Jackson Square Capital LLC Makes New Investment in Palantir Technologies Inc. (NASDAQ:PLTR)

Jackson Square Capital LLC bought a new position in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 4,311 shares of the company's stock, valued at approximately $364,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Roxbury Financial LLC bought a new stake in shares of Palantir Technologies during the 4th quarter valued at about $27,000. HighMark Wealth Management LLC grew its position in shares of Palantir Technologies by 73.5% during the 4th quarter. HighMark Wealth Management LLC now owns 392 shares of the company's stock valued at $30,000 after buying an additional 166 shares during the last quarter. Sierra Ocean LLC bought a new stake in shares of Palantir Technologies during the 4th quarter valued at about $31,000. First Command Advisory Services Inc. bought a new stake in shares of Palantir Technologies during the 4th quarter valued at about $34,000. Finally, Summit Securities Group LLC bought a new stake in shares of Palantir Technologies during the 4th quarter valued at about $34,000. 45.65% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Wedbush set a $140.00 price objective on Palantir Technologies and gave the stock an "outperform" rating in a research report on Tuesday, May 6th. Daiwa Capital Markets began coverage on Palantir Technologies in a research report on Tuesday, April 1st. They issued a "neutral" rating and a $90.00 target price for the company. William Blair set a $84.00 target price on Palantir Technologies in a research report on Wednesday, March 5th. UBS Group upped their target price on Palantir Technologies from $105.00 to $110.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 6th. Finally, Citigroup upped their target price on Palantir Technologies from $110.00 to $115.00 and gave the stock a "neutral" rating in a research report on Thursday, May 8th. Five investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $86.30.

Palantir Technologies Trading Up 4.2%

NASDAQ:PLTR traded up $5.77 on Monday, reaching $143.17. 60,597,902 shares of the stock traded hands, compared to its average volume of 80,940,512. The company has a market capitalization of $337.86 billion, a price-to-earnings ratio of 753.32, a PEG ratio of 10.84 and a beta of 2.64. Palantir Technologies Inc. has a 12 month low of $21.23 and a 12 month high of $144.74. The company's fifty day simple moving average is $115.48 and its 200 day simple moving average is $95.01.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last announced its quarterly earnings results on Monday, May 5th. The company reported $0.13 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates 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 net margin of 16.13% and a return on equity of 6.85%. The business's quarterly revenue was up 39.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.08 EPS. Equities analysts anticipate that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Insider Buying and Selling

In other Palantir Technologies news, insider Stephen Andrew Cohen sold 309,696 shares of Palantir Technologies stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $126.39, for a total transaction of $39,142,477.44. Following the transaction, the insider now owns 592 shares of the company's stock, valued at $74,822.88. The trade was a 99.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Ryan D. Taylor sold 98,177 shares of Palantir Technologies stock in a transaction that occurred on Monday, March 31st. The shares were sold at an average price of $82.80, for a total transaction of $8,129,055.60. Following the sale, the insider now owns 403,171 shares in the company, 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. Over the last quarter, insiders have sold 1,506,925 shares of company stock valued at $188,456,658. 9.23% of the stock is owned by insiders.

About Palantir Technologies

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.