3,750 Shares in Palantir Technologies Inc. (NASDAQ:PLTR) Bought by NCP Inc.

NCP Inc. acquired a new position in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 3,750 shares of the company's stock, valued at approximately $316,000.

Several other large investors have also made changes to their positions in the business. Mechanics Financial Corp acquired a new stake in Palantir Technologies in the 1st quarter worth $25,000. Richardson Capital Management LLC acquired a new position in shares of Palantir Technologies in the first quarter valued at $33,000. Cornerstone Planning Group LLC increased its stake in Palantir Technologies by 90.2% in the first quarter. Cornerstone Planning Group LLC now owns 390 shares of the company's stock valued at $33,000 after acquiring an additional 185 shares during the period. Summit Securities Group LLC acquired a new position in Palantir Technologies in the fourth quarter worth about $34,000. Finally, Atlantic Edge Private Wealth Management LLC lifted its stake in Palantir Technologies by 45.5% during the first quarter. Atlantic Edge Private Wealth Management LLC now owns 400 shares of the company's stock worth $34,000 after purchasing an additional 125 shares during the period. Institutional investors and hedge funds own 45.65% of the company's stock.

Palantir Technologies Trading Up 0.1%

Shares of NASDAQ:PLTR traded up $0.23 during trading on Thursday, hitting $154.86. 38,806,947 shares of the company's stock traded hands, compared to its average volume of 66,333,364. The company has a 50-day moving average price of $136.44 and a 200-day moving average price of $108.24. Palantir Technologies Inc. has a 52 week low of $21.23 and a 52 week high of $155.68. The company has a market cap of $365.46 billion, a price-to-earnings ratio of 673.30, a price-to-earnings-growth ratio of 13.20 and a beta of 2.59.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last announced its quarterly earnings results on Monday, May 5th. The company reported $0.13 earnings per share for the quarter, meeting analysts' consensus estimates of $0.13. Palantir Technologies had a net margin of 18.32% and a return on equity of 6.55%. The firm 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 firm posted $0.08 earnings per share. The business's revenue was up 39.4% on a year-over-year basis. On average, analysts predict that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Daiwa America raised Palantir Technologies to a "hold" rating in a report on Tuesday, April 1st. DA Davidson increased their target price on shares of Palantir Technologies from $100.00 to $115.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 6th. Wedbush set a $160.00 price target on shares of Palantir Technologies in a research report on Thursday, July 10th. The Goldman Sachs Group lifted their price objective on Palantir Technologies from $80.00 to $90.00 and gave the company a "neutral" rating in a research report on Tuesday, May 6th. Finally, Mizuho upgraded Palantir Technologies from an "underperform" rating to a "neutral" rating and increased their target price for the stock from $116.00 to $135.00 in a report on Wednesday, July 16th. Four investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $91.37.

Insider Transactions at Palantir Technologies

In other Palantir Technologies news, insider David A. Glazer sold 30,812 shares of Palantir Technologies stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $126.39, for a total value of $3,894,328.68. Following the sale, the insider owned 495,497 shares of the company's stock, valued at $62,625,865.83. This trade represents a 5.85% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Alexander C. Karp sold 358,982 shares of the company's stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $126.39, for a total value of $45,371,734.98. Following the transaction, the insider directly owned 6,432,258 shares of the company's stock, valued at $812,973,088.62. This represents a 5.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,485,632 shares of company stock worth $191,222,623. Company insiders own 9.23% of the company's stock.

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.