Sapient Capital LLC Acquires 102,440 Shares of Palantir Technologies Inc. (NASDAQ:PLTR)

Sapient Capital LLC lifted its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 1,635.6% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 108,703 shares of the company's stock after buying an additional 102,440 shares during the quarter. Sapient Capital LLC's holdings in Palantir Technologies were worth $9,175,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Roxbury Financial LLC acquired a new stake in shares of Palantir Technologies during the 4th quarter worth about $27,000. HighMark Wealth Management LLC lifted its stake in shares of Palantir Technologies by 73.5% during 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 acquired a new stake in shares of Palantir Technologies during the 4th quarter worth about $31,000. First Command Advisory Services Inc. bought a new position in Palantir Technologies during the fourth quarter worth about $34,000. Finally, Summit Securities Group LLC bought a new position in Palantir Technologies during the fourth quarter worth about $34,000. Institutional investors and hedge funds own 45.65% of the company's stock.

Insider Activity at Palantir Technologies

In other Palantir Technologies news, insider Alexander C. Karp sold 358,982 shares of the business's stock in a transaction that occurred on 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 of the company's stock, valued at $812,973,088.62. The trade was a 5.29% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider David A. Glazer sold 30,812 shares of the business's stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $126.39, for a total transaction of $3,894,328.68. Following the sale, the insider now directly owns 495,497 shares in the company, valued at $62,625,865.83. The trade was a 5.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 3,066,925 shares of company stock valued at $322,073,358. 9.23% of the stock is owned by insiders.

Palantir Technologies Stock Performance

Shares of Palantir Technologies stock traded down $1.20 during midday trading on Thursday, hitting $135.19. 56,051,410 shares of the company traded hands, compared to its average volume of 80,529,565. The stock has a market cap of $319.04 billion, a price-to-earnings ratio of 711.56, a PEG ratio of 10.84 and a beta of 2.64. The firm's fifty day moving average price is $113.13 and its 200-day moving average price is $93.63. Palantir Technologies Inc. has a 12 month low of $21.23 and a 12 month high of $140.00.

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 the consensus estimate of $0.13. The company 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% on a year-over-year basis. During the same period in the previous year, the firm posted $0.08 EPS. Equities research analysts forecast that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Mizuho raised their price target on shares of Palantir Technologies from $94.00 to $116.00 and gave the stock an "underperform" rating in a research report on Wednesday. Wedbush set a $140.00 price target on shares of Palantir Technologies and gave the stock an "outperform" rating in a research report on Tuesday, May 6th. Morgan Stanley raised their price target on shares of Palantir Technologies from $90.00 to $98.00 and gave the stock an "equal weight" rating in a research report on Tuesday, May 6th. Deutsche Bank Aktiengesellschaft reaffirmed a "sell" rating on shares of Palantir Technologies in a research report on Tuesday, May 6th. Finally, Daiwa Capital Markets assumed coverage on shares of Palantir Technologies in a research report on Tuesday, April 1st. They set a "neutral" rating and a $90.00 price target on the stock. Five analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $86.30.

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.