Traveka Wealth LLC Makes New $296,000 Investment in Palantir Technologies Inc. (NASDAQ:PLTR)

Traveka Wealth LLC purchased a new stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 3,508 shares of the company's stock, valued at approximately $296,000.

Several other institutional investors and hedge funds have also modified their holdings of PLTR. Richardson Capital Management LLC acquired a new stake in Palantir Technologies during the first quarter valued at $33,000. Summit Securities Group LLC acquired a new stake in Palantir Technologies during the fourth quarter valued at $34,000. Atlantic Edge Private Wealth Management LLC lifted its position in shares of Palantir Technologies by 45.5% in the first quarter. Atlantic Edge Private Wealth Management LLC now owns 400 shares of the company's stock worth $34,000 after buying an additional 125 shares during the last quarter. Fairfield Financial Advisors LTD acquired a new stake in shares of Palantir Technologies in the fourth quarter worth about $35,000. Finally, Godsey & Gibb Inc. lifted its position in shares of Palantir Technologies by 740.0% in the first quarter. Godsey & Gibb Inc. now owns 420 shares of the company's stock worth $35,000 after buying an additional 370 shares during the last quarter. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, insider Shyam Sankar sold 405,000 shares of the company's stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $132.08, for a total transaction of $53,492,400.00. Following the completion of the sale, the insider directly owned 702,786 shares in the company, valued at $92,823,974.88. This represents a 36.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Stephen Andrew Cohen sold 34,357 shares of the company's stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $125.96, for a total transaction of $4,327,607.72. Following the sale, the insider owned 592 shares of the company's stock, valued at approximately $74,568.32. The trade was a 98.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,451,497 shares of company stock worth $186,110,685. Company insiders own 9.23% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on PLTR. Morgan Stanley boosted their price target on Palantir Technologies from $90.00 to $98.00 and gave the stock an "equal weight" rating in a research report on Tuesday, May 6th. DA Davidson boosted their price target on Palantir Technologies from $100.00 to $115.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 6th. Daiwa America raised Palantir Technologies to a "hold" rating in a research report on Tuesday, April 1st. Daiwa Capital Markets assumed coverage on Palantir Technologies in a research report on Tuesday, April 1st. They set a "neutral" rating and a $90.00 price objective for the company. Finally, The Goldman Sachs Group boosted their price objective on Palantir Technologies from $80.00 to $90.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 6th. Five investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $89.32.

Palantir Technologies Trading Up 1.6%

Shares of PLTR opened at $134.27 on Friday. The stock has a market capitalization of $316.85 billion, a P/E ratio of 583.76, a price-to-earnings-growth ratio of 11.47 and a beta of 2.59. The firm's fifty day simple moving average is $128.47 and its two-hundred day simple moving average is $101.68. Palantir Technologies Inc. has a 12 month low of $21.23 and a 12 month high of $148.22.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last released its quarterly earnings data on Monday, May 5th. The company reported $0.13 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.13. The company had revenue of $883.86 million for the quarter, compared to analysts' expectations of $863.89 million. Palantir Technologies had a net margin of 18.32% and a return on equity of 6.55%. The business's revenue was up 39.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.08 EPS. As a group, research analysts predict that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

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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