Palantir Technologies Inc. (NASDAQ:PLTR) Shares Bought by Laird Norton Wetherby Wealth Management LLC

Laird Norton Wetherby Wealth Management LLC increased its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 12.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 17,896 shares of the company’s stock after purchasing an additional 2,007 shares during the quarter. Laird Norton Wetherby Wealth Management LLC’s holdings in Palantir Technologies were worth $1,353,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Roxbury Financial LLC acquired a new position in shares of Palantir Technologies during the fourth quarter valued at approximately $27,000. First PREMIER Bank acquired a new position in shares of Palantir Technologies during the fourth quarter valued at approximately $28,000. Wolff Wiese Magana LLC raised its holdings in shares of Palantir Technologies by 230.4% during the fourth quarter. Wolff Wiese Magana LLC now owns 380 shares of the company’s stock valued at $29,000 after acquiring an additional 265 shares during the last quarter. HighMark Wealth Management LLC raised its holdings in shares of Palantir Technologies by 73.5% during the fourth quarter. HighMark Wealth Management LLC now owns 392 shares of the company’s stock valued at $30,000 after acquiring an additional 166 shares during the last quarter. Finally, Sierra Ocean LLC acquired a new position in shares of Palantir Technologies during the fourth quarter valued at approximately $31,000. Institutional investors and hedge funds own 45.65% of the company’s stock.

Wall Street Analyst Weigh In

PLTR has been the subject of a number of research analyst reports. Daiwa America raised Palantir Technologies to a “hold” rating in a report on Tuesday, April 1st. Daiwa Capital Markets initiated coverage on Palantir Technologies in a report on Tuesday, April 1st. They set a “neutral” rating and a $90.00 target price for the company. DA Davidson upped their price target on Palantir Technologies from $100.00 to $115.00 and gave the company a “neutral” rating in a research report on Tuesday, May 6th. William Blair set a $84.00 price target on Palantir Technologies in a research report on Wednesday, March 5th. Finally, Jefferies Financial Group upped their price target on Palantir Technologies from $28.00 to $60.00 and gave the company an “underperform” rating in a research report on Tuesday, February 4th. Five research analysts have rated the stock with a sell rating, fifteen have given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $83.95.

Palantir Technologies Stock Performance

Shares of Palantir Technologies stock opened at $128.10 on Wednesday. The firm has a market capitalization of $300.44 billion, a price-to-earnings ratio of 674.25, a PEG ratio of 10.84 and a beta of 2.68. Palantir Technologies Inc. has a fifty-two week low of $20.63 and a fifty-two week high of $130.60. The stock has a 50 day moving average of $95.75 and a 200 day moving average of $83.36.

Palantir Technologies (NASDAQ:PLTR) last released its quarterly earnings results on Monday, May 5th. The company reported $0.13 EPS for the quarter, hitting analysts’ consensus estimates of $0.13. Palantir Technologies had a return on equity of 6.85% and a net margin of 16.13%. The company had revenue of $883.86 million for the quarter, compared to analysts’ expectations of $863.89 million. During the same period in the prior year, the firm earned $0.08 earnings per share. The firm’s revenue was up 39.4% compared to the same quarter last year. Analysts forecast that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Insiders Place Their Bets

In other Palantir Technologies news, insider Shyam Sankar sold 30,000 shares of the company’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $92.43, for a total transaction of $2,772,900.00. Following the transaction, the insider now directly owns 702,786 shares in the company, valued at $64,958,509.98. This represents a 4.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Heather A. Planishek acquired 10,000 shares of Palantir Technologies stock in a transaction dated Thursday, May 8th. The stock was bought at an average price of $116.14 per share, for a total transaction of $1,161,400.00. Following the completion of the purchase, the insider now owns 58,006 shares of the company’s stock, valued at approximately $6,736,816.84. This represents a 20.83% increase in their position. The disclosure for this purchase can be found here. Insiders have sold 2,964,290 shares of company stock worth $250,504,866 over the last ninety days. 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.