White Knight Strategic Wealth Advisors LLC Grows Stock Position in Palantir Technologies Inc. (NASDAQ:PLTR)

White Knight Strategic Wealth Advisors LLC boosted its position in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 92.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,082 shares of the company's stock after purchasing an additional 7,227 shares during the period. White Knight Strategic Wealth Advisors LLC's holdings in Palantir Technologies were worth $1,141,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Roxbury Financial LLC acquired a new stake in shares of Palantir Technologies in the fourth quarter valued at about $27,000. First PREMIER Bank acquired a new stake in shares of Palantir Technologies in the fourth quarter valued at about $28,000. HighMark Wealth Management LLC increased its stake in shares of Palantir Technologies by 73.5% in the fourth quarter. HighMark Wealth Management LLC now owns 392 shares of the company's stock valued at $30,000 after buying an additional 166 shares during the period. Sierra Ocean LLC acquired a new stake in shares of Palantir Technologies in the fourth quarter valued at about $31,000. Finally, R Squared Ltd acquired a new stake in shares of Palantir Technologies in the fourth quarter valued at about $33,000. Institutional investors and hedge funds own 45.65% of the company's stock.

Palantir Technologies Price Performance

Shares of PLTR stock traded down $5.01 during trading hours on Wednesday, reaching $120.58. The company had a trading volume of 80,301,731 shares, compared to its average volume of 77,331,731. Palantir Technologies Inc. has a 12 month low of $20.63 and a 12 month high of $133.49. The business has a fifty day simple moving average of $101.18 and a 200-day simple moving average of $86.53. The company has a market cap of $282.80 billion, a price-to-earnings ratio of 634.66, a price-to-earnings-growth ratio of 10.84 and a beta of 2.68.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last issued its quarterly earnings results on Monday, May 5th. The company reported $0.13 EPS for the quarter, meeting analysts' consensus estimates of $0.13. The company 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%. Palantir Technologies's revenue was up 39.4% on a year-over-year basis. During the same period last year, the business posted $0.08 earnings per share. On average, equities research analysts expect that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Insider Activity at Palantir Technologies

In other news, insider Heather A. Planishek bought 10,000 shares of the firm's stock in a transaction on Thursday, May 8th. The stock was acquired at an average cost of $116.14 per share, with a total value of $1,161,400.00. Following the completion of the transaction, the insider now directly owns 58,006 shares of the company's stock, valued at $6,736,816.84. This represents a 20.83% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Alexandra W. Schiff sold 6,776 shares of the firm's stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $86.63, for a total value of $587,004.88. Following the completion of the sale, the director now directly owns 184,617 shares of the company's stock, valued at $15,993,370.71. This represents a 3.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 2,964,290 shares of company stock valued at $250,504,866. 9.23% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Robert W. Baird increased their price target on Palantir Technologies from $70.00 to $100.00 and gave the company a "neutral" rating in a research note on Tuesday, February 4th. Mizuho increased their price target on Palantir Technologies from $80.00 to $94.00 and gave the company an "underperform" rating in a research note on Tuesday, May 6th. Daiwa Capital Markets began coverage on Palantir Technologies in a research note on Tuesday, April 1st. They set a "neutral" rating and a $90.00 target price for the company. Bank of America raised their target price on Palantir Technologies from $90.00 to $125.00 and gave the stock a "buy" rating in a research note on Tuesday, February 4th. Finally, Northland Securities raised their target price on Palantir Technologies from $38.00 to $80.00 and gave the stock a "market perform" rating in a research note on Tuesday, February 4th. Five equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Palantir Technologies has an average rating of "Hold" and an average target price of $83.95.

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.