Wagner Wealth Management LLC Purchases Shares of 2,914 Palantir Technologies Inc. (NASDAQ:PLTR)

Wagner Wealth Management LLC purchased a new stake in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 2,914 shares of the company's stock, valued at approximately $246,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Chicago Capital LLC boosted its stake in shares of Palantir Technologies by 68.7% in the 1st quarter. Chicago Capital LLC now owns 244,883 shares of the company's stock valued at $20,668,000 after buying an additional 99,728 shares during the period. Schaper Benz & Wise Investment Counsel Inc. WI raised its holdings in shares of Palantir Technologies by 4.0% in the 1st quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 130,328 shares of the company's stock valued at $11,000,000 after purchasing an additional 5,058 shares in the last quarter. Vivid Wealth Management LLC purchased a new stake in shares of Palantir Technologies during the 1st quarter worth $2,095,000. Vista Investment Partners LLC lifted its position in shares of Palantir Technologies by 17.4% during the 1st quarter. Vista Investment Partners LLC now owns 9,037 shares of the company's stock worth $763,000 after purchasing an additional 1,338 shares during the last quarter. Finally, Inscription Capital LLC purchased a new stake in shares of Palantir Technologies during the 1st quarter worth $818,000. Hedge funds and other institutional investors own 45.65% of the company's stock.

Analysts Set New Price Targets

PLTR has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a "sell" rating on shares of Palantir Technologies in a report on Tuesday, May 6th. Wedbush set a $140.00 target price on Palantir Technologies and gave the stock an "outperform" rating in a research note on Tuesday, May 6th. William Blair set a $84.00 target price on Palantir Technologies in a research note on Wednesday, March 5th. Morgan Stanley boosted their price objective on shares of Palantir Technologies from $90.00 to $98.00 and gave the stock an "equal weight" rating in a research report on Tuesday, May 6th. Finally, Royal Bank of Canada restated an "underperform" rating on shares of Palantir Technologies in a research report on Tuesday, May 6th. Five 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 stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $86.30.

Palantir Technologies Stock Performance

Shares of NASDAQ:PLTR opened at $141.41 on Tuesday. The company has a 50-day simple moving average of $116.76 and a 200-day simple moving average of $95.53. Palantir Technologies Inc. has a one year low of $21.23 and a one year high of $144.86. The stock has a market capitalization of $333.72 billion, a price-to-earnings ratio of 744.30, a PEG ratio of 10.84 and a beta of 2.64.

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 the consensus estimate of $0.13. The firm had revenue of $883.86 million during the quarter, compared to the consensus estimate of $863.89 million. Palantir Technologies had a return on equity of 6.85% and a net margin of 16.13%. The firm's revenue was up 39.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.08 EPS. As a group, research analysts forecast that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Insider Transactions at Palantir Technologies

In related news, insider Stephen Andrew Cohen sold 309,696 shares of the stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $126.39, for a total transaction of $39,142,477.44. Following the completion of the transaction, the insider now directly owns 592 shares of the company's stock, valued at $74,822.88. This represents a 99.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Ryan D. Taylor sold 98,177 shares of the stock in a transaction dated Monday, March 31st. The stock was sold at an average price of $82.80, for a total transaction of $8,129,055.60. Following the transaction, the insider now directly owns 403,171 shares of the company's stock, valued at $33,382,558.80. This represents a 19.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,506,925 shares of company stock worth $188,456,658 over the last 90 days. 9.23% of the stock is currently owned by insiders.

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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