Safeguard Investment Advisory Group LLC Acquires Shares of 5,505 Palantir Technologies Inc. (NASDAQ:PLTR)

Safeguard Investment Advisory Group LLC bought a new position in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 5,505 shares of the company's stock, valued at approximately $416,000.

Other institutional investors also recently modified their holdings of the company. Mather Group LLC. raised its stake in Palantir Technologies by 101.4% during the 4th 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 period. Diversify Wealth Management LLC purchased a new position in Palantir Technologies during the 4th quarter valued at $876,000. Destiny Wealth Partners LLC purchased a new stake in shares of Palantir Technologies in the 4th quarter worth $3,233,000. Grange Capital LLC bought a new position in shares of Palantir Technologies in the 4th quarter worth $5,829,000. Finally, Lake Street Private Wealth LLC acquired a new position in Palantir Technologies during the 4th quarter valued at about $527,000. 45.65% of the stock is owned by hedge funds and other institutional investors.

Palantir Technologies Price Performance

NASDAQ:PLTR opened at $129.52 on Friday. The company has a 50 day moving average price of $98.72 and a 200-day moving average price of $84.84. 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 price-to-earnings ratio of 681.72, a price-to-earnings-growth ratio of 10.84 and a beta of 2.68.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last released its quarterly earnings data on Monday, May 5th. The company reported $0.13 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.13. The company had revenue of $883.86 million during 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%. Palantir Technologies's revenue for the quarter was up 39.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.08 earnings per share. On average, sell-side analysts anticipate that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

Analysts Set New Price Targets

PLTR has been the topic of a number of recent analyst reports. Bank of America increased their price target on Palantir Technologies from $90.00 to $125.00 and gave the stock a "buy" rating in a research report on Tuesday, February 4th. The Goldman Sachs Group lifted their price target on Palantir Technologies from $80.00 to $90.00 and gave the stock a "neutral" rating in a report on Tuesday, May 6th. DA Davidson boosted their target price on Palantir Technologies from $100.00 to $115.00 and gave the company a "neutral" rating in a report on Tuesday, May 6th. Robert W. Baird boosted their target price on Palantir Technologies from $70.00 to $100.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 4th. Finally, Citigroup upped their price target on Palantir Technologies from $110.00 to $115.00 and gave the stock a "neutral" rating in a report on Thursday, May 8th. Five research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $83.95.

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, Director Lauren Elaina Friedman Stat sold 800 shares of the firm's stock in a transaction that occurred on Thursday, April 3rd. The stock was sold at an average price of $81.25, for a total value of $65,000.00. Following the sale, the director now owns 61,339 shares of the company's stock, valued at $4,983,793.75. This trade represents a 1.29% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Stephen Andrew Cohen sold 1,250,000 shares of Palantir Technologies stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $82.75, for a total value of $103,437,500.00. Following the completion of the transaction, the insider now owns 592 shares of the company's stock, valued at approximately $48,988. The trade was a 99.95% 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 in the last three months. Corporate 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.

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