Mirador Capital Partners LP Raises Holdings in Palantir Technologies Inc. (NASDAQ:PLTR)

Mirador Capital Partners LP increased its position in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 36.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,968 shares of the company's stock after purchasing an additional 3,696 shares during the quarter. Mirador Capital Partners LP's holdings in Palantir Technologies were worth $1,179,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Roxbury Financial LLC bought a new position in shares of Palantir Technologies during the 4th quarter worth $27,000. HighMark Wealth Management LLC lifted its stake in Palantir Technologies by 73.5% in the fourth quarter. HighMark Wealth Management LLC now owns 392 shares of the company's stock worth $30,000 after acquiring an additional 166 shares during the period. Sierra Ocean LLC bought a new position in Palantir Technologies during the 4th quarter worth about $31,000. R Squared Ltd purchased a new position in Palantir Technologies during the 4th quarter valued at about $33,000. Finally, First Command Advisory Services Inc. bought a new stake in shares of Palantir Technologies in the 4th quarter valued at about $34,000. Institutional investors own 45.65% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on PLTR shares. Bank of America upped their price target on shares of Palantir Technologies from $90.00 to $125.00 and gave the stock a "buy" rating in a research report on Tuesday, February 4th. Mizuho boosted their price objective on shares of Palantir Technologies from $80.00 to $94.00 and gave the stock an "underperform" rating in a research note on Tuesday, May 6th. The Goldman Sachs Group boosted their price objective on shares of Palantir Technologies from $80.00 to $90.00 and gave the stock a "neutral" rating in a research note on Tuesday, May 6th. Robert W. Baird boosted their price objective on shares of Palantir Technologies from $70.00 to $100.00 and gave the stock a "neutral" rating in a research note on Tuesday, February 4th. Finally, Loop Capital boosted their price objective on shares of Palantir Technologies from $125.00 to $130.00 and gave the stock a "buy" rating in a research note on Tuesday, May 6th. Five investment 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. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $83.95.

Insider Transactions at Palantir Technologies

In related news, Director Lauren Elaina Friedman Stat sold 800 shares of Palantir Technologies 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 sale, the director now owns 61,339 shares of the company's stock, valued at approximately $4,983,793.75. This trade represents a 1.29% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Alexander C. Karp sold 39,825 shares of the stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $125.97, for a total value of $5,016,755.25. Following the completion of the transaction, the insider now directly owns 6,432,258 shares of the company's stock, valued at approximately $810,271,540.26. This represents a 0.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 3,901,701 shares of company stock valued at $370,407,533 in the last 90 days. 9.23% of the stock is currently owned by company insiders.

Palantir Technologies Price Performance

PLTR traded up $0.26 during trading on Monday, reaching $132.04. 92,973,892 shares of the company's stock were exchanged, compared to its average volume of 78,956,625. Palantir Technologies Inc. has a 1 year low of $21.01 and a 1 year high of $134.30. The company's fifty day simple moving average is $105.90 and its 200-day simple moving average is $90.28. The stock has a market capitalization of $311.60 billion, a P/E ratio of 694.98, a price-to-earnings-growth ratio of 10.84 and a beta of 2.68.

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 company had revenue of $883.86 million during the quarter, compared to the consensus estimate of $863.89 million. Palantir Technologies had a net margin of 16.13% and a return on equity of 6.85%. The firm's quarterly revenue was up 39.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.08 earnings per share. Equities analysts forecast 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.