Retirement Planning Group LLC Purchases 5,298 Shares of Palantir Technologies Inc. (NASDAQ:PLTR)

Retirement Planning Group LLC raised its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 24.6% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 26,793 shares of the company's stock after purchasing an additional 5,298 shares during the quarter. Retirement Planning Group LLC's holdings in Palantir Technologies were worth $2,261,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Arthur M. Cohen & Associates LLC grew its holdings in Palantir Technologies by 25.4% during the 1st quarter. Arthur M. Cohen & Associates LLC now owns 17,438 shares of the company's stock valued at $1,472,000 after buying an additional 3,530 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of Palantir Technologies by 86.7% in the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 3,333 shares of the company's stock valued at $281,000 after acquiring an additional 1,548 shares during the period. Lake Street Private Wealth LLC lifted its holdings in shares of Palantir Technologies by 10.6% in the 1st quarter. Lake Street Private Wealth LLC now owns 7,709 shares of the company's stock worth $651,000 after acquiring an additional 740 shares during the last quarter. Diligent Investors LLC lifted its holdings in shares of Palantir Technologies by 27.3% in the 1st quarter. Diligent Investors LLC now owns 9,799 shares of the company's stock worth $827,000 after acquiring an additional 2,104 shares during the last quarter. Finally, Cypress Wealth Services LLC purchased a new position in shares of Palantir Technologies during the 1st quarter worth about $256,000. 45.65% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Palantir Technologies

In other Palantir Technologies news, insider Stephen Andrew Cohen sold 1,250,000 shares of the firm's stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $85.30, for a total value of $106,625,000.00. Following the completion of the sale, the insider now owns 592 shares in the company, valued at approximately $50,497.60. This trade represents a 99.95% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Ryan D. Taylor sold 3,936 shares of Palantir Technologies stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $125.97, for a total transaction of $495,817.92. Following the completion of the transaction, the insider now owns 363,755 shares of the company's stock, valued at $45,822,217.35. This trade represents a 1.07% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 3,894,925 shares of company stock valued at $369,820,528. Insiders own 9.23% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on PLTR shares. Loop Capital raised their price target on Palantir Technologies from $125.00 to $130.00 and gave the stock a "buy" rating in a research note on Tuesday, May 6th. Morgan Stanley upped their price target on shares of Palantir Technologies from $90.00 to $98.00 and gave the stock an "equal weight" rating in a report on Tuesday, May 6th. Mizuho raised their price target on shares of Palantir Technologies from $80.00 to $94.00 and gave the stock an "underperform" rating in a research note on Tuesday, May 6th. Daiwa America raised shares of Palantir Technologies to a "hold" rating in a research report on Tuesday, April 1st. Finally, Citigroup upped their target price on shares of Palantir Technologies from $110.00 to $115.00 and gave the stock a "neutral" rating in a research note on Thursday, May 8th. Five equities research 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's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $83.95.

Palantir Technologies Trading Up 6.5%

Shares of Palantir Technologies stock traded up $7.81 during trading hours on Friday, reaching $127.72. The stock had a trading volume of 86,933,462 shares, compared to its average volume of 79,808,236. Palantir Technologies Inc. has a 1 year low of $21.23 and a 1 year high of $135.28. The firm has a 50 day simple moving average of $109.15 and a two-hundred day simple moving average of $91.71. The firm has a market capitalization of $301.41 billion, a price-to-earnings ratio of 672.25, a P/E/G ratio of 10.84 and a beta of 2.64.

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

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.