Western Wealth Management LLC Purchases 7,125 Shares of Palantir Technologies Inc. (NYSE:PLTR)

Western Wealth Management LLC raised its position in shares of Palantir Technologies Inc. (NYSE:PLTR) by 25.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 35,194 shares of the company’s stock after purchasing an additional 7,125 shares during the period. Western Wealth Management LLC’s holdings in Palantir Technologies were worth $604,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of PLTR. Vanguard Group Inc. grew its holdings in Palantir Technologies by 22.4% during the first quarter. Vanguard Group Inc. now owns 156,003,743 shares of the company’s stock valued at $2,141,931,000 after purchasing an additional 28,563,749 shares during the period. Norges Bank bought a new position in Palantir Technologies during the fourth quarter valued at $39,395,000. Morgan Stanley grew its holdings in Palantir Technologies by 26.1% during the third quarter. Morgan Stanley now owns 22,614,555 shares of the company’s stock valued at $361,833,000 after purchasing an additional 4,675,824 shares during the period. KEYWISE CAPITAL MANAGEMENT HK Ltd grew its holdings in Palantir Technologies by 314.7% during the third quarter. KEYWISE CAPITAL MANAGEMENT HK Ltd now owns 5,285,700 shares of the company’s stock valued at $84,571,000 after purchasing an additional 4,011,100 shares during the period. Finally, Millennium Management LLC grew its holdings in Palantir Technologies by 194.8% during the second quarter. Millennium Management LLC now owns 1,895,920 shares of the company’s stock valued at $17,196,000 after purchasing an additional 3,895,920 shares during the period. 45.65% of the stock is owned by institutional investors.

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, insider Shyam Sankar sold 29,168 shares of the firm’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $25.00, for a total transaction of $729,200.00. Following the sale, the insider now owns 752,786 shares in the company, valued at $18,819,650. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Palantir Technologies news, insider Ryan D. Taylor sold 150,000 shares of the firm’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $24.00, for a total transaction of $3,600,000.00. Following the sale, the insider now owns 181,460 shares in the company, valued at $4,355,040. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Shyam Sankar sold 29,168 shares of the firm’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $25.00, for a total value of $729,200.00. Following the sale, the insider now owns 752,786 shares in the company, valued at approximately $18,819,650. The disclosure for this sale can be found here. Insiders have sold 7,456,273 shares of company stock worth $184,343,202 over the last 90 days. Corporate insiders own 13.96% of the company’s stock.

Wall Street Analysts Forecast Growth

PLTR has been the subject of several research reports. Citigroup raised Palantir Technologies from a “sell” rating to a “neutral” rating and increased their price objective for the company from $10.00 to $20.00 in a report on Tuesday, February 6th. Royal Bank of Canada restated an “underperform” rating and set a $5.00 target price on shares of Palantir Technologies in a research report on Tuesday, February 6th. Wedbush restated an “outperform” rating and set a $35.00 target price (up previously from $30.00) on shares of Palantir Technologies in a research report on Friday, March 8th. Monness Crespi & Hardt downgraded Palantir Technologies from a “neutral” rating to a “sell” rating and set a $20.00 target price on the stock. in a research report on Thursday, March 28th. Finally, Bank of America increased their target price on Palantir Technologies from $24.00 to $28.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. Four investment analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Palantir Technologies has a consensus rating of “Hold” and a consensus price target of $18.35.

Palantir Technologies Stock Performance

Shares of PLTR stock opened at $20.47 on Friday. Palantir Technologies Inc. has a 52-week low of $7.28 and a 52-week high of $27.50. The company has a market capitalization of $45.29 billion, a PE ratio of 227.47, a price-to-earnings-growth ratio of 5.02 and a beta of 2.78. The business’s fifty day moving average is $23.77 and its 200 day moving average is $19.89.

Palantir Technologies (NYSE:PLTR) last issued its quarterly earnings data on Monday, February 5th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). Palantir Technologies had a return on equity of 6.17% and a net margin of 9.43%. The business had revenue of $608.35 million during the quarter, compared to analysts’ expectations of $603.48 million. On average, sell-side analysts forecast that Palantir Technologies Inc. will post 0.16 EPS for the current fiscal year.

Palantir Technologies Profile

Palantir Technologies Inc builds and deploys software platforms for the intelligence community to assist in counterterrorism investigations and operations in the United States, the United Kingdom, and internationally. The company provides Palantir Gotham, a software platform which enables users to identify patterns hidden deep within datasets, ranging from signals intelligence sources to reports from confidential informants, as well as facilitates the handoff between analysts and operational users, helping operators plan and execute real-world responses to threats that have been identified within the platform.