Vista Investment Partners LLC Boosts Holdings in Palantir Technologies Inc. (NASDAQ:PLTR)

Vista Investment Partners LLC grew its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 17.4% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,037 shares of the company’s stock after buying an additional 1,338 shares during the period. Vista Investment Partners LLC’s holdings in Palantir Technologies were worth $763,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Tallon Kerry Patrick purchased a new position in shares of Palantir Technologies in the fourth quarter valued at approximately $289,000. Union Bancaire Privee UBP SA acquired a new stake in Palantir Technologies during the fourth quarter worth approximately $15,177,000. Revolve Wealth Partners LLC acquired a new stake in Palantir Technologies during the fourth quarter worth approximately $450,000. Allspring Global Investments Holdings LLC increased its holdings in shares of Palantir Technologies by 46.1% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 178,499 shares of the company’s stock valued at $13,421,000 after acquiring an additional 56,299 shares during the period. Finally, Roxbury Financial LLC acquired a new position in shares of Palantir Technologies in the 4th quarter valued at $27,000. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Shyam Sankar sold 405,000 shares of the firm’s stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of $132.08, for a total transaction of $53,492,400.00. Following the transaction, the insider now directly owns 702,786 shares in the company, valued at $92,823,974.88. This trade represents a 36.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Ryan D. Taylor sold 98,177 shares of the firm’s stock in a transaction on Monday, March 31st. The stock was sold at an average price of $82.80, for a total value of $8,129,055.60. Following the transaction, the insider now owns 403,171 shares in the company, valued at $33,382,558.80. This trade represents a 19.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 1,506,925 shares of company stock worth $188,456,658. 9.23% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

PLTR has been the topic of several recent research reports. The Goldman Sachs Group boosted their price objective on shares of Palantir Technologies from $80.00 to $90.00 and gave the company a “neutral” rating in a research note on Tuesday, May 6th. Deutsche Bank Aktiengesellschaft reiterated a “sell” rating on shares of Palantir Technologies in a research report on Tuesday, May 6th. Royal Bank of Canada reiterated an “underperform” rating on shares of Palantir Technologies in a research report on Tuesday, May 6th. Daiwa Capital Markets started coverage on shares of Palantir Technologies in a report on Tuesday, April 1st. They issued a “neutral” rating and a $90.00 target price on the stock. Finally, Wedbush set a $140.00 target price on shares of Palantir Technologies and gave the company an “outperform” rating in a report on Tuesday, May 6th. Five analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $86.30.

Palantir Technologies Trading Up 2.9%

Palantir Technologies stock opened at $141.41 on Tuesday. The stock has a market cap of $333.72 billion, a P/E ratio of 744.30, a price-to-earnings-growth ratio of 10.84 and a beta of 2.64. The stock has a 50 day moving average of $116.76 and a 200-day moving average of $95.53. Palantir Technologies Inc. has a 52 week low of $21.23 and a 52 week high of $144.86.

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