Annex Advisory Services LLC Buys 489 Shares of Palantir Technologies Inc. (NASDAQ:PLTR)

Annex Advisory Services LLC lifted its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 4.2% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 12,180 shares of the company’s stock after acquiring an additional 489 shares during the quarter. Annex Advisory Services LLC’s holdings in Palantir Technologies were worth $1,028,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Roxbury Financial LLC bought a new stake in Palantir Technologies during the 4th quarter valued at approximately $27,000. HighMark Wealth Management LLC boosted its stake in Palantir Technologies by 73.5% during the 4th quarter. HighMark Wealth Management LLC now owns 392 shares of the company’s stock valued at $30,000 after purchasing an additional 166 shares during the period. Sierra Ocean LLC bought a new stake in Palantir Technologies during the 4th quarter valued at approximately $31,000. First Command Advisory Services Inc. bought a new stake in Palantir Technologies during the 4th quarter valued at approximately $34,000. Finally, Summit Securities Group LLC bought a new stake in Palantir Technologies during the 4th quarter valued at approximately $34,000. Institutional investors own 45.65% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Cantor Fitzgerald increased their target price on Palantir Technologies from $98.00 to $110.00 and gave the company a “neutral” rating in a research note on Tuesday, May 6th. The Goldman Sachs Group raised their price objective on Palantir Technologies from $80.00 to $90.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 6th. Mizuho raised their price objective on Palantir Technologies from $80.00 to $94.00 and gave the stock an “underperform” rating in a research report on Tuesday, May 6th. Wedbush set a $140.00 price objective on Palantir Technologies and gave the stock an “outperform” rating in a research report on Tuesday, May 6th. Finally, Citigroup raised their price objective on Palantir Technologies from $110.00 to $115.00 and gave the stock a “neutral” rating in a research report on Thursday, May 8th. Five 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. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $83.95.

Palantir Technologies Price Performance

PLTR stock opened at $119.91 on Friday. The business has a fifty day moving average price of $109.15 and a 200 day moving average price of $91.71. Palantir Technologies Inc. has a fifty-two week low of $21.23 and a fifty-two week high of $135.28. The stock has a market capitalization of $282.98 billion, a price-to-earnings ratio of 631.14, a P/E/G ratio of 10.84 and a beta of 2.64.

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

Insider Activity at Palantir Technologies

In other Palantir Technologies news, insider Stephen Andrew Cohen sold 1,250,000 shares of the stock in a transaction on Friday, March 14th. The stock was sold at an average price of $85.30, for a total value of $106,625,000.00. Following the transaction, the insider now directly owns 592 shares in the company, valued at approximately $50,497.60. This trade represents a 99.95% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Ryan D. Taylor sold 98,177 shares of the stock in a transaction on Monday, March 31st. The shares were sold at an average price of $82.80, for a total value of $8,129,055.60. Following the completion of the transaction, the insider now owns 403,171 shares in the company, valued at $33,382,558.80. The trade was a 19.58% 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 valued at $369,820,528 in the last three months. Corporate insiders own 9.23% of the company’s stock.

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.