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

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

Other institutional investors and hedge funds have also recently modified their holdings of the company. Roxbury Financial LLC bought a new stake in Palantir Technologies during the fourth quarter worth approximately $27,000. HighMark Wealth Management LLC increased its position in shares of Palantir Technologies by 73.5% during 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 purchased a new stake in Palantir Technologies during the 4th quarter worth approximately $31,000. R Squared Ltd acquired a new stake in Palantir Technologies during the 4th quarter valued at approximately $33,000. Finally, First Command Advisory Services Inc. purchased a new position in Palantir Technologies during the fourth quarter valued at approximately $34,000. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, Director Alexandra W. Schiff sold 6,776 shares of Palantir Technologies stock in a transaction that occurred on Wednesday, March 5th. The shares were 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 in the company, valued at approximately $15,993,370.71. The trade was a 3.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Lauren Elaina Friedman Stat sold 800 shares of the business's stock in a transaction on Thursday, April 3rd. The stock was sold at an average price of $81.25, for a total value of $65,000.00. Following the sale, the director now directly owns 61,339 shares in the company, valued at $4,983,793.75. This trade represents a 1.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 3,901,701 shares of company stock worth $370,407,533 over the last quarter. 9.23% of the stock is owned by corporate insiders.

Palantir Technologies Stock Performance

PLTR traded down $0.01 during trading on Tuesday, hitting $123.30. The stock had a trading volume of 81,801,151 shares, compared to its average volume of 101,408,477. Palantir Technologies Inc. has a twelve month low of $20.64 and a twelve month high of $133.49. The firm has a market capitalization of $289.18 billion, a P/E ratio of 648.97, a PEG ratio of 10.84 and a beta of 2.68. The company's 50-day moving average price is $103.41 and its 200 day moving average price is $88.49.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last released its quarterly earnings data on Monday, May 5th. The company reported $0.13 EPS 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 return on equity of 6.85% and a net margin of 16.13%. The company's quarterly revenue was up 39.4% compared to the same quarter last year. During the same period last year, the business 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.

Analysts Set New Price Targets

A number of analysts have issued reports on PLTR shares. Royal Bank of Canada reaffirmed an "underperform" rating on shares of Palantir Technologies in a research note on Tuesday, May 6th. William Blair set a $84.00 target price on Palantir Technologies in a research report on Wednesday, March 5th. Daiwa Capital Markets began coverage on shares of Palantir Technologies in a report on Tuesday, April 1st. They issued a "neutral" rating and a $90.00 price target on the stock. Deutsche Bank Aktiengesellschaft reiterated a "sell" rating on shares of Palantir Technologies in a research report on Tuesday, May 6th. Finally, Wedbush set a $140.00 price target on Palantir Technologies and gave the company an "outperform" rating in a report on Tuesday, May 6th. Five 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. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $83.95.

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.