Yukon Wealth Management Inc. Makes New Investment in Palantir Technologies Inc. (NASDAQ:PLTR)

Yukon Wealth Management Inc. bought a new position in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 12,532 shares of the company's stock, valued at approximately $1,058,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sageworth Trust Co acquired a new stake in shares of Palantir Technologies during the 1st quarter worth about $864,000. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in shares of Palantir Technologies by 5.3% in the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 260,634 shares of the company's stock valued at $21,998,000 after acquiring an additional 13,049 shares during the last quarter. Clear Creek Financial Management LLC grew its position in Palantir Technologies by 9.1% during the 1st quarter. Clear Creek Financial Management LLC now owns 15,143 shares of the company's stock worth $1,278,000 after acquiring an additional 1,259 shares during the last quarter. Smith Group Asset Management LLC bought a new stake in Palantir Technologies during the 1st quarter worth approximately $411,000. Finally, BLB&B Advisors LLC grew its position in Palantir Technologies by 32.1% during the 1st quarter. BLB&B Advisors LLC now owns 5,419 shares of the company's stock worth $457,000 after acquiring an additional 1,316 shares during the last quarter. 45.65% of the stock is owned by institutional investors.

Palantir Technologies Price Performance

NASDAQ:PLTR traded up $1.44 during trading hours on Wednesday, hitting $132.12. The company's stock had a trading volume of 59,500,085 shares, compared to its average volume of 82,615,344. Palantir Technologies Inc. has a twelve month low of $21.23 and a twelve month high of $148.22. The stock has a fifty day simple moving average of $126.89 and a 200-day simple moving average of $100.44. The company has a market capitalization of $311.79 billion, a P/E ratio of 574.43, a PEG ratio of 11.64 and a beta of 2.60.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last announced its quarterly earnings results on Monday, May 5th. The company reported $0.13 EPS for the quarter, meeting analysts' consensus estimates of $0.13. The company had revenue of $883.86 million during the quarter, compared to analysts' expectations of $863.89 million. Palantir Technologies had a return on equity of 6.55% and a net margin of 18.32%. Palantir Technologies's revenue was up 39.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.08 EPS. On average, equities analysts predict that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Insider Activity

In related news, insider Shyam Sankar sold 405,000 shares of the business's stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $132.08, for a total value of $53,492,400.00. Following the sale, the insider owned 702,786 shares of the company's stock, valued at $92,823,974.88. The trade was a 36.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider David A. Glazer sold 3,418 shares of the stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $125.97, for a total transaction of $430,565.46. Following the sale, the insider directly owned 492,079 shares of the company's stock, valued at $61,987,191.63. This represents a 0.69% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,408,748 shares of company stock worth $180,327,603. Company insiders own 12.93% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on PLTR shares. Mizuho raised their target price on Palantir Technologies from $94.00 to $116.00 and gave the company an "underperform" rating in a research note on Wednesday, June 11th. William Blair set a $84.00 price target on shares of Palantir Technologies in a report on Wednesday, March 5th. Deutsche Bank Aktiengesellschaft restated a "sell" rating on shares of Palantir Technologies in a research report on Tuesday, May 6th. Cantor Fitzgerald increased their price objective on Palantir Technologies from $98.00 to $110.00 and gave the company a "neutral" rating in a research report on Tuesday, May 6th. Finally, DA Davidson boosted their price target on shares of Palantir Technologies from $100.00 to $115.00 and gave the stock a "neutral" rating in a research note on Tuesday, May 6th. Five research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, Palantir Technologies currently has an average rating of "Hold" and an average price target of $89.32.

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.