3,995 Shares in Palantir Technologies Inc. (NASDAQ:PLTR) Purchased by Napa Wealth Management

Napa Wealth Management purchased a new position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 3,995 shares of the company's stock, valued at approximately $302,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Mather Group LLC. increased its holdings in shares of Palantir Technologies by 101.4% in the fourth quarter. Mather Group LLC. now owns 890 shares of the company's stock valued at $67,000 after purchasing an additional 448 shares during the last quarter. Diversify Wealth Management LLC acquired a new position in shares of Palantir Technologies during the 4th quarter valued at about $876,000. Destiny Wealth Partners LLC purchased a new stake in shares of Palantir Technologies in the fourth quarter valued at about $3,233,000. Grange Capital LLC acquired a new stake in Palantir Technologies during the fourth quarter worth about $5,829,000. Finally, Franklin Resources Inc. raised its stake in Palantir Technologies by 102.3% during the third quarter. Franklin Resources Inc. now owns 171,653 shares of the company's stock worth $6,385,000 after purchasing an additional 86,793 shares during the period. 45.65% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

PLTR has been the subject of a number of recent analyst reports. Daiwa America upgraded shares of Palantir Technologies to a "hold" rating in a report on Tuesday, April 1st. Loop Capital raised their target price on Palantir Technologies from $125.00 to $130.00 and gave the stock a "buy" rating in a research note on Tuesday, May 6th. Robert W. Baird upped their price target on Palantir Technologies from $70.00 to $100.00 and gave the company a "neutral" rating in a research note on Tuesday, February 4th. UBS Group increased their price target on Palantir Technologies from $105.00 to $110.00 and gave the stock a "neutral" rating in a report on Tuesday, May 6th. Finally, Wedbush set a $140.00 price objective on shares of Palantir Technologies and gave the company an "outperform" rating in a report on Tuesday, May 6th. Five equities 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 has an average rating of "Hold" and a consensus price target of $83.95.

Palantir Technologies Stock Up 1.1%

PLTR stock traded up $1.40 during midday trading on Friday, hitting $129.52. The company's stock had a trading volume of 55,517,922 shares, compared to its average volume of 76,649,667. The firm has a 50-day simple moving average of $97.69 and a 200-day simple moving average of $84.26. The firm has a market capitalization of $303.77 billion, a P/E ratio of 681.72, a PEG ratio of 10.84 and a beta of 2.68. Palantir Technologies Inc. has a 52-week low of $20.63 and a 52-week high of $133.49.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last released its earnings results on Monday, May 5th. The company reported $0.13 earnings per share (EPS) 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 firm had revenue of $883.86 million during the quarter, compared to analyst estimates of $863.89 million. During the same period last year, the business posted $0.08 earnings per share. Palantir Technologies's revenue was up 39.4% compared to the same quarter last year. On average, sell-side analysts expect that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

Insider Transactions at Palantir Technologies

In other Palantir Technologies news, Director Alexandra W. Schiff sold 6,776 shares of the business'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 sale, the director now owns 184,617 shares in the company, valued at approximately $15,993,370.71. The trade was a 3.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through 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 stock was sold at an average price of $82.75, for a total transaction of $103,437,500.00. Following the transaction, the insider now owns 592 shares in the company, valued at approximately $48,988. This trade represents a 99.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 2,964,290 shares of company stock valued at $250,504,866. Insiders own 12.93% of the company's stock.

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.