St. Louis Financial Planners Asset Management LLC Buys New Stake in Palantir Technologies Inc. (NASDAQ:PLTR)

St. Louis Financial Planners Asset Management LLC purchased a new position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 59,278 shares of the company's stock, valued at approximately $5,003,000. Palantir Technologies comprises 3.7% of St. Louis Financial Planners Asset Management LLC's holdings, making the stock its 5th largest position.

A number of other institutional investors also recently bought and sold shares of the business. Rothschild Investment LLC lifted its holdings in Palantir Technologies by 149.2% during the 1st quarter. Rothschild Investment LLC now owns 21,068 shares of the company's stock worth $1,778,000 after buying an additional 12,614 shares during the last quarter. Private Client Services LLC purchased a new stake in Palantir Technologies during the 1st quarter worth about $334,000. GAMMA Investing LLC increased its position in shares of Palantir Technologies by 14,786.8% during the first quarter. GAMMA Investing LLC now owns 1,911,913 shares of the company's stock worth $161,365,000 after purchasing an additional 1,899,070 shares in the last quarter. Webster Bank N. A. increased its position in shares of Palantir Technologies by 143.0% during the first quarter. Webster Bank N. A. now owns 588 shares of the company's stock worth $50,000 after purchasing an additional 346 shares in the last quarter. Finally, Quent Capital LLC increased its position in shares of Palantir Technologies by 5.5% during the first quarter. Quent Capital LLC now owns 4,843 shares of the company's stock worth $409,000 after purchasing an additional 254 shares in the last quarter. 45.65% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

PLTR has been the topic of a number of research analyst reports. Citigroup lifted their target price on Palantir Technologies from $110.00 to $115.00 and gave the stock a "neutral" rating in a research report on Thursday, May 8th. Mizuho lifted their target price on Palantir Technologies from $80.00 to $94.00 and gave the stock an "underperform" rating in a research report on Tuesday, May 6th. Royal Bank of Canada reiterated an "underperform" rating on shares of Palantir Technologies in a research report on Tuesday, May 6th. Cantor Fitzgerald lifted their target price on Palantir Technologies from $98.00 to $110.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 6th. Finally, Jefferies Financial Group lifted their target price on Palantir Technologies from $28.00 to $60.00 and gave the stock an "underperform" rating in a research report on Tuesday, February 4th. Five equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $83.95.

Palantir Technologies Price Performance

NASDAQ PLTR traded up $4.31 on Friday, hitting $126.63. 185,234,367 shares of the company's stock were exchanged, compared to its average volume of 78,904,928. The firm's 50-day moving average price is $105.90 and its two-hundred day moving average price is $90.06. Palantir Technologies Inc. has a fifty-two week low of $21.01 and a fifty-two week high of $133.49. The firm has a market cap of $298.84 billion, a price-to-earnings ratio of 666.51, a P/E/G ratio of 10.84 and a beta of 2.68.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last released its earnings results 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 return on equity of 6.85% and a net margin of 16.13%. The company had revenue of $883.86 million for the quarter, compared to analysts' expectations of $863.89 million. During the same quarter in the previous year, the firm posted $0.08 EPS. The firm's quarterly revenue was up 39.4% on a year-over-year basis. On average, research analysts predict that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Alexandra W. Schiff sold 6,776 shares of the business's stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $86.63, for a total transaction of $587,004.88. Following the sale, the director now owns 184,617 shares of the company's stock, valued at $15,993,370.71. The trade was a 3.54% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jeffrey Buckley sold 1,708 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 value of $215,874.12. Following the sale, 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 disclosure for this sale can be found here. In the last 90 days, insiders have sold 3,901,701 shares of company stock worth $370,407,533. Company insiders own 9.23% of the company's stock.

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.