5,175 Shares in Palantir Technologies Inc. (NASDAQ:PLTR) Purchased by McMill Wealth Management

McMill Wealth Management bought a new position in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 5,175 shares of the company's stock, valued at approximately $391,000.

Several other hedge funds have also recently modified their holdings of PLTR. Roxbury Financial LLC bought a new stake in Palantir Technologies in the fourth quarter worth $27,000. First PREMIER Bank bought a new position in Palantir Technologies during the fourth quarter valued at $28,000. HighMark Wealth Management LLC increased its position in Palantir Technologies by 73.5% during the fourth quarter. HighMark Wealth Management LLC now owns 392 shares of the company's stock valued at $30,000 after acquiring an additional 166 shares during the last quarter. Sierra Ocean LLC bought a new position in Palantir Technologies during the fourth quarter valued at $31,000. Finally, R Squared Ltd bought a new position in Palantir Technologies during the fourth quarter valued at $33,000. Hedge funds and other institutional investors own 45.65% of the company's stock.

Palantir Technologies Stock Down 0.5%

NASDAQ PLTR traded down $0.60 during trading on Tuesday, hitting $122.72. The stock had a trading volume of 47,480,825 shares, compared to its average volume of 77,774,434. The firm has a 50 day moving average price of $103.41 and a 200 day moving average price of $88.49. The company has a market capitalization of $287.81 billion, a PE ratio of 643.30, a PEG ratio of 10.84 and a beta of 2.68. Palantir Technologies Inc. has a twelve month low of $20.64 and a twelve month high of $133.49.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last posted its earnings results on Monday, May 5th. The company reported $0.13 earnings per share 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 firm had revenue of $883.86 million during the quarter, compared to analysts' expectations of $863.89 million. During the same quarter in the previous year, the business earned $0.08 earnings per share. The firm's revenue was up 39.4% compared to the same quarter last year. On average, sell-side analysts anticipate that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Insider Activity

In related news, insider Stephen Andrew Cohen sold 1,250,000 shares of the company's stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $82.75, for a total transaction of $103,437,500.00. Following the transaction, the insider now owns 592 shares of the company's stock, valued at $48,988. This represents a 99.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Jeffrey Buckley sold 1,708 shares of the company's stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $126.39, for a total value of $215,874.12. Following the transaction, the insider now directly owns 34,468 shares in the company, valued at $4,356,410.52. This represents a 4.72% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 3,901,701 shares of company stock valued at $370,407,533. Company insiders own 9.23% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on PLTR. Royal Bank of Canada reiterated an "underperform" rating on shares of Palantir Technologies in a research report on Tuesday, May 6th. Jefferies Financial Group boosted their price objective on shares of Palantir Technologies from $28.00 to $60.00 and gave the company an "underperform" rating in a research report on Tuesday, February 4th. Deutsche Bank Aktiengesellschaft reiterated a "sell" rating on shares of Palantir Technologies in a research report on Tuesday, May 6th. UBS Group upped their price target on shares of Palantir Technologies from $105.00 to $110.00 and gave the stock a "neutral" rating in a report on Tuesday, May 6th. Finally, Daiwa America upgraded shares of Palantir Technologies to a "hold" rating in a report on Tuesday, April 1st. Five equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, Palantir Technologies presently has an average rating of "Hold" and an average price target of $83.95.

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.