Vest Financial LLC Purchases 8,873 Shares of Palantir Technologies Inc. (NASDAQ:PLTR)

Vest Financial LLC grew its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 73.5% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 20,943 shares of the company’s stock after purchasing an additional 8,873 shares during the quarter. Vest Financial LLC’s holdings in Palantir Technologies were worth $1,768,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of PLTR. Tallon Kerry Patrick acquired a new stake in Palantir Technologies in the fourth quarter valued at approximately $289,000. Union Bancaire Privee UBP SA purchased a new position in Palantir Technologies in the fourth quarter worth $15,177,000. Revolve Wealth Partners LLC purchased a new position in Palantir Technologies in the fourth quarter worth $450,000. Mather Group LLC. lifted its position in shares of 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 buying an additional 448 shares during the last quarter. Finally, Telos Capital Management Inc. purchased a new position in shares of Palantir Technologies during the 4th quarter valued at $303,000. Institutional investors and hedge funds own 45.65% of the company’s stock.

Palantir Technologies Price Performance

PLTR stock opened at $127.72 on Friday. Palantir Technologies Inc. has a 1-year low of $21.23 and a 1-year high of $135.28. The stock has a market capitalization of $301.41 billion, a P/E ratio of 672.25, a P/E/G ratio of 10.84 and a beta of 2.64. The business has a fifty day moving average price of $110.01 and a 200-day moving average price of $92.37.

Palantir Technologies (NASDAQ:PLTR) last released its quarterly earnings results on Monday, May 5th. The company reported $0.13 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.13. Palantir Technologies had a return on equity of 6.85% and a net margin of 16.13%. The business had revenue of $883.86 million during the quarter, compared to analyst estimates of $863.89 million. During the same quarter in the previous year, the company posted $0.08 earnings per share. Palantir Technologies’s revenue for the quarter was up 39.4% on a year-over-year basis. As a group, analysts anticipate that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Analysts Set New Price Targets

PLTR has been the topic of a number of analyst reports. Daiwa America upgraded Palantir Technologies to a “hold” rating in a research note on Tuesday, April 1st. William Blair set a $84.00 target price on Palantir Technologies in a research note on Wednesday, March 5th. Mizuho increased their price objective on Palantir Technologies from $80.00 to $94.00 and gave the company an “underperform” rating in a research report on Tuesday, May 6th. UBS Group raised their price target on Palantir Technologies from $105.00 to $110.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 6th. Finally, Cantor Fitzgerald raised their price target on Palantir Technologies from $98.00 to $110.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 6th. Five investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $83.95.

Insider Buying and Selling

In related news, insider Stephen Andrew Cohen sold 34,357 shares of the stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $125.96, for a total value of $4,327,607.72. Following the transaction, the insider now owns 592 shares of the company’s stock, valued at $74,568.32. This represents a 98.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Alexander C. Karp sold 39,825 shares of the stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $125.97, for a total value of $5,016,755.25. Following the completion of the transaction, the insider now directly owns 6,432,258 shares in the company, valued at approximately $810,271,540.26. This trade represents a 0.62% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 3,894,925 shares of company stock worth $369,820,528. Corporate insiders own 9.23% of the company’s stock.

Palantir Technologies 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.