5,210 Shares in Palantir Technologies Inc. (NASDAQ:PLTR) Acquired by M1 Capital Management LLC

M1 Capital Management LLC purchased a new stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,210 shares of the company's stock, valued at approximately $394,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Roxbury Financial LLC acquired a new position in Palantir Technologies in the fourth quarter valued at approximately $27,000. HighMark Wealth Management LLC increased its position in shares of Palantir Technologies by 73.5% during the fourth quarter. HighMark Wealth Management LLC now owns 392 shares of the company's stock worth $30,000 after acquiring an additional 166 shares in the last quarter. Sierra Ocean LLC bought a new stake in shares of Palantir Technologies in the fourth quarter valued at about $31,000. R Squared Ltd bought a new stake in Palantir Technologies in the 4th quarter valued at approximately $33,000. Finally, First Command Advisory Services Inc. acquired a new position in Palantir Technologies during the fourth quarter worth $34,000. 45.65% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Palantir Technologies

In related news, insider Stephen Andrew Cohen sold 1,250,000 shares of the firm's stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $82.75, for a total value of $103,437,500.00. Following the completion of the transaction, the insider now owns 592 shares in the company, valued at $48,988. This trade represents a 99.95% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Lauren Elaina Friedman Stat sold 800 shares of Palantir Technologies stock in a transaction that occurred on Thursday, April 3rd. The shares were sold at an average price of $81.25, for a total transaction of $65,000.00. Following the sale, the director now owns 61,339 shares of the company's stock, valued at approximately $4,983,793.75. The trade was a 1.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 3,901,701 shares of company stock worth $370,407,533 in the last 90 days. 9.23% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on PLTR shares. Citigroup boosted their price objective on shares of Palantir Technologies from $110.00 to $115.00 and gave the stock a "neutral" rating in a research note on Thursday, May 8th. DA Davidson boosted their target price on shares of Palantir Technologies from $100.00 to $115.00 and gave the company a "neutral" rating in a research report on Tuesday, May 6th. UBS Group increased their price target on Palantir Technologies from $105.00 to $110.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 6th. Daiwa America raised shares of Palantir Technologies to a "hold" rating in a report on Tuesday, April 1st. Finally, Wedbush set a $140.00 price target on Palantir Technologies and gave the company an "outperform" rating in a research note on Tuesday, May 6th. Five research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $83.95.

Palantir Technologies Stock Up 0.3%

PLTR stock traded up $0.37 during trading on Wednesday, reaching $123.76. The company's stock had a trading volume of 64,203,392 shares, compared to its average volume of 78,060,500. Palantir Technologies Inc. has a 1 year low of $20.64 and a 1 year high of $133.49. The company has a market capitalization of $290.26 billion, a P/E ratio of 651.40, a price-to-earnings-growth ratio of 10.84 and a beta of 2.68. The company's fifty day moving average is $104.78 and its 200-day moving average is $88.97.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last posted its earnings results on Monday, May 5th. The company reported $0.13 earnings per share for the quarter, hitting 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% on a year-over-year basis. During the same period in the previous year, the firm posted $0.08 EPS. Analysts anticipate that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

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.