Palantir Technologies Inc. (NASDAQ:PLTR) Shares Purchased by Poehling Capital Management INC.

Poehling Capital Management INC. boosted its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 69.2% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,095 shares of the company's stock after buying an additional 2,083 shares during the quarter. Poehling Capital Management INC.'s holdings in Palantir Technologies were worth $430,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in PLTR. Graybill Wealth Management LTD. purchased a new stake in shares of Palantir Technologies in the 1st quarter valued at approximately $118,000. OVERSEA CHINESE BANKING Corp Ltd increased its position in shares of Palantir Technologies by 358.0% in the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 87,660 shares of the company's stock valued at $7,399,000 after purchasing an additional 68,521 shares during the last quarter. Lauer Wealth LLC increased its position in shares of Palantir Technologies by 14.1% in the 1st quarter. Lauer Wealth LLC now owns 9,207 shares of the company's stock valued at $777,000 after purchasing an additional 1,136 shares during the last quarter. Apollon Wealth Management LLC increased its position in shares of Palantir Technologies by 100.9% in the 1st quarter. Apollon Wealth Management LLC now owns 74,486 shares of the company's stock valued at $6,287,000 after purchasing an additional 37,401 shares during the last quarter. Finally, Hohimer Wealth Management LLC increased its position in shares of Palantir Technologies by 13.3% in the 1st quarter. Hohimer Wealth Management LLC now owns 6,233 shares of the company's stock valued at $526,000 after purchasing an additional 732 shares during the last quarter. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider Shyam Sankar sold 405,000 shares of the firm's stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $132.08, for a total value of $53,492,400.00. Following the completion of the sale, the insider owned 702,786 shares in the company, valued at approximately $92,823,974.88. This trade represents a 36.56% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider David A. Glazer sold 3,418 shares of the firm's stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $125.97, for a total transaction of $430,565.46. Following the completion of the sale, the insider owned 492,079 shares of the company's stock, valued at $61,987,191.63. This trade represents a 0.69% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,452,297 shares of company stock worth $186,222,373. 9.23% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Citigroup increased their price objective on shares of Palantir Technologies from $110.00 to $115.00 and gave the company a "neutral" rating in a research report on Thursday, May 8th. UBS Group reaffirmed a "positive" rating on shares of Palantir Technologies in a research report on Wednesday, June 25th. Loop Capital set a $155.00 target price on shares of Palantir Technologies and gave the company a "buy" rating in a research report on Thursday, June 12th. Morgan Stanley increased their target price 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. Finally, Daiwa America raised shares of Palantir Technologies to a "hold" rating in a research report on Tuesday, April 1st. Four equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $91.37.

Palantir Technologies Stock Performance

Palantir Technologies stock traded up $2.33 during midday trading on Wednesday, hitting $150.91. 57,528,091 shares of the company's stock were exchanged, compared to its average volume of 83,353,255. Palantir Technologies Inc. has a 12-month low of $21.23 and a 12-month high of $151.41. The stock has a market cap of $356.13 billion, a price-to-earnings ratio of 656.13, a price-to-earnings-growth ratio of 12.68 and a beta of 2.59. The firm's 50 day simple moving average is $132.92 and its 200 day simple moving average is $105.08.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last issued its quarterly earnings data on Monday, May 5th. The company reported $0.13 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.13. Palantir Technologies had a net margin of 18.32% and a return on equity of 6.55%. The company had revenue of $883.86 million for the quarter, compared to the consensus estimate of $863.89 million. During the same period last year, the firm posted $0.08 EPS. Palantir Technologies's revenue for the quarter was up 39.4% on a year-over-year basis. On average, equities research analysts forecast that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal 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.