Mason & Associates Inc Buys 6,813 Shares of Palantir Technologies Inc. (NASDAQ:PLTR)

Mason & Associates Inc raised its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 38.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,610 shares of the company's stock after purchasing an additional 6,813 shares during the period. Mason & Associates Inc's holdings in Palantir Technologies were worth $2,077,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PLTR. Roxbury Financial LLC acquired a new stake in Palantir Technologies in the 4th quarter valued at approximately $27,000. HighMark Wealth Management LLC grew its holdings in Palantir Technologies by 73.5% in the 4th quarter. HighMark Wealth Management LLC now owns 392 shares of the company's stock valued at $30,000 after buying an additional 166 shares during the last quarter. Sierra Ocean LLC acquired a new stake in Palantir Technologies in the 4th quarter valued at approximately $31,000. Godsey & Gibb Inc. grew its holdings in Palantir Technologies by 740.0% in the 1st quarter. Godsey & Gibb Inc. now owns 420 shares of the company's stock valued at $35,000 after buying an additional 370 shares during the last quarter. Finally, First Command Advisory Services Inc. acquired a new stake in Palantir Technologies in the 4th quarter valued at approximately $34,000. 45.65% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, insider Shyam Sankar sold 405,000 shares of the company's stock in a transaction that occurred on Tuesday, June 10th. The stock was sold at an average price of $132.08, for a total value of $53,492,400.00. Following the transaction, the insider now owns 702,786 shares of the company's stock, valued at approximately $92,823,974.88. This represents a 36.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Ryan D. Taylor sold 98,177 shares of the 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 sale, the insider now directly owns 403,171 shares in the company, valued at $33,382,558.80. This represents a 19.58% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,506,925 shares of company stock worth $188,456,658. Corporate insiders own 9.23% of the company's stock.

Analyst Ratings Changes

A number of analysts have issued reports on PLTR shares. Royal Bank Of Canada reaffirmed an "underperform" rating on shares of Palantir Technologies in a report on Tuesday, May 6th. DA Davidson raised their target price on Palantir Technologies from $100.00 to $115.00 and gave the company a "neutral" rating in a report on Tuesday, May 6th. Deutsche Bank Aktiengesellschaft reaffirmed a "sell" rating on shares of Palantir Technologies in a report on Tuesday, May 6th. Morgan Stanley raised their target price on Palantir Technologies from $90.00 to $98.00 and gave the company an "equal weight" rating in a report on Tuesday, May 6th. Finally, Daiwa America raised Palantir Technologies to a "hold" rating in a report on Tuesday, April 1st. Five analysts have rated the stock with a sell rating, fifteen have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $89.32.

Palantir Technologies Stock Performance

NASDAQ:PLTR traded up $1.76 on Thursday, reaching $139.96. The company's stock had a trading volume of 58,100,428 shares, compared to its average volume of 81,096,965. Palantir Technologies Inc. has a 1-year low of $21.23 and a 1-year high of $144.86. The firm has a market cap of $330.29 billion, a PE ratio of 608.52, a PEG ratio of 11.66 and a beta of 2.64. The business's 50-day moving average price is $118.64 and its two-hundred day moving average price is $96.13.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last posted 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. The firm had revenue of $883.86 million during the quarter, compared to analysts' expectations of $863.89 million. Palantir Technologies had a return on equity of 6.55% and a net margin of 18.32%. The company's revenue was up 39.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.08 earnings per share. As a group, sell-side analysts expect that Palantir Technologies Inc. will post 0.31 EPS for the current year.

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.