Palantir Technologies Inc. (NASDAQ:PLTR) Shares Bought by GPS Wealth Strategies Group LLC

GPS Wealth Strategies Group LLC grew its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 52.8% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 42,670 shares of the company’s stock after acquiring an additional 14,742 shares during the quarter. GPS Wealth Strategies Group LLC’s holdings in Palantir Technologies were worth $3,601,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of PLTR. Norges Bank purchased a new stake in shares of Palantir Technologies in the 4th quarter valued at $1,360,191,000. Geode Capital Management LLC increased its stake in Palantir Technologies by 8.6% during the fourth quarter. Geode Capital Management LLC now owns 52,074,232 shares of the company’s stock worth $3,929,401,000 after purchasing an additional 4,127,306 shares during the period. Wellington Management Group LLP boosted its stake in shares of Palantir Technologies by 504.0% in the fourth quarter. Wellington Management Group LLP now owns 4,682,230 shares of the company’s stock valued at $354,117,000 after purchasing an additional 3,907,022 shares during the period. Invesco Ltd. grew its holdings in shares of Palantir Technologies by 31.2% in the fourth quarter. Invesco Ltd. now owns 14,748,240 shares of the company’s stock valued at $1,115,409,000 after purchasing an additional 3,509,311 shares in the last quarter. Finally, Capital World Investors purchased a new stake in Palantir Technologies during the 4th quarter worth approximately $253,816,000. Institutional investors and hedge funds own 45.65% of the company’s stock.

Analyst Ratings Changes

PLTR has been the topic of a number of recent analyst reports. Mizuho increased their price objective on shares of Palantir Technologies from $94.00 to $116.00 and gave the company an “underperform” rating in a research report on Wednesday. DA Davidson raised their target price on Palantir Technologies from $100.00 to $115.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 6th. Morgan Stanley boosted their price objective on shares of Palantir Technologies from $90.00 to $98.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 6th. The Goldman Sachs Group lifted their price target on Palantir Technologies from $80.00 to $90.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 6th. Finally, William Blair set a $84.00 price objective on shares of Palantir Technologies in a research note on Wednesday, March 5th. Five equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Palantir Technologies presently has an average rating of “Hold” and a consensus target price of $85.05.

Palantir Technologies Stock Performance

Palantir Technologies stock opened at $136.28 on Thursday. The company has a market cap of $321.61 billion, a price-to-earnings ratio of 717.31, a PEG ratio of 10.84 and a beta of 2.64. The firm has a 50 day moving average price of $113.13 and a 200 day moving average price of $93.63. Palantir Technologies Inc. has a 1 year low of $21.23 and a 1 year high of $140.00.

Palantir Technologies (NASDAQ:PLTR) last issued 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 firm had revenue of $883.86 million for 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 firm’s revenue for the quarter was up 39.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.08 earnings per share. Sell-side analysts predict that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Insider Buying and Selling

In related news, Director Eric H. Woersching sold 17,000 shares of Palantir Technologies stock in a transaction on Monday, June 9th. The shares were sold at an average price of $129.29, for a total transaction of $2,197,930.00. Following the transaction, the director now owns 12,562 shares in the company, valued at approximately $1,624,140.98. The trade was a 57.51% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Ryan D. Taylor sold 3,936 shares of the business’s stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $125.97, for a total value of $495,817.92. Following the transaction, the insider now owns 363,755 shares in the company, valued at approximately $45,822,217.35. This represents a 1.07% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,661,925 shares of company stock valued at $268,580,958. 9.23% of the stock is currently owned by corporate insiders.

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.