Matauro LLC Takes $951,000 Position in Palantir Technologies Inc. (NASDAQ:PLTR)

Matauro LLC purchased a new stake in Palantir Technologies Inc. (NASDAQ:PLTR) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 11,267 shares of the company’s stock, valued at approximately $951,000.

A number of other institutional investors and hedge funds have also made changes to their positions in PLTR. Jackson Square Capital LLC purchased a new stake in shares of Palantir Technologies in the 1st quarter valued at approximately $364,000. HMV Wealth Advisors LLC boosted its holdings in shares of Palantir Technologies by 40.6% in the 1st quarter. HMV Wealth Advisors LLC now owns 4,118 shares of the company’s stock valued at $348,000 after buying an additional 1,190 shares in the last quarter. Steele Capital Management Inc. boosted its stake in Palantir Technologies by 40.4% during the 1st quarter. Steele Capital Management Inc. now owns 18,876 shares of the company’s stock worth $1,593,000 after purchasing an additional 5,427 shares during the period. CVA Family Office LLC boosted its stake in Palantir Technologies by 19.8% during the 1st quarter. CVA Family Office LLC now owns 3,158 shares of the company’s stock worth $267,000 after purchasing an additional 523 shares during the period. Finally, West Branch Capital LLC boosted its stake in Palantir Technologies by 28,571.4% during the 1st quarter. West Branch Capital LLC now owns 2,007 shares of the company’s stock worth $169,000 after purchasing an additional 2,000 shares during the period. 45.65% of the stock is owned by hedge funds and other institutional investors.

Palantir Technologies Trading Up 1.6%

Shares of NASDAQ PLTR opened at $137.40 on Friday. Palantir Technologies Inc. has a 12 month low of $21.23 and a 12 month high of $140.00. The stock has a 50 day moving average of $115.48 and a 200-day moving average of $94.61. The company has a market capitalization 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 released its quarterly earnings results on Monday, May 5th. The company reported $0.13 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.13. The business had revenue of $883.86 million during the quarter, compared to the consensus estimate of $863.89 million. Palantir Technologies had a return on equity of 6.85% and a net margin of 16.13%. The firm’s quarterly revenue was up 39.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.08 EPS. Analysts predict that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Insider Buying and Selling

In other Palantir Technologies news, insider Jeffrey Buckley sold 1,708 shares of the stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $126.39, for a total value of $215,874.12. Following the transaction, the insider now owns 34,468 shares in the company, valued at approximately $4,356,410.52. This represents a 4.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Lauren Elaina Friedman Stat sold 800 shares of the stock in a transaction that occurred on Thursday, April 3rd. The stock was sold at an average price of $81.25, for a total value of $65,000.00. Following the completion of the sale, the director now directly owns 61,339 shares of the company’s stock, valued at approximately $4,983,793.75. This trade represents a 1.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,816,925 shares of company stock worth $215,448,358 in the last ninety days. 9.23% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages recently commented on PLTR. The Goldman Sachs Group raised their price objective on shares of Palantir Technologies from $80.00 to $90.00 and gave the company a “neutral” rating in a research note on Tuesday, May 6th. Deutsche Bank Aktiengesellschaft reiterated a “sell” rating on shares of Palantir Technologies in a report on Tuesday, May 6th. Cantor Fitzgerald raised their target price on shares of Palantir Technologies from $98.00 to $110.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 6th. UBS Group raised their target price on shares of Palantir Technologies from $105.00 to $110.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 6th. Finally, Citigroup lifted 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. 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, Palantir Technologies has an average rating of “Hold” and a consensus price target of $86.30.

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.