MADDEN SECURITIES Corp Takes $1.51 Million Position in Palantir Technologies Inc. (NASDAQ:PLTR)

MADDEN SECURITIES Corp purchased a new stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 17,836 shares of the company's stock, valued at approximately $1,505,000.

Several other hedge funds have also made changes to their positions in the company. Sage Advisors LLC acquired a new stake in shares of Palantir Technologies in the fourth quarter valued at $369,000. MGB Wealth Management LLC acquired a new position in Palantir Technologies in the 4th quarter valued at about $278,000. Asset Planning Inc acquired a new stake in shares of Palantir Technologies during the fourth quarter worth about $101,000. WealthPlan Investment Management LLC boosted its stake in shares of Palantir Technologies by 145.2% in the fourth quarter. WealthPlan Investment Management LLC now owns 35,805 shares of the company's stock valued at $2,708,000 after purchasing an additional 21,204 shares during the period. Finally, Pitcairn Co. acquired a new position in shares of Palantir Technologies in the fourth quarter valued at approximately $281,000. Hedge funds and other institutional investors own 45.65% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Wedbush set a $140.00 target price on shares of Palantir Technologies and gave the stock an "outperform" rating in a research note on Tuesday, May 6th. Loop Capital boosted their target price on Palantir Technologies from $130.00 to $155.00 and gave the stock a "buy" rating in a research note on Thursday. Mizuho increased their price target on shares of Palantir Technologies from $94.00 to $116.00 and gave the company an "underperform" rating in a research note on Wednesday. The Goldman Sachs Group upped their target price on shares of Palantir Technologies from $80.00 to $90.00 and gave the company a "neutral" rating in a report on Tuesday, May 6th. Finally, Citigroup boosted their price target on shares of Palantir Technologies from $110.00 to $115.00 and gave the company a "neutral" rating in a research report on Thursday, May 8th. Five 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 MarketBeat, Palantir Technologies has an average rating of "Hold" and an average price target of $86.30.

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, insider Shyam Sankar sold 405,000 shares of the company's stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $132.08, for a total value of $53,492,400.00. Following the sale, the insider now owns 702,786 shares of the company's stock, valued at $92,823,974.88. This represents a 36.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Lauren Elaina Friedman Stat sold 800 shares of the company's stock in a transaction on Thursday, April 3rd. The shares were sold at an average price of $81.25, for a total value of $65,000.00. Following the completion of the sale, the director now owns 61,339 shares in the company, valued at $4,983,793.75. This represents a 1.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,816,925 shares of company stock valued at $215,448,358. Insiders own 9.23% of the company's stock.

Palantir Technologies Stock Performance

PLTR traded up $3.03 during trading on Friday, reaching $138.22. The company's stock had a trading volume of 49,361,517 shares, compared to its average volume of 80,416,643. The company's fifty day moving average price is $114.28 and its 200-day moving average price is $94.12. The company has a market capitalization of $326.18 billion, a price-to-earnings ratio of 729.27, a price-to-earnings-growth ratio of 10.84 and a beta of 2.64. Palantir Technologies Inc. has a 52-week low of $21.23 and a 52-week high of $140.00.

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. Palantir Technologies had a return on equity of 6.85% and a net margin of 16.13%. The company had revenue of $883.86 million during the quarter, compared to the consensus estimate of $863.89 million. During the same quarter last year, the company earned $0.08 earnings per share. Palantir Technologies's quarterly revenue was up 39.4% compared to the same quarter last year. Equities analysts predict that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

About Palantir Technologies

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.