MassMutual Private Wealth & Trust FSB Has $650,000 Stake in Palantir Technologies Inc. (NASDAQ:PLTR)

MassMutual Private Wealth & Trust FSB raised its stake in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 52.2% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 7,704 shares of the company's stock after purchasing an additional 2,642 shares during the quarter. MassMutual Private Wealth & Trust FSB's holdings in Palantir Technologies were worth $650,000 at the end of the most recent quarter.

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

Wall Street Analyst Weigh In

PLTR has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft reiterated a "sell" rating on shares of Palantir Technologies in a research note on Tuesday, May 6th. UBS Group increased their target price on Palantir Technologies from $105.00 to $110.00 and gave the company a "neutral" rating in a research report on Tuesday, May 6th. Daiwa Capital Markets assumed coverage on Palantir Technologies in a research report on Tuesday, April 1st. They set a "neutral" rating and a $90.00 price objective on the stock. Royal Bank of Canada reaffirmed an "underperform" rating on shares of Palantir Technologies in a research report on Tuesday, May 6th. Finally, Mizuho raised their price target on shares of Palantir Technologies from $80.00 to $94.00 and gave the company an "underperform" rating in a report on Tuesday, May 6th. 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 data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $83.95.

Insiders Place Their Bets

In related news, Director Alexandra W. Schiff sold 6,776 shares of Palantir Technologies stock in a transaction that occurred on Wednesday, March 5th. The stock was 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 of the company's stock, valued at approximately $15,993,370.71. This trade represents a 3.54% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Stephen Andrew Cohen sold 1,250,000 shares of Palantir Technologies stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $82.75, for a total value of $103,437,500.00. Following the completion of the sale, the insider now directly owns 592 shares in the company, valued at approximately $48,988. This represents a 99.95% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 3,901,701 shares of company stock valued at $370,407,533. 9.23% of the stock is currently owned by corporate insiders.

Palantir Technologies Stock Up 3.5%

NASDAQ PLTR traded up $4.31 during midday trading on Friday, hitting $126.63. The company had a trading volume of 185,234,367 shares, compared to its average volume of 78,904,928. The stock 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. The firm has a fifty day simple moving average of $105.90 and a two-hundred day simple moving average of $89.86. Palantir Technologies Inc. has a fifty-two week low of $21.01 and a fifty-two week high of $133.49.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last issued its earnings results on Monday, May 5th. The company reported $0.13 earnings per share for the quarter, meeting the consensus estimate of $0.13. The business 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 firm's revenue was up 39.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.08 EPS. As a group, equities analysts predict 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.