Mather Group LLC. Raises Holdings in Palantir Technologies Inc. (NASDAQ:PLTR)

Mather Group LLC. lifted its position in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 834.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,319 shares of the company's stock after acquiring an additional 7,429 shares during the quarter. Mather Group LLC.'s holdings in Palantir Technologies were worth $702,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of PLTR. Revolve Wealth Partners LLC acquired a new position in Palantir Technologies during the 4th quarter valued at about $450,000. Fisher Asset Management LLC acquired a new stake in Palantir Technologies in the fourth quarter worth about $647,000. Norden Group LLC purchased a new stake in shares of Palantir Technologies during the fourth quarter worth about $397,000. SRS Capital Advisors Inc. grew its stake in shares of Palantir Technologies by 133.2% during the fourth quarter. SRS Capital Advisors Inc. now owns 921 shares of the company's stock worth $70,000 after acquiring an additional 526 shares during the last quarter. Finally, Mission Wealth Management LP increased its holdings in shares of Palantir Technologies by 13.7% during the fourth quarter. Mission Wealth Management LP now owns 10,528 shares of the company's stock valued at $796,000 after acquiring an additional 1,270 shares in the last quarter. Hedge funds and other institutional investors own 45.65% of the company's stock.

Insider Buying and Selling

In other news, insider Ryan D. Taylor sold 33,335 shares of the stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $135.31, for a total transaction of $4,510,558.85. Following the transaction, the insider owned 363,755 shares in the company, valued at $49,219,689.05. This trade represents a 8.39% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Eric H. Woersching sold 10,214 shares of the business's stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $130.95, for a total transaction of $1,337,523.30. Following the completion of the sale, the director directly owned 2,348 shares of the company's stock, valued at approximately $307,470.60. The trade was a 81.31% decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,451,497 shares of company stock valued at $186,110,685 in the last 90 days. Corporate insiders own 9.23% of the company's stock.

Palantir Technologies Stock Performance

NASDAQ PLTR traded up $2.15 during mid-day trading on Friday, reaching $134.27. 41,812,483 shares of the stock were exchanged, compared to its average volume of 82,906,073. The company has a market capitalization of $316.85 billion, a P/E ratio of 583.76, a P/E/G ratio of 11.47 and a beta of 2.59. The business's 50 day moving average is $128.47 and its 200-day moving average is $101.48. Palantir Technologies Inc. has a 1 year low of $21.23 and a 1 year high of $148.22.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last posted its earnings results on Monday, May 5th. The company reported $0.13 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.13. Palantir Technologies had a net margin of 18.32% and a return on equity of 6.55%. The business had revenue of $883.86 million for the quarter, compared to analyst estimates of $863.89 million. During the same period in the prior year, the company posted $0.08 EPS. The company's revenue for the quarter was up 39.4% on a year-over-year basis. Equities analysts predict that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have weighed in on PLTR. Deutsche Bank Aktiengesellschaft reissued a "sell" rating on shares of Palantir Technologies in a research report on Tuesday, May 6th. The Goldman Sachs Group boosted their price objective 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. Loop Capital set a $155.00 target price on Palantir Technologies and gave the company a "buy" rating in a research report on Thursday, June 12th. Cantor Fitzgerald raised their target price on Palantir Technologies from $98.00 to $110.00 and gave the stock a "neutral" rating in a research note on Tuesday, May 6th. Finally, Daiwa America upgraded Palantir Technologies to a "hold" rating in a research note on Tuesday, April 1st. Five research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $89.32.

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.