High Note Wealth LLC Buys New Stake in Palantir Technologies Inc. (NYSE:PLTR)

High Note Wealth LLC bought a new position in Palantir Technologies Inc. (NYSE:PLTR - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 48,402 shares of the company's stock, valued at approximately $831,000.

Several other hedge funds also recently bought and sold shares of the company. Qsemble Capital Management LP bought a new position in shares of Palantir Technologies in the 3rd quarter valued at about $1,178,000. Trexquant Investment LP bought a new stake in Palantir Technologies in the 3rd quarter valued at about $4,446,000. Van Cleef Asset Management Inc boosted its holdings in Palantir Technologies by 82.9% in the 2nd quarter. Van Cleef Asset Management Inc now owns 690,267 shares of the company's stock valued at $10,582,000 after purchasing an additional 312,767 shares during the period. Victory Capital Management Inc. boosted its holdings in Palantir Technologies by 3.9% in the 3rd quarter. Victory Capital Management Inc. now owns 684,953 shares of the company's stock valued at $10,959,000 after purchasing an additional 25,787 shares during the period. Finally, Korea Investment CORP boosted its holdings in Palantir Technologies by 148.4% in the 3rd quarter. Korea Investment CORP now owns 193,957 shares of the company's stock valued at $3,103,000 after purchasing an additional 115,876 shares during the period. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. HSBC cut shares of Palantir Technologies from a "buy" rating to a "hold" rating and set a $22.00 target price for the company. in a research report on Wednesday, February 14th. Monness Crespi & Hardt cut shares of Palantir Technologies from a "neutral" rating to a "sell" rating and set a $20.00 price objective for the company. in a research report on Thursday. Citigroup upgraded shares of Palantir Technologies from a "sell" rating to a "neutral" rating and upped their price objective for the stock from $10.00 to $20.00 in a research report on Tuesday, February 6th. Bank of America boosted their target price on shares of Palantir Technologies from $24.00 to $28.00 and gave the stock a "buy" rating in a report on Wednesday, March 6th. Finally, Jefferies Financial Group raised shares of Palantir Technologies from an "underperform" rating to a "hold" rating and boosted their target price for the stock from $13.00 to $22.00 in a report on Tuesday, February 6th. Four equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $18.35.

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, Director Alexandra W. Schiff sold 4,000 shares of Palantir Technologies stock in a transaction that occurred on Wednesday, January 3rd. The shares were sold at an average price of $16.11, for a total transaction of $64,440.00. Following the transaction, the director now directly owns 200,783 shares of the company's stock, valued at $3,234,614.13. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Alexandra W. Schiff sold 4,000 shares of Palantir Technologies stock in a transaction on Wednesday, January 3rd. The shares were sold at an average price of $16.11, for a total value of $64,440.00. Following the transaction, the director now directly owns 200,783 shares of the company's stock, valued at $3,234,614.13. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Ryan D. Taylor sold 120,000 shares of Palantir Technologies stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $22.00, for a total transaction of $2,640,000.00. Following the completion of the transaction, the insider now directly owns 181,460 shares in the company, valued at $3,992,120. The disclosure for this sale can be found here. Insiders sold a total of 7,455,273 shares of company stock worth $184,293,942 over the last three months. 13.96% of the stock is owned by insiders.

Palantir Technologies Stock Down 6.1 %

PLTR traded down $1.50 during trading on Thursday, hitting $23.01. 69,794,850 shares of the company's stock were exchanged, compared to its average volume of 71,836,836. The stock has a market cap of $50.91 billion, a P/E ratio of 255.70, a PEG ratio of 6.10 and a beta of 2.82. Palantir Technologies Inc. has a fifty-two week low of $7.28 and a fifty-two week high of $27.50. The business's 50 day moving average is $22.54 and its two-hundred day moving average is $19.06.

Palantir Technologies (NYSE:PLTR - Get Free Report) last released its quarterly earnings data on Monday, February 5th. The company reported $0.03 EPS for the quarter, missing analysts' consensus estimates of $0.04 by ($0.01). Palantir Technologies had a net margin of 9.43% and a return on equity of 6.17%. The firm had revenue of $608.35 million during the quarter, compared to the consensus estimate of $603.48 million. On average, sell-side analysts forecast that Palantir Technologies Inc. will post 0.16 earnings per share for the current year.

About Palantir Technologies

Palantir Technologies Inc builds and deploys software platforms for the intelligence community to assist in counterterrorism investigations and operations in the United States, the United Kingdom, and internationally. The company provides Palantir Gotham, a software platform which enables users to identify patterns hidden deep within datasets, ranging from signals intelligence sources to reports from confidential informants, as well as facilitates the handoff between analysts and operational users, helping operators plan and execute real-world responses to threats that have been identified within the platform.