Yousif Capital Management LLC Grows Stock Holdings in Palantir Technologies Inc. (NASDAQ:PLTR)

Yousif Capital Management LLC raised its stake in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 3.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 243,516 shares of the company's stock after acquiring an additional 7,527 shares during the quarter. Yousif Capital Management LLC's holdings in Palantir Technologies were worth $20,553,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in PLTR. Parisi Gray Wealth Management grew its holdings in Palantir Technologies by 6.3% during the first quarter. Parisi Gray Wealth Management now owns 119,768 shares of the company's stock valued at $10,108,000 after purchasing an additional 7,057 shares during the period. Octavia Wealth Advisors LLC increased its holdings in Palantir Technologies by 0.6% in the 1st quarter. Octavia Wealth Advisors LLC now owns 22,610 shares of the company's stock worth $1,908,000 after acquiring an additional 143 shares during the last quarter. International Private Wealth Advisors LLC bought a new stake in Palantir Technologies in the 1st quarter valued at about $246,000. Investment Advisory Group LLC purchased a new stake in Palantir Technologies during the first quarter valued at about $269,000. Finally, Tounjian Advisory Partners LLC bought a new position in Palantir Technologies during the first quarter worth about $1,178,000. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

PLTR has been the subject of several analyst reports. Mizuho raised their price objective on shares of Palantir Technologies from $94.00 to $116.00 and gave the stock an "underperform" rating in a report on Wednesday. Royal Bank of Canada reaffirmed an "underperform" rating on shares of Palantir Technologies in a report on Tuesday, May 6th. UBS Group lifted 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. Morgan Stanley increased their price objective on Palantir Technologies from $90.00 to $98.00 and gave the stock an "equal weight" rating in a report on Tuesday, May 6th. Finally, William Blair set a $84.00 target price on Palantir Technologies in a report on Wednesday, March 5th. Five research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $86.30.

Palantir Technologies Price Performance

Palantir Technologies stock traded down $1.13 during mid-day trading on Thursday, hitting $135.26. The company's stock had a trading volume of 45,416,659 shares, compared to its average volume of 100,448,750. The business has a 50 day moving average price of $113.13 and a 200-day moving average price of $93.63. Palantir Technologies Inc. has a 12 month low of $21.23 and a 12 month high of $140.00. The stock has a market cap of $319.20 billion, a price-to-earnings ratio of 711.93, a price-to-earnings-growth ratio of 10.84 and a beta of 2.64.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last released its earnings results on Monday, May 5th. The company reported $0.13 earnings per share for the quarter, meeting analysts' consensus estimates of $0.13. Palantir Technologies had a return on equity of 6.85% and a net margin of 16.13%. The company had revenue of $883.86 million during the quarter, compared to analyst estimates of $863.89 million. During the same quarter in the previous year, the company posted $0.08 EPS. Palantir Technologies's revenue for the quarter was up 39.4% on a year-over-year basis. On average, equities research analysts expect that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

Insider Buying and Selling at Palantir Technologies

In related news, insider Shyam Sankar sold 150,814 shares of the business's stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $126.39, for a total transaction of $19,061,381.46. Following the transaction, the insider now owns 702,786 shares in the company, valued at $88,825,122.54. The trade was a 17.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Stephen Andrew Cohen sold 310,000 shares of the firm's stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $87.07, for a total transaction of $26,991,700.00. Following the completion of the sale, the insider now owns 592 shares of the company's stock, valued at $51,545.44. This trade represents a 99.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,661,925 shares of company stock worth $268,580,958. 9.23% of the stock is currently owned by company insiders.

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.