JBR Co Financial Management Inc Makes New Investment in Palantir Technologies Inc. (NASDAQ:PLTR)

JBR Co Financial Management Inc purchased a new stake in Palantir Technologies Inc. (NASDAQ:PLTR) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 5,487 shares of the company’s stock, valued at approximately $463,000.

A number of other hedge funds also recently made changes to their positions in PLTR. HighMark Wealth Management LLC raised its stake in Palantir Technologies by 73.5% during the 4th quarter. HighMark Wealth Management LLC now owns 392 shares of the company’s stock valued at $30,000 after acquiring an additional 166 shares in the last quarter. Sierra Ocean LLC acquired a new position in shares of Palantir Technologies during the fourth quarter valued at $31,000. First Command Advisory Services Inc. acquired a new position in shares of Palantir Technologies during the fourth quarter valued at $34,000. Summit Securities Group LLC bought a new stake in shares of Palantir Technologies during the fourth quarter valued at about $34,000. Finally, Fairfield Financial Advisors LTD acquired a new stake in Palantir Technologies in the fourth quarter worth about $35,000. Institutional investors own 45.65% of the company’s stock.

Palantir Technologies Trading Down 2.3%

PLTR stock opened at $138.20 on Wednesday. Palantir Technologies Inc. has a one year low of $21.23 and a one year high of $144.86. The firm has a 50-day moving average of $117.68 and a two-hundred day moving average of $95.83. The firm has a market capitalization of $326.14 billion, a PE ratio of 600.87, a P/E/G ratio of 11.93 and a beta of 2.64.

Palantir Technologies (NASDAQ:PLTR) last issued its quarterly 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 net margin of 18.32% and a return on equity of 6.55%. The business had revenue of $883.86 million during the quarter, compared to the consensus estimate of $863.89 million. During the same quarter in the prior year, the firm earned $0.08 EPS. The firm’s quarterly revenue was up 39.4% on a year-over-year basis. On average, equities research analysts anticipate that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Insider Activity

In other Palantir Technologies news, insider Shyam Sankar sold 405,000 shares of the stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $132.08, for a total value of $53,492,400.00. Following the completion of the sale, the insider now owns 702,786 shares in the company, valued at $92,823,974.88. This represents a 36.56% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Ryan D. Taylor sold 98,177 shares of the business’s stock in a transaction on Monday, March 31st. The shares were sold at an average price of $82.80, for a total transaction of $8,129,055.60. Following the transaction, the insider now owns 403,171 shares in the company, valued at approximately $33,382,558.80. This represents a 19.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,506,925 shares of company stock worth $188,456,658. 12.93% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research firms have commented on PLTR. DA Davidson raised 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. Deutsche Bank Aktiengesellschaft reiterated a “sell” rating on shares of Palantir Technologies in a report on Tuesday, May 6th. Mizuho raised their price objective on shares of Palantir Technologies from $94.00 to $116.00 and gave the company an “underperform” rating in a research note on Wednesday, June 11th. Morgan Stanley boosted their target price on Palantir Technologies from $90.00 to $98.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 6th. Finally, Cantor Fitzgerald increased their price target on Palantir Technologies from $98.00 to $110.00 and gave the company a “neutral” rating in a research note on Tuesday, May 6th. Five analysts have rated the stock with a sell rating, fifteen have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $89.32.

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.