Cookson Peirce & Co. Inc. Has $15.65 Million Holdings in Palantir Technologies Inc. (NYSE:PLTR)

Cookson Peirce & Co. Inc. increased its stake in Palantir Technologies Inc. (NYSE:PLTR - Free Report) by 636.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 911,715 shares of the company's stock after purchasing an additional 787,951 shares during the period. Cookson Peirce & Co. Inc.'s holdings in Palantir Technologies were worth $15,654,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. Truvestments Capital LLC increased its position in Palantir Technologies by 74.9% in the 3rd quarter. Truvestments Capital LLC now owns 1,635 shares of the company's stock valued at $26,000 after acquiring an additional 700 shares during the period. Pacifica Partners Inc. acquired a new position in shares of Palantir Technologies during the 4th quarter valued at $27,000. Resurgent Financial Advisors LLC acquired a new position in shares of Palantir Technologies during the 4th quarter valued at $28,000. Provence Wealth Management Group acquired a new position in shares of Palantir Technologies during the 3rd quarter valued at $34,000. Finally, Glass Jacobson Investment Advisors llc acquired a new position in shares of Palantir Technologies during the 3rd quarter valued at $35,000. Institutional investors own 45.65% of the company's stock.

Insider Transactions at Palantir Technologies

In related news, 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 sale, the insider now owns 181,460 shares of the company's stock, valued at $3,992,120. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, 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 sale, the insider now owns 181,460 shares of the company's stock, valued at $3,992,120. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Ryan D. Taylor sold 150,000 shares of Palantir Technologies stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $24.00, for a total value of $3,600,000.00. Following the sale, the insider now directly owns 181,460 shares of the company's stock, valued at approximately $4,355,040. The disclosure for this sale can be found here. Insiders sold a total of 7,456,273 shares of company stock valued at $184,343,202 over the last quarter. Company insiders own 13.96% of the company's stock.

Palantir Technologies Stock Down 0.1 %

Shares of Palantir Technologies stock traded down $0.03 during midday trading on Tuesday, hitting $21.87. The company's stock had a trading volume of 33,787,733 shares, compared to its average volume of 65,940,094. The firm has a market capitalization of $48.39 billion, a P/E ratio of 243.03, a PEG ratio of 5.56 and a beta of 2.78. The stock has a 50-day simple moving average of $23.96 and a 200-day simple moving average of $19.80. Palantir Technologies Inc. has a 1-year low of $7.28 and a 1-year high of $27.50.

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Royal Bank of Canada reiterated an "underperform" rating and set a $5.00 price target on shares of Palantir Technologies in a research report on Tuesday, February 6th. Raymond James lifted their price target on Palantir Technologies from $22.00 to $25.00 and gave the company an "outperform" rating in a research report on Tuesday, February 6th. Citigroup upgraded Palantir Technologies from a "sell" rating to a "neutral" rating and lifted their price target for the company from $10.00 to $20.00 in a research report on Tuesday, February 6th. Mizuho raised their price objective on Palantir Technologies from $18.00 to $21.00 and gave the stock a "neutral" rating in a research note on Thursday, March 7th. Finally, Bank of America raised their price objective on Palantir Technologies from $24.00 to $28.00 and gave the stock a "buy" rating in a research note on Wednesday, March 6th. Four analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Palantir Technologies has an average rating of "Hold" and an average target price of $18.35.

Palantir Technologies Profile

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.