Josh Arnold Investment Consultant LLC Takes $1.84 Million Position in Palantir Technologies Inc. (NASDAQ:PLTR)

Josh Arnold Investment Consultant LLC acquired a new stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) during the 4th quarter, HoldingsChannel reports. The institutional investor acquired 24,350 shares of the company’s stock, valued at approximately $1,842,000. Palantir Technologies makes up 1.6% of Josh Arnold Investment Consultant LLC’s portfolio, making the stock its 4th biggest holding.

A number of other large investors have also made changes to their positions in the business. Roxbury Financial LLC acquired a new stake in Palantir Technologies in the 4th quarter valued at about $27,000. First PREMIER Bank acquired a new stake in Palantir Technologies in the 4th quarter valued at approximately $28,000. HighMark Wealth Management LLC boosted its position in Palantir Technologies by 73.5% in the 4th quarter. HighMark Wealth Management LLC now owns 392 shares of the company’s stock valued at $30,000 after buying an additional 166 shares during the period. Sierra Ocean LLC purchased a new position in Palantir Technologies in the 4th quarter valued at approximately $31,000. Finally, R Squared Ltd acquired a new position in shares of Palantir Technologies during the fourth quarter worth $33,000. 45.65% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Palantir Technologies

In other Palantir Technologies news, insider Ryan D. Taylor sold 3,936 shares of the business’s stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $125.97, for a total value of $495,817.92. Following the completion of the sale, the insider now owns 363,755 shares of the company’s stock, valued at $45,822,217.35. The trade was a 1.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Stephen Andrew Cohen sold 1,250,000 shares of the business’s stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $82.75, for a total value of $103,437,500.00. Following the transaction, the insider now directly owns 592 shares of the company’s stock, valued at $48,988. This represents a 99.95% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 3,931,701 shares of company stock valued at $373,180,433. Insiders own 9.23% of the company’s stock.

Palantir Technologies Stock Up 1.4%

Shares of Palantir Technologies stock opened at $122.29 on Friday. The stock has a market cap of $286.81 billion, a PE ratio of 643.67, a price-to-earnings-growth ratio of 10.84 and a beta of 2.68. The business has a fifty day simple moving average of $101.88 and a 200-day simple moving average of $87.09. Palantir Technologies Inc. has a 12 month low of $20.63 and a 12 month high of $133.49.

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

Wall Street Analyst Weigh In

A number of brokerages have recently commented on PLTR. Daiwa America raised shares of Palantir Technologies to a “hold” rating in a report on Tuesday, April 1st. Northland Securities upped their target price on shares of Palantir Technologies from $38.00 to $80.00 and gave the stock a “market perform” rating in a research report on Tuesday, February 4th. Deutsche Bank Aktiengesellschaft reiterated a “sell” rating on shares of Palantir Technologies in a research report on Tuesday, May 6th. Citigroup raised their target price on shares of Palantir Technologies from $110.00 to $115.00 and gave the stock a “neutral” rating in a research report on Thursday, May 8th. Finally, Wedbush set a $140.00 target price on shares of Palantir Technologies and gave the stock an “outperform” rating in a research report on Tuesday, May 6th. Five 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 currently has a consensus rating of “Hold” and a consensus target price of $83.95.

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.