Palantir Technologies Inc. (NASDAQ:PLTR) Shares Acquired by Yousif Capital Management LLC

Yousif Capital Management LLC grew its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 3.2% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 243,516 shares of the company’s stock after buying an additional 7,527 shares during the period. Yousif Capital Management LLC’s holdings in Palantir Technologies were worth $20,553,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Roxbury Financial LLC purchased a new position in Palantir Technologies in the fourth quarter valued at about $27,000. HighMark Wealth Management LLC raised its stake in Palantir Technologies by 73.5% during the 4th quarter. HighMark Wealth Management LLC now owns 392 shares of the company’s stock valued at $30,000 after acquiring an additional 166 shares in the last quarter. Sierra Ocean LLC acquired a new stake in Palantir Technologies in the fourth quarter worth about $31,000. Godsey & Gibb Inc. raised its stake in shares of Palantir Technologies by 740.0% in the 1st quarter. Godsey & Gibb Inc. now owns 420 shares of the company’s stock worth $35,000 after buying an additional 370 shares in the last quarter. Finally, First Command Advisory Services Inc. bought a new stake in Palantir Technologies during the fourth quarter worth approximately $34,000. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Lauren Elaina Friedman Stat sold 800 shares of the business’s stock in a transaction on Thursday, April 3rd. The shares were sold at an average price of $81.25, for a total transaction of $65,000.00. Following the sale, the director now directly owns 61,339 shares of the company’s stock, valued at $4,983,793.75. The trade was a 1.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Alexander C. Karp sold 39,825 shares of the stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $125.97, for a total transaction of $5,016,755.25. Following the completion of the sale, the insider now owns 6,432,258 shares in the company, valued at $810,271,540.26. The trade was a 0.62% decrease in their position. The disclosure for this sale can be found here. Insiders sold 3,894,925 shares of company stock valued at $369,820,528 in the last three months. Corporate insiders own 9.23% of the company’s stock.

Palantir Technologies Price Performance

NASDAQ PLTR opened at $132.06 on Tuesday. Palantir Technologies Inc. has a 1 year low of $21.23 and a 1 year high of $135.28. The business’s 50-day moving average is $110.90 and its 200 day moving average is $93.06. The stock has a market capitalization of $311.65 billion, a PE ratio of 695.09, a PEG ratio of 10.84 and a beta of 2.64.

Palantir Technologies (NASDAQ:PLTR) last released its quarterly earnings data on Monday, May 5th. The company reported $0.13 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 company had revenue of $883.86 million for the quarter, compared to analysts’ expectations of $863.89 million. During the same period last year, the firm posted $0.08 earnings per share. Palantir Technologies’s revenue was up 39.4% compared to the same quarter last year. As a group, equities research 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 several recent analyst reports. Daiwa Capital Markets initiated coverage on shares of Palantir Technologies in a research note on Tuesday, April 1st. They set a “neutral” rating and a $90.00 target price on the stock. DA Davidson raised their price target on shares of Palantir Technologies from $100.00 to $115.00 and gave the company a “neutral” rating in a report on Tuesday, May 6th. The Goldman Sachs Group upped their target price on Palantir Technologies from $80.00 to $90.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 6th. Morgan Stanley increased their price target on shares of Palantir Technologies from $90.00 to $98.00 and gave the company an “equal weight” rating in a report on Tuesday, May 6th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “sell” rating on shares of Palantir Technologies in a research report on Tuesday, May 6th. Five research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Palantir Technologies presently has a consensus rating of “Hold” and a consensus price target of $83.95.

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.