JBR Co Financial Management Inc Acquires New Holdings in Palantir Technologies Inc. (NASDAQ:PLTR)

JBR Co Financial Management Inc bought a new stake in Palantir Technologies Inc. (NASDAQ:PLTR) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 5,487 shares of the company’s stock, valued at approximately $463,000.

Several other large investors also recently added to or reduced their stakes in the business. HighMark Wealth Management LLC raised its stake in shares of Palantir Technologies by 73.5% in 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 position in Palantir Technologies during the fourth quarter valued at approximately $31,000. Godsey & Gibb Inc. grew its holdings in Palantir Technologies by 740.0% during the first quarter. Godsey & Gibb Inc. now owns 420 shares of the company’s stock valued at $35,000 after purchasing an additional 370 shares during the last quarter. First Command Advisory Services Inc. bought a new position in shares of Palantir Technologies in the fourth quarter valued at approximately $34,000. Finally, Summit Securities Group LLC acquired a new stake in shares of Palantir Technologies in the fourth quarter worth $34,000. 45.65% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on PLTR shares. DA Davidson upped their price objective on shares of Palantir Technologies from $100.00 to $115.00 and gave the stock a “neutral” rating in a report on Tuesday, May 6th. Mizuho boosted their target price on shares of Palantir Technologies from $94.00 to $116.00 and gave the stock an “underperform” rating in a research report on Wednesday, June 11th. Cantor Fitzgerald upped their price target on shares of Palantir Technologies from $98.00 to $110.00 and gave the company a “neutral” rating in a report on Tuesday, May 6th. Citigroup raised their price target on Palantir Technologies from $110.00 to $115.00 and gave the company a “neutral” rating in a research report on Thursday, May 8th. Finally, Loop Capital set a $155.00 price objective on Palantir Technologies and gave the stock a “buy” rating in a research report on Thursday, June 12th. Five equities research 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 stock presently has an average rating of “Hold” and an average target price of $89.32.

Palantir Technologies Trading Down 2.3%

PLTR opened at $138.20 on Wednesday. The stock’s 50 day simple moving average is $117.68 and its 200-day simple moving average is $95.83. The stock has a market cap of $326.14 billion, a PE ratio of 600.87, a P/E/G ratio of 11.93 and a beta of 2.64. Palantir Technologies Inc. has a 1 year low of $21.23 and a 1 year high of $144.86.

Palantir Technologies (NASDAQ:PLTR) last announced 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. The firm had revenue of $883.86 million for the quarter, compared to analyst estimates of $863.89 million. Palantir Technologies had a net margin of 18.32% and a return on equity of 6.55%. The business’s revenue for the quarter was up 39.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.08 EPS. Equities analysts forecast that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

Insider Activity at Palantir Technologies

In related news, insider Shyam Sankar sold 405,000 shares of the firm’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 transaction of $53,492,400.00. Following the completion of the transaction, the insider now owns 702,786 shares in the company, valued at $92,823,974.88. This trade represents a 36.56% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Ryan D. Taylor sold 98,177 shares of the business’s stock in a transaction on Monday, March 31st. The shares were sold at an average price of $82.80, for a total value of $8,129,055.60. Following the completion of the sale, the insider now directly owns 403,171 shares in the company, valued at approximately $33,382,558.80. This represents a 19.58% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,506,925 shares of company stock valued at $188,456,658 over the last quarter. 12.93% of the stock is owned by company insiders.

About Palantir Technologies

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.