11,064 Shares in Palantir Technologies Inc. (NASDAQ:PLTR) Acquired by Roberts Capital Advisors LLC

Key Points

• Roberts Capital Advisors LLC acquired 11,064 shares of Palantir Technologies, valued at approximately $934,000, as reported in their recent Form 13F filing.
• Palantir Technologies reported earnings of $0.16 per share, exceeding analyst expectations of $0.14, while revenue reached $1 billion, reflecting a 48% increase year-over-year.
• Several analysts have revised their price targets for Palantir, with Cantor Fitzgerald and Goldman Sachs both increasing their targets to $155 and $141 respectively, while maintaining a "neutral" rating on the stock.

Roberts Capital Advisors LLC purchased a new position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 11,064 shares of the company's stock, valued at approximately $934,000.

A number of other large investors have also added to or reduced their stakes in the stock. Allegiance Financial Group Advisory Services LLC lifted its stake in Palantir Technologies by 3.0% during the first quarter. Allegiance Financial Group Advisory Services LLC now owns 2,917 shares of the company's stock worth $246,000 after purchasing an additional 84 shares during the last quarter. Sovran Advisors LLC lifted its stake in Palantir Technologies by 1.8% during the first quarter. Sovran Advisors LLC now owns 5,453 shares of the company's stock worth $460,000 after purchasing an additional 94 shares during the last quarter. Lodestone Wealth Management LLC lifted its stake in shares of Palantir Technologies by 1.1% in the 1st quarter. Lodestone Wealth Management LLC now owns 8,950 shares of the company's stock valued at $755,000 after acquiring an additional 97 shares during the last quarter. Continuum Advisory LLC boosted its holdings in shares of 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 acquiring an additional 98 shares in the last quarter. Finally, Kathmere Capital Management LLC boosted its holdings in shares of Palantir Technologies by 0.5% during the 1st quarter. Kathmere Capital Management LLC now owns 18,145 shares of the company's stock valued at $1,531,000 after acquiring an additional 99 shares in the last quarter. Institutional investors and hedge funds own 45.65% of the company's stock.

Palantir Technologies Trading Down 2.1%

PLTR stock opened at $177.17 on Friday. The stock has a 50-day moving average price of $151.03 and a 200-day moving average price of $119.20. Palantir Technologies Inc. has a 1-year low of $29.31 and a 1-year high of $190.00. The firm has a market cap of $418.11 billion, a PE ratio of 590.59, a price-to-earnings-growth ratio of 10.20 and a beta of 2.60.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last posted its quarterly earnings data on Monday, August 4th. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.02. The firm had revenue of $1 billion during the quarter, compared to analyst estimates of $939.29 million. Palantir Technologies had a return on equity of 10.75% and a net margin of 22.18%. The business's quarterly revenue was up 48.0% on a year-over-year basis. During the same period last year, the company posted $0.09 EPS. On average, analysts forecast that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Wall Street Analyst Weigh In

PLTR has been the topic of several recent research reports. Cantor Fitzgerald raised their price objective on Palantir Technologies from $110.00 to $155.00 and gave the company a "neutral" rating in a report on Tuesday, August 5th. The Goldman Sachs Group raised their price objective on Palantir Technologies from $90.00 to $141.00 and gave the company a "neutral" rating in a report on Wednesday, August 6th. Deutsche Bank Aktiengesellschaft raised Palantir Technologies from a "sell" rating to a "hold" rating and raised their price objective for the company from $80.00 to $160.00 in a report on Tuesday, August 5th. Loop Capital raised their price objective on Palantir Technologies from $178.00 to $180.00 and gave the company a "buy" rating in a report on Tuesday, August 5th. Finally, Mizuho raised Palantir Technologies from an "underperform" rating to a "neutral" rating and raised their price objective for the company from $116.00 to $135.00 in a report on Wednesday, July 16th. Two investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $136.61.

Insider Buying and Selling

In other news, Director Lauren Elaina Friedman Stat sold 800 shares of the firm's stock in a transaction dated Wednesday, July 9th. The stock was sold at an average price of $139.61, for a total value of $111,688.00. Following the completion of the sale, the director directly owned 62,887 shares in the company, valued at $8,779,654.07. This trade represents a 1.26% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Eric H. Woersching sold 10,214 shares of the firm's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $130.95, for a total value of $1,337,523.30. Following the completion of the sale, the director owned 2,348 shares of the company's stock, valued at approximately $307,470.60. This represents a 81.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,515,632 shares of company stock worth $196,472,623 over the last 90 days. 9.23% of the stock is owned by company insiders.

Palantir Technologies Company Profile

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.

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