Cavalier Investments LLC Takes $3.70 Million Position in Palantir Technologies Inc. (NASDAQ:PLTR)

Cavalier Investments LLC bought a new stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 43,801 shares of the company’s stock, valued at approximately $3,697,000. Palantir Technologies comprises 1.3% of Cavalier Investments LLC’s investment portfolio, making the stock its 23rd biggest position.

Several other institutional investors and hedge funds have also recently made changes to their positions in PLTR. First Command Advisory Services Inc. bought a new position in shares of Palantir Technologies during the fourth quarter valued at about $34,000. Summit Securities Group LLC bought a new stake in Palantir Technologies during the 4th quarter valued at $34,000. Fairfield Financial Advisors LTD purchased a new stake in Palantir Technologies during the 4th quarter valued at $35,000. Godsey & Gibb Inc. grew its holdings in Palantir Technologies by 740.0% in the 1st quarter. Godsey & Gibb Inc. now owns 420 shares of the company’s stock worth $35,000 after acquiring an additional 370 shares during the last quarter. Finally, Runnymede Capital Advisors Inc. purchased a new position in shares of Palantir Technologies in the fourth quarter valued at about $36,000. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Palantir Technologies Stock Performance

Shares of NASDAQ PLTR opened at $144.25 on Friday. The company has a market capitalization of $340.42 billion, a PE ratio of 627.17, a price-to-earnings-growth ratio of 12.20 and a beta of 2.64. The company’s fifty day moving average price is $124.50 and its 200 day moving average price is $99.02. Palantir Technologies Inc. has a 1 year low of $21.23 and a 1 year high of $148.22.

Palantir Technologies (NASDAQ:PLTR) last posted its earnings results on Monday, May 5th. The company reported $0.13 EPS for the quarter, meeting analysts’ consensus estimates of $0.13. The firm had revenue of $883.86 million for the quarter, compared to analysts’ expectations of $863.89 million. Palantir Technologies had a return on equity of 6.55% and a net margin of 18.32%. The company’s quarterly revenue was up 39.4% on a year-over-year basis. During the same period last year, the firm earned $0.08 EPS. On average, equities analysts expect that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Insider Transactions at Palantir Technologies

In related news, Director Lauren Elaina Friedman Stat sold 800 shares of the business’s stock in a transaction that occurred on Thursday, April 3rd. The stock was sold at an average price of $81.25, for a total transaction of $65,000.00. Following the completion of the sale, the director now directly owns 61,339 shares in the company, valued at approximately $4,983,793.75. The trade was a 1.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jeffrey Buckley sold 1,708 shares of the firm’s stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of $126.39, for a total value of $215,874.12. Following the completion of the transaction, the insider now owns 34,468 shares in the company, valued at $4,356,410.52. The trade was a 4.72% decrease in their position. 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 in the last three months. 9.23% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Cantor Fitzgerald increased their price objective on Palantir Technologies from $98.00 to $110.00 and gave the stock a “neutral” rating in a report on Tuesday, May 6th. The Goldman Sachs Group lifted their price target on shares of Palantir Technologies from $80.00 to $90.00 and gave the company a “neutral” rating in a report on Tuesday, May 6th. UBS Group restated a “positive” rating on shares of Palantir Technologies in a report on Wednesday. Loop Capital set a $155.00 price target on shares of Palantir Technologies and gave the company a “buy” rating in a research report on Thursday, June 12th. Finally, Citigroup lifted their price objective on Palantir Technologies from $110.00 to $115.00 and gave the company a “neutral” rating in a research report on Thursday, May 8th. Five analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target 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.