Mason & Associates Inc Has $2.08 Million Position in 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 the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 24,610 shares of the company's stock after acquiring an additional 6,813 shares during the period. Mason & Associates Inc's holdings in Palantir Technologies were worth $2,077,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Sagespring Wealth Partners LLC increased its holdings in Palantir Technologies by 36.3% in the 1st quarter. Sagespring Wealth Partners LLC now owns 24,054 shares of the company's stock valued at $2,030,000 after purchasing an additional 6,405 shares in the last quarter. Variant Private Wealth LLC purchased a new stake in shares of Palantir Technologies during the first quarter valued at approximately $551,000. Shikiar Asset Management Inc. lifted its position in shares of Palantir Technologies by 31.7% during the first quarter. Shikiar Asset Management Inc. now owns 18,436 shares of the company's stock worth $1,556,000 after purchasing an additional 4,436 shares in the last quarter. Sowell Financial Services LLC lifted its position in shares of Palantir Technologies by 11.1% during the first quarter. Sowell Financial Services LLC now owns 62,090 shares of the company's stock worth $5,240,000 after purchasing an additional 6,180 shares in the last quarter. Finally, Mission Wealth Management LP grew its holdings in Palantir Technologies by 7.8% during the 1st quarter. Mission Wealth Management LP now owns 11,345 shares of the company's stock valued at $958,000 after purchasing an additional 817 shares in the last quarter. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Palantir Technologies news, insider Shyam Sankar sold 405,000 shares of the business's stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $132.08, for a total value of $53,492,400.00. Following the sale, the insider now owns 702,786 shares of the company's stock, valued at $92,823,974.88. The trade was a 36.56% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Stephen Andrew Cohen sold 309,696 shares of the firm's stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $126.39, for a total transaction of $39,142,477.44. Following the transaction, the insider now directly owns 592 shares of the company's stock, valued at $74,822.88. The trade was a 99.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,506,925 shares of company stock worth $188,456,658. Company insiders own 9.23% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on PLTR shares. Daiwa Capital Markets assumed coverage on shares of Palantir Technologies in a research report on Tuesday, April 1st. They issued a "neutral" rating and a $90.00 price objective for the company. Royal Bank of Canada restated an "underperform" rating on shares of Palantir Technologies in a research note on Tuesday, May 6th. Morgan Stanley lifted their price objective on Palantir Technologies from $90.00 to $98.00 and gave the stock an "equal weight" rating in a report on Tuesday, May 6th. UBS Group increased their target price on Palantir Technologies from $105.00 to $110.00 and gave the company a "neutral" rating in a research note on Tuesday, May 6th. Finally, Wedbush set a $140.00 price target on shares of Palantir Technologies and gave the stock an "outperform" rating in a research report on Tuesday, May 6th. Five research analysts have rated the stock with a sell rating, fifteen have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $86.30.

Palantir Technologies Stock Performance

Shares of NASDAQ:PLTR traded up $4.01 during mid-day trading on Monday, hitting $141.41. The stock had a trading volume of 80,082,439 shares, compared to its average volume of 81,014,821. The company's 50 day moving average is $115.48 and its 200-day moving average is $95.01. Palantir Technologies Inc. has a 12-month low of $21.23 and a 12-month high of $144.74. The company has a market cap of $333.72 billion, a PE ratio of 744.30, a P/E/G ratio of 10.84 and a beta of 2.64.

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, hitting analysts' consensus estimates of $0.13. The business had revenue of $883.86 million for the quarter, compared to analyst estimates of $863.89 million. Palantir Technologies had a net margin of 16.13% and a return on equity of 6.85%. Palantir Technologies's revenue was up 39.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.08 earnings per share. On average, equities research analysts predict that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal 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.