Palantir Technologies Inc. (NASDAQ:PLTR) Stock Position Raised by Legacy Financial Strategies LLC

Legacy Financial Strategies LLC raised its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 27.3% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,329 shares of the company's stock after buying an additional 2,000 shares during the quarter. Legacy Financial Strategies LLC's holdings in Palantir Technologies were worth $787,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of PLTR. 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 valued at $202,000 after purchasing an additional 98 shares during the last quarter. Heritage Wealth Management Inc. CA grew 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 valued at $2,195,000 after purchasing an additional 111 shares during the last quarter. True Wealth Design LLC grew its holdings in shares of Palantir Technologies by 29.3% during 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 last quarter. Westover Capital Advisors LLC grew its holdings in shares of Palantir Technologies by 1.8% during the fourth quarter. Westover Capital Advisors LLC now owns 7,330 shares of the company's stock valued at $554,000 after purchasing an additional 130 shares during the last quarter. Finally, Tritonpoint Wealth LLC grew its holdings in shares of Palantir Technologies by 1.9% during the fourth quarter. Tritonpoint Wealth LLC now owns 7,100 shares of the company's stock valued at $537,000 after purchasing an additional 132 shares during the last quarter. Institutional investors and hedge funds own 45.65% of the company's stock.

Wall Street Analysts Forecast Growth

PLTR has been the subject of several recent research reports. Wedbush set a $140.00 target price on Palantir Technologies and gave the company an "outperform" rating in a report on Tuesday, May 6th. Cantor Fitzgerald upped their target price on Palantir Technologies from $98.00 to $110.00 and gave the company a "neutral" rating in a report on Tuesday, May 6th. Robert W. Baird upped their target price on Palantir Technologies from $70.00 to $100.00 and gave the company a "neutral" rating in a report on Tuesday, February 4th. Mizuho upped their target price on Palantir Technologies from $80.00 to $94.00 and gave the company an "underperform" rating in a report on Tuesday, May 6th. Finally, Jefferies Financial Group upped their target price on Palantir Technologies from $28.00 to $60.00 and gave the company an "underperform" rating in a report on Tuesday, February 4th. Five investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $83.95.

Palantir Technologies Stock Up 3.5%

NASDAQ PLTR traded up $4.31 on Friday, reaching $126.63. 185,234,367 shares of the stock traded hands, compared to its average volume of 78,904,928. The firm's fifty day simple moving average is $105.90 and its 200 day simple moving average is $90.06. The company has a market cap of $298.84 billion, a price-to-earnings ratio of 666.51, a P/E/G ratio of 10.84 and a beta of 2.68. Palantir Technologies Inc. has a 12 month low of $21.01 and a 12 month high of $133.49.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last issued 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 during the quarter, compared to analyst estimates of $863.89 million. Palantir Technologies had a return on equity of 6.85% and a net margin of 16.13%. The firm's quarterly revenue was up 39.4% on a year-over-year basis. During the same period last year, the company posted $0.08 EPS. As a group, equities research analysts forecast that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Insider Buying and Selling at Palantir Technologies

In other news, Director Alexandra W. Schiff sold 6,776 shares of the firm's stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $86.63, for a total transaction of $587,004.88. Following the completion of the sale, the director now directly owns 184,617 shares of the company's stock, valued at $15,993,370.71. This trade represents a 3.54% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Ryan D. Taylor sold 3,936 shares of the firm's stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $125.97, for a total value of $495,817.92. Following the sale, the insider now directly owns 363,755 shares of the company's stock, valued at approximately $45,822,217.35. This represents a 1.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 3,901,701 shares of company stock valued at $370,407,533. 9.23% of the stock is owned by corporate insiders.

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.