5,061 Shares in Palantir Technologies Inc. (NASDAQ:PLTR) Purchased by Thoma Capital Management LLC

Thoma Capital Management LLC bought a new position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 5,061 shares of the company's stock, valued at approximately $383,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Tallon Kerry Patrick bought a new stake in Palantir Technologies in the 4th quarter valued at about $289,000. Geneos Wealth Management Inc. raised its position in shares of Palantir Technologies by 1.4% in the 4th quarter. Geneos Wealth Management Inc. now owns 14,406 shares of the company's stock valued at $1,090,000 after buying an additional 196 shares in the last quarter. Drive Wealth Management LLC acquired a new position in shares of Palantir Technologies in the 4th quarter valued at approximately $262,000. Capital Asset Advisory Services LLC acquired a new position in shares of Palantir Technologies in the 4th quarter valued at approximately $387,000. Finally, Union Bancaire Privee UBP SA acquired a new position in shares of Palantir Technologies in the 4th quarter valued at approximately $15,177,000. Institutional investors own 45.65% of the company's stock.

Palantir Technologies Trading Down 1.2%

PLTR traded down $1.44 during trading on Thursday, reaching $122.32. 62,834,015 shares of the company's stock were exchanged, compared to its average volume of 78,213,696. Palantir Technologies Inc. has a one year low of $21.01 and a one year high of $133.49. The stock has a market capitalization of $286.88 billion, a PE ratio of 643.82, a price-to-earnings-growth ratio of 10.84 and a beta of 2.68. The firm has a fifty day moving average price of $104.78 and a two-hundred day moving average price of $88.97.

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

Insider Activity

In other Palantir Technologies news, insider Alexander C. Karp sold 39,825 shares of the company's stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $125.97, for a total transaction of $5,016,755.25. Following the transaction, the insider now owns 6,432,258 shares in the company, valued at approximately $810,271,540.26. This represents a 0.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Stephen Andrew Cohen sold 1,250,000 shares of the company's stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $82.75, for a total transaction of $103,437,500.00. Following the transaction, the insider now owns 592 shares in the company, valued at approximately $48,988. The trade was a 99.95% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 3,901,701 shares of company stock valued at $370,407,533. 9.23% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several brokerages have recently commented on PLTR. Northland Securities boosted their target price on shares of Palantir Technologies from $38.00 to $80.00 and gave the company a "market perform" rating in a research report on Tuesday, February 4th. Robert W. Baird boosted their target price on shares of Palantir Technologies from $70.00 to $100.00 and gave the company a "neutral" rating in a research report on Tuesday, February 4th. UBS Group boosted their target price on shares of Palantir Technologies from $105.00 to $110.00 and gave the company a "neutral" rating in a research report on Tuesday, May 6th. Loop Capital boosted their target price on shares of Palantir Technologies from $125.00 to $130.00 and gave the company a "buy" rating in a research report on Tuesday, May 6th. Finally, William Blair set a $84.00 target price on shares of Palantir Technologies in a research report on Wednesday, March 5th. Five analysts have rated the stock with a sell rating, fifteen have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $83.95.

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.