Teza Capital Management LLC Buys Shares of 3,628 Palantir Technologies Inc. (NASDAQ:PLTR)

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

A number of other large investors have also made changes to their positions in the stock. Heritage Wealth Management Inc. CA lifted its position in shares of Palantir Technologies by 0.4% during the 4th quarter. Heritage Wealth Management Inc. CA now owns 29,024 shares of the company's stock valued at $2,195,000 after acquiring an additional 111 shares during the period. True Wealth Design LLC increased its stake in Palantir Technologies by 29.3% in the 4th quarter. True Wealth Design LLC now owns 503 shares of the company's stock valued at $38,000 after purchasing an additional 114 shares in the last quarter. Westover Capital Advisors LLC raised its holdings in Palantir Technologies by 1.8% during the fourth quarter. Westover Capital Advisors LLC now owns 7,330 shares of the company's stock worth $554,000 after purchasing an additional 130 shares during the last quarter. Tritonpoint Wealth LLC boosted its position in Palantir Technologies by 1.9% during the fourth quarter. Tritonpoint Wealth LLC now owns 7,100 shares of the company's stock worth $537,000 after purchasing an additional 132 shares in the last quarter. Finally, Twin Peaks Wealth Advisors LLC grew its holdings in Palantir Technologies by 2.2% in the fourth quarter. Twin Peaks Wealth Advisors LLC now owns 6,523 shares of the company's stock valued at $493,000 after purchasing an additional 139 shares during the last quarter. Hedge funds and other institutional investors own 45.65% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on PLTR. Wedbush set a $140.00 price target on Palantir Technologies and gave the stock an "outperform" rating in a research note on Tuesday, May 6th. Mizuho lifted their target price on shares of Palantir Technologies from $80.00 to $94.00 and gave the stock an "underperform" rating in a research report on Tuesday, May 6th. Bank of America increased their price target on shares of Palantir Technologies from $90.00 to $125.00 and gave the company a "buy" rating in a research report on Tuesday, February 4th. Citigroup lifted their price objective on Palantir Technologies from $110.00 to $115.00 and gave the stock a "neutral" rating in a research report on Thursday, May 8th. Finally, Royal Bank of Canada reaffirmed an "underperform" rating on shares of Palantir Technologies in a research note on Tuesday, May 6th. Five research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Palantir Technologies presently has a consensus rating of "Hold" and an average target price of $83.95.

Palantir Technologies Price Performance

Shares of NASDAQ PLTR opened at $125.59 on Wednesday. Palantir Technologies Inc. has a 1-year low of $20.63 and a 1-year high of $133.49. The company has a market capitalization of $294.55 billion, a price-to-earnings ratio of 661.03, a PEG ratio of 10.84 and a beta of 2.68. The business has a 50-day moving average of $100.49 and a 200-day moving average of $86.30.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last released its quarterly earnings results on Monday, May 5th. The company reported $0.13 earnings per share for the quarter, hitting analysts' consensus estimates of $0.13. Palantir Technologies had a return on equity of 6.85% and a net margin of 16.13%. The firm had revenue of $883.86 million during the quarter, compared to analysts' expectations of $863.89 million. During the same quarter in the prior year, the business earned $0.08 EPS. Palantir Technologies's quarterly revenue was up 39.4% compared to the same quarter last year. Research analysts expect that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Stephen Andrew Cohen sold 1,250,000 shares of the stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $82.75, for a total value of $103,437,500.00. Following the completion of the transaction, the insider now owns 592 shares of the company's stock, valued at approximately $48,988. This represents a 99.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Heather A. Planishek sold 18,537 shares of the company's stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $102.32, for a total value of $1,896,705.84. Following the completion of the transaction, the insider now directly owns 493,469 shares in the company, valued at approximately $50,491,748.08. The trade was a 3.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,964,290 shares of company stock valued at $250,504,866 in the last quarter. 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.

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