Palantir Technologies Inc. (NASDAQ:PLTR) Stock Position Increased by Fiduciary Planning LLC

Fiduciary Planning LLC grew its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 25.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 5,271 shares of the company’s stock after purchasing an additional 1,061 shares during the period. Fiduciary Planning LLC’s holdings in Palantir Technologies were worth $445,000 as of its most recent SEC filing.

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

Palantir Technologies Price Performance

Palantir Technologies stock opened at $127.72 on Friday. Palantir Technologies Inc. has a fifty-two week low of $21.23 and a fifty-two week high of $135.28. The firm’s 50 day simple moving average is $110.01 and its 200-day simple moving average is $92.16. The company has a market cap of $301.41 billion, a P/E ratio of 672.25, a price-to-earnings-growth ratio of 10.84 and a beta of 2.64.

Palantir Technologies (NASDAQ:PLTR) last posted its quarterly earnings data on Monday, May 5th. The company reported $0.13 EPS for the quarter, hitting analysts’ consensus estimates of $0.13. Palantir Technologies had a net margin of 16.13% and a return on equity of 6.85%. The firm had revenue of $883.86 million during the quarter, compared to analyst estimates of $863.89 million. During the same quarter last year, the business posted $0.08 EPS. The company’s revenue was up 39.4% on a year-over-year basis. On average, analysts expect that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Insider Activity

In other news, insider Alexander C. Karp sold 39,825 shares of the company’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 $5,016,755.25. Following the transaction, the insider now owns 6,432,258 shares in the company, valued at $810,271,540.26. This represents a 0.62% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Stephen Andrew Cohen sold 1,250,000 shares of the firm’s stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $85.30, for a total transaction of $106,625,000.00. Following the sale, the insider now owns 592 shares of the company’s stock, valued at approximately $50,497.60. This represents a 99.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 3,894,925 shares of company stock worth $369,820,528 over the last quarter. Corporate insiders own 9.23% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on PLTR shares. Mizuho increased their price objective on shares of Palantir Technologies from $80.00 to $94.00 and gave the company an “underperform” rating in a report on Tuesday, May 6th. Daiwa America raised Palantir Technologies to a “hold” rating in a research note on Tuesday, April 1st. Royal Bank of Canada reissued an “underperform” rating on shares of Palantir Technologies in a research note on Tuesday, May 6th. Daiwa Capital Markets started coverage on Palantir Technologies in a report on Tuesday, April 1st. They issued a “neutral” rating and a $90.00 price objective for the company. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “sell” rating on shares of Palantir Technologies in a report on Tuesday, May 6th. Five research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Palantir Technologies has an average rating of “Hold” and an average price target of $83.95.

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.