Gibson Capital LLC Invests $224,000 in Palantir Technologies Inc. (NASDAQ:PLTR)

Gibson Capital LLC purchased a new position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,654 shares of the company's stock, valued at approximately $224,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Roxbury Financial LLC bought a new position in Palantir Technologies during the fourth quarter worth about $27,000. HighMark Wealth Management LLC increased its holdings 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 during the period. Sierra Ocean LLC acquired a new stake in shares of Palantir Technologies in the fourth quarter valued at approximately $31,000. First Command Advisory Services Inc. acquired a new stake in shares of Palantir Technologies in the fourth quarter valued at approximately $34,000. Finally, Summit Securities Group LLC bought a new stake in shares of Palantir Technologies in the fourth quarter valued at approximately $34,000. Institutional investors own 45.65% of the company's stock.

Insider Buying and Selling

In other news, Director Lauren Elaina Friedman Stat sold 800 shares of the 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 completion of the sale, the director now owns 61,339 shares of the company's stock, valued at approximately $4,983,793.75. This represents a 1.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Shyam Sankar sold 405,000 shares of the firm's stock in a transaction that occurred on Tuesday, June 10th. The stock was sold at an average price of $132.08, for a total transaction of $53,492,400.00. Following the transaction, the insider now owns 702,786 shares of the company's stock, valued at approximately $92,823,974.88. The trade was a 36.56% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,816,925 shares of company stock worth $215,448,358 in the last ninety days. Company insiders own 9.23% of the company's stock.

Palantir Technologies Price Performance

Shares of NASDAQ PLTR traded up $2.21 during mid-day trading on Friday, hitting $137.40. 93,318,005 shares of the stock traded hands, compared to its average volume of 80,799,461. The company has a market cap of $324.25 billion, a PE ratio of 723.20, a price-to-earnings-growth ratio of 10.84 and a beta of 2.64. Palantir Technologies Inc. has a twelve month low of $21.23 and a twelve month high of $140.00. The firm has a 50 day simple moving average of $115.48 and a two-hundred day simple moving average of $94.61.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last announced its quarterly earnings results on Monday, May 5th. The company reported $0.13 EPS for the quarter, meeting analysts' consensus estimates 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%. The business's revenue for the quarter was up 39.4% on a year-over-year basis. During the same period last year, the firm posted $0.08 earnings per share. On average, equities research analysts anticipate that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have weighed in on PLTR. UBS Group lifted their price objective on Palantir Technologies from $105.00 to $110.00 and gave the company a "neutral" rating in a report on Tuesday, May 6th. William Blair set a $84.00 price objective on shares of Palantir Technologies in a research report on Wednesday, March 5th. DA Davidson raised their target price on shares of Palantir Technologies from $100.00 to $115.00 and gave the company a "neutral" rating in a report on Tuesday, May 6th. Royal Bank of Canada reaffirmed an "underperform" rating on shares of Palantir Technologies in a report on Tuesday, May 6th. Finally, Cantor Fitzgerald increased their price target on shares of Palantir Technologies from $98.00 to $110.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 6th. Five analysts have rated the stock with a sell rating, fifteen have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Palantir Technologies has an average rating of "Hold" and an average price target of $86.30.

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.