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

Chicago Capital LLC grew its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 68.7% in the 1st quarter, Holdings Channel reports. The institutional investor owned 244,883 shares of the company’s stock after buying an additional 99,728 shares during the quarter. Chicago Capital LLC’s holdings in Palantir Technologies were worth $20,668,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PLTR. Tallon Kerry Patrick acquired a new position in Palantir Technologies during the fourth quarter worth $289,000. Union Bancaire Privee UBP SA acquired a new position in shares of Palantir Technologies in the fourth quarter worth $15,177,000. Revolve Wealth Partners LLC acquired a new position in shares of Palantir Technologies in the fourth quarter worth $450,000. Allspring Global Investments Holdings LLC raised its holdings in shares of Palantir Technologies by 46.1% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 178,499 shares of the company’s stock worth $13,421,000 after acquiring an additional 56,299 shares during the last quarter. Finally, Roxbury Financial LLC acquired a new position in shares of Palantir Technologies in the fourth quarter worth $27,000. 45.65% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

PLTR has been the subject of a number of analyst reports. Daiwa Capital Markets initiated coverage on Palantir Technologies in a report on Tuesday, April 1st. They issued a “neutral” rating and a $90.00 price target for the company. Loop Capital set a $155.00 price target on Palantir Technologies and gave the stock a “buy” rating in a report on Thursday, June 12th. Mizuho boosted their price target on Palantir Technologies from $94.00 to $116.00 and gave the stock an “underperform” rating in a report on Wednesday, June 11th. William Blair set a $84.00 target price on Palantir Technologies in a research note on Wednesday, March 5th. Finally, Royal Bank of Canada reiterated an “underperform” rating on shares of Palantir Technologies in a research note on Tuesday, May 6th. Five equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $86.30.

Palantir Technologies Stock Performance

Palantir Technologies stock opened at $141.41 on Tuesday. The business’s 50-day simple moving average is $116.76 and its 200-day simple moving average is $95.53. The firm has a market capitalization of $333.72 billion, a PE ratio of 744.30, a PEG ratio of 10.84 and a beta of 2.64. Palantir Technologies Inc. has a 52 week low of $21.23 and a 52 week high of $144.86.

Palantir Technologies (NASDAQ:PLTR) last issued 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 firm had revenue of $883.86 million for the quarter, compared to analyst estimates of $863.89 million. During the same period in the previous year, the company posted $0.08 earnings per share. The company’s quarterly revenue was up 39.4% compared to the same quarter last year. Research analysts forecast that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Insider Activity

In other news, Director Lauren Elaina Friedman Stat sold 800 shares of the business’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 transaction, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Shyam Sankar sold 405,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 10th. The stock was sold at an average price of $132.08, for a total value of $53,492,400.00. Following the completion of the transaction, the insider now directly owns 702,786 shares in the company, valued at $92,823,974.88. The trade was a 36.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,506,925 shares of company stock worth $188,456,658. Company 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.