127,379 Shares in Palantir Technologies Inc. (NASDAQ:PLTR) Acquired by Woodline Partners LP

Woodline Partners LP bought a new stake in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 127,379 shares of the company's stock, valued at approximately $9,634,000.

Other institutional investors have also modified their holdings of the company. Roxbury Financial LLC acquired a new position in shares of Palantir Technologies in the 4th quarter valued at $27,000. First PREMIER Bank purchased a new position in Palantir Technologies in the 4th quarter valued at $28,000. HighMark Wealth Management LLC grew its position in Palantir Technologies by 73.5% in the 4th 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 last quarter. Sierra Ocean LLC purchased a new position in Palantir Technologies in the 4th quarter valued at $31,000. Finally, R Squared Ltd purchased a new position in Palantir Technologies in the 4th quarter valued at $33,000. 45.65% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Palantir Technologies

In other news, Director Alexandra W. Schiff sold 6,776 shares of the company's 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 legal filing with the SEC, which is available through this link. Also, Director Lauren Elaina Friedman Stat sold 800 shares of the company's stock in a transaction dated Thursday, April 3rd. The shares were sold at an average price of $81.25, for a total transaction of $65,000.00. Following the transaction, the director now directly owns 61,339 shares of the company's stock, valued at approximately $4,983,793.75. This represents a 1.29% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 3,901,701 shares of company stock valued at $370,407,533. 9.23% of the stock is owned by insiders.

Palantir Technologies Stock Up 2.1%

Shares of Palantir Technologies stock traded up $2.53 on Tuesday, hitting $125.84. The company's stock had a trading volume of 27,930,417 shares, compared to its average volume of 77,679,878. Palantir Technologies Inc. has a 52-week low of $20.64 and a 52-week high of $133.49. The firm has a fifty day moving average price of $103.41 and a 200-day moving average price of $88.49. The company has a market capitalization of $295.14 billion, a P/E ratio of 662.36, a price-to-earnings-growth ratio of 10.84 and a beta of 2.68.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last released its quarterly earnings data on Monday, May 5th. The company reported $0.13 EPS for the quarter, hitting the consensus estimate of $0.13. Palantir Technologies had a net margin of 16.13% and a return on equity of 6.85%. The business had revenue of $883.86 million for the quarter, compared to analyst estimates of $863.89 million. During the same period in the previous year, the firm earned $0.08 EPS. The business's revenue for the quarter was up 39.4% compared to the same quarter last year. As a group, analysts expect that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Bank of America lifted their price objective on shares of Palantir Technologies from $90.00 to $125.00 and gave the company a "buy" rating in a research report on Tuesday, February 4th. Deutsche Bank Aktiengesellschaft reiterated a "sell" rating on shares of Palantir Technologies in a research report on Tuesday, May 6th. DA Davidson lifted their price objective on shares of Palantir Technologies from $100.00 to $115.00 and gave the company a "neutral" rating in a research report on Tuesday, May 6th. Daiwa America upgraded shares of Palantir Technologies to a "hold" rating in a research report on Tuesday, April 1st. Finally, Northland Securities boosted their target price on shares of Palantir Technologies from $38.00 to $80.00 and gave the stock a "market perform" rating in a research report 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 issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target 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.