Newbridge Financial Services Group Inc. Has $1.79 Million Stock Position in Palantir Technologies Inc. (NYSE:PLTR)

Newbridge Financial Services Group Inc. lifted its stake in Palantir Technologies Inc. (NYSE:PLTRFree Report) by 5.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 104,125 shares of the company’s stock after acquiring an additional 5,197 shares during the quarter. Palantir Technologies makes up approximately 0.9% of Newbridge Financial Services Group Inc.’s investment portfolio, making the stock its 18th largest position. Newbridge Financial Services Group Inc.’s holdings in Palantir Technologies were worth $1,788,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of PLTR. Truvestments Capital LLC increased its position in Palantir Technologies by 74.9% during the third quarter. Truvestments Capital LLC now owns 1,635 shares of the company’s stock worth $26,000 after buying an additional 700 shares during the last quarter. First United Bank & Trust acquired a new position in Palantir Technologies during the fourth quarter worth approximately $26,000. Pacifica Partners Inc. acquired a new position in Palantir Technologies during the fourth quarter worth approximately $27,000. GAMMA Investing LLC acquired a new position in shares of Palantir Technologies in the fourth quarter valued at approximately $33,000. Finally, Provence Wealth Management Group acquired a new position in shares of Palantir Technologies in the third quarter valued at approximately $34,000. Institutional investors and hedge funds own 45.65% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on PLTR shares. Citigroup upped their target price on Palantir Technologies from $23.00 to $25.00 and gave the company a “neutral” rating in a research report on Tuesday, May 7th. Argus started coverage on Palantir Technologies in a research report on Monday. They issued a “buy” rating and a $29.00 target price on the stock. DA Davidson upped their target price on Palantir Technologies from $19.00 to $24.00 and gave the company a “neutral” rating in a research report on Tuesday, May 7th. Monness Crespi & Hardt raised Palantir Technologies from a “sell” rating to a “neutral” rating in a research report on Friday, April 26th. Finally, William Blair reissued an “underperform” rating on shares of Palantir Technologies in a research report on Tuesday, May 7th. Five equities research analysts have rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $21.25.

View Our Latest Analysis on PLTR

Palantir Technologies Stock Up 0.1 %

Shares of PLTR stock traded up $0.03 during trading hours on Tuesday, reaching $25.05. The company’s stock had a trading volume of 9,723,870 shares, compared to its average volume of 57,212,645. The firm’s 50 day simple moving average is $22.09 and its 200-day simple moving average is $21.10. The company has a market capitalization of $55.78 billion, a price-to-earnings ratio of 208.52, a PEG ratio of 5.44 and a beta of 2.70. Palantir Technologies Inc. has a fifty-two week low of $13.56 and a fifty-two week high of $27.50.

Palantir Technologies (NYSE:PLTRGet Free Report) last released its quarterly earnings data on Monday, May 6th. The company reported $0.04 earnings per share for the quarter, meeting the consensus estimate of $0.04. Palantir Technologies had a return on equity of 8.28% and a net margin of 12.79%. The company had revenue of $634.34 million for the quarter, compared to the consensus estimate of $614.88 million. Sell-side analysts predict that Palantir Technologies Inc. will post 0.16 earnings per share for the current year.

Insider Activity at Palantir Technologies

In related news, Director Peter Thiel sold 6,285,833 shares of the firm’s stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $21.33, for a total transaction of $134,076,817.89. Following the sale, the director now owns 64,520,599 shares of the company’s stock, valued at approximately $1,376,224,376.67. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, Director Peter Thiel sold 6,285,833 shares of the firm’s stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $21.33, for a total transaction of $134,076,817.89. Following the completion of the transaction, the director now directly owns 64,520,599 shares of the company’s stock, valued at approximately $1,376,224,376.67. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Heather A. Planishek sold 2,398 shares of the firm’s stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $21.30, for a total value of $51,077.40. Following the transaction, the insider now directly owns 639,696 shares of the company’s stock, valued at $13,625,524.80. The disclosure for this sale can be found here. Insiders have sold a total of 11,374,153 shares of company stock valued at $239,976,945 in the last 90 days. 12.93% of the stock is owned by corporate insiders.

Palantir Technologies Company Profile

(Free Report)

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.

Featured Articles

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

Receive News & Ratings for Palantir Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Palantir Technologies and related companies with MarketBeat.com's FREE daily email newsletter.