Lionshead Wealth Management LLC Buys New Shares in Palantir Technologies Inc. (NASDAQ:PLTR)

Lionshead Wealth Management LLC acquired a new position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 14,625 shares of the company's stock, valued at approximately $1,106,000.

Other hedge funds have also made changes to their positions in the company. Investment Management Corp of Ontario increased its stake in shares of Palantir Technologies by 53.8% during the fourth quarter. Investment Management Corp of Ontario now owns 103,426 shares of the company's stock valued at $7,822,000 after buying an additional 36,175 shares during the period. Investor s Fiduciary Advisor Network LLC acquired a new stake in Palantir Technologies in the fourth quarter worth about $374,000. Jacobs Levy Equity Management Inc. lifted its holdings in shares of Palantir Technologies by 120.2% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 16,583 shares of the company's stock worth $1,254,000 after purchasing an additional 9,052 shares during the period. Jefferies Financial Group Inc. lifted its holdings in shares of Palantir Technologies by 106.1% during the fourth quarter. Jefferies Financial Group Inc. now owns 141,855 shares of the company's stock worth $10,728,000 after purchasing an additional 73,039 shares during the period. Finally, Guardian Wealth Advisors LLC NC acquired a new stake in shares of Palantir Technologies during the fourth quarter worth about $384,000. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Palantir Technologies

In related news, Director Alexandra W. Schiff sold 6,776 shares of the firm's stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $86.63, for a total value of $587,004.88. Following the completion of the transaction, the director now directly owns 184,617 shares of the company's stock, valued at $15,993,370.71. This trade represents a 3.54% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Stephen Andrew Cohen sold 1,250,000 shares of the firm'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 completion of the transaction, the insider now directly owns 592 shares of the company's stock, valued at $48,988. The trade was a 99.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,964,290 shares of company stock worth $250,504,866. 12.93% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on PLTR. Jefferies Financial Group lifted their price target on Palantir Technologies from $28.00 to $60.00 and gave the company an "underperform" rating in a research report on Tuesday, February 4th. The Goldman Sachs Group lifted their price target on Palantir Technologies from $80.00 to $90.00 and gave the company a "neutral" rating in a research report on Tuesday, May 6th. Wedbush set a $140.00 target price on Palantir Technologies and gave the stock an "outperform" rating in a research note on Tuesday, May 6th. Bank of America upped their target price on Palantir Technologies from $90.00 to $125.00 and gave the stock a "buy" rating in a research note on Tuesday, February 4th. Finally, William Blair set a $84.00 target price on Palantir Technologies in a research note on Wednesday, March 5th. Five research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $83.95.

Palantir Technologies Stock Up 1.6%

Shares of Palantir Technologies stock traded up $2.08 during mid-day trading on Wednesday, hitting $130.18. The stock had a trading volume of 96,288,747 shares, compared to its average volume of 76,608,314. The firm has a 50-day moving average of $95.75 and a two-hundred day moving average of $83.36. The firm has a market cap of $305.32 billion, a P/E ratio of 685.19, a price-to-earnings-growth ratio of 10.84 and a beta of 2.68. Palantir Technologies Inc. has a 12-month low of $20.63 and a 12-month high of $133.36.

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

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.