Palantir Technologies Inc. (NASDAQ:PLTR) Shares Bought by Howard Capital Management Inc.

Howard Capital Management Inc. grew its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 273.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 43,540 shares of the company's stock after acquiring an additional 31,873 shares during the period. Howard Capital Management Inc.'s holdings in Palantir Technologies were worth $3,675,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Mechanics Financial Corp purchased a new position in shares of Palantir Technologies in the first quarter valued at about $25,000. Richardson Capital Management LLC purchased a new stake in shares of Palantir Technologies during the first quarter worth about $33,000. Cornerstone Planning Group LLC raised its stake in Palantir Technologies by 90.2% during the 1st quarter. Cornerstone Planning Group LLC now owns 390 shares of the company's stock valued at $33,000 after purchasing an additional 185 shares during the period. Atlantic Edge Private Wealth Management LLC lifted its holdings in Palantir Technologies by 45.5% in the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 400 shares of the company's stock worth $34,000 after purchasing an additional 125 shares in the last quarter. Finally, Godsey & Gibb Inc. boosted its stake in Palantir Technologies by 740.0% in the 1st quarter. Godsey & Gibb Inc. now owns 420 shares of the company's stock worth $35,000 after purchasing an additional 370 shares during the period. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Palantir Technologies Price Performance

Shares of NASDAQ:PLTR traded up $2.37 during trading hours on Wednesday, hitting $158.61. The company's stock had a trading volume of 39,926,272 shares, compared to its average volume of 53,452,752. The company has a market capitalization of $374.31 billion, a price-to-earnings ratio of 689.61, a P/E/G ratio of 13.32 and a beta of 2.59. Palantir Technologies Inc. has a 52 week low of $21.23 and a 52 week high of $160.39. The firm's fifty day moving average price is $139.03 and its 200 day moving average price is $110.71.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last announced 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 company 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 6.55% and a net margin of 18.32%. The firm's quarterly revenue was up 39.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.08 EPS. On average, equities research analysts predict that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

Insider Transactions at Palantir Technologies

In other news, insider David A. Glazer sold 30,812 shares of Palantir Technologies stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $126.39, for a total value of $3,894,328.68. Following the sale, the insider owned 495,497 shares in the company, valued at $62,625,865.83. This trade represents a 5.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Shyam Sankar sold 405,000 shares of the business's stock in a transaction dated 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 owned 702,786 shares in the company, valued at $92,823,974.88. The trade was a 36.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,485,632 shares of company stock valued at $191,222,623. 9.23% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Daiwa America raised shares of Palantir Technologies to a "hold" rating in a report on Tuesday, April 1st. DA Davidson boosted their price target on shares of Palantir Technologies from $100.00 to $115.00 and gave the stock a "neutral" rating in a research note on Tuesday, May 6th. Royal Bank Of Canada restated an "underperform" rating on shares of Palantir Technologies in a research report on Tuesday, May 6th. Deutsche Bank Aktiengesellschaft reiterated a "sell" rating on shares of Palantir Technologies in a research report on Tuesday, May 6th. Finally, Loop Capital raised their price target on Palantir Technologies from $155.00 to $178.00 and gave the company a "buy" rating in a report on Wednesday. Four research analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $96.45.

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.