West Branch Capital LLC Has $169,000 Position in Palantir Technologies Inc. (NASDAQ:PLTR)

West Branch Capital LLC grew its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 28,571.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,007 shares of the company’s stock after acquiring an additional 2,000 shares during the period. West Branch Capital LLC’s holdings in Palantir Technologies were worth $169,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Tallon Kerry Patrick acquired a new stake in shares of Palantir Technologies in the 4th quarter valued at about $289,000. Union Bancaire Privee UBP SA acquired a new stake in shares of Palantir Technologies in the 4th quarter valued at about $15,177,000. Revolve Wealth Partners LLC acquired a new stake in shares of Palantir Technologies in the 4th quarter valued at about $450,000. Savant Capital LLC grew its stake in shares of Palantir Technologies by 87.0% in the 4th quarter. Savant Capital LLC now owns 19,722 shares of the company’s stock valued at $1,492,000 after buying an additional 9,173 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its stake in shares of Palantir Technologies by 46.1% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 178,499 shares of the company’s stock valued at $13,421,000 after buying an additional 56,299 shares during the period. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Palantir Technologies Stock Up 1.6%

Palantir Technologies stock opened at $137.40 on Friday. Palantir Technologies Inc. has a 52 week low of $21.23 and a 52 week high of $140.00. The company’s 50 day moving average price is $115.48 and its two-hundred day moving average price is $94.61. The stock has a market cap of $324.25 billion, a P/E ratio of 723.20, a P/E/G ratio of 10.84 and a beta of 2.64.

Palantir Technologies (NASDAQ:PLTR) last posted its earnings results on Monday, May 5th. The company reported $0.13 EPS for the quarter, hitting the consensus estimate 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 for the quarter, compared to analysts’ expectations of $863.89 million. During the same quarter last year, the firm earned $0.08 EPS. The company’s quarterly revenue was up 39.4% compared to the same quarter last year. On average, equities analysts anticipate that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. DA Davidson raised their target price on Palantir Technologies from $100.00 to $115.00 and gave the company a “neutral” rating in a research note on Tuesday, May 6th. William Blair set a $84.00 target price on Palantir Technologies in a research note on Wednesday, March 5th. Citigroup raised their price target on shares of Palantir Technologies from $110.00 to $115.00 and gave the company a “neutral” rating in a research report on Thursday, May 8th. Deutsche Bank Aktiengesellschaft reaffirmed a “sell” rating on shares of Palantir Technologies in a research report on Tuesday, May 6th. Finally, Royal Bank of Canada reaffirmed an “underperform” rating on shares of Palantir Technologies in a research report on Tuesday, May 6th. 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. Based on data from MarketBeat.com, Palantir Technologies currently has a consensus rating of “Hold” and a consensus target price of $86.30.

Insider Buying and Selling

In related news, insider Shyam Sankar sold 405,000 shares of Palantir Technologies stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $132.08, for a total value of $53,492,400.00. Following the sale, the insider now owns 702,786 shares of the company’s stock, valued at approximately $92,823,974.88. The trade was a 36.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Stephen Andrew Cohen sold 310,000 shares of Palantir Technologies stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $87.07, for a total transaction of $26,991,700.00. Following the completion of the sale, the insider now directly owns 592 shares in the company, valued at $51,545.44. This trade represents a 99.81% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,816,925 shares of company stock valued at $215,448,358. 9.23% 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.