Arlington Capital Management Inc. Buys Shares of 59,894 Palantir Technologies Inc. (NYSE:PLTR)

Arlington Capital Management Inc. purchased a new stake in Palantir Technologies Inc. (NYSE:PLTR - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 59,894 shares of the company's stock, valued at approximately $1,028,000.

Other hedge funds have also recently bought and sold shares of the company. Pacifica Partners Inc. purchased a new position in Palantir Technologies in the fourth quarter valued at approximately $27,000. Truvestments Capital LLC lifted its holdings in Palantir Technologies by 74.9% in the 3rd quarter. Truvestments Capital LLC now owns 1,635 shares of the company's stock worth $26,000 after buying an additional 700 shares in the last quarter. SJS Investment Consulting Inc. boosted its position in Palantir Technologies by 1,197.4% in the 4th quarter. SJS Investment Consulting Inc. now owns 2,011 shares of the company's stock valued at $35,000 after buying an additional 1,856 shares during the last quarter. GAMMA Investing LLC acquired a new stake in shares of Palantir Technologies during the fourth quarter valued at about $33,000. Finally, Provence Wealth Management Group purchased a new stake in shares of Palantir Technologies during the third quarter worth about $34,000. Hedge funds and other institutional investors own 45.65% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently commented on PLTR. William Blair reissued an "underperform" rating on shares of Palantir Technologies in a report on Tuesday. Bank of America raised their price target on shares of Palantir Technologies from $24.00 to $28.00 and gave the stock a "buy" rating in a research report on Wednesday, March 6th. Wedbush reaffirmed an "outperform" rating and issued a $35.00 price target on shares of Palantir Technologies in a report on Monday. Jefferies Financial Group raised shares of Palantir Technologies from an "underperform" rating to a "hold" rating and raised their price objective for the stock from $13.00 to $22.00 in a report on Tuesday, February 6th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of Palantir Technologies from $18.00 to $20.00 and gave the company a "sell" rating in a research note on Tuesday. Five equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $20.65.

Palantir Technologies Stock Down 1.9 %

PLTR stock traded down $0.42 during midday trading on Thursday, reaching $21.14. The company had a trading volume of 53,926,558 shares, compared to its average volume of 63,561,500. The firm has a market capitalization of $46.78 billion, a PE ratio of 237.47, a P/E/G ratio of 5.72 and a beta of 2.76. The stock has a 50 day moving average price of $23.28 and a 200 day moving average price of $20.36. Palantir Technologies Inc. has a fifty-two week low of $9.02 and a fifty-two week high of $27.50.

Palantir Technologies (NYSE:PLTR - Get Free Report) last released its quarterly earnings data on Monday, February 5th. The company reported $0.03 earnings per share (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 company had revenue of $608.35 million for the quarter, compared to analyst estimates of $603.48 million. Research analysts predict that Palantir Technologies Inc. will post 0.16 EPS for the current year.

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, Director Alexander D. Moore sold 20,000 shares of the firm's stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $22.02, for a total value of $440,400.00. Following the sale, the director now owns 1,595,519 shares in the company, valued at $35,133,328.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Alexandra W. Schiff sold 5,000 shares of the stock in a transaction on Monday, April 1st. The stock was sold at an average price of $22.74, for a total value of $113,700.00. Following the completion of the transaction, the director now owns 186,783 shares of the company's stock, valued at $4,247,445.42. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Alexander D. Moore sold 20,000 shares of Palantir Technologies stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $22.02, for a total transaction of $440,400.00. Following the sale, the director now owns 1,595,519 shares in the company, valued at $35,133,328.38. The disclosure for this sale can be found here. Over the last three months, insiders have sold 7,206,273 shares of company stock worth $178,543,602. 13.96% of the stock is owned by insiders.

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.