Mezzasalma Advisors LLC Boosts Stock Holdings in Palantir Technologies Inc. (NASDAQ:PLTR)

Mezzasalma Advisors LLC boosted its position in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 108.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,802 shares of the company's stock after acquiring an additional 4,572 shares during the quarter. Mezzasalma Advisors LLC's holdings in Palantir Technologies were worth $743,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently made changes to their positions in PLTR. HighMark Wealth Management LLC raised its holdings in shares of 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 in the last quarter. Sierra Ocean LLC bought a new stake in Palantir Technologies in the 4th quarter worth about $31,000. First Command Advisory Services Inc. purchased a new stake in Palantir Technologies during the 4th quarter valued at $34,000. Summit Securities Group LLC purchased a new stake in shares of Palantir Technologies during the 4th quarter valued at about $34,000. Finally, Fairfield Financial Advisors LTD bought a new stake in Palantir Technologies during the fourth quarter valued at about $35,000. 45.65% of the stock is owned by hedge funds and other institutional investors.

Palantir Technologies Trading Up 1.3%

PLTR stock traded up $1.76 during midday trading on Wednesday, hitting $139.96. 58,100,428 shares of the company's stock were exchanged, compared to its average volume of 80,990,429. The business has a 50-day simple moving average of $117.68 and a two-hundred day simple moving average of $95.83. The stock has a market capitalization of $330.29 billion, a PE ratio of 608.52, a P/E/G ratio of 11.93 and a beta of 2.64. Palantir Technologies Inc. has a 1-year low of $21.23 and a 1-year high of $144.86.

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

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on PLTR. Daiwa America raised Palantir Technologies to a "hold" rating in a research note on Tuesday, April 1st. Wedbush set a $140.00 price objective on Palantir Technologies and gave the company an "outperform" rating in a research report on Tuesday, May 6th. Morgan Stanley lifted 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. William Blair set a $84.00 price target on shares of Palantir Technologies in a research report on Wednesday, March 5th. Finally, Cantor Fitzgerald boosted their target price on shares of Palantir Technologies from $98.00 to $110.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 6th. Five analysts have rated the stock with a sell rating, fifteen have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Palantir Technologies has a consensus rating of "Hold" and an average price target of $89.32.

Insider Buying and Selling at Palantir Technologies

In related news, Director Lauren Elaina Friedman Stat sold 800 shares of the stock in a transaction on Thursday, April 3rd. The shares were sold at an average price of $81.25, for a total value 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 trade represents a 1.29% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Ryan D. Taylor sold 98,177 shares of Palantir Technologies stock in a transaction that occurred on Monday, March 31st. The stock was sold at an average price of $82.80, for a total value of $8,129,055.60. Following the transaction, the insider now directly owns 403,171 shares in the company, valued at approximately $33,382,558.80. This trade represents a 19.58% decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,506,925 shares of company stock valued at $188,456,658 in the last 90 days. Company insiders own 9.23% of the company's stock.

About Palantir Technologies

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.