Wood Tarver Financial Group LLC Takes $251,000 Position in Palantir Technologies Inc. (NASDAQ:PLTR)

Wood Tarver Financial Group LLC bought a new position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 3,323 shares of the company's stock, valued at approximately $251,000.

Other institutional investors have also added to or reduced their stakes in the company. Mather Group LLC. grew its position in Palantir Technologies by 101.4% during the fourth quarter. Mather Group LLC. now owns 890 shares of the company's stock worth $67,000 after buying an additional 448 shares in the last quarter. Destiny Wealth Partners LLC acquired a new stake in Palantir Technologies during the fourth quarter worth about $3,233,000. American Institute for Advanced Investment Management LLP acquired a new stake in Palantir Technologies during the fourth quarter worth about $246,000. Sage Advisors LLC acquired a new stake in Palantir Technologies during the fourth quarter worth about $369,000. Finally, Diversified Investment Strategies LLC bought a new position in Palantir Technologies during the fourth quarter worth about $242,000. 45.65% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Palantir Technologies

In related news, insider Alexander C. Karp sold 39,825 shares of the firm's stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $125.97, for a total value of $5,016,755.25. Following the completion of the sale, the insider now directly owns 6,432,258 shares in the company, valued at approximately $810,271,540.26. This trade represents a 0.62% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Stephen Andrew Cohen sold 1,250,000 shares of the firm's 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 sale, the insider now owns 592 shares of the company's stock, valued at $48,988. This trade represents a 99.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 3,901,701 shares of company stock worth $370,407,533 in the last three months. Insiders own 9.23% of the company's stock.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Daiwa America upgraded shares of Palantir Technologies to a "hold" rating in a research note on Tuesday, April 1st. Mizuho raised their price target on shares of Palantir Technologies from $80.00 to $94.00 and gave the stock an "underperform" rating in a research note on Tuesday, May 6th. DA Davidson lifted their target price on shares of Palantir Technologies from $100.00 to $115.00 and gave the company a "neutral" rating in a research note on Tuesday, May 6th. Citigroup lifted their target price on shares of Palantir Technologies from $110.00 to $115.00 and gave the company a "neutral" rating in a research note on Thursday, May 8th. Finally, Deutsche Bank Aktiengesellschaft reissued a "sell" rating on shares of Palantir Technologies in a report on Tuesday, May 6th. Five research 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's stock. According to MarketBeat.com, Palantir Technologies has a consensus rating of "Hold" and a consensus price target of $83.95.

Palantir Technologies Price Performance

Palantir Technologies stock opened at $123.31 on Tuesday. The firm has a 50-day moving average of $103.41 and a 200-day moving average of $88.49. Palantir Technologies Inc. has a one year low of $20.64 and a one year high of $133.49. The company has a market cap of $289.21 billion, a price-to-earnings ratio of 649.03, a P/E/G ratio of 10.84 and a beta of 2.68.

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, hitting analysts' consensus estimates of $0.13. Palantir Technologies had a net margin of 16.13% and a return on equity of 6.85%. The company had revenue of $883.86 million during the quarter, compared to the consensus estimate of $863.89 million. During the same period in the prior year, the business posted $0.08 EPS. The company's quarterly revenue was up 39.4% on a year-over-year basis. As a group, sell-side analysts expect that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

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.

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