Astoria Portfolio Advisors LLC. Buys New Stake in Palantir Technologies Inc. (NASDAQ:PLTR)

Astoria Portfolio Advisors LLC. purchased a new position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 3,142 shares of the company's stock, valued at approximately $265,000.

Several other large investors have also recently added to or reduced their stakes in PLTR. Revolve Wealth Partners LLC acquired a new stake in shares of Palantir Technologies in the fourth quarter valued at about $450,000. Flputnam Investment Management Co. boosted its holdings in Palantir Technologies by 3.4% in the 4th quarter. Flputnam Investment Management Co. now owns 8,686 shares of the company's stock worth $657,000 after acquiring an additional 287 shares during the period. Fisher Asset Management LLC purchased a new position in Palantir Technologies in the 4th quarter worth approximately $647,000. Kohmann Bosshard Financial Services LLC acquired a new stake in Palantir Technologies in the fourth quarter valued at approximately $46,000. Finally, Norden Group LLC purchased a new stake in shares of Palantir Technologies during the fourth quarter valued at approximately $397,000. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Palantir Technologies Price Performance

PLTR traded up $2.15 during trading hours on Friday, hitting $134.27. 41,812,483 shares of the stock were exchanged, compared to its average volume of 82,906,073. Palantir Technologies Inc. has a 12 month low of $21.23 and a 12 month high of $148.22. The stock has a 50-day simple moving average of $128.04 and a 200-day simple moving average of $101.06. The stock has a market cap of $316.85 billion, a price-to-earnings ratio of 583.76, a price-to-earnings-growth ratio of 11.28 and a beta of 2.59.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last posted 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 business had revenue of $883.86 million during the quarter, compared to analyst estimates of $863.89 million. During the same period in the previous year, the business posted $0.08 EPS. The company's quarterly revenue was up 39.4% on a year-over-year basis. Sell-side analysts expect that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Morgan Stanley upped their target price on shares of Palantir Technologies from $90.00 to $98.00 and gave the company an "equal weight" rating in a research note on Tuesday, May 6th. Loop Capital set a $155.00 price objective on shares of Palantir Technologies and gave the stock a "buy" rating in a report on Thursday, June 12th. Deutsche Bank Aktiengesellschaft reissued a "sell" rating on shares of Palantir Technologies in a research report on Tuesday, May 6th. Citigroup lifted their target price on Palantir Technologies from $110.00 to $115.00 and gave the stock a "neutral" rating in a research report on Thursday, May 8th. Finally, UBS Group reiterated a "positive" rating on shares of Palantir Technologies in a research note on Wednesday, June 25th. Five research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $89.32.

Insider Buying and Selling

In other news, insider Alexander C. Karp sold 358,982 shares of the stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $126.39, for a total transaction of $45,371,734.98. Following the sale, the insider directly owned 6,432,258 shares in the company, valued at approximately $812,973,088.62. This represents a 5.29% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Stephen Andrew Cohen sold 309,696 shares of the company's stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $126.39, for a total value of $39,142,477.44. Following the transaction, the insider owned 592 shares of the company's stock, valued at approximately $74,822.88. The trade was a 99.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,451,497 shares of company stock valued at $186,110,685 over the last 90 days. 9.23% of the stock is owned by corporate 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.