Yarger Wealth Strategies LLC Makes New $232,000 Investment in Palantir Technologies Inc. (NASDAQ:PLTR)

Yarger Wealth Strategies LLC acquired a new position in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The fund acquired 2,752 shares of the company's stock, valued at approximately $232,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Roxbury Financial LLC acquired a new position in shares of Palantir Technologies during the 4th quarter valued at about $27,000. HighMark Wealth Management LLC boosted 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 period. Sierra Ocean LLC purchased a new position in shares of Palantir Technologies during the 4th quarter valued at approximately $31,000. First Command Advisory Services Inc. purchased a new position in shares of Palantir Technologies during the 4th quarter valued at approximately $34,000. Finally, Summit Securities Group LLC bought a new position in Palantir Technologies during the fourth quarter worth $34,000. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on PLTR shares. The Goldman Sachs Group raised their price target on Palantir Technologies from $80.00 to $90.00 and gave the company a "neutral" rating in a report on Tuesday, May 6th. UBS Group increased their price target on Palantir Technologies from $105.00 to $110.00 and gave the company a "neutral" rating in a research report on Tuesday, May 6th. Deutsche Bank Aktiengesellschaft restated a "sell" rating on shares of Palantir Technologies in a research report on Tuesday, May 6th. Citigroup raised their price target on Palantir Technologies from $110.00 to $115.00 and gave the stock a "neutral" rating in a research note on Thursday, May 8th. Finally, Cantor Fitzgerald raised their price target on Palantir Technologies from $98.00 to $110.00 and gave the stock a "neutral" rating in a research note on Tuesday, May 6th. Five analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $86.30.

Palantir Technologies Price Performance

PLTR traded down $1.20 during trading on Thursday, reaching $135.19. 56,051,410 shares of the company's stock were exchanged, compared to its average volume of 80,529,565. Palantir Technologies Inc. has a 1 year low of $21.23 and a 1 year high of $140.00. The stock has a market capitalization of $319.04 billion, a P/E ratio of 711.56, a price-to-earnings-growth ratio of 10.84 and a beta of 2.64. The company's fifty day simple moving average is $113.13 and its 200-day simple moving average is $93.63.

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

Insider Activity

In other news, Director Lauren Elaina Friedman Stat sold 800 shares of Palantir Technologies stock in a transaction dated Thursday, April 3rd. The stock was sold at an average price of $81.25, for a total value of $65,000.00. Following the transaction, the director now directly owns 61,339 shares of the company's stock, valued at $4,983,793.75. The trade was a 1.29% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Stephen Andrew Cohen sold 1,250,000 shares of the firm's stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $85.30, for a total value of $106,625,000.00. Following the sale, the insider now owns 592 shares in the company, valued at approximately $50,497.60. The trade was a 99.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 3,066,925 shares of company stock valued at $322,073,358. 9.23% of the stock is currently owned by company 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.