TruNorth Capital Management LLC Makes New $150,000 Investment in Palantir Technologies Inc. (NASDAQ:PLTR)

TruNorth Capital Management LLC acquired a new position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 1,780 shares of the company's stock, valued at approximately $150,000.

Several other large investors have also recently bought and sold shares of PLTR. Revolve Wealth Partners LLC acquired a new position in Palantir Technologies during the 4th quarter worth $450,000. Assetmark Inc. lifted its holdings in Palantir Technologies by 46.3% during the 4th quarter. Assetmark Inc. now owns 1,191 shares of the company's stock worth $90,000 after buying an additional 377 shares in the last quarter. Proficio Capital Partners LLC acquired a new position in Palantir Technologies during the 4th quarter worth $522,000. Skandinaviska Enskilda Banken AB publ acquired a new position in Palantir Technologies during the 4th quarter worth $386,000. Finally, Impact Capital Partners LLC acquired a new position in Palantir Technologies during the 4th quarter worth $224,000. Institutional investors and hedge funds own 45.65% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Daiwa America raised Palantir Technologies to a "hold" rating in a research note on Tuesday, April 1st. UBS Group reissued a "positive" rating on shares of Palantir Technologies in a research note on Wednesday, June 25th. Daiwa Capital Markets assumed coverage on Palantir Technologies in a research note on Tuesday, April 1st. They issued a "neutral" rating and a $90.00 price target on the stock. Loop Capital set a $155.00 price target on Palantir Technologies and gave the company a "buy" rating in a research note on Thursday, June 12th. Finally, Deutsche Bank Aktiengesellschaft reissued a "sell" rating on shares of Palantir Technologies in a research note on Tuesday, May 6th. 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. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $89.32.

Insider Buying and Selling at Palantir Technologies

In related news, insider Alexander C. Karp sold 358,982 shares of Palantir Technologies stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $126.39, for a total value of $45,371,734.98. Following the sale, the insider owned 6,432,258 shares of the company's stock, valued at approximately $812,973,088.62. This trade represents a 5.29% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Shyam Sankar sold 405,000 shares of the company's stock in a transaction that occurred on Tuesday, June 10th. The stock was sold at an average price of $132.08, for a total value of $53,492,400.00. Following the transaction, the insider directly owned 702,786 shares of the company's stock, valued at approximately $92,823,974.88. This trade represents a 36.56% decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,452,297 shares of company stock valued at $186,222,373 in the last 90 days. 9.23% of the stock is currently owned by corporate insiders.

Palantir Technologies Stock Down 0.3%

Shares of PLTR stock opened at $142.10 on Friday. Palantir Technologies Inc. has a 12-month low of $21.23 and a 12-month high of $148.22. The firm has a fifty day moving average of $130.81 and a 200-day moving average of $103.81. The company has a market capitalization of $335.34 billion, a price-to-earnings ratio of 617.83, a P/E/G ratio of 12.13 and a beta of 2.59.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last released its earnings results on Monday, May 5th. The company reported $0.13 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.13. Palantir Technologies had a return on equity of 6.55% and a net margin of 18.32%. 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 company earned $0.08 EPS. The company's revenue was up 39.4% on a year-over-year basis. On average, equities analysts expect that Palantir Technologies Inc. will post 0.31 EPS for the current 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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