Palantir Technologies Inc. (NASDAQ:PLTR) Shares Acquired by Hohimer Wealth Management LLC

Hohimer Wealth Management LLC lifted its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 13.3% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 6,233 shares of the company’s stock after purchasing an additional 732 shares during the quarter. Hohimer Wealth Management LLC’s holdings in Palantir Technologies were worth $526,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in PLTR. Revolve Wealth Partners LLC acquired a new stake in Palantir Technologies in the 4th quarter valued at about $450,000. Proficio Capital Partners LLC acquired a new stake in Palantir Technologies in the 4th quarter valued at about $522,000. Skandinaviska Enskilda Banken AB publ acquired a new stake in Palantir Technologies in the 4th quarter valued at about $386,000. Natixis Advisors LLC grew its stake in Palantir Technologies by 266.6% in the 4th quarter. Natixis Advisors LLC now owns 200,683 shares of the company’s stock valued at $15,178,000 after acquiring an additional 145,941 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. grew its stake in Palantir Technologies by 17.4% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 26,829 shares of the company’s stock valued at $2,029,000 after acquiring an additional 3,973 shares during the last quarter. 45.65% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

PLTR has been the topic of a number of research reports. UBS Group reissued a “positive” rating on shares of Palantir Technologies in a research note on Wednesday, June 25th. Cantor Fitzgerald upped their target price on shares of Palantir Technologies from $98.00 to $110.00 and gave the company a “neutral” rating in a report on Tuesday, May 6th. Daiwa Capital Markets started coverage on shares of Palantir Technologies in a report on Tuesday, April 1st. They issued a “neutral” rating and a $90.00 target price on the stock. Deutsche Bank Aktiengesellschaft restated a “sell” rating on shares of Palantir Technologies in a report on Tuesday, May 6th. Finally, Mizuho upped their target price on shares of Palantir Technologies from $94.00 to $116.00 and gave the company an “underperform” rating in a report on Wednesday, June 11th. Five analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Palantir Technologies has an average rating of “Hold” and a consensus price target of $90.37.

Insider Activity

In related news, insider Ryan D. Taylor sold 33,335 shares of the stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $135.31, for a total transaction of $4,510,558.85. Following the completion of the sale, the insider owned 363,755 shares of the company’s stock, valued at approximately $49,219,689.05. This represents a 8.39% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Shyam Sankar sold 405,000 shares of the stock in a transaction that occurred on Tuesday, June 10th. The stock was sold at an average price of $132.08, for a total transaction of $53,492,400.00. Following the sale, the insider directly owned 702,786 shares of the company’s stock, valued at approximately $92,823,974.88. This trade represents a 36.56% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,452,297 shares of company stock worth $186,222,373. Insiders own 12.93% of the company’s stock.

Palantir Technologies Price Performance

Shares of PLTR stock opened at $149.15 on Tuesday. The firm has a market cap of $351.98 billion, a P/E ratio of 648.48, a PEG ratio of 12.13 and a beta of 2.59. Palantir Technologies Inc. has a 1-year low of $21.23 and a 1-year high of $149.58. The firm’s 50-day simple moving average is $131.31 and its 200-day simple moving average is $104.45.

Palantir Technologies (NASDAQ:PLTR) last announced its quarterly earnings data on Monday, May 5th. The company reported $0.13 earnings per share for the quarter, hitting the consensus estimate of $0.13. The business had revenue of $883.86 million for the quarter, compared to analyst estimates of $863.89 million. Palantir Technologies had a net margin of 18.32% and a return on equity of 6.55%. The company’s revenue was up 39.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.08 EPS. Analysts expect that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

About Palantir Technologies

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.