Kera Capital Partners Inc. Makes New $241,000 Investment in Palantir Technologies Inc. (NASDAQ:PLTR)

Kera Capital Partners Inc. purchased a new position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,853 shares of the company's stock, valued at approximately $241,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. MassMutual Private Wealth & Trust FSB boosted its position in Palantir Technologies by 52.2% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 7,704 shares of the company's stock worth $650,000 after purchasing an additional 2,642 shares during the last quarter. Mascagni Wealth Management Inc. purchased a new position in shares of Palantir Technologies during the 4th quarter valued at $2,058,000. M1 Capital Management LLC purchased a new position in shares of Palantir Technologies during the 4th quarter valued at $394,000. Objective Capital Management LLC purchased a new position in shares of Palantir Technologies during the 4th quarter valued at $216,000. Finally, Thoma Capital Management LLC purchased a new position in shares of Palantir Technologies during the 4th quarter valued at $383,000. Hedge funds and other institutional investors own 45.65% of the company's stock.

Insider Activity

In related news, insider Alexander C. Karp sold 39,825 shares of the firm's stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $125.97, for a total transaction of $5,016,755.25. Following the completion of the transaction, the insider now owns 6,432,258 shares of the company's stock, valued at $810,271,540.26. This trade represents a 0.62% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jeffrey Buckley sold 1,708 shares of the firm's stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $126.39, for a total value of $215,874.12. Following the transaction, the insider now directly owns 34,468 shares of the company's stock, valued at approximately $4,356,410.52. This trade represents a 4.72% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 3,901,701 shares of company stock worth $370,407,533 in the last quarter. 9.23% of the stock is owned by company insiders.

Palantir Technologies Trading Up 0.2%

NASDAQ PLTR traded up $0.26 on Monday, hitting $132.04. The company's stock had a trading volume of 92,973,892 shares, compared to its average volume of 78,962,183. Palantir Technologies Inc. has a 52-week low of $21.01 and a 52-week high of $134.48. The company's 50-day simple moving average is $106.69 and its 200 day simple moving average is $90.74. The firm has a market cap of $311.60 billion, a P/E ratio of 694.98, a PEG ratio of 10.84 and a beta of 2.68.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last released its earnings results on Monday, May 5th. The company reported $0.13 EPS for the quarter, meeting analysts' consensus estimates of $0.13. The company had revenue of $883.86 million during the quarter, compared to analysts' expectations of $863.89 million. Palantir Technologies had a return on equity of 6.85% and a net margin of 16.13%. The firm's revenue for the quarter was up 39.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.08 EPS. On average, research analysts forecast that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Loop Capital boosted their price objective on Palantir Technologies from $125.00 to $130.00 and gave the company a "buy" rating in a research note on Tuesday, May 6th. Wedbush set a $140.00 price objective on Palantir Technologies and gave the company an "outperform" rating in a research note on Tuesday, May 6th. DA Davidson boosted their price objective on Palantir Technologies from $100.00 to $115.00 and gave the company a "neutral" rating in a research note on Tuesday, May 6th. Deutsche Bank Aktiengesellschaft reiterated a "sell" rating on shares of Palantir Technologies in a research note on Tuesday, May 6th. Finally, William Blair set a $84.00 price objective on Palantir Technologies in a research note on Wednesday, March 5th. Five equities research 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 data from MarketBeat.com, Palantir Technologies presently has an average rating of "Hold" and a consensus price target 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.