FFG Partners LLC Has $13.35 Million Stock Holdings in Palantir Technologies Inc. (NASDAQ:PLTR)

FFG Partners LLC raised its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 144.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 158,210 shares of the company's stock after buying an additional 93,600 shares during the quarter. Palantir Technologies comprises approximately 5.5% of FFG Partners LLC's portfolio, making the stock its 8th biggest position. FFG Partners LLC's holdings in Palantir Technologies were worth $13,353,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Continuum Advisory LLC raised its stake in Palantir Technologies by 3.8% during the fourth quarter. Continuum Advisory LLC now owns 2,670 shares of the company's stock valued at $202,000 after buying an additional 98 shares during the last quarter. Heritage Wealth Management Inc. CA increased its stake in Palantir Technologies by 0.4% during the 4th quarter. Heritage Wealth Management Inc. CA now owns 29,024 shares of the company's stock valued at $2,195,000 after purchasing an additional 111 shares in the last quarter. True Wealth Design LLC lifted its stake in shares of Palantir Technologies by 29.3% in the fourth quarter. True Wealth Design LLC now owns 503 shares of the company's stock worth $38,000 after buying an additional 114 shares in the last quarter. Gemmer Asset Management LLC grew its holdings in shares of Palantir Technologies by 1.6% during the first quarter. Gemmer Asset Management LLC now owns 7,567 shares of the company's stock valued at $639,000 after buying an additional 119 shares during the last quarter. Finally, Synergy Asset Management LLC increased its position in shares of Palantir Technologies by 1.7% during the first quarter. Synergy Asset Management LLC now owns 7,017 shares of the company's stock valued at $592,000 after acquiring an additional 120 shares in the last quarter. Hedge funds and other institutional investors own 45.65% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. UBS Group reaffirmed a "positive" rating on shares of Palantir Technologies in a research report on Wednesday. Morgan Stanley increased their price objective on Palantir Technologies from $90.00 to $98.00 and gave the company an "equal weight" rating in a research report on Tuesday, May 6th. The Goldman Sachs Group boosted their target price on Palantir Technologies from $80.00 to $90.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 6th. Wedbush set a $140.00 price target on shares of Palantir Technologies and gave the company an "outperform" rating in a report on Tuesday, May 6th. Finally, Deutsche Bank Aktiengesellschaft reiterated a "sell" rating on shares of Palantir Technologies in a research note 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 company's stock. Based on data from MarketBeat.com, Palantir Technologies currently has a consensus rating of "Hold" and a consensus target price of $89.32.

Insider Activity

In other news, insider Ryan D. Taylor sold 98,177 shares of the business's stock in a transaction on Monday, March 31st. The shares were sold at an average price of $82.80, for a total value of $8,129,055.60. Following the transaction, the insider now owns 403,171 shares of the company's stock, valued at approximately $33,382,558.80. The trade was a 19.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Lauren Elaina Friedman Stat sold 800 shares of the firm's stock in a transaction on Thursday, April 3rd. The shares were sold at an average price of $81.25, for a total transaction of $65,000.00. Following the transaction, the director now directly owns 61,339 shares of the company's stock, valued at $4,983,793.75. The trade was a 1.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,506,925 shares of company stock worth $188,456,658 in the last three months. Company insiders own 12.93% of the company's stock.

Palantir Technologies Stock Performance

Shares of PLTR stock traded down $0.33 during mid-day trading on Wednesday, reaching $142.90. 61,226,838 shares of the company's stock traded hands, compared to its average volume of 81,189,355. The firm has a 50 day moving average price of $122.49 and a two-hundred day moving average price of $98.22. The firm has a market capitalization of $337.23 billion, a PE ratio of 621.30, a price-to-earnings-growth ratio of 11.94 and a beta of 2.64. Palantir Technologies Inc. has a 12 month low of $21.23 and a 12 month high of $147.59.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last announced 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. The company had revenue of $883.86 million during the quarter, compared to the consensus estimate of $863.89 million. Palantir Technologies had a return on equity of 6.55% and a net margin of 18.32%. The firm's revenue was up 39.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.08 EPS. As a group, equities analysts expect that Palantir Technologies Inc. will post 0.31 earnings per share 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.