Palantir Technologies Inc. (NASDAQ:PLTR) Shares Acquired by Mason & Associates Inc

Mason & Associates Inc lifted its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 38.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 24,610 shares of the company’s stock after acquiring an additional 6,813 shares during the period. Mason & Associates Inc’s holdings in Palantir Technologies were worth $2,077,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Norges Bank purchased a new position in shares of Palantir Technologies during the 4th quarter worth approximately $1,360,191,000. Geode Capital Management LLC raised its stake in shares of Palantir Technologies by 8.6% during the 4th quarter. Geode Capital Management LLC now owns 52,074,232 shares of the company’s stock worth $3,929,401,000 after buying an additional 4,127,306 shares during the last quarter. Wellington Management Group LLP increased its position in Palantir Technologies by 504.0% during the fourth quarter. Wellington Management Group LLP now owns 4,682,230 shares of the company’s stock worth $354,117,000 after buying an additional 3,907,022 shares in the last quarter. Invesco Ltd. increased its position 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 buying an additional 3,509,311 shares in the last quarter. Finally, Capital World Investors acquired a new position in shares of Palantir Technologies in the fourth quarter valued at approximately $253,816,000. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on PLTR. Wedbush set a $140.00 price target on Palantir Technologies and gave the stock an “outperform” rating in a research note on Tuesday, May 6th. Citigroup increased their target price on Palantir Technologies from $110.00 to $115.00 and gave the company a “neutral” rating in a research note on Thursday, May 8th. DA Davidson upped their target price on shares of Palantir Technologies from $100.00 to $115.00 and gave the company a “neutral” rating in a research note on Tuesday, May 6th. William Blair set a $84.00 price objective on shares of Palantir Technologies in a report on Wednesday, March 5th. Finally, Daiwa Capital Markets assumed coverage on shares of Palantir Technologies in a research note on Tuesday, April 1st. They set a “neutral” rating and a $90.00 target price for the company. Five analysts have rated the stock with a sell rating, fifteen have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $86.30.

Insider Activity

In related news, insider Ryan D. Taylor sold 98,177 shares of the company’s stock in a transaction on Monday, March 31st. The stock was sold at an average price of $82.80, for a total transaction of $8,129,055.60. Following the transaction, the insider now directly owns 403,171 shares of the company’s stock, valued at approximately $33,382,558.80. The trade was a 19.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Lauren Elaina Friedman Stat sold 800 shares of the company’s stock in a transaction on Thursday, April 3rd. The shares were sold at an average price of $81.25, for a total value of $65,000.00. Following the transaction, the director now directly owns 61,339 shares in the company, valued at $4,983,793.75. The trade was a 1.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,506,925 shares of company stock valued at $188,456,658 over the last three months. Insiders own 9.23% of the company’s stock.

Palantir Technologies Stock Up 1.6%

Shares of NASDAQ PLTR opened at $137.40 on Monday. Palantir Technologies Inc. has a 12 month low of $21.23 and a 12 month high of $140.70. The company has a market cap of $324.25 billion, a price-to-earnings ratio of 723.20, a P/E/G ratio of 10.84 and a beta of 2.64. The business has a fifty day simple moving average of $115.48 and a 200-day simple moving average of $95.01.

Palantir Technologies (NASDAQ:PLTR) last announced its earnings results on Monday, May 5th. The company reported $0.13 EPS for the quarter, meeting the consensus estimate of $0.13. Palantir Technologies had a return on equity of 6.85% and a net margin of 16.13%. The business had revenue of $883.86 million during the quarter, compared to the consensus estimate of $863.89 million. During the same period in the prior year, the business posted $0.08 earnings per share. Palantir Technologies’s revenue was up 39.4% compared to the same quarter last year. As a group, sell-side analysts expect that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

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.