Efficient Advisors LLC Makes New $583,000 Investment in Palantir Technologies Inc. (NASDAQ:PLTR)

Efficient Advisors LLC acquired a new position in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 6,904 shares of the company's stock, valued at approximately $583,000.

A number of other hedge funds have also recently made changes to their positions in PLTR. NCP Inc. bought a new stake in Palantir Technologies during the 1st quarter valued at $316,000. Proficio Capital Partners LLC raised its holdings in Palantir Technologies by 6.2% during the 1st quarter. Proficio Capital Partners LLC now owns 7,332 shares of the company's stock valued at $619,000 after buying an additional 425 shares during the last quarter. KLP Kapitalforvaltning AS raised its holdings in Palantir Technologies by 11.1% during the 1st quarter. KLP Kapitalforvaltning AS now owns 764,100 shares of the company's stock valued at $64,490,000 after buying an additional 76,100 shares during the last quarter. WMG Financial Advisors LLC raised its holdings in Palantir Technologies by 10.4% during the 1st quarter. WMG Financial Advisors LLC now owns 3,291 shares of the company's stock valued at $278,000 after buying an additional 310 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH raised its holdings in Palantir Technologies by 22.2% during the 1st quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 996,289 shares of the company's stock valued at $84,087,000 after buying an additional 180,880 shares during the last quarter. 45.65% of the stock is currently owned by institutional investors.

Insider Activity

In other news, insider Ryan D. Taylor sold 33,335 shares of the company's stock in a transaction dated Tuesday, July 15th. The shares were sold at an average price of $150.00, for a total transaction of $5,000,250.00. Following the completion of the sale, the insider owned 363,755 shares of the company's stock, valued at $54,563,250. This represents a 8.39% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 sale, the insider directly owned 702,786 shares of the company's stock, valued at $92,823,974.88. The trade was a 36.56% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,485,632 shares of company stock worth $191,222,623. Company insiders own 9.23% of the company's stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Piper Sandler assumed coverage on shares of Palantir Technologies in a research report on Friday. They set an "overweight" rating and a $170.00 price objective 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 reissued a "positive" rating on shares of Palantir Technologies in a research report on Wednesday, June 25th. Daiwa America raised shares of Palantir Technologies to a "hold" rating in a research report on Tuesday, April 1st. Finally, Mizuho raised shares of Palantir Technologies from an "underperform" rating to a "neutral" rating and boosted their price objective for the company from $116.00 to $135.00 in a research report on Wednesday, July 16th. Four equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, Palantir Technologies has a consensus rating of "Hold" and a consensus price target of $95.30.

Palantir Technologies Stock Up 2.6%

PLTR traded up $4.07 during midday trading on Friday, hitting $158.93. 51,188,664 shares of the company traded hands, compared to its average volume of 93,990,016. The firm has a market capitalization of $375.07 billion, a PE ratio of 691.06, a price-to-earnings-growth ratio of 13.20 and a beta of 2.59. The company's 50-day moving average is $136.44 and its 200 day moving average is $108.24. Palantir Technologies Inc. has a 52 week low of $21.23 and a 52 week high of $160.39.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last released 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 firm had revenue of $883.86 million during the quarter, compared to analyst estimates of $863.89 million. During the same quarter in the prior year, the firm earned $0.08 EPS. The business's revenue for the quarter was up 39.4% compared to the same quarter last year. On average, sell-side analysts predict that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

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.