Virtue Capital Management LLC Makes New $540,000 Investment in Palantir Technologies Inc. (NASDAQ:PLTR)

Virtue Capital Management LLC acquired a new position in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 7,134 shares of the company's stock, valued at approximately $540,000.

Other hedge funds also recently added to or reduced their stakes in the company. Roxbury Financial LLC purchased a new position in Palantir Technologies in the 4th quarter worth approximately $27,000. HighMark Wealth Management LLC raised its holdings in Palantir Technologies by 73.5% in the 4th quarter. HighMark Wealth Management LLC now owns 392 shares of the company's stock worth $30,000 after acquiring an additional 166 shares during the last quarter. Sierra Ocean LLC purchased a new stake in Palantir Technologies during the 4th quarter valued at $31,000. R Squared Ltd purchased a new stake in Palantir Technologies during the 4th quarter valued at $33,000. Finally, First Command Advisory Services Inc. purchased a new stake in Palantir Technologies during the 4th quarter valued at $34,000. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Palantir Technologies Stock Up 0.3%

PLTR stock traded up $0.37 during trading on Wednesday, reaching $123.76. The company's stock had a trading volume of 64,203,392 shares, compared to its average volume of 78,060,498. Palantir Technologies Inc. has a 1 year low of $20.64 and a 1 year high of $133.49. The company has a market capitalization of $290.26 billion, a P/E ratio of 651.40, a price-to-earnings-growth ratio of 10.84 and a beta of 2.68. The company's fifty day moving average is $104.13 and its 200-day moving average is $88.73.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last issued its quarterly 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 6.85% and a net margin of 16.13%. The business had revenue of $883.86 million during the quarter, compared to analyst estimates of $863.89 million. During the same quarter in the prior year, the business posted $0.08 EPS. Palantir Technologies's revenue for the quarter was up 39.4% compared to the same quarter last year. Analysts anticipate that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Analysts Set New Price Targets

PLTR has been the subject of a number of research reports. 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 note on Tuesday, February 4th. Morgan Stanley boosted their target price on shares of Palantir Technologies from $90.00 to $98.00 and gave the company an "equal weight" rating in a research note on Tuesday, May 6th. The Goldman Sachs Group boosted their target price on shares of Palantir Technologies from $80.00 to $90.00 and gave the company a "neutral" rating in a research note on Tuesday, May 6th. William Blair set a $84.00 target price on shares of Palantir Technologies in a research note on Wednesday, March 5th. Finally, Bank of America boosted their target price on shares of Palantir Technologies from $90.00 to $125.00 and gave the company a "buy" rating in a research note on Tuesday, February 4th. Five investment 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, the company presently has a consensus rating of "Hold" and an average price target of $83.95.

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, Director Alexandra W. Schiff sold 6,776 shares of the stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $86.63, for a total transaction of $587,004.88. Following the completion of the transaction, the director now owns 184,617 shares of the company's stock, valued at $15,993,370.71. This represents a 3.54% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Stephen Andrew Cohen sold 1,250,000 shares of the stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $82.75, for a total transaction of $103,437,500.00. Following the completion of the transaction, the insider now directly owns 592 shares of the company's stock, valued at approximately $48,988. The trade was a 99.95% decrease in their position. The disclosure for this sale can be found here. Insiders sold 3,901,701 shares of company stock valued at $370,407,533 in the last 90 days. 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.