Rothschild Investment LLC Boosts Holdings in Palantir Technologies Inc. (NASDAQ:PLTR)

Rothschild Investment LLC raised its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 149.2% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 21,068 shares of the company's stock after buying an additional 12,614 shares during the period. Rothschild Investment LLC's holdings in Palantir Technologies were worth $1,778,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in PLTR. Roxbury Financial LLC purchased a new stake in Palantir Technologies during the 4th quarter valued at $27,000. HighMark Wealth Management LLC boosted its position in Palantir Technologies by 73.5% during the 4th 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 period. Sierra Ocean LLC purchased a new stake in Palantir Technologies during the 4th quarter valued at $31,000. R Squared Ltd bought a new position in Palantir Technologies in the 4th quarter worth $33,000. Finally, First Command Advisory Services Inc. bought a new position in Palantir Technologies in the 4th quarter worth $34,000. Hedge funds and other institutional investors own 45.65% of the company's stock.

Palantir Technologies Trading Up 3.5%

NASDAQ:PLTR traded up $4.31 on Friday, reaching $126.63. 185,234,367 shares of the stock traded hands, compared to its average volume of 78,904,928. The company has a market capitalization of $298.84 billion, a price-to-earnings ratio of 666.51, a PEG ratio of 10.84 and a beta of 2.68. Palantir Technologies Inc. has a 12 month low of $21.01 and a 12 month high of $133.49. The company's fifty day simple moving average is $105.90 and its 200 day simple moving average is $90.28.

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 (EPS) for the quarter, meeting analysts' consensus estimates of $0.13. The firm had revenue of $883.86 million for the quarter, compared to the consensus estimate of $863.89 million. Palantir Technologies had a net margin of 16.13% and a return on equity of 6.85%. The business's quarterly revenue was up 39.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.08 EPS. Equities analysts anticipate that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on PLTR shares. Jefferies Financial Group upped their price objective on shares of Palantir Technologies from $28.00 to $60.00 and gave the stock an "underperform" rating in a report on Tuesday, February 4th. The Goldman Sachs Group upped their price objective on shares of Palantir Technologies from $80.00 to $90.00 and gave the stock a "neutral" rating in a report on Tuesday, May 6th. Daiwa Capital Markets started coverage on shares of Palantir Technologies in a report on Tuesday, April 1st. They issued a "neutral" rating and a $90.00 price objective for the company. Deutsche Bank Aktiengesellschaft restated a "sell" rating on shares of Palantir Technologies in a report on Tuesday, May 6th. Finally, Daiwa America upgraded shares of Palantir Technologies to a "hold" rating in a report on Tuesday, April 1st. Five equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Palantir Technologies currently has a consensus rating of "Hold" and a consensus target price of $83.95.

Insider Activity

In other news, insider Stephen Andrew Cohen sold 1,250,000 shares of the firm's stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $82.75, for a total transaction of $103,437,500.00. Following the sale, the insider now owns 592 shares of the company's stock, valued at $48,988. This trade represents a 99.95% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Alexander C. Karp sold 358,982 shares of the firm's stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $126.39, for a total transaction of $45,371,734.98. Following the sale, the insider now directly owns 6,432,258 shares in the company, valued at approximately $812,973,088.62. The trade was a 5.29% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 3,901,701 shares of company stock valued at $370,407,533 in the last 90 days. 9.23% of the stock is currently owned by insiders.

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.