19,314 Shares in Palantir Technologies Inc. $PLTR Bought by Gunpowder Capital Management LLC dba Oliver Wealth Management

Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new position in shares of Palantir Technologies Inc. (NASDAQ:PLTRFree Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 19,314 shares of the company’s stock, valued at approximately $3,433,000. Palantir Technologies makes up 2.7% of Gunpowder Capital Management LLC dba Oliver Wealth Management’s holdings, making the stock its 11th biggest position.

Other institutional investors have also added to or reduced their stakes in the company. Worthington Financial Partners LLC purchased a new stake in shares of Palantir Technologies in the 4th quarter valued at about $1,354,000. Rehmann Capital Advisory Group boosted its position in shares of Palantir Technologies by 2.4% during the 4th quarter. Rehmann Capital Advisory Group now owns 12,607 shares of the company’s stock valued at $2,241,000 after acquiring an additional 291 shares during the last quarter. SHP Wealth Management purchased a new position in shares of Palantir Technologies during the fourth quarter worth about $1,332,000. BSN CAPITAL PARTNERS Ltd purchased a new position in shares of Palantir Technologies during the fourth quarter worth about $37,350,000. Finally, Stenger Family Office LLC bought a new position in shares of Palantir Technologies in the fourth quarter worth approximately $1,341,000. 45.65% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on PLTR shares. Weiss Ratings downgraded shares of Palantir Technologies from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, April 27th. BNP Paribas Exane started coverage on shares of Palantir Technologies in a research note on Tuesday. They issued an “underperform” rating for the company. Benchmark lowered shares of Palantir Technologies to a “hold” rating in a report on Tuesday. Rosenblatt Securities restated a “buy” rating and set a $225.00 price objective on shares of Palantir Technologies in a research report on Friday, June 5th. Finally, UBS Group raised shares of Palantir Technologies from a “buy” rating to a “buy” rating in a report on Tuesday. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, twelve have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, Palantir Technologies presently has a consensus rating of “Moderate Buy” and an average target price of $192.76.

Check Out Our Latest Analysis on PLTR

Trending Headlines about Palantir Technologies

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Palantir Technologies Price Performance

NASDAQ:PLTR opened at $128.47 on Friday. The business has a 50 day moving average of $137.94 and a 200 day moving average of $152.57. The company has a market capitalization of $307.98 billion, a price-to-earnings ratio of 144.35, a PEG ratio of 2.04 and a beta of 1.53. Palantir Technologies Inc. has a 1-year low of $122.68 and a 1-year high of $207.52.

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

Insider Transactions at Palantir Technologies

In related news, Director Lauren Elaina Friedman Stat sold 1,598 shares of Palantir Technologies stock in a transaction on Monday, June 1st. The shares were sold at an average price of $160.00, for a total value of $255,680.00. Following the transaction, the director owned 55,022 shares in the company, valued at $8,803,520. This trade represents a 2.82% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Shyam Sankar sold 165,514 shares of the business’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 $22,516,524.56. Following the completion of the sale, the insider directly owned 642,786 shares of the company’s stock, valued at $87,444,607.44. This represents a 20.48% decrease in their ownership of the stock. 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. In the last quarter, insiders sold 927,270 shares of company stock worth $126,197,785. Corporate insiders own 9.53% of the company’s stock.

About Palantir Technologies

(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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