MSH Capital Advisors LLC Makes New $783,000 Investment in Palantir Technologies Inc. $PLTR

MSH Capital Advisors LLC bought a new position in shares of Palantir Technologies Inc. (NASDAQ:PLTRFree Report) during the fourth quarter, HoldingsChannel.com reports. The firm bought 4,404 shares of the company’s stock, valued at approximately $783,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in PLTR. Revolve Wealth Partners LLC bought a new position in Palantir Technologies during the fourth quarter worth about $450,000. Bison Wealth LLC boosted its holdings in Palantir Technologies by 37.4% during the fourth quarter. Bison Wealth LLC now owns 17,130 shares of the company’s stock worth $1,296,000 after buying an additional 4,667 shares during the last quarter. Capstone Wealth Management Group LLC boosted its holdings in Palantir Technologies by 38.0% during the first quarter. Capstone Wealth Management Group LLC now owns 17,147 shares of the company’s stock worth $1,447,000 after buying an additional 4,722 shares during the last quarter. Schnieders Capital Management LLC. boosted its holdings in Palantir Technologies by 36.8% during the second quarter. Schnieders Capital Management LLC. now owns 6,294 shares of the company’s stock worth $858,000 after buying an additional 1,694 shares during the last quarter. Finally, Vivaldi Capital Management LP bought a new position in Palantir Technologies during the second quarter worth about $315,000. Institutional investors own 45.65% of the company’s stock.

Palantir Technologies Price Performance

NASDAQ:PLTR opened at $136.88 on Tuesday. The firm has a market capitalization of $328.14 billion, a price-to-earnings ratio of 153.80, a price-to-earnings-growth ratio of 2.17 and a beta of 1.52. Palantir Technologies Inc. has a twelve month low of $118.93 and a twelve month high of $207.52. The stock’s 50 day moving average price is $142.55 and its two-hundred day moving average price is $157.03.

Palantir Technologies (NASDAQ:PLTRGet Free Report) last posted its quarterly earnings results on Monday, May 4th. The company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.05. The firm had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.54 billion. Palantir Technologies had a return on equity of 28.34% and a net margin of 43.67%.The business’s quarterly revenue was up 84.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.13 EPS. As a group, analysts anticipate that Palantir Technologies Inc. will post 1.18 earnings per share for the current year.

Wall Street Analysts Forecast Growth

PLTR has been the topic of a number of recent analyst reports. Piper Sandler restated an “overweight” rating and set a $230.00 target price on shares of Palantir Technologies in a report on Tuesday, February 3rd. HSBC cut Palantir Technologies from a “buy” rating to a “hold” rating and cut their price objective for the company from $205.00 to $151.00 in a report on Friday, May 1st. Citigroup lifted their price objective on Palantir Technologies from $210.00 to $225.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. William Blair upgraded Palantir Technologies from a “market perform” rating to an “outperform” rating in a report on Monday, February 2nd. Finally, Freedom Capital upgraded Palantir Technologies from a “strong sell” rating to a “strong-buy” rating in a report on Friday, February 13th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $192.76.

Get Our Latest Stock Report on PLTR

Insider Activity

In other Palantir Technologies news, insider Alexander C. Karp sold 397,744 shares of the business’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $136.04, for a total transaction of $54,109,093.76. Following the transaction, the insider owned 6,432,258 shares of the company’s stock, valued at $875,044,378.32. The trade was a 5.82% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider David A. Glazer sold 17,128 shares of the business’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $136.04, for a total value of $2,330,093.12. Following the transaction, the insider directly owned 375,242 shares in the company, valued at $51,047,921.68. This trade represents a 4.37% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders have sold 922,524 shares of company stock worth $125,501,302. Corporate insiders own 9.53% of the company’s stock.

Key Stories Impacting Palantir Technologies

Here are the key news stories impacting Palantir Technologies this week:

About Palantir Technologies

(Free Report)

Palantir Technologies is a software company that develops data integration, analytics and operational decision-making platforms for government and commercial customers. Founded in 2003 by a team that included Alex Karp and Peter Thiel, Palantir has grown into a provider of enterprise-scale software designed to help organizations integrate disparate data sources, build analytic models and drive operational workflows. The company went public in 2020 and continues to position its products around large, complex data projects where security, provenance and real-time collaboration are important.

Palantir’s product portfolio centers on a small number of core platforms.

See Also

Want to see what other hedge funds are holding PLTR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Palantir Technologies Inc. (NASDAQ:PLTRFree Report).

Institutional Ownership by Quarter for Palantir Technologies (NASDAQ:PLTR)

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