Menard Financial Group LLC Has $1.81 Million Position in Palantir Technologies Inc. (NASDAQ:PLTR)

Menard Financial Group LLC boosted its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 12.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,974 shares of the company's stock after buying an additional 2,566 shares during the period. Palantir Technologies accounts for about 1.1% of Menard Financial Group LLC's portfolio, making the stock its 16th largest holding. Menard Financial Group LLC's holdings in Palantir Technologies were worth $1,813,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Roxbury Financial LLC purchased a new stake in shares of Palantir Technologies in the fourth quarter valued at approximately $27,000. HighMark Wealth Management LLC lifted its holdings in Palantir Technologies by 73.5% in 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 acquired a new position in Palantir Technologies in the fourth quarter valued at approximately $31,000. R Squared Ltd acquired a new position in Palantir Technologies in the fourth quarter valued at approximately $33,000. Finally, First Command Advisory Services Inc. acquired a new position in Palantir Technologies in the fourth quarter valued at approximately $34,000. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

PLTR has been the topic of several analyst reports. Cantor Fitzgerald increased their price objective on Palantir Technologies from $98.00 to $110.00 and gave the company a "neutral" rating in a research note on Tuesday, May 6th. Royal Bank of Canada reaffirmed an "underperform" rating on shares of Palantir Technologies in a report on Tuesday, May 6th. DA Davidson raised their price target on Palantir Technologies from $100.00 to $115.00 and gave the stock a "neutral" rating in a report on Tuesday, May 6th. Loop Capital raised their price target on Palantir Technologies from $125.00 to $130.00 and gave the stock a "buy" rating in a report on Tuesday, May 6th. Finally, Morgan Stanley raised their price target on Palantir Technologies from $90.00 to $98.00 and gave the stock an "equal weight" rating in a report on Tuesday, May 6th. Five research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $83.95.

Insiders Place Their Bets

In other Palantir Technologies news, Director Lauren Elaina Friedman Stat sold 800 shares of the firm's stock in a transaction that occurred on Thursday, April 3rd. The shares were sold at an average price of $81.25, for a total transaction of $65,000.00. Following the sale, the director now directly owns 61,339 shares in the company, valued at approximately $4,983,793.75. This trade represents a 1.29% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Jeffrey Buckley sold 1,708 shares of the firm's stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $126.39, for a total transaction of $215,874.12. Following the sale, the insider now owns 34,468 shares in the company, valued at $4,356,410.52. This trade represents a 4.72% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 3,901,701 shares of company stock valued at $370,407,533 in the last 90 days. 9.23% of the stock is currently owned by insiders.

Palantir Technologies Stock Performance

Shares of NASDAQ:PLTR traded up $2.57 during trading on Friday, reaching $124.89. The company had a trading volume of 111,645,299 shares, compared to its average volume of 78,364,488. Palantir Technologies Inc. has a twelve month low of $21.01 and a twelve month high of $133.49. The firm has a market capitalization of $294.73 billion, a PE ratio of 654.15, a price-to-earnings-growth ratio of 10.84 and a beta of 2.68. The firm's fifty day moving average is $105.30 and its 200 day moving average is $89.40.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last released its quarterly 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 return on equity of 6.85% and a net margin of 16.13%. The company had revenue of $883.86 million during the quarter, compared to the consensus estimate of $863.89 million. During the same quarter in the prior year, the company posted $0.08 EPS. The firm's revenue 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.

Palantir Technologies Company 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.