Stonebridge Financial Group LLC Acquires 4,921 Shares of Palantir Technologies Inc. (NASDAQ:PLTR)

Stonebridge Financial Group LLC increased its holdings in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 91.1% in the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 10,320 shares of the company's stock after buying an additional 4,921 shares during the quarter. Stonebridge Financial Group LLC's holdings in Palantir Technologies were worth $871,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Summit Securities Group LLC bought a new stake in Palantir Technologies in the 4th quarter worth about $34,000. Fairfield Financial Advisors LTD bought a new stake in Palantir Technologies in the 4th quarter worth about $35,000. Godsey & Gibb Inc. increased its holdings in Palantir Technologies by 740.0% in the 1st quarter. Godsey & Gibb Inc. now owns 420 shares of the company's stock worth $35,000 after buying an additional 370 shares in the last quarter. Runnymede Capital Advisors Inc. bought a new stake in Palantir Technologies in the 4th quarter worth about $36,000. Finally, Lee Danner & Bass Inc. purchased a new position in Palantir Technologies in the fourth quarter worth about $38,000. 45.65% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have issued reports on PLTR shares. DA Davidson raised their target price on Palantir Technologies from $100.00 to $115.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 6th. Wedbush set a $140.00 target price on Palantir Technologies and gave the stock an "outperform" rating in a research report on Tuesday, May 6th. Mizuho raised their target price on Palantir Technologies from $94.00 to $116.00 and gave the stock an "underperform" rating in a research report on Wednesday, June 11th. Loop Capital set a $155.00 target price on Palantir Technologies and gave the stock a "buy" rating in a research report on Thursday, June 12th. Finally, William Blair set a $84.00 target price on Palantir Technologies in a research report on Wednesday, March 5th. Five analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $89.32.

Insider Activity at Palantir Technologies

In related news, Director Lauren Elaina Friedman Stat sold 800 shares of Palantir Technologies stock in a transaction that occurred on Thursday, April 3rd. The stock was sold at an average price of $81.25, for a total transaction of $65,000.00. Following the sale, the director now owns 61,339 shares of the company's stock, valued at approximately $4,983,793.75. This trade represents a 1.29% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Ryan D. Taylor sold 98,177 shares of Palantir Technologies stock in a transaction that occurred on Monday, March 31st. The shares were sold at an average price of $82.80, for a total value of $8,129,055.60. Following the sale, the insider now directly owns 403,171 shares in the company, valued at $33,382,558.80. This trade represents a 19.58% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,506,925 shares of company stock valued at $188,456,658. 9.23% of the stock is owned by company insiders.

Palantir Technologies Stock Down 9.4%

PLTR stock opened at $130.74 on Friday. Palantir Technologies Inc. has a twelve month low of $21.23 and a twelve month high of $148.22. The stock has a market cap of $308.53 billion, a P/E ratio of 568.43, a PEG ratio of 11.16 and a beta of 2.64. The business's 50-day moving average price is $125.24 and its 200-day moving average price is $99.62.

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

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