NorthCrest Asset Manangement LLC Buys Shares of 4,846 Palantir Technologies Inc. (NASDAQ:PLTR)

NorthCrest Asset Manangement LLC bought a new position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,846 shares of the company's stock, valued at approximately $366,000.

Several other large investors have also recently added to or reduced their stakes in PLTR. Roxbury Financial LLC purchased a new position in Palantir Technologies during the fourth quarter worth about $27,000. HighMark Wealth Management LLC lifted 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 worth $30,000 after buying an additional 166 shares during the period. Sierra Ocean LLC purchased a new position in Palantir Technologies during the fourth quarter worth about $31,000. R Squared Ltd purchased a new position in Palantir Technologies during the fourth quarter worth about $33,000. Finally, First Command Advisory Services Inc. purchased a new position in Palantir Technologies during the fourth quarter worth about $34,000. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have recently commented on PLTR. The Goldman Sachs Group raised their price objective on Palantir Technologies from $80.00 to $90.00 and gave the stock a "neutral" rating in a report on Tuesday, May 6th. Daiwa America upgraded Palantir Technologies to a "hold" rating in a report on Tuesday, April 1st. Robert W. Baird raised their price objective on Palantir Technologies from $70.00 to $100.00 and gave the stock a "neutral" rating in a report on Tuesday, February 4th. UBS Group raised their price objective on Palantir Technologies from $105.00 to $110.00 and gave the stock a "neutral" rating in a report on Tuesday, May 6th. Finally, Loop Capital raised their price objective on Palantir Technologies from $125.00 to $130.00 and gave the stock a "buy" 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, Palantir Technologies presently has an average rating of "Hold" and an average target price of $83.95.

Insider Buying and Selling at Palantir Technologies

In other news, Director Lauren Elaina Friedman Stat sold 800 shares of Palantir Technologies stock in a transaction that occurred on Thursday, April 3rd. The stock was sold at an average price of $81.25, for a total value of $65,000.00. Following the completion of the transaction, the director now 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Stephen Andrew Cohen sold 1,250,000 shares of Palantir Technologies stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $82.75, for a total value of $103,437,500.00. Following the completion of the transaction, the insider now owns 592 shares of the company's stock, valued at approximately $48,988. The trade was a 99.95% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 3,901,701 shares of company stock worth $370,407,533 in the last 90 days. 9.23% of the stock is owned by corporate insiders.

Palantir Technologies Trading Up 0.9%

NASDAQ PLTR traded up $1.13 during mid-day trading on Tuesday, reaching $133.17. 90,937,653 shares of the company's stock traded hands, compared to its average volume of 79,191,869. Palantir Technologies Inc. has a 1-year low of $21.04 and a 1-year high of $135.28. The company has a fifty day simple moving average of $107.55 and a 200-day simple moving average of $91.04. The company has a market cap of $314.27 billion, a price-to-earnings ratio of 700.93, a P/E/G ratio of 10.84 and a beta of 2.64.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last issued its quarterly earnings data 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 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 analyst estimates of $863.89 million. During the same quarter last year, the firm earned $0.08 EPS. Palantir Technologies's quarterly revenue was up 39.4% on a year-over-year basis. Equities research analysts forecast 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.