11,267 Shares in Palantir Technologies Inc. (NASDAQ:PLTR) Acquired by Matauro LLC

Matauro LLC acquired a new stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 11,267 shares of the company's stock, valued at approximately $951,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in PLTR. Roxbury Financial LLC purchased a new position in shares of Palantir Technologies in the fourth quarter valued at approximately $27,000. HighMark Wealth Management LLC boosted its stake in Palantir Technologies by 73.5% during the 4th quarter. HighMark Wealth Management LLC now owns 392 shares of the company's stock worth $30,000 after purchasing an additional 166 shares during the period. Sierra Ocean LLC acquired a new stake in Palantir Technologies during the 4th quarter worth $31,000. Godsey & Gibb Inc. lifted its stake in shares of Palantir Technologies by 740.0% in the 1st quarter. Godsey & Gibb Inc. now owns 420 shares of the company's stock worth $35,000 after acquiring an additional 370 shares during the period. Finally, First Command Advisory Services Inc. purchased a new position in shares of Palantir Technologies in the 4th quarter valued at about $34,000. 45.65% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have issued reports on PLTR. Wedbush set a $140.00 price target on shares of Palantir Technologies and gave the stock an "outperform" rating in a research note on Tuesday, May 6th. Cantor Fitzgerald upped their price target on shares of Palantir Technologies from $98.00 to $110.00 and gave the company a "neutral" rating in a report on Tuesday, May 6th. Citigroup upped their price target on shares of Palantir Technologies from $110.00 to $115.00 and gave the stock a "neutral" rating in a research report on Thursday, May 8th. DA Davidson raised their price objective 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. Finally, The Goldman Sachs Group raised their target price on shares of Palantir Technologies from $80.00 to $90.00 and gave the stock a "neutral" rating in a report on Tuesday, May 6th. Five equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and three have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $86.30.

Insider Activity at Palantir Technologies

In other news, insider Shyam Sankar sold 405,000 shares of the company's stock in a transaction on 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 completion of the sale, the insider now owns 702,786 shares of the company's stock, valued at approximately $92,823,974.88. This represents a 36.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Stephen Andrew Cohen sold 310,000 shares of the company's stock in a transaction on Monday, March 17th. The shares were sold at an average price of $87.07, for a total transaction of $26,991,700.00. Following the completion of the sale, the insider now directly owns 592 shares of the company's stock, valued at $51,545.44. This trade represents a 99.81% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,816,925 shares of company stock valued at $215,448,358. Company insiders own 9.23% of the company's stock.

Palantir Technologies Stock Up 1.6%

Palantir Technologies stock traded up $2.21 during midday trading on Friday, hitting $137.40. 93,318,005 shares of the stock were exchanged, compared to its average volume of 80,799,506. Palantir Technologies Inc. has a 52-week low of $21.23 and a 52-week high of $140.00. The stock has a market capitalization of $324.25 billion, a price-to-earnings ratio of 723.20, a price-to-earnings-growth ratio of 10.84 and a beta of 2.64. The business's 50-day moving average price is $115.48 and its 200-day moving average price is $94.61.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last released its earnings results on Monday, May 5th. The company reported $0.13 earnings per share for the quarter, meeting analysts' consensus estimates of $0.13. The firm had revenue of $883.86 million for the quarter, compared to analysts' expectations of $863.89 million. Palantir Technologies had a net margin of 16.13% and a return on equity of 6.85%. The company's quarterly revenue was up 39.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.08 earnings per share. On average, sell-side analysts predict that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

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.