Palantir Technologies Inc. (NASDAQ:PLTR) Shares Acquired by Teamwork Financial Advisors LLC

Teamwork Financial Advisors LLC raised its position in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 810.2% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 30,356 shares of the company's stock after acquiring an additional 27,021 shares during the quarter. Teamwork Financial Advisors LLC's holdings in Palantir Technologies were worth $2,562,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Roxbury Financial LLC bought a new position in Palantir Technologies in the fourth quarter worth approximately $27,000. HighMark Wealth Management LLC increased its stake in shares of Palantir Technologies by 73.5% in the 4th quarter. HighMark Wealth Management LLC now owns 392 shares of the company's stock worth $30,000 after purchasing an additional 166 shares in the last quarter. Sierra Ocean LLC bought a new position in Palantir Technologies in the 4th quarter worth $31,000. R Squared Ltd purchased a new position in Palantir Technologies during the fourth quarter valued at $33,000. Finally, First Command Advisory Services Inc. bought a new stake in Palantir Technologies during the fourth quarter valued at about $34,000. 45.65% of the stock is currently owned by institutional investors.

Palantir Technologies Price Performance

Shares of NASDAQ:PLTR traded down $10.10 on Thursday, hitting $119.91. 130,949,256 shares of the company's stock were exchanged, compared to its average volume of 79,623,426. The business's 50 day simple moving average is $108.44 and its two-hundred day simple moving average is $91.31. Palantir Technologies Inc. has a 12 month low of $21.23 and a 12 month high of $135.28. The stock has a market capitalization of $282.98 billion, a price-to-earnings ratio of 631.14, a price-to-earnings-growth ratio of 10.84 and a beta of 2.64.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last issued its earnings results on Monday, May 5th. The company reported $0.13 earnings per share for the quarter, meeting analysts' consensus estimates of $0.13. Palantir Technologies had a return on equity of 6.85% and a net margin of 16.13%. The business 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. Palantir Technologies's revenue was up 39.4% on a year-over-year basis. Equities analysts forecast that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Insider Activity

In related news, insider Shyam Sankar sold 150,814 shares of the stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $126.39, for a total transaction of $19,061,381.46. Following the completion of the sale, the insider now owns 702,786 shares of the company's stock, valued at $88,825,122.54. This represents a 17.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Stephen Andrew Cohen sold 1,250,000 shares of Palantir Technologies stock in a transaction on Friday, March 14th. The stock was sold at an average price of $85.30, for a total transaction of $106,625,000.00. Following the completion of the transaction, the insider now directly owns 592 shares in the company, valued at $50,497.60. This represents a 99.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 3,894,925 shares of company stock worth $369,820,528. Corporate insiders own 9.23% of the company's stock.

Analyst Ratings Changes

PLTR has been the topic of a number of recent analyst reports. Cantor Fitzgerald raised their price target on Palantir Technologies from $98.00 to $110.00 and gave the company a "neutral" rating in a report on Tuesday, May 6th. Daiwa America upgraded Palantir Technologies to a "hold" rating in a research report on Tuesday, April 1st. Royal Bank of Canada reaffirmed an "underperform" rating on shares of Palantir Technologies in a research note on Tuesday, May 6th. Mizuho increased their target price on Palantir Technologies from $80.00 to $94.00 and gave the company an "underperform" rating in a research report on Tuesday, May 6th. Finally, Morgan Stanley increased their price objective on shares of Palantir Technologies from $90.00 to $98.00 and gave the company an "equal weight" rating in a research report on Tuesday, May 6th. Five analysts have rated the stock with a sell rating, fifteen have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $83.95.

Palantir Technologies 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.