3,580 Shares in Palantir Technologies Inc. (NASDAQ:PLTR) Purchased by Liberty Square Wealth Partners LLC

Liberty Square Wealth Partners LLC bought a new position in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 3,580 shares of the company's stock, valued at approximately $271,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of PLTR. Roxbury Financial LLC purchased a new position in Palantir Technologies during the fourth quarter valued at $27,000. HighMark Wealth Management LLC lifted its position in Palantir Technologies by 73.5% during the fourth quarter. HighMark Wealth Management LLC now owns 392 shares of the company's stock valued at $30,000 after purchasing an additional 166 shares in the last quarter. Sierra Ocean LLC purchased a new position in Palantir Technologies during the fourth quarter valued at $31,000. R Squared Ltd purchased a new position in Palantir Technologies during the fourth quarter valued at $33,000. Finally, First Command Advisory Services Inc. purchased a new position in Palantir Technologies during the fourth quarter valued at $34,000. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Palantir Technologies

In other news, insider Stephen Andrew Cohen sold 1,250,000 shares of the firm's stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $85.30, for a total transaction of $106,625,000.00. Following the sale, the insider now directly owns 592 shares in the company, valued at $50,497.60. This trade represents a 99.95% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Alexandra W. Schiff sold 6,776 shares of the firm's stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $86.63, for a total value of $587,004.88. Following the sale, the director now owns 184,617 shares in the company, valued at $15,993,370.71. This trade represents a 3.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 3,901,701 shares of company stock valued at $370,407,533. Corporate insiders own 9.23% of the company's stock.

Palantir Technologies Price Performance

Shares of NASDAQ:PLTR traded up $0.08 during trading hours on Tuesday, hitting $123.39. 86,177,009 shares of the company's stock traded hands, compared to its average volume of 77,906,130. Palantir Technologies Inc. has a 1 year low of $20.64 and a 1 year high of $133.49. The business has a fifty day moving average price of $103.41 and a 200-day moving average price of $88.49. The firm has a market capitalization of $289.39 billion, a P/E ratio of 649.46, a price-to-earnings-growth ratio of 10.84 and a beta of 2.68.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last announced its earnings results on Monday, May 5th. The company reported $0.13 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.13. Palantir Technologies had a return on equity of 6.85% and a net margin of 16.13%. The business had revenue of $883.86 million during the quarter, compared to analyst estimates of $863.89 million. During the same quarter in the previous year, the business earned $0.08 earnings per share. The company's revenue for the quarter was up 39.4% compared to the same quarter last year. As a group, equities analysts predict that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented 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 report on Tuesday, May 6th. Bank of America lifted their target price on Palantir Technologies from $90.00 to $125.00 and gave the stock a "buy" rating in a report on Tuesday, February 4th. William Blair set a $84.00 target price on Palantir Technologies in a report on Wednesday, March 5th. Cantor Fitzgerald lifted their target price on Palantir Technologies from $98.00 to $110.00 and gave the stock a "neutral" rating in a report on Tuesday, May 6th. Finally, Northland Securities lifted their target price on Palantir Technologies from $38.00 to $80.00 and gave the stock a "market perform" rating in a report on Tuesday, February 4th. Five equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Palantir Technologies presently has an average rating of "Hold" and a consensus target price of $83.95.

Palantir Technologies 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.