Disciplined Equity Management Inc. Buys Shares of 9,260 Palantir Technologies Inc. (NASDAQ:PLTR)

Disciplined Equity Management Inc. purchased a new position in Palantir Technologies Inc. (NASDAQ:PLTR) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 9,260 shares of the company’s stock, valued at approximately $782,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Roxbury Financial LLC acquired a new stake in Palantir Technologies in the 4th quarter worth approximately $27,000. HighMark Wealth Management LLC raised its position in shares of Palantir Technologies by 73.5% in the fourth quarter. HighMark Wealth Management LLC now owns 392 shares of the company’s stock valued at $30,000 after purchasing an additional 166 shares during the period. Sierra Ocean LLC acquired a new stake in shares of Palantir Technologies in the fourth quarter worth $31,000. Godsey & Gibb Inc. lifted its stake in shares of Palantir Technologies by 740.0% in the first quarter. Godsey & Gibb Inc. now owns 420 shares of the company’s stock worth $35,000 after buying an additional 370 shares during the last quarter. Finally, First Command Advisory Services Inc. bought a new stake in shares of Palantir Technologies during the 4th quarter worth $34,000. Institutional investors and hedge funds own 45.65% of the company’s stock.

Palantir Technologies Stock Performance

Shares of PLTR stock opened at $127.72 on Friday. The firm has a fifty day moving average of $110.01 and a 200-day moving average of $92.37. The stock has a market cap of $301.41 billion, a price-to-earnings ratio of 672.25, a P/E/G 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 $135.28.

Palantir Technologies (NASDAQ:PLTR) last posted its earnings results on Monday, May 5th. The company reported $0.13 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.13. The business had revenue of $883.86 million for the quarter, compared to analysts’ expectations of $863.89 million. Palantir Technologies had a net margin of 16.13% and a return on equity of 6.85%. The firm’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 earnings per share. On average, sell-side analysts predict that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Wall Street Analyst Weigh In

PLTR has been the topic of several recent analyst reports. Royal Bank of Canada reiterated an “underperform” rating on shares of Palantir Technologies in a report on Tuesday, May 6th. Deutsche Bank Aktiengesellschaft reaffirmed a “sell” rating on shares of Palantir Technologies in a research report on Tuesday, May 6th. Cantor Fitzgerald lifted their price objective on Palantir Technologies from $98.00 to $110.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 6th. Morgan Stanley increased their target price on Palantir Technologies from $90.00 to $98.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 6th. Finally, Wedbush set a $140.00 target price on 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 given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $83.95.

Insider Activity

In other news, insider Stephen Andrew Cohen sold 1,250,000 shares of the business’s stock in a transaction on Friday, March 14th. The shares were sold at an average price of $85.30, for a total value of $106,625,000.00. Following the sale, the insider now owns 592 shares in the company, valued at approximately $50,497.60. The trade was a 99.95% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Lauren Elaina Friedman Stat sold 800 shares of the stock in a transaction dated Thursday, April 3rd. The stock was sold at an average price of $81.25, for a total transaction of $65,000.00. Following the sale, the director now owns 61,339 shares of the company’s stock, valued at $4,983,793.75. This trade represents a 1.29% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 3,894,925 shares of company stock worth $369,820,528. 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.