4,357 Shares in Palantir Technologies Inc. (NASDAQ:PLTR) Purchased by Round Rock Advisors LLC

Round Rock Advisors LLC purchased a new position in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 4,357 shares of the company's stock, valued at approximately $368,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. boosted its stake in Palantir Technologies by 15.0% in the 1st quarter. Assenagon Asset Management S.A. now owns 49,651 shares of the company's stock worth $4,191,000 after buying an additional 6,479 shares during the last quarter. Pitcairn Co. acquired a new stake in Palantir Technologies in the 4th quarter worth about $281,000. Sagespring Wealth Partners LLC boosted its stake in Palantir Technologies by 36.3% in the 1st quarter. Sagespring Wealth Partners LLC now owns 24,054 shares of the company's stock worth $2,030,000 after buying an additional 6,405 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new stake in Palantir Technologies in the 4th quarter worth about $52,033,000. Finally, CX Institutional acquired a new stake in Palantir Technologies in the 1st quarter worth about $62,000. 45.65% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have issued reports on PLTR. Loop Capital set a $155.00 price target on Palantir Technologies and gave the stock a "buy" rating in a research note on Thursday, June 12th. Daiwa Capital Markets assumed coverage on Palantir Technologies in a research note on Tuesday, April 1st. They issued a "neutral" rating and a $90.00 price objective on the stock. Wedbush set a $140.00 price objective on Palantir Technologies and gave the company an "outperform" rating in a research note on Tuesday, May 6th. UBS Group reaffirmed a "positive" rating on shares of Palantir Technologies in a research note on Wednesday, June 25th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "sell" rating on shares of Palantir Technologies in a research note on Tuesday, May 6th. Five research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $89.32.

Palantir Technologies Stock Performance

Shares of NASDAQ:PLTR opened at $143.13 on Thursday. The company has a market cap of $337.77 billion, a P/E ratio of 622.30, a PEG ratio of 11.93 and a beta of 2.59. Palantir Technologies Inc. has a one year low of $21.23 and a one year high of $148.22. The business's 50-day simple moving average is $129.92 and its 200 day simple moving average is $102.83.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last announced its 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 return on equity of 6.55% and a net margin of 18.32%. The business had revenue of $883.86 million for the quarter, compared to the consensus estimate of $863.89 million. During the same period last year, the business posted $0.08 EPS. The company's revenue was up 39.4% on a year-over-year basis. Analysts predict that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Insider Activity at Palantir Technologies

In other Palantir Technologies news, insider Ryan D. Taylor sold 33,335 shares of Palantir Technologies stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $135.31, for a total transaction of $4,510,558.85. Following the sale, the insider directly owned 363,755 shares in the company, valued at $49,219,689.05. The trade was a 8.39% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Stephen Andrew Cohen sold 34,357 shares of Palantir Technologies stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $125.96, for a total value of $4,327,607.72. Following the sale, the insider owned 592 shares in the company, valued at $74,568.32. This represents a 98.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,451,497 shares of company stock worth $186,110,685 over the last ninety days. Company 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.

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