Palantir Technologies Inc. (NASDAQ:PLTR) Shares Bought by TBH Global Asset Management LLC

TBH Global Asset Management LLC raised its holdings in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 31.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 13,906 shares of the company's stock after purchasing an additional 3,311 shares during the period. TBH Global Asset Management LLC's holdings in Palantir Technologies were worth $1,174,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Godsey & Gibb Inc. grew its holdings in Palantir Technologies by 740.0% in the first quarter. Godsey & Gibb Inc. now owns 420 shares of the company's stock valued at $35,000 after purchasing an additional 370 shares during the period. Summit Securities Group LLC acquired a new stake in Palantir Technologies in the fourth quarter valued at approximately $34,000. Fairfield Financial Advisors LTD acquired a new stake in Palantir Technologies in the fourth quarter valued at approximately $35,000. Runnymede Capital Advisors Inc. acquired a new stake in Palantir Technologies in the fourth quarter valued at approximately $36,000. Finally, Lee Danner & Bass Inc. acquired a new stake in Palantir Technologies in the fourth quarter valued at approximately $38,000. 45.65% of the stock is owned by institutional investors and hedge funds.

Palantir Technologies Stock Down 9.4%

NASDAQ:PLTR opened at $130.74 on Friday. Palantir Technologies Inc. has a 52 week low of $21.23 and a 52 week high of $148.22. The company has a market capitalization of $308.53 billion, a P/E ratio of 568.43, a P/E/G ratio of 11.16 and a beta of 2.64. The stock's fifty day moving average is $125.24 and its two-hundred day moving average is $99.62.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last posted its earnings results on Monday, May 5th. The company reported $0.13 EPS for the quarter, meeting analysts' consensus estimates of $0.13. Palantir Technologies had a return on equity of 6.55% and a net margin of 18.32%. The company had revenue of $883.86 million for the quarter, compared to the consensus estimate of $863.89 million. During the same quarter in the previous year, the business earned $0.08 earnings per share. The company's revenue for the quarter was up 39.4% on a year-over-year basis. Sell-side analysts anticipate that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have commented on PLTR shares. Citigroup raised their price objective on Palantir Technologies from $110.00 to $115.00 and gave the company a "neutral" rating in a report on Thursday, May 8th. Loop Capital set a $155.00 price target on Palantir Technologies and gave the stock a "buy" rating in a research note on Thursday, June 12th. Wedbush set a $140.00 price target on Palantir Technologies and gave the stock an "outperform" rating in a research note on Tuesday, May 6th. Daiwa Capital Markets initiated coverage on Palantir Technologies in a research note on Tuesday, April 1st. They issued a "neutral" rating and a $90.00 price target on the stock. Finally, The Goldman Sachs Group lifted their price target on Palantir Technologies from $80.00 to $90.00 and gave the stock a "neutral" rating in a research note on Tuesday, May 6th. Five equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Palantir Technologies has an average rating of "Hold" and a consensus target price of $89.32.

Insider Buying and Selling at Palantir Technologies

In related news, insider Shyam Sankar sold 405,000 shares of the business's stock in a transaction 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 sale, the insider now owns 702,786 shares in the company, valued at approximately $92,823,974.88. The trade was a 36.56% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Eric H. Woersching sold 17,000 shares of the business's stock in a transaction on Monday, June 9th. The shares were sold at an average price of $129.29, for a total value of $2,197,930.00. Following the completion of the sale, the director now owns 12,562 shares in the company, valued at $1,624,140.98. This represents a 57.51% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,506,925 shares of company stock worth $188,456,658 over the last quarter. 9.23% of the stock is currently owned by company insiders.

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.

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