North Star Asset Management Inc. Has $622,000 Stock Position in Palantir Technologies Inc. (NASDAQ:PLTR)

North Star Asset Management Inc. lifted its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 33.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,229 shares of the company's stock after purchasing an additional 2,054 shares during the quarter. North Star Asset Management Inc.'s holdings in Palantir Technologies were worth $622,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Mather Group LLC. boosted its holdings in shares of Palantir Technologies by 101.4% during the 4th quarter. Mather Group LLC. now owns 890 shares of the company's stock worth $67,000 after buying an additional 448 shares during the period. Destiny Wealth Partners LLC bought a new stake in shares of Palantir Technologies during the 4th quarter worth $3,233,000. Grange Capital LLC bought a new stake in shares of Palantir Technologies during the 4th quarter worth $5,829,000. American Institute for Advanced Investment Management LLP bought a new stake in Palantir Technologies in the 4th quarter valued at $246,000. Finally, Sage Advisors LLC bought a new stake in Palantir Technologies in the 4th quarter valued at $369,000. 45.65% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

PLTR has been the subject of a number of research reports. Morgan Stanley increased their price target on shares of Palantir Technologies from $90.00 to $98.00 and gave the company an "equal weight" rating in a report on Tuesday, May 6th. Daiwa America raised shares of Palantir Technologies to a "hold" rating in a report on Tuesday, April 1st. Mizuho increased their price target on shares of Palantir Technologies from $80.00 to $94.00 and gave the company an "underperform" rating in a report on Tuesday, May 6th. Jefferies Financial Group increased their price target on shares of Palantir Technologies from $28.00 to $60.00 and gave the company an "underperform" rating in a report on Tuesday, February 4th. Finally, The Goldman Sachs Group increased their price target on shares of Palantir Technologies from $80.00 to $90.00 and gave the company a "neutral" rating in a report on Tuesday, May 6th. Five equities 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's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $83.95.

Palantir Technologies Trading Up 0.8%

PLTR opened at $123.31 on Friday. The stock has a market capitalization of $289.21 billion, a PE ratio of 649.03, a PEG ratio of 10.84 and a beta of 2.68. Palantir Technologies Inc. has a 1-year low of $20.64 and a 1-year high of $133.49. The firm has a 50-day moving average price of $102.66 and a two-hundred day moving average price of $87.81.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last posted its quarterly earnings data on Monday, May 5th. The company reported $0.13 earnings per share for the quarter, meeting the consensus estimate of $0.13. The firm had revenue of $883.86 million during the quarter, compared to analysts' expectations of $863.89 million. Palantir Technologies had a net margin of 16.13% and a return on equity of 6.85%. The company's quarterly revenue was up 39.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.08 EPS. On average, research analysts predict that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Insider Buying and Selling at Palantir Technologies

In other news, insider Stephen Andrew Cohen sold 1,250,000 shares of the firm's stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $82.75, for a total value of $103,437,500.00. Following the transaction, the insider now owns 592 shares of the company's stock, valued at approximately $48,988. This trade represents a 99.95% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Alexandra W. Schiff sold 6,776 shares of the firm's stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $86.63, for a total transaction of $587,004.88. Following the completion of the transaction, the director now directly owns 184,617 shares in the company, valued at $15,993,370.71. This trade represents a 3.54% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 3,931,701 shares of company stock worth $373,180,433. 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.

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