PharVision Advisers LLC Takes $345,000 Position in Palantir Technologies Inc. (NASDAQ:PLTR)

PharVision Advisers LLC acquired a new position in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 4,558 shares of the company's stock, valued at approximately $345,000.

Other large investors have also recently modified their holdings of the company. Roxbury Financial LLC purchased a new stake in shares of Palantir Technologies during the 4th quarter valued at $27,000. First PREMIER Bank acquired a new position in Palantir Technologies during the 4th quarter valued at about $28,000. HighMark Wealth Management LLC raised 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 valued at $30,000 after buying an additional 166 shares during the last quarter. Sierra Ocean LLC acquired a new stake in Palantir Technologies in the fourth quarter worth about $31,000. Finally, R Squared Ltd purchased a new stake in shares of Palantir Technologies during the fourth quarter worth about $33,000. Institutional investors own 45.65% of the company's stock.

Palantir Technologies Stock Performance

PLTR opened at $120.58 on Thursday. The company has a fifty day moving average of $101.18 and a two-hundred day moving average of $86.53. The stock has a market capitalization of $282.80 billion, a price-to-earnings ratio of 634.66, a PEG ratio of 10.84 and a beta of 2.68. Palantir Technologies Inc. has a fifty-two week low of $20.63 and a fifty-two week high of $133.49.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last announced its quarterly earnings results on Monday, May 5th. The company reported $0.13 earnings per share for the quarter, meeting the consensus estimate of $0.13. The firm had revenue of $883.86 million during the quarter, compared to analyst estimates of $863.89 million. Palantir Technologies had a return on equity of 6.85% and a net margin of 16.13%. Palantir Technologies's revenue for the quarter was up 39.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.08 EPS. On average, equities research analysts forecast that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently commented on PLTR. Jefferies Financial Group increased their price objective on shares of Palantir Technologies from $28.00 to $60.00 and gave the company an "underperform" rating in a research report on Tuesday, February 4th. Cantor Fitzgerald lifted their price objective on shares of Palantir Technologies from $98.00 to $110.00 and gave the stock a "neutral" rating in a research note on Tuesday, May 6th. Morgan Stanley boosted their price objective on shares of Palantir Technologies from $90.00 to $98.00 and gave the company an "equal weight" rating in a report on Tuesday, May 6th. DA Davidson raised their target price on Palantir Technologies from $100.00 to $115.00 and gave the stock a "neutral" rating in a research note on Tuesday, May 6th. Finally, Royal Bank of Canada reiterated an "underperform" rating on shares of Palantir Technologies in a research note on Tuesday, May 6th. Five analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Palantir Technologies presently has an average rating of "Hold" and a consensus price target of $83.95.

Insider Activity

In other news, insider Heather A. Planishek acquired 10,000 shares of the stock in a transaction that occurred on Thursday, May 8th. The shares were bought at an average cost of $116.14 per share, for a total transaction of $1,161,400.00. Following the acquisition, the insider now owns 58,006 shares in the company, valued at approximately $6,736,816.84. This represents a 20.83% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Stephen Andrew Cohen sold 1,250,000 shares of the business's stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $82.75, for a total value of $103,437,500.00. Following the sale, the insider now owns 592 shares of the company's stock, valued at approximately $48,988. This trade represents a 99.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,945,753 shares of company stock worth $248,608,160 over the last three months. 9.23% of the stock is currently owned by corporate insiders.

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.

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