McBroom & Associates LLC Acquires 10,734 Shares of Palantir Technologies Inc. (NASDAQ:PLTR)

McBroom & Associates LLC raised its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 14.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 85,088 shares of the company's stock after acquiring an additional 10,734 shares during the period. Palantir Technologies comprises approximately 4.1% of McBroom & Associates LLC's investment portfolio, making the stock its 12th largest holding. McBroom & Associates LLC's holdings in Palantir Technologies were worth $7,181,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in the business. Tcfg Wealth Management LLC increased its position in shares of Palantir Technologies by 22.3% during the 1st quarter. Tcfg Wealth Management LLC now owns 8,634 shares of the company's stock valued at $729,000 after purchasing an additional 1,576 shares during the last quarter. Grant Private Wealth Management Inc increased its position in shares of Palantir Technologies by 144.6% during the 1st quarter. Grant Private Wealth Management Inc now owns 13,114 shares of the company's stock valued at $1,107,000 after purchasing an additional 7,753 shares during the last quarter. Everpar Advisors LLC increased its position in shares of Palantir Technologies by 13.0% during the 1st quarter. Everpar Advisors LLC now owns 3,599 shares of the company's stock valued at $304,000 after purchasing an additional 413 shares during the last quarter. CRA Financial Services LLC increased its position in shares of Palantir Technologies by 21.4% during the 1st quarter. CRA Financial Services LLC now owns 7,308 shares of the company's stock valued at $617,000 after purchasing an additional 1,287 shares during the last quarter. Finally, Opal Wealth Advisors LLC purchased a new stake in Palantir Technologies in the 1st quarter worth about $90,000. 45.65% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. William Blair set a $84.00 price objective on Palantir Technologies in a report on Wednesday, March 5th. Daiwa America raised Palantir Technologies to a "hold" rating in a report on Tuesday, April 1st. Daiwa Capital Markets assumed coverage on Palantir Technologies in a report on Tuesday, April 1st. They issued a "neutral" rating and a $90.00 price objective for the company. Loop Capital lifted their price objective on Palantir Technologies from $130.00 to $155.00 and gave the stock a "buy" rating in a report on Thursday. Finally, UBS Group lifted their price objective on Palantir Technologies from $105.00 to $110.00 and gave the stock a "neutral" rating in a report on Tuesday, May 6th. Five research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $86.30.

Palantir Technologies Trading Up 1.6%

Palantir Technologies stock traded up $2.21 during mid-day trading on Friday, hitting $137.40. The company had a trading volume of 93,318,005 shares, compared to its average volume of 81,017,198. The stock's 50 day moving average price is $115.48 and its two-hundred day moving average price is $94.81. Palantir Technologies Inc. has a 12 month low of $21.23 and a 12 month high of $140.00. The company has a market capitalization of $324.25 billion, a PE ratio of 723.20, a price-to-earnings-growth ratio of 10.84 and a beta of 2.64.

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, hitting the consensus estimate of $0.13. Palantir Technologies had a return on equity of 6.85% and a net margin of 16.13%. The business had revenue of $883.86 million for the quarter, compared to the consensus estimate of $863.89 million. During the same period in the previous year, the company posted $0.08 earnings per share. The company's revenue for the quarter was up 39.4% compared to the same quarter last year. Equities research analysts anticipate that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Insiders Place Their Bets

In other news, Director Lauren Elaina Friedman Stat sold 800 shares of the company's stock in a transaction on Thursday, April 3rd. The stock was sold at an average price of $81.25, for a total transaction of $65,000.00. Following the transaction, the director now directly owns 61,339 shares of the company's stock, valued at $4,983,793.75. This represents a 1.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, 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 transaction, the insider now directly owns 702,786 shares in the company, valued at approximately $92,823,974.88. The trade was a 36.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,816,925 shares of company stock valued at $215,448,358. 9.23% of the stock is currently owned by corporate insiders.

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.