Matisse Capital Makes New $338,000 Investment in Palantir Technologies Inc. (NASDAQ:PLTR)

Matisse Capital purchased a new position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 4,000 shares of the company's stock, valued at approximately $338,000.

A number of other large investors have also bought and sold shares of PLTR. First Command Advisory Services Inc. acquired a new position in shares of Palantir Technologies during the fourth quarter valued at $34,000. Summit Securities Group LLC bought a new stake in shares of Palantir Technologies during the fourth quarter worth approximately $34,000. Fairfield Financial Advisors LTD bought a new position in Palantir Technologies in the fourth quarter valued at approximately $35,000. Godsey & Gibb Inc. grew its holdings in Palantir Technologies by 740.0% during 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, Runnymede Capital Advisors Inc. acquired a new stake in Palantir Technologies during the 4th quarter worth $36,000. 45.65% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

PLTR has been the subject of a number of recent analyst reports. Morgan Stanley upped their price objective on Palantir Technologies from $90.00 to $98.00 and gave the company an "equal weight" rating in a report on Tuesday, May 6th. Deutsche Bank Aktiengesellschaft reaffirmed a "sell" rating on shares of Palantir Technologies in a research note on Tuesday, May 6th. Mizuho raised their price objective on Palantir Technologies from $94.00 to $116.00 and gave the stock an "underperform" rating in a research note on Wednesday, June 11th. Cantor Fitzgerald raised their price objective 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, Wedbush set a $140.00 price objective on Palantir Technologies and gave the stock an "outperform" rating in a research note on Tuesday, May 6th. Five analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $89.32.

Palantir Technologies Trading Down 9.4%

Shares of NASDAQ PLTR traded down $13.51 during mid-day trading on Friday, hitting $130.74. The company had a trading volume of 200,764,922 shares, compared to its average volume of 82,409,392. The company has a market capitalization of $308.53 billion, a PE ratio of 568.43, a price-to-earnings-growth ratio of 11.16 and a beta of 2.64. The firm has a 50-day simple moving average of $125.24 and a two-hundred day simple moving average of $99.62. Palantir Technologies Inc. has a one year low of $21.23 and a one year high of $148.22.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last announced its quarterly earnings data on Monday, May 5th. The company reported $0.13 earnings per share for the quarter, meeting the consensus estimate of $0.13. The company had revenue of $883.86 million during the quarter, compared to analysts' expectations of $863.89 million. Palantir Technologies had a return on equity of 6.55% and a net margin of 18.32%. Palantir Technologies's revenue for the quarter was up 39.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.08 EPS. Sell-side analysts expect that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

Insider Buying and Selling at Palantir Technologies

In related news, insider Shyam Sankar sold 405,000 shares of the stock in a transaction on Tuesday, June 10th. The stock was 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 in the company, valued at approximately $92,823,974.88. This represents a 36.56% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Ryan D. Taylor sold 98,177 shares of Palantir Technologies stock in a transaction on Monday, March 31st. The stock was sold at an average price of $82.80, for a total transaction of $8,129,055.60. Following the transaction, the insider now directly owns 403,171 shares of the company's stock, valued at approximately $33,382,558.80. This trade represents a 19.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,506,925 shares of company stock worth $188,456,658 over the last 90 days. Company insiders own 9.23% of the company's stock.

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.