2,775 Shares in Palantir Technologies Inc. (NASDAQ:PLTR) Purchased by Pinnacle Wealth Planning Services Inc.

Pinnacle Wealth Planning Services Inc. purchased a new stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 2,775 shares of the company's stock, valued at approximately $210,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Roxbury Financial LLC purchased a new stake in shares of Palantir Technologies during the 4th quarter valued at about $27,000. HighMark Wealth Management LLC increased its holdings 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 buying an additional 166 shares during the last quarter. Sierra Ocean LLC purchased a new position in Palantir Technologies in the fourth quarter worth about $31,000. R Squared Ltd purchased a new stake in shares of Palantir Technologies in the fourth quarter valued at $33,000. Finally, First Command Advisory Services Inc. purchased a new stake in shares of Palantir Technologies in the fourth quarter worth approximately $34,000. 45.65% of the stock is owned by institutional investors.

Palantir Technologies Price Performance

PLTR stock traded up $0.37 during midday trading on Wednesday, hitting $123.76. The company's stock had a trading volume of 64,203,392 shares, compared to its average volume of 78,060,498. The company's fifty day moving average price is $104.78 and its 200 day moving average price is $88.97. Palantir Technologies Inc. has a twelve month low of $20.64 and a twelve month high of $133.49. The stock has a market capitalization of $290.26 billion, a P/E ratio of 651.40, a PEG 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 for the quarter, hitting analysts' consensus estimates of $0.13. The business had revenue of $883.86 million for 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%. The firm's revenue was up 39.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.08 EPS. Equities analysts expect that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Jeffrey Buckley sold 1,708 shares of the stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $126.39, for a total value of $215,874.12. Following the transaction, the insider now directly owns 34,468 shares in the company, valued at $4,356,410.52. This trade represents a 4.72% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Lauren Elaina Friedman Stat sold 800 shares of the stock in a transaction that occurred on Thursday, April 3rd. The stock was sold at an average price of $81.25, for a total value of $65,000.00. Following the completion of the sale, the director now directly 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 3,901,701 shares of company stock worth $370,407,533 in the last ninety days. 9.23% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on PLTR. Wedbush set a $140.00 price objective on Palantir Technologies and gave the stock an "outperform" rating in a research note on Tuesday, May 6th. Daiwa America raised shares of Palantir Technologies to a "hold" rating in a report on Tuesday, April 1st. Loop Capital boosted their target price 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. UBS Group raised their target price on shares of Palantir Technologies from $105.00 to $110.00 and gave the stock a "neutral" rating in a research note on Tuesday, May 6th. Finally, Northland Securities increased their price target on shares of Palantir Technologies from $38.00 to $80.00 and gave the company a "market perform" rating in a research note on Tuesday, February 4th. Five investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $83.95.

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.