Avior Wealth Management LLC Buys 4,897 Shares of Palantir Technologies Inc. (NASDAQ:PLTR)

Avior Wealth Management LLC increased its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 63.7% in the first quarter, according to its most recent filing with the SEC. The fund owned 12,581 shares of the company's stock after acquiring an additional 4,897 shares during the period. Avior Wealth Management LLC's holdings in Palantir Technologies were worth $1,062,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. First Command Advisory Services Inc. bought a new stake in shares of Palantir Technologies during the 4th quarter worth approximately $34,000. Summit Securities Group LLC bought a new stake in shares of Palantir Technologies during the 4th quarter worth approximately $34,000. Fairfield Financial Advisors LTD bought a new stake in shares of Palantir Technologies during the 4th quarter worth approximately $35,000. Godsey & Gibb Inc. lifted its stake in shares of Palantir Technologies by 740.0% during the 1st quarter. Godsey & Gibb Inc. now owns 420 shares of the company's stock worth $35,000 after acquiring an additional 370 shares during the last quarter. Finally, Runnymede Capital Advisors Inc. bought a new stake in shares of Palantir Technologies during the 4th quarter worth approximately $36,000. 45.65% of the stock is owned by institutional investors.

Palantir Technologies Trading Down 1.9%

Shares of NASDAQ:PLTR opened at $137.30 on Friday. Palantir Technologies Inc. has a 12-month low of $21.23 and a 12-month high of $144.86. The business's fifty day simple moving average is $120.65 and its 200-day simple moving average is $97.09. The company has a market capitalization of $324.02 billion, a PE ratio of 596.96, a P/E/G ratio of 11.95 and a beta of 2.64.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last announced its quarterly earnings results on Monday, May 5th. The company reported $0.13 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates 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 business's revenue was up 39.4% compared to the same quarter last year. Research analysts predict that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on PLTR. Royal Bank Of Canada reissued an "underperform" rating on shares of Palantir Technologies in a research note on Tuesday, May 6th. Loop Capital set a $155.00 target price on Palantir Technologies and gave the company a "buy" rating in a research report on Thursday, June 12th. Daiwa America raised Palantir Technologies to a "hold" rating in a research report on Tuesday, April 1st. William Blair set a $84.00 target price on Palantir Technologies in a research report on Wednesday, March 5th. Finally, Citigroup lifted their target price on Palantir Technologies from $110.00 to $115.00 and gave the company a "neutral" rating in a research report on Thursday, May 8th. Five investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $89.32.

Insider Buying and Selling

In related news, Director Lauren Elaina Friedman Stat sold 800 shares of the business's stock in a transaction on Thursday, April 3rd. The stock was sold at an average price of $81.25, for a total transaction of $65,000.00. Following the transaction, the director now directly owns 61,339 shares in the company, valued at $4,983,793.75. The trade was a 1.29% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Eric H. Woersching sold 17,000 shares of the business's stock in a transaction on Monday, June 9th. The stock was sold at an average price of $129.29, for a total value of $2,197,930.00. Following the transaction, the director now owns 12,562 shares in the company, valued at approximately $1,624,140.98. This trade represents a 57.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,506,925 shares of company stock worth $188,456,658 in the last ninety days. 9.23% of the stock is owned by insiders.

Palantir Technologies 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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