Teza Capital Management LLC Buys New Stake in Palantir Technologies Inc. (NASDAQ:PLTR)

Teza Capital Management LLC acquired a new stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,628 shares of the company's stock, valued at approximately $274,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Roxbury Financial LLC purchased a new position in shares of Palantir Technologies during the fourth quarter valued at about $27,000. First PREMIER Bank purchased a new position in shares of Palantir Technologies during the fourth quarter valued at about $28,000. HighMark Wealth Management LLC increased its position in shares of Palantir Technologies by 73.5% during the fourth 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 position in shares of Palantir Technologies during the fourth quarter valued at about $31,000. Finally, R Squared Ltd purchased a new position in shares of Palantir Technologies during the fourth quarter valued at about $33,000. 45.65% of the stock is owned by institutional investors.

Palantir Technologies Price Performance

Palantir Technologies stock traded up $1.02 during midday trading on Friday, reaching $123.31. 65,753,315 shares of the company traded hands, compared to its average volume of 77,871,799. The firm has a market capitalization of $289.21 billion, a price-to-earnings ratio of 649.03, a price-to-earnings-growth ratio of 10.84 and a beta of 2.68. The business has a 50 day moving average of $102.66 and a two-hundred day moving average of $87.81. Palantir Technologies Inc. has a 12 month low of $20.64 and a 12 month high of $133.49.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last issued its quarterly earnings data on Monday, May 5th. The company reported $0.13 earnings per share for the quarter, meeting analysts' consensus estimates 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 net margin of 16.13% and a return on equity of 6.85%. The firm's revenue for the quarter was up 39.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.08 earnings per share. As a group, equities analysts forecast that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Insiders Place Their Bets

In other Palantir Technologies news, insider Ryan D. Taylor sold 3,936 shares of the stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $125.97, for a total value of $495,817.92. Following the transaction, the insider now directly owns 363,755 shares in the company, valued at approximately $45,822,217.35. This trade represents a 1.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Alexandra W. Schiff sold 6,776 shares of the 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 completion of the transaction, the director now owns 184,617 shares in the company, valued at $15,993,370.71. The trade was a 3.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 3,931,701 shares of company stock worth $373,180,433. Company insiders own 9.23% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on PLTR. Jefferies Financial Group boosted their price target on shares of Palantir Technologies from $28.00 to $60.00 and gave the company an "underperform" rating in a research report on Tuesday, February 4th. Wedbush set a $140.00 price objective on shares of Palantir Technologies and gave the stock an "outperform" rating in a report on Tuesday, May 6th. Deutsche Bank Aktiengesellschaft restated a "sell" rating on shares of Palantir Technologies in a report on Tuesday, May 6th. William Blair set a $84.00 price objective on shares of Palantir Technologies in a report on Wednesday, March 5th. Finally, Daiwa America upgraded shares of Palantir Technologies to a "hold" rating in a report on Tuesday, April 1st. Five research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $83.95.

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.