Jamison Private Wealth Management Inc. Has $850,000 Stock Holdings in Palantir Technologies Inc. (NASDAQ:PLTR)

by · The Cerbat Gem

Jamison Private Wealth Management Inc. raised its holdings in Palantir Technologies Inc. (NASDAQ:PLTR – Free Report) by 11.9% during the first quarter, Holdings Channel reports. The institutional investor owned 10,072 shares of the company’s stock after buying an additional 1,075 shares during the quarter. Jamison Private Wealth Management Inc.’s holdings in Palantir Technologies were worth $850,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Continuum Advisory LLC raised its holdings in Palantir Technologies by 3.8% during the 4th quarter. Continuum Advisory LLC now owns 2,670 shares of the company’s stock valued at $202,000 after buying an additional 98 shares during the last quarter. Heritage Wealth Management Inc. CA raised its holdings in Palantir Technologies by 0.4% during the 4th quarter. Heritage Wealth Management Inc. CA now owns 29,024 shares of the company’s stock valued at $2,195,000 after buying an additional 111 shares during the last quarter. True Wealth Design LLC raised its holdings in Palantir Technologies by 29.3% during the 4th quarter. True Wealth Design LLC now owns 503 shares of the company’s stock valued at $38,000 after buying an additional 114 shares during the last quarter. Gemmer Asset Management LLC raised its holdings in Palantir Technologies by 1.6% during the 1st quarter. Gemmer Asset Management LLC now owns 7,567 shares of the company’s stock valued at $639,000 after buying an additional 119 shares during the last quarter. Finally, DecisionMap Wealth Management LLC increased its position in Palantir Technologies by 3.9% during the 1st quarter. DecisionMap Wealth Management LLC now owns 3,303 shares of the company’s stock valued at $279,000 after purchasing an additional 124 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 405,000 shares of the company’s stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $132.08, for a total transaction of $53,492,400.00. Following the transaction, the insider now owns 702,786 shares in the company, valued at approximately $92,823,974.88. This represents a 36.56% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Ryan D. Taylor sold 98,177 shares of the company’s stock in a transaction dated Monday, March 31st. The shares were sold at an average price of $82.80, for a total transaction of $8,129,055.60. Following the transaction, the insider now owns 403,171 shares in the company, valued at $33,382,558.80. This represents a 19.58% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,506,925 shares of company stock worth $188,456,658. Company insiders own 9.23% of the company’s stock.

Palantir Technologies Price Performance

Shares of Palantir Technologies stock opened at $137.30 on Friday. The stock has a market cap of $324.02 billion, a price-to-earnings ratio of 596.96, a PEG ratio of 11.95 and a beta of 2.64. The firm’s 50-day moving average is $120.65 and its 200 day moving average is $97.09. Palantir Technologies Inc. has a 1 year low of $21.23 and a 1 year high of $144.86.

Palantir Technologies (NASDAQ:PLTR – Get Free Report) last announced its quarterly earnings results on Monday, May 5th. The company reported $0.13 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.13. The company had revenue of $883.86 million for the quarter, compared to analysts’ expectations of $863.89 million. Palantir Technologies had a net margin of 18.32% and a return on equity of 6.55%. Palantir Technologies’s revenue was up 39.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.08 EPS. On average, equities analysts expect that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Loop Capital set a $155.00 price objective on shares of Palantir Technologies and gave the company a “buy” rating in a research report on Thursday, June 12th. UBS Group boosted their price objective on shares of Palantir Technologies from $105.00 to $110.00 and gave the company a “neutral” rating in a research report on Tuesday, May 6th. Daiwa America raised shares of Palantir Technologies to a “hold” rating in a research report on Tuesday, April 1st. Deutsche Bank Aktiengesellschaft reissued a “sell” rating on shares of Palantir Technologies in a research report on Tuesday, May 6th. Finally, Wedbush set a $140.00 price objective on shares of Palantir Technologies and gave the company an “outperform” rating in a research report on Tuesday, May 6th. Five investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Palantir Technologies presently has a consensus rating of “Hold” and an average target price of $89.32.

Check Out Our Latest Stock Analysis on Palantir Technologies

Palantir Technologies Company Profile

(Free Report)

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.

Further Reading

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