Palantir Technologies Inc. (NASDAQ:PLTR) Position Raised by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. raised its holdings in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 106.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 141,855 shares of the company's stock after purchasing an additional 73,039 shares during the period. Jefferies Financial Group Inc.'s holdings in Palantir Technologies were worth $10,728,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Roxbury Financial LLC purchased a new position in Palantir Technologies during the 4th quarter valued at about $27,000. First PREMIER Bank purchased a new position in Palantir Technologies during the fourth quarter valued at approximately $28,000. Wolff Wiese Magana LLC raised its position in shares of Palantir Technologies by 230.4% in the fourth quarter. Wolff Wiese Magana LLC now owns 380 shares of the company's stock worth $29,000 after buying an additional 265 shares in the last quarter. HighMark Wealth Management LLC grew its position in Palantir Technologies by 73.5% during the fourth quarter. HighMark Wealth Management LLC now owns 392 shares of the company's stock worth $30,000 after buying an additional 166 shares in the last quarter. Finally, Sierra Ocean LLC purchased a new position in Palantir Technologies during the fourth quarter worth about $31,000. Institutional investors own 45.65% of the company's stock.

Insiders Place Their Bets

In other Palantir Technologies news, insider Heather A. Planishek sold 18,537 shares of the firm's stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $102.32, for a total transaction of $1,896,705.84. Following the completion of the transaction, the insider now directly owns 493,469 shares of the company's stock, valued at $50,491,748.08. This trade represents a 3.62% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Stephen Andrew Cohen sold 1,250,000 shares of the company's stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $82.75, for a total value of $103,437,500.00. Following the sale, the insider now owns 592 shares in the company, valued at $48,988. The trade was a 99.95% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,964,290 shares of company stock worth $250,504,866 over the last ninety days. 9.23% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research analysts recently issued reports on PLTR shares. Daiwa America upgraded shares of Palantir Technologies to a "hold" rating in a research report on Tuesday, April 1st. Robert W. Baird increased their price objective on Palantir Technologies from $70.00 to $100.00 and gave the company a "neutral" rating in a research report on Tuesday, February 4th. Cantor Fitzgerald lifted their price target on shares of Palantir Technologies from $98.00 to $110.00 and gave the stock a "neutral" rating in a research note on Tuesday, May 6th. Deutsche Bank Aktiengesellschaft reiterated a "sell" rating on shares of Palantir Technologies in a research report on Tuesday, May 6th. Finally, The Goldman Sachs Group lifted their target price on shares of Palantir Technologies from $80.00 to $90.00 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 given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $83.95.

Palantir Technologies Price Performance

Palantir Technologies stock traded up $9.64 during trading hours on Tuesday, hitting $128.10. The stock had a trading volume of 146,505,497 shares, compared to its average volume of 76,453,454. The stock has a market capitalization of $300.44 billion, a price-to-earnings ratio of 674.25, a PEG ratio of 10.84 and a beta of 2.68. Palantir Technologies Inc. has a 1-year low of $20.63 and a 1-year high of $130.55. The stock's fifty day moving average is $94.80 and its two-hundred day moving average is $83.05.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last issued its quarterly earnings results on Monday, May 5th. The company reported $0.13 earnings per share for the quarter, meeting the consensus estimate 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 the consensus estimate of $863.89 million. During the same period in the previous year, the firm posted $0.08 EPS. Palantir Technologies's revenue was up 39.4% on a year-over-year basis. As a group, sell-side analysts anticipate that Palantir Technologies Inc. will post 0.31 EPS for the current year.

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.