2,474 Shares in Palantir Technologies Inc. (NASDAQ:PLTR) Acquired by J. L. Bainbridge & Co. Inc.

J. L. Bainbridge & Co. Inc. purchased a new stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 2,474 shares of the company's stock, valued at approximately $209,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Continuum Advisory LLC grew its holdings in shares of Palantir Technologies by 3.8% during the fourth quarter. Continuum Advisory LLC now owns 2,670 shares of the company's stock worth $202,000 after buying an additional 98 shares during the last quarter. Heritage Wealth Management Inc. CA lifted its holdings in shares of Palantir Technologies by 0.4% during the fourth quarter. Heritage Wealth Management Inc. CA now owns 29,024 shares of the company's stock worth $2,195,000 after purchasing an additional 111 shares during the period. True Wealth Design LLC lifted its stake in shares of Palantir Technologies by 29.3% in the fourth quarter. True Wealth Design LLC now owns 503 shares of the company's stock valued at $38,000 after purchasing an additional 114 shares during the period. Gemmer Asset Management LLC boosted its holdings in Palantir Technologies by 1.6% during the first quarter. Gemmer Asset Management LLC now owns 7,567 shares of the company's stock worth $639,000 after buying an additional 119 shares in the last quarter. Finally, Synergy Asset Management LLC boosted its holdings in Palantir Technologies by 1.7% during the first quarter. Synergy Asset Management LLC now owns 7,017 shares of the company's stock worth $592,000 after buying an additional 120 shares in the last quarter. Institutional investors and hedge funds own 45.65% of the company's stock.

Palantir Technologies Stock Down 9.4%

NASDAQ PLTR traded down $13.51 during trading hours on Friday, hitting $130.74. The company had a trading volume of 200,764,922 shares, compared to its average volume of 82,409,392. Palantir Technologies Inc. has a fifty-two week low of $21.23 and a fifty-two week high of $148.22. The business has a fifty day simple moving average of $125.24 and a 200-day simple moving average of $99.62. The firm has a market cap of $308.53 billion, a P/E ratio of 1,089.50, a price-to-earnings-growth ratio of 11.16 and a beta of 2.64.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last issued its earnings results on Monday, May 5th. The company reported $0.13 earnings per share for the quarter, hitting the consensus estimate of $0.13. Palantir Technologies had a return on equity of 6.55% and a net margin of 18.32%. The firm had revenue of $883.86 million for the quarter, compared to analyst estimates of $863.89 million. During the same period last year, the company earned $0.08 earnings per share. The firm's revenue for the quarter was up 39.4% on a year-over-year basis. Equities analysts forecast that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Analysts Set New Price Targets

PLTR has been the subject of several research reports. The Goldman Sachs Group lifted their price target on Palantir Technologies from $80.00 to $90.00 and gave the stock a "neutral" rating in a research note on Tuesday, May 6th. Daiwa Capital Markets initiated coverage on Palantir Technologies in a research note on Tuesday, April 1st. They set a "neutral" rating and a $90.00 price target for the company. Cantor Fitzgerald lifted their price target on Palantir Technologies from $98.00 to $110.00 and gave the stock a "neutral" rating in a research note on Tuesday, May 6th. Loop Capital set a $155.00 price objective on Palantir Technologies and gave the stock a "buy" rating in a research report on Thursday, June 12th. Finally, Royal Bank Of Canada reissued an "underperform" rating on shares of Palantir Technologies in a research note on Tuesday, May 6th. Five analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $89.32.

Insiders Place Their Bets

In other news, Director Lauren Elaina Friedman Stat sold 800 shares of the 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 completion of the transaction, 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Ryan D. Taylor sold 98,177 shares of the stock in a transaction on Monday, March 31st. The stock was sold at an average price of $82.80, for a total value of $8,129,055.60. Following the completion of the transaction, the insider now directly owns 403,171 shares of the company's stock, valued at approximately $33,382,558.80. The trade was a 19.58% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,506,925 shares of company stock valued at $188,456,658 over the last three months. Company insiders own 12.93% of the company's stock.

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.