Mosley Wealth Management Purchases Shares of 5,423 Palantir Technologies Inc. $PLTR

Mosley Wealth Management purchased a new stake in Palantir Technologies Inc. (NASDAQ:PLTRFree Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 5,423 shares of the company’s stock, valued at approximately $995,000.

Other large investors have also recently bought and sold shares of the company. Bare Financial Services Inc grew its position in Palantir Technologies by 54.5% in the third quarter. Bare Financial Services Inc now owns 156 shares of the company’s stock valued at $28,000 after acquiring an additional 55 shares during the period. Basepoint Wealth LLC bought a new stake in Palantir Technologies in the fourth quarter valued at $29,000. Morton Brown Family Wealth LLC grew its position in Palantir Technologies by 250.0% in the fourth quarter. Morton Brown Family Wealth LLC now owns 175 shares of the company’s stock valued at $31,000 after acquiring an additional 125 shares during the period. United Financial Planning Group LLC bought a new stake in Palantir Technologies in the third quarter valued at $32,000. Finally, Clayton Financial Group LLC grew its position in Palantir Technologies by 500.0% in the fourth quarter. Clayton Financial Group LLC now owns 180 shares of the company’s stock valued at $32,000 after acquiring an additional 150 shares during the period. 45.65% of the stock is currently owned by institutional investors.

Palantir Technologies Stock Performance

Palantir Technologies stock opened at $131.08 on Friday. The firm has a market cap of $314.24 billion, a P/E ratio of 147.28, a P/E/G ratio of 2.07 and a beta of 1.53. The business’s fifty day moving average is $139.91 and its two-hundred day moving average is $153.94. Palantir Technologies Inc. has a 52 week low of $122.68 and a 52 week high of $207.52.

Palantir Technologies (NASDAQ:PLTRGet Free Report) last posted its quarterly earnings data on Monday, May 4th. The company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.05. The company had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.54 billion. Palantir Technologies had a return on equity of 28.34% and a net margin of 43.67%.The business’s revenue was up 84.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.13 earnings per share. On average, equities research analysts predict that Palantir Technologies Inc. will post 1.18 earnings per share for the current year.

Insider Buying and Selling at Palantir Technologies

In other news, insider Alexander C. Karp sold 397,744 shares of the company’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $136.04, for a total transaction of $54,109,093.76. Following the transaction, the insider owned 6,432,258 shares of the company’s stock, valued at $875,044,378.32. This represents a 5.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Stephen Andrew Cohen sold 319,934 shares of the company’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $136.04, for a total value of $43,523,821.36. Following the transaction, the insider directly owned 592 shares in the company, valued at $80,535.68. This trade represents a 99.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 925,789 shares of company stock valued at $126,007,032 over the last ninety days. Company insiders own 9.53% of the company’s stock.

Analyst Upgrades and Downgrades

PLTR has been the topic of a number of analyst reports. Freedom Capital upgraded Palantir Technologies from a “strong sell” rating to a “strong-buy” rating in a research report on Friday, February 13th. Mizuho lowered their price target on Palantir Technologies from $195.00 to $185.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 14th. DA Davidson lowered their price target on Palantir Technologies from $180.00 to $165.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 5th. Rosenblatt Securities reissued a “buy” rating and issued a $225.00 price objective on shares of Palantir Technologies in a research note on Friday, June 5th. Finally, DZ Bank started coverage on Palantir Technologies in a research note on Thursday, April 23rd. They issued a “buy” rating and a $175.00 price objective on the stock. Two research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $192.76.

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Palantir Technologies Company Profile

(Free Report)

Palantir Technologies is a software company that develops data integration, analytics and operational decision-making platforms for government and commercial customers. Founded in 2003 by a team that included Alex Karp and Peter Thiel, Palantir has grown into a provider of enterprise-scale software designed to help organizations integrate disparate data sources, build analytic models and drive operational workflows. The company went public in 2020 and continues to position its products around large, complex data projects where security, provenance and real-time collaboration are important.

Palantir’s product portfolio centers on a small number of core platforms.

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Institutional Ownership by Quarter for Palantir Technologies (NASDAQ:PLTR)

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