Sapient Capital LLC Buys 102,440 Shares of Palantir Technologies Inc. (NASDAQ:PLTR)

Sapient Capital LLC lifted its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 1,635.6% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 108,703 shares of the company’s stock after purchasing an additional 102,440 shares during the period. Sapient Capital LLC’s holdings in Palantir Technologies were worth $9,175,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in PLTR. Roxbury Financial LLC acquired a new stake in Palantir Technologies during the 4th quarter worth $27,000. HighMark Wealth Management LLC raised its stake in shares of Palantir Technologies by 73.5% in the 4th quarter. HighMark Wealth Management LLC now owns 392 shares of the company’s stock valued at $30,000 after purchasing an additional 166 shares during the period. Sierra Ocean LLC acquired a new stake in shares of Palantir Technologies in the 4th quarter valued at about $31,000. First Command Advisory Services Inc. acquired a new stake in shares of Palantir Technologies in the 4th quarter valued at about $34,000. Finally, Summit Securities Group LLC acquired a new stake in shares of Palantir Technologies in the 4th quarter valued at about $34,000. Institutional investors and hedge funds own 45.65% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the company. Wedbush set a $140.00 price target on Palantir Technologies and gave the company an “outperform” rating in a research note on Tuesday, May 6th. UBS Group lifted their price target on Palantir Technologies from $105.00 to $110.00 and gave the company a “neutral” rating in a research note on Tuesday, May 6th. Deutsche Bank Aktiengesellschaft reissued a “sell” rating on shares of Palantir Technologies in a research note on Tuesday, May 6th. The Goldman Sachs Group lifted their target price on Palantir Technologies from $80.00 to $90.00 and gave the company a “neutral” rating in a research report on Tuesday, May 6th. Finally, Mizuho lifted their target price on Palantir Technologies from $94.00 to $116.00 and gave the company an “underperform” rating in a research report on Wednesday. Five research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $85.05.

Palantir Technologies Stock Up 2.6%

Shares of NASDAQ:PLTR opened at $136.28 on Thursday. Palantir Technologies Inc. has a 12-month low of $21.23 and a 12-month high of $140.00. The stock has a market cap of $321.61 billion, a PE ratio of 717.31, a P/E/G ratio of 10.84 and a beta of 2.64. The business has a 50 day moving average of $113.13 and a 200-day moving average of $93.63.

Palantir Technologies (NASDAQ:PLTR) last released its quarterly earnings results on Monday, May 5th. The company reported $0.13 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.13. Palantir Technologies had a net margin of 16.13% and a return on equity of 6.85%. The company had revenue of $883.86 million during the quarter, compared to the consensus estimate of $863.89 million. During the same period in the previous year, the business earned $0.08 earnings per share. The firm’s quarterly revenue was up 39.4% on a year-over-year basis. Equities research analysts expect that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Insider Activity

In other news, insider Stephen Andrew Cohen sold 310,000 shares of Palantir Technologies stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $87.07, for a total value of $26,991,700.00. Following the completion of the sale, the insider now directly owns 592 shares in the company, valued at approximately $51,545.44. The trade was a 99.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Alexander C. Karp sold 358,982 shares of Palantir Technologies stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $126.39, for a total transaction of $45,371,734.98. Following the completion of the sale, the insider now owns 6,432,258 shares of the company’s stock, valued at approximately $812,973,088.62. The trade was a 5.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,661,925 shares of company stock worth $268,580,958. Corporate insiders own 9.23% of the company’s stock.

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.