2,703 Shares in Palantir Technologies Inc. (NASDAQ:PLTR) Purchased by Flynn Zito Capital Management LLC

Flynn Zito Capital Management LLC acquired a new stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 2,703 shares of the company's stock, valued at approximately $228,000.

Other institutional investors have also recently bought and sold shares of the company. Revolve Wealth Partners LLC bought a new stake in shares of Palantir Technologies during the 4th quarter worth $450,000. Proficio Capital Partners LLC acquired a new stake in shares of Palantir Technologies in the fourth quarter valued at about $522,000. Thrivent Financial for Lutherans increased its stake in shares of Palantir Technologies by 0.7% in the fourth quarter. Thrivent Financial for Lutherans now owns 92,313 shares of the company's stock valued at $6,900,000 after buying an additional 657 shares during the period. Lee Danner & Bass Inc. acquired a new stake in shares of Palantir Technologies in the fourth quarter valued at about $38,000. Finally, TD Private Client Wealth LLC increased its stake in shares of Palantir Technologies by 14.2% in the fourth quarter. TD Private Client Wealth LLC now owns 5,417 shares of the company's stock valued at $410,000 after buying an additional 672 shares during the period. Institutional investors own 45.65% of the company's stock.

Insider Activity

In other news, insider David A. Glazer sold 30,812 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 value of $3,894,328.68. Following the transaction, the insider owned 495,497 shares of the company's stock, valued at $62,625,865.83. The trade was a 5.85% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Shyam Sankar sold 405,000 shares of the firm's stock in a transaction that occurred on Tuesday, June 10th. The stock was sold at an average price of $132.08, for a total transaction of $53,492,400.00. Following the sale, the insider owned 702,786 shares of the company's stock, valued at approximately $92,823,974.88. This represents a 36.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,485,632 shares of company stock valued at $191,222,623 in the last ninety days. 12.93% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

PLTR has been the topic of a number of analyst reports. Loop Capital set a $155.00 price objective on Palantir Technologies and gave the company a "buy" rating in a research note on Thursday, June 12th. Mizuho upgraded Palantir Technologies from an "underperform" rating to a "neutral" rating and boosted their target price for the stock from $116.00 to $135.00 in a research report on Wednesday, July 16th. Deutsche Bank Aktiengesellschaft restated a "sell" rating on shares of Palantir Technologies in a research report on Tuesday, May 6th. Daiwa Capital Markets started coverage on Palantir Technologies in a report on Tuesday, April 1st. They issued a "neutral" rating and a $90.00 price objective for the company. Finally, DA Davidson upped their price objective on Palantir Technologies from $100.00 to $115.00 and gave the stock a "neutral" rating in a report on Tuesday, May 6th. Four equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $91.37.

Palantir Technologies Stock Performance

Palantir Technologies stock opened at $149.63 on Tuesday. Palantir Technologies Inc. has a fifty-two week low of $21.23 and a fifty-two week high of $155.68. The firm has a 50 day moving average price of $134.33 and a 200 day moving average price of $106.57. The company has a market capitalization of $353.10 billion, a PE ratio of 656.53, a price-to-earnings-growth ratio of 13.11 and a beta of 2.59.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last issued its quarterly earnings results on Monday, May 5th. The company reported $0.13 EPS for the quarter, meeting the consensus estimate of $0.13. Palantir Technologies had a net margin of 18.32% and a return on equity of 6.55%. The company had revenue of $883.86 million during the quarter, compared to analysts' expectations of $863.89 million. During the same quarter last year, the company posted $0.08 EPS. The firm's revenue was up 39.4% compared to the same quarter last year. As a group, equities research analysts forecast that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

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.

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