Kure Advisory LLC Acquires New Stake in Palantir Technologies Inc. (NASDAQ:PLTR)

Kure Advisory LLC bought 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 disclosure with the SEC. The fund bought 3,152 shares of the company's stock, valued at approximately $266,000.

A number of other large investors also recently made changes to their positions in PLTR. Roxbury Financial LLC bought a new stake in Palantir Technologies during the fourth quarter worth $27,000. HighMark Wealth Management LLC grew its stake in shares of Palantir Technologies by 73.5% in 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 last quarter. Sierra Ocean LLC bought a new stake in shares of Palantir Technologies in the 4th quarter valued at about $31,000. R Squared Ltd acquired a new position in shares of Palantir Technologies in the 4th quarter worth approximately $33,000. Finally, First Command Advisory Services Inc. bought a new stake in shares of Palantir Technologies in the 4th quarter valued at $34,000. Institutional investors own 45.65% of the company's stock.

Palantir Technologies Trading Down 7.8%

Shares of NASDAQ:PLTR traded down $10.10 during trading on Thursday, reaching $119.91. The company had a trading volume of 129,811,838 shares, compared to its average volume of 79,615,657. The company has a fifty day moving average of $108.44 and a two-hundred day moving average of $91.31. The stock has a market capitalization of $282.98 billion, a P/E ratio of 631.14, a price-to-earnings-growth 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 $135.28.

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

Insider Buying and Selling at Palantir Technologies

In other news, insider Shyam Sankar sold 150,814 shares of the business's stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $126.39, for a total value of $19,061,381.46. Following the completion of the sale, the insider now owns 702,786 shares in the company, valued at approximately $88,825,122.54. The trade was a 17.67% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Stephen Andrew Cohen sold 1,250,000 shares of the company's stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $85.30, for a total value of $106,625,000.00. Following the transaction, the insider now directly owns 592 shares in the company, valued at $50,497.60. This represents a 99.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 3,894,925 shares of company stock worth $369,820,528 in the last three months. 9.23% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on PLTR. Morgan Stanley boosted their target price on shares of Palantir Technologies from $90.00 to $98.00 and gave the company an "equal weight" rating in a report on Tuesday, May 6th. William Blair set a $84.00 target price on Palantir Technologies in a research note on Wednesday, March 5th. Daiwa Capital Markets initiated coverage on Palantir Technologies in a report on Tuesday, April 1st. They issued a "neutral" rating and a $90.00 target price for the company. Citigroup raised their price objective on shares of Palantir Technologies from $110.00 to $115.00 and gave the stock a "neutral" rating in a research report on Thursday, May 8th. Finally, Daiwa America upgraded shares of Palantir Technologies to a "hold" rating in a research report on Tuesday, April 1st. Five investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock 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.