YHB Investment Advisors Inc. Has $712,000 Stock Position in Palantir Technologies Inc. (NASDAQ:PLTR)

YHB Investment Advisors Inc. lifted its position in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 115.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,438 shares of the company's stock after acquiring an additional 4,513 shares during the quarter. YHB Investment Advisors Inc.'s holdings in Palantir Technologies were worth $712,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Embree Financial Group increased its stake in Palantir Technologies by 6.0% in the 1st quarter. Embree Financial Group now owns 25,715 shares of the company's stock worth $2,170,000 after buying an additional 1,449 shares during the period. Mascagni Wealth Management Inc. grew its stake in Palantir Technologies by 155.5% in the 1st quarter. Mascagni Wealth Management Inc. now owns 27,209 shares of the company's stock worth $2,296,000 after acquiring an additional 16,560 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. increased its position in shares of Palantir Technologies by 498.9% during the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 1,054 shares of the company's stock worth $89,000 after acquiring an additional 878 shares during the period. Legacy Advisors LLC raised its stake in shares of Palantir Technologies by 39.1% during the first quarter. Legacy Advisors LLC now owns 7,781 shares of the company's stock valued at $657,000 after acquiring an additional 2,186 shares in the last quarter. Finally, AssuredPartners Investment Advisors LLC raised its stake in shares of Palantir Technologies by 1.1% during the first quarter. AssuredPartners Investment Advisors LLC now owns 11,977 shares of the company's stock valued at $1,011,000 after acquiring an additional 134 shares in the last quarter. 45.65% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Stephen Andrew Cohen sold 309,696 shares of the firm's stock in a transaction that occurred on 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 transaction, the insider now owns 592 shares of the company's stock, valued at approximately $74,822.88. This trade represents a 99.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Shyam Sankar sold 150,814 shares of the firm's stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $126.39, for a total transaction of $19,061,381.46. Following the completion of the sale, the insider now owns 702,786 shares in the company, valued at approximately $88,825,122.54. The trade was a 17.67% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,506,925 shares of company stock worth $188,456,658 over the last 90 days. 9.23% of the stock is owned by company insiders.

Palantir Technologies Trading Up 0.9%

PLTR traded up $1.35 during trading on Thursday, reaching $144.25. 69,288,054 shares of the company were exchanged, compared to its average volume of 81,348,190. Palantir Technologies Inc. has a 52 week low of $21.23 and a 52 week high of $148.06. The firm has a 50 day moving average of $123.49 and a 200 day moving average of $98.53. The stock has a market cap of $340.42 billion, a P/E ratio of 627.17, a PEG ratio of 12.23 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 earnings per share for the quarter, hitting the consensus estimate of $0.13. Palantir Technologies had a net margin of 18.32% and a return on equity of 6.55%. The business had revenue of $883.86 million during the quarter, compared to the consensus estimate of $863.89 million. During the same quarter in the prior year, the company posted $0.08 earnings per share. The company's quarterly revenue was up 39.4% compared to the same quarter last year. As a group, analysts forecast that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have commented on the company. William Blair set a $84.00 price objective on Palantir Technologies in a report on Wednesday, March 5th. Loop Capital set a $155.00 price target on Palantir Technologies and gave the stock a "buy" rating in a research report on Thursday, June 12th. Cantor Fitzgerald raised their price target on Palantir Technologies from $98.00 to $110.00 and gave the company a "neutral" rating in a research note on Tuesday, May 6th. Citigroup upped their price objective on shares of Palantir Technologies from $110.00 to $115.00 and gave the stock a "neutral" rating in a research note on Thursday, May 8th. Finally, Royal Bank Of Canada reiterated an "underperform" rating on shares of Palantir Technologies in a report on Tuesday, May 6th. Five analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $89.32.

Palantir Technologies Company 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.