Jackson Hole Capital Partners LLC Invests $320,000 in Palantir Technologies Inc. (NASDAQ:PLTR)

Jackson Hole Capital Partners LLC acquired a new position in Palantir Technologies Inc. (NASDAQ:PLTR) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 3,795 shares of the company’s stock, valued at approximately $320,000.

Several other institutional investors have also recently modified their holdings of the company. Geode Capital Management LLC raised its stake in shares of Palantir Technologies by 8.6% in the fourth quarter. Geode Capital Management LLC now owns 52,074,232 shares of the company’s stock worth $3,929,401,000 after purchasing an additional 4,127,306 shares during the last quarter. Northern Trust Corp grew its holdings in Palantir Technologies by 20.4% during the fourth quarter. Northern Trust Corp now owns 19,488,465 shares of the company’s stock worth $1,473,913,000 after acquiring an additional 3,299,779 shares during the period. Norges Bank acquired a new stake in Palantir Technologies during the fourth quarter worth about $1,360,191,000. FMR LLC grew its holdings in Palantir Technologies by 22.6% during the fourth quarter. FMR LLC now owns 15,296,371 shares of the company’s stock worth $1,156,864,000 after acquiring an additional 2,818,090 shares during the period. Finally, Invesco Ltd. grew its holdings in Palantir Technologies by 31.2% during the fourth quarter. Invesco Ltd. now owns 14,748,240 shares of the company’s stock worth $1,115,409,000 after acquiring an additional 3,509,311 shares during the period. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Palantir Technologies news, Director Lauren Elaina Friedman Stat sold 800 shares of Palantir Technologies stock in a transaction on Wednesday, July 9th. The stock was sold at an average price of $139.61, for a total value of $111,688.00. Following the sale, the director owned 62,887 shares in the company, valued at $8,779,654.07. The trade was a 1.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Ryan D. Taylor sold 33,335 shares of Palantir Technologies stock in a transaction on Tuesday, July 15th. The shares were sold at an average price of $150.00, for a total value of $5,000,250.00. Following the completion of the sale, the insider owned 363,755 shares in the company, valued at $54,563,250. This represents a 8.39% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,485,632 shares of company stock valued at $191,222,623. 9.23% of the stock is currently owned by company insiders.

Palantir Technologies Trading Up 0.1%

NASDAQ PLTR traded up $0.16 on Thursday, reaching $154.79. 16,079,393 shares of the company were exchanged, compared to its average volume of 94,129,102. The business’s fifty day moving average price is $135.91 and its 200 day moving average price is $107.70. The stock has a market capitalization of $365.29 billion, a P/E ratio of 673.72, a price-to-earnings-growth ratio of 12.73 and a beta of 2.59. Palantir Technologies Inc. has a fifty-two week low of $21.23 and a fifty-two week high of $155.68.

Palantir Technologies (NASDAQ:PLTR) last released its quarterly earnings data on Monday, May 5th. The company reported $0.13 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.13. Palantir Technologies had a return on equity of 6.55% and a net margin of 18.32%. The company had revenue of $883.86 million for the quarter, compared to analyst estimates of $863.89 million. During the same quarter in the previous year, the company posted $0.08 earnings per share. The firm’s revenue for the quarter was up 39.4% compared to the same quarter last year. Equities research analysts forecast that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Mizuho raised Palantir Technologies from an “underperform” rating to a “neutral” rating and raised their target price for the stock from $116.00 to $135.00 in a report on Wednesday, July 16th. Morgan Stanley raised their target price on Palantir Technologies from $90.00 to $98.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 6th. Loop Capital set a $155.00 target price on Palantir Technologies and gave the stock a “buy” rating in a report on Thursday, June 12th. DA Davidson raised their price objective on Palantir Technologies from $100.00 to $115.00 and gave the company a “neutral” rating in a report on Tuesday, May 6th. Finally, Deutsche Bank Aktiengesellschaft restated a “sell” rating on shares of Palantir Technologies in a research report on Tuesday, May 6th. Four investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $91.37.

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.