Laird Norton Wetherby Wealth Management LLC Raises Stake in Palantir Technologies Inc. (NASDAQ:PLTR)

Laird Norton Wetherby Wealth Management LLC lifted its stake in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 12.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 17,896 shares of the company's stock after buying an additional 2,007 shares during the quarter. Laird Norton Wetherby Wealth Management LLC's holdings in Palantir Technologies were worth $1,353,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PLTR. Roxbury Financial LLC acquired a new stake in shares of Palantir Technologies during the 4th quarter valued at about $27,000. First PREMIER Bank purchased a new position in Palantir Technologies during the fourth quarter worth approximately $28,000. Wolff Wiese Magana LLC grew its holdings in Palantir Technologies by 230.4% in the fourth quarter. Wolff Wiese Magana LLC now owns 380 shares of the company's stock valued at $29,000 after purchasing an additional 265 shares during the period. HighMark Wealth Management LLC increased its position in shares of Palantir Technologies by 73.5% in the fourth quarter. HighMark Wealth Management LLC now owns 392 shares of the company's stock valued at $30,000 after buying an additional 166 shares in the last quarter. Finally, Sierra Ocean LLC purchased a new stake in shares of Palantir Technologies in the fourth quarter valued at approximately $31,000. 45.65% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Palantir Technologies

In related news, Director Lauren Elaina Friedman Stat sold 800 shares of Palantir Technologies stock in a transaction that occurred on Thursday, April 3rd. The shares were sold at an average price of $81.25, for a total value of $65,000.00. Following the completion of the transaction, the director now owns 61,339 shares in the company, valued at approximately $4,983,793.75. The trade was a 1.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Heather A. Planishek sold 18,537 shares of the company's stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $102.32, for a total value of $1,896,705.84. Following the sale, the insider now directly owns 493,469 shares in the company, valued at $50,491,748.08. This represents a 3.62% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,964,290 shares of company stock valued at $250,504,866 over the last quarter. 12.93% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on PLTR shares. Cantor Fitzgerald increased their target price on Palantir Technologies from $98.00 to $110.00 and gave the company a "neutral" rating in a research report on Tuesday, May 6th. Daiwa America raised Palantir Technologies to a "hold" rating in a research note on Tuesday, April 1st. Northland Securities increased their price objective on Palantir Technologies from $38.00 to $80.00 and gave the company a "market perform" rating in a research note on Tuesday, February 4th. DA Davidson lifted their target price on shares of Palantir Technologies from $100.00 to $115.00 and gave the stock a "neutral" rating in a research note on Tuesday, May 6th. Finally, William Blair set a $84.00 price objective on shares of Palantir Technologies in a report on Wednesday, March 5th. Five investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $83.95.

Palantir Technologies Trading Up 1.1%

PLTR traded up $1.40 on Friday, hitting $129.52. The company had a trading volume of 55,517,922 shares, compared to its average volume of 76,649,667. The company's fifty day moving average price is $97.69 and its 200 day moving average price is $84.26. Palantir Technologies Inc. has a 1 year low of $20.63 and a 1 year high of $133.49. The firm has a market cap 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 (NASDAQ:PLTR - Get Free Report) last released its quarterly 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. The business had revenue of $883.86 million for the quarter, compared to the consensus estimate of $863.89 million. Palantir Technologies had a net margin of 16.13% and a return on equity of 6.85%. The business's revenue was up 39.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.08 EPS. On average, analysts predict that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

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.