Howland Capital Management LLC Acquires 250 Shares of Palantir Technologies Inc. (NASDAQ:PLTR)

Howland Capital Management LLC increased its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 4.3% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,000 shares of the company’s stock after purchasing an additional 250 shares during the period. Howland Capital Management LLC’s holdings in Palantir Technologies were worth $506,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Mechanics Financial Corp purchased a new position in Palantir Technologies during the first quarter worth $25,000. Cornerstone Planning Group LLC boosted its stake in Palantir Technologies by 90.2% during the first quarter. Cornerstone Planning Group LLC now owns 390 shares of the company’s stock worth $33,000 after buying an additional 185 shares during the period. Richardson Capital Management LLC purchased a new position in Palantir Technologies during the first quarter worth $33,000. Atlantic Edge Private Wealth Management LLC boosted its stake in Palantir Technologies by 45.5% during the first quarter. Atlantic Edge Private Wealth Management LLC now owns 400 shares of the company’s stock worth $34,000 after buying an additional 125 shares during the period. Finally, CBIZ Investment Advisory Services LLC boosted its stake in Palantir Technologies by 118.5% during the first quarter. CBIZ Investment Advisory Services LLC now owns 413 shares of the company’s stock worth $35,000 after buying an additional 224 shares during the period. Institutional investors own 45.65% of the company’s stock.

Insiders Place Their Bets

In other news, insider Ryan D. Taylor sold 35,480 shares of the company’s stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $126.39, for a total transaction of $4,484,317.20. Following the transaction, the insider owned 367,691 shares in the company, valued at $46,472,465.49. This represents a 8.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Alexander C. Karp sold 358,982 shares of the company’s stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $126.39, for a total transaction of $45,371,734.98. Following the transaction, the insider owned 6,432,258 shares in the company, valued at approximately $812,973,088.62. This trade represents a 5.29% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,485,632 shares of company stock valued at $191,222,623 in the last three months. 9.23% of the stock is currently owned by insiders.

Palantir Technologies Stock Performance

Shares of Palantir Technologies stock opened at $154.27 on Friday. The company has a market capitalization of $364.06 billion, a PE ratio of 670.74, a P/E/G ratio of 13.50 and a beta of 2.60. The company has a 50-day simple moving average of $140.37 and a two-hundred day simple moving average of $111.96. Palantir Technologies Inc. has a one year low of $21.23 and a one year high of $160.89.

Palantir Technologies (NASDAQ:PLTR) last announced its earnings results on Monday, May 5th. The company reported $0.13 EPS for the quarter, hitting analysts’ consensus estimates of $0.13. The business had revenue of $883.86 million during the quarter, compared to the consensus estimate of $863.89 million. Palantir Technologies had a net margin of 18.32% and a return on equity of 6.55%. The firm’s revenue was up 39.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.08 earnings per share. On average, equities analysts predict that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

PLTR has been the subject of several recent analyst reports. DA Davidson lifted their price objective on shares of Palantir Technologies from $100.00 to $115.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 6th. UBS Group reissued a “positive” rating on shares of Palantir Technologies in a research note on Wednesday, June 25th. Mizuho raised shares of Palantir Technologies from an “underperform” rating to a “neutral” rating and boosted their target price for the company from $116.00 to $135.00 in a research note on Wednesday, July 16th. Wedbush set a $160.00 target price on shares of Palantir Technologies in a research note on Thursday, July 10th. Finally, The Goldman Sachs Group boosted their target price 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. Four equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $96.45.

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.