company's stock, valued at approximately $51,545.44. This trade represents a 99.81% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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 now directly owns 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. Insiders sold 2,661,925 shares of company stock worth $268,580,958 over the last three months. Corporate insiders own 9.23% of the company's stock.

Analysts Set New Price Targets

PLTR has been the topic of a number of recent analyst reports. DA Davidson upped their target price 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. Daiwa America upgraded Palantir Technologies to a "hold" rating in a research note on Tuesday, April 1st. Wedbush set a $140.00 target price on Palantir Technologies and gave the stock an "outperform" rating in a research report on Tuesday, May 6th. Citigroup boosted their price target on Palantir Technologies from $110.00 to $115.00 and gave the company a "neutral" rating in a report on Thursday, May 8th. Finally, Morgan Stanley raised their price objective on Palantir Technologies from $90.00 to $98.00 and gave the stock an "equal weight" rating in a research note on Tuesday, May 6th. Five investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $85.05.

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.