Palantir Technologies Inc. (NASDAQ:PLTR) Shares Purchased by GAMMA Investing LLC

GAMMA Investing LLC increased its position in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 14,786.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,911,913 shares of the company's stock after purchasing an additional 1,899,070 shares during the quarter. GAMMA Investing LLC owned approximately 0.08% of Palantir Technologies worth $161,365,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Roxbury Financial LLC purchased a new stake in Palantir Technologies during the fourth quarter worth $27,000. HighMark Wealth Management LLC lifted its position in Palantir Technologies by 73.5% during the 4th quarter. HighMark Wealth Management LLC now owns 392 shares of the company's stock worth $30,000 after acquiring an additional 166 shares during the period. Sierra Ocean LLC acquired a new stake in Palantir Technologies during the 4th quarter worth about $31,000. R Squared Ltd acquired a new stake in Palantir Technologies during the 4th quarter worth about $33,000. Finally, First Command Advisory Services Inc. purchased a new position in shares of Palantir Technologies during the 4th quarter valued at about $34,000. Institutional investors own 45.65% of the company's stock.

Palantir Technologies Stock Performance

Shares of Palantir Technologies stock traded up $4.31 during trading hours on Friday, reaching $126.63. 185,234,367 shares of the company were exchanged, compared to its average volume of 78,904,928. Palantir Technologies Inc. has a 1 year low of $21.01 and a 1 year high of $133.49. The stock's fifty day moving average is $105.90 and its 200 day moving average is $90.28. The firm has a market cap of $298.84 billion, a PE ratio of 666.51, a PEG ratio of 10.84 and a beta of 2.68.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last posted its earnings results on Monday, May 5th. The company reported $0.13 EPS for the quarter, meeting the consensus estimate of $0.13. The firm had revenue of $883.86 million for the quarter, compared to analyst estimates of $863.89 million. Palantir Technologies had a return on equity of 6.85% and a net margin of 16.13%. Palantir Technologies's revenue for the quarter was up 39.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.08 earnings per share. Research analysts expect that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Insider Activity at Palantir Technologies

In other Palantir Technologies news, insider Jeffrey Buckley sold 1,708 shares of the company's stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of $126.39, for a total value of $215,874.12. Following the completion of the transaction, the insider now owns 34,468 shares in the company, valued at $4,356,410.52. This represents a 4.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Lauren Elaina Friedman Stat sold 800 shares of the firm's stock in a transaction dated Thursday, April 3rd. The stock was sold at an average price of $81.25, for a total value of $65,000.00. Following the transaction, the director now directly owns 61,339 shares in the company, valued at approximately $4,983,793.75. This represents a 1.29% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 3,901,701 shares of company stock valued at $370,407,533 over the last quarter. 9.23% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Loop Capital lifted their price objective on Palantir Technologies from $125.00 to $130.00 and gave the company a "buy" 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. Morgan Stanley boosted their target price on Palantir Technologies from $90.00 to $98.00 and gave the stock an "equal weight" rating in a report on Tuesday, May 6th. UBS Group boosted their target price on Palantir Technologies from $105.00 to $110.00 and gave the stock a "neutral" rating in a report on Tuesday, May 6th. Finally, Robert W. Baird upped their price objective on Palantir Technologies from $70.00 to $100.00 and gave the company a "neutral" rating in a report on Tuesday, February 4th. Five equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Palantir Technologies presently has an average rating of "Hold" and an average price target of $83.95.

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.