Chicago Capital LLC Raises Holdings in Palantir Technologies Inc. (NASDAQ:PLTR)

Chicago Capital LLC lifted its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 68.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 244,883 shares of the company's stock after acquiring an additional 99,728 shares during the quarter. Chicago Capital LLC's holdings in Palantir Technologies were worth $20,668,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Roxbury Financial LLC acquired a new stake in Palantir Technologies in the fourth quarter valued at $27,000. HighMark Wealth Management LLC lifted its holdings in Palantir Technologies by 73.5% during the 4th 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 bought a new stake in shares of Palantir Technologies in the 4th quarter valued at about $31,000. First Command Advisory Services Inc. acquired a new stake in shares of Palantir Technologies in the fourth quarter valued at about $34,000. Finally, Summit Securities Group LLC bought a new position in shares of Palantir Technologies during the fourth quarter worth about $34,000. Institutional investors own 45.65% of the company's stock.

Analyst Upgrades and Downgrades

PLTR has been the subject of a number of recent analyst reports. Royal Bank Of Canada reissued an "underperform" rating on shares of Palantir Technologies in a research report on Tuesday, May 6th. UBS Group upped their price objective on shares of Palantir Technologies from $105.00 to $110.00 and gave the company a "neutral" rating in a research note on Tuesday, May 6th. The Goldman Sachs Group increased their price objective on shares of Palantir Technologies from $80.00 to $90.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 6th. Daiwa America upgraded shares of Palantir Technologies to a "hold" rating in a report on Tuesday, April 1st. Finally, Daiwa Capital Markets started coverage on shares of Palantir Technologies in a research report on Tuesday, April 1st. They set a "neutral" rating and a $90.00 price target on the stock. Five analysts have rated the stock with a sell rating, fifteen have issued a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Palantir Technologies presently has an average rating of "Hold" and an average price target of $89.32.

Palantir Technologies Stock Down 1.9%

PLTR traded down $2.66 during trading on Friday, hitting $137.30. 86,877,798 shares of the company's stock were exchanged, compared to its average volume of 81,128,428. Palantir Technologies Inc. has a fifty-two week low of $21.23 and a fifty-two week high of $144.86. The stock has a market cap of $324.02 billion, a P/E ratio of 596.96, a PEG ratio of 11.95 and a beta of 2.64. The business's 50 day moving average is $119.67 and its two-hundred day moving average is $96.64.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last issued its quarterly earnings data on Monday, May 5th. The company reported $0.13 EPS for the quarter, hitting analysts' consensus estimates of $0.13. Palantir Technologies had a return on equity of 6.55% and a net margin of 18.32%. The firm had revenue of $883.86 million during the quarter, compared to analyst estimates of $863.89 million. During the same period in the previous year, the company posted $0.08 EPS. The company's revenue for the quarter was up 39.4% on a year-over-year basis. On average, sell-side analysts forecast that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Insider Activity

In related news, insider Ryan D. Taylor sold 98,177 shares of Palantir Technologies stock in a transaction on Monday, March 31st. The stock was sold at an average price of $82.80, for a total transaction of $8,129,055.60. Following the sale, the insider now directly owns 403,171 shares in the company, valued at approximately $33,382,558.80. This trade represents a 19.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Lauren Elaina Friedman Stat sold 800 shares of the company's stock in a transaction on Thursday, April 3rd. The shares were 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 of the company's stock, valued at $4,983,793.75. This trade represents a 1.29% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,506,925 shares of company stock worth $188,456,658 over the last quarter. Insiders own 9.23% of the company's stock.

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.