Universal Beteiligungs und Servicegesellschaft mbH Makes New Investment in Palantir Technologies Inc. (NASDAQ:PLTR)

Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 815,409 shares of the company's stock, valued at approximately $61,669,000.

Several other hedge funds have also bought and sold shares of the stock. Bernard Wealth Management Corp. bought a new stake in Palantir Technologies during the fourth quarter valued at about $202,000. Pinnacle Wealth Planning Services Inc. bought a new position in shares of Palantir Technologies in the fourth quarter worth about $210,000. Capital A Wealth Management LLC bought a new position in shares of Palantir Technologies in the fourth quarter worth about $180,000. Virtue Capital Management LLC bought a new position in shares of Palantir Technologies in the fourth quarter worth about $540,000. Finally, B. Riley Wealth Advisors Inc. boosted its stake in shares of Palantir Technologies by 0.8% in the fourth quarter. B. Riley Wealth Advisors Inc. now owns 215,928 shares of the company's stock worth $16,331,000 after acquiring an additional 1,771 shares during the period. Institutional investors own 45.65% of the company's stock.

Palantir Technologies Stock Performance

PLTR stock traded up $0.37 during midday trading on Wednesday, reaching $123.76. 64,203,392 shares of the company traded hands, compared to its average volume of 78,060,498. Palantir Technologies Inc. has a 52-week low of $20.64 and a 52-week high of $133.49. The business has a 50 day moving average of $104.13 and a 200-day moving average of $88.73. The firm has a market capitalization of $290.26 billion, a price-to-earnings ratio of 651.40, a P/E/G ratio of 10.84 and a beta of 2.68.

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 (EPS) for the quarter, meeting analysts' consensus estimates of $0.13. Palantir Technologies had a return on equity of 6.85% and a net margin of 16.13%. The business had revenue of $883.86 million for the quarter, compared to the consensus estimate of $863.89 million. During the same period in the prior year, the business posted $0.08 earnings per share. The company's quarterly revenue was up 39.4% compared to the same quarter last year. Research analysts anticipate that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Insider Buying and Selling at Palantir Technologies

In other news, insider Ryan D. Taylor sold 3,936 shares of the stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $125.97, for a total value of $495,817.92. Following the sale, the insider now directly owns 363,755 shares in the company, valued at approximately $45,822,217.35. This represents a 1.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Lauren Elaina Friedman Stat sold 800 shares of the stock in a transaction that occurred on Thursday, April 3rd. The stock was sold at an average price of $81.25, for a total value of $65,000.00. Following the completion of the sale, the director now owns 61,339 shares in the company, valued at approximately $4,983,793.75. The trade was a 1.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 3,901,701 shares of company stock worth $370,407,533 over the last ninety days. Company insiders own 9.23% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Bank of America upped their price objective on Palantir Technologies from $90.00 to $125.00 and gave the stock a "buy" rating in a research note on Tuesday, February 4th. Deutsche Bank Aktiengesellschaft reaffirmed a "sell" rating on shares of Palantir Technologies in a research note on Tuesday, May 6th. Robert W. Baird upped their price objective on Palantir Technologies from $70.00 to $100.00 and gave the stock a "neutral" rating in a research note on Tuesday, February 4th. DA Davidson upped their price objective on Palantir Technologies from $100.00 to $115.00 and gave the stock a "neutral" rating in a research note on Tuesday, May 6th. Finally, Morgan Stanley upped their price objective on Palantir Technologies from $90.00 to $98.00 and gave the stock an "equal weight" rating in a research note on Tuesday, May 6th. Five equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Palantir Technologies has a consensus rating of "Hold" and a consensus price target 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.