GF Fund Management CO. LTD. Purchases New Position in Palantir Technologies Inc. (NASDAQ:PLTR)

GF Fund Management CO. LTD. purchased a new stake in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 266,800 shares of the company's stock, valued at approximately $20,178,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Roxbury Financial LLC purchased a new stake in Palantir Technologies during the fourth quarter valued at about $27,000. HighMark Wealth Management LLC lifted its position 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 purchasing an additional 166 shares in the last quarter. Sierra Ocean LLC acquired a new position in Palantir Technologies during the fourth quarter valued at approximately $31,000. R Squared Ltd bought a new position in shares of Palantir Technologies during the fourth quarter valued at $33,000. Finally, First Command Advisory Services Inc. acquired a new stake in Palantir Technologies in the fourth quarter worth about $34,000. 45.65% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Palantir Technologies

In related news, Director Alexandra W. Schiff sold 6,776 shares of the stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $86.63, for a total value of $587,004.88. Following the transaction, the director now owns 184,617 shares of the company's stock, valued at $15,993,370.71. This represents a 3.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Jeffrey Buckley sold 1,708 shares of the firm's stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $126.39, for a total value of $215,874.12. Following the transaction, the insider now directly owns 34,468 shares in the company, valued at approximately $4,356,410.52. The trade was a 4.72% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 3,901,701 shares of company stock worth $370,407,533 in the last ninety days. 9.23% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on PLTR shares. Robert W. Baird boosted their price objective on Palantir Technologies from $70.00 to $100.00 and gave the company a "neutral" rating in a research report on Tuesday, February 4th. Citigroup raised their price objective on Palantir Technologies from $110.00 to $115.00 and gave the company a "neutral" rating in a research note on Thursday, May 8th. Deutsche Bank Aktiengesellschaft restated a "sell" rating on shares of Palantir Technologies in a report on Tuesday, May 6th. Cantor Fitzgerald lifted their target price on Palantir Technologies from $98.00 to $110.00 and gave the company a "neutral" rating in a research report on Tuesday, May 6th. Finally, Northland Securities raised their price objective on Palantir Technologies from $38.00 to $80.00 and gave the company a "market perform" rating in a report on Tuesday, February 4th. Five 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 stock has a consensus rating of "Hold" and an average price target of $83.95.

Palantir Technologies Stock Up 1.2%

Palantir Technologies stock traded up $1.49 during midday trading on Wednesday, reaching $124.88. The stock had a trading volume of 40,078,925 shares, compared to its average volume of 100,882,047. The company has a fifty day moving average of $104.13 and a 200 day moving average of $88.73. Palantir Technologies Inc. has a 52-week low of $20.64 and a 52-week high of $133.49. The firm has a market cap of $292.88 billion, a price-to-earnings ratio of 657.28, a price-to-earnings-growth ratio of 10.84 and a beta of 2.68.

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