B & T Capital Management DBA Alpha Capital Management Has $3.59 Million Holdings in Palantir Technologies Inc. (NASDAQ:PLTR)

B & T Capital Management DBA Alpha Capital Management boosted its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 247.5% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 42,567 shares of the company's stock after buying an additional 30,316 shares during the quarter. B & T Capital Management DBA Alpha Capital Management's holdings in Palantir Technologies were worth $3,593,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in PLTR. Riversedge Advisors LLC grew its position in shares of Palantir Technologies by 7.7% in the 1st quarter. Riversedge Advisors LLC now owns 20,555 shares of the company's stock valued at $1,735,000 after buying an additional 1,469 shares during the last quarter. Martin Capital Advisors LLP purchased a new stake in shares of Palantir Technologies in the first quarter valued at about $206,000. Fortem Financial Group LLC boosted its holdings in shares of Palantir Technologies by 13.1% in the first quarter. Fortem Financial Group LLC now owns 85,339 shares of the company's stock valued at $7,203,000 after acquiring an additional 9,909 shares in the last quarter. Harmony Asset Management LLC purchased a new stake in shares of Palantir Technologies in the first quarter valued at about $218,000. Finally, Cromwell Holdings LLC lifted its stake in shares of Palantir Technologies by 86.1% in the first quarter. Cromwell Holdings LLC now owns 6,647 shares of the company's stock valued at $561,000 after purchasing an additional 3,076 shares during the period. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

PLTR has been the subject of a number of research reports. Loop Capital set a $155.00 target price on shares of Palantir Technologies and gave the stock a "buy" rating in a research report on Thursday, June 12th. The Goldman Sachs Group lifted their target price on shares of Palantir Technologies from $80.00 to $90.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 6th. Mizuho lifted their price target on shares of Palantir Technologies from $94.00 to $116.00 and gave the stock an "underperform" rating in a report on Wednesday, June 11th. Daiwa America upgraded shares of Palantir Technologies to a "hold" rating in a report on Tuesday, April 1st. Finally, Royal Bank Of Canada restated an "underperform" rating on shares of Palantir Technologies in a report on Tuesday, May 6th. Five investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four 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.

Insiders Place Their Bets

In other news, Director Eric H. Woersching sold 10,214 shares of the business's stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $130.95, for a total value of $1,337,523.30. Following the completion of the sale, the director directly owned 2,348 shares in the company, valued at approximately $307,470.60. The trade was a 81.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Ryan D. Taylor sold 33,335 shares of the business's stock in a transaction 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 completion of the sale, the insider owned 363,755 shares of the company's stock, valued at $49,219,689.05. The trade was a 8.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,452,297 shares of company stock valued at $186,222,373 in the last three months. Company insiders own 9.23% of the company's stock.

Palantir Technologies Stock Down 0.3%

Shares of Palantir Technologies stock traded down $0.40 during trading on Friday, hitting $142.10. The stock had a trading volume of 52,005,962 shares, compared to its average volume of 83,116,240. The stock has a 50 day simple moving average of $130.81 and a 200 day simple moving average of $103.66. The company has a market capitalization of $335.34 billion, a PE ratio of 617.83, a P/E/G ratio of 12.16 and a beta of 2.59. Palantir Technologies Inc. has a 1 year low of $21.23 and a 1 year high of $148.22.

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, hitting the consensus estimate of $0.13. The business had revenue of $883.86 million during the quarter, compared to analysts' expectations of $863.89 million. Palantir Technologies had a net margin of 18.32% and a return on equity of 6.55%. The firm's quarterly revenue was up 39.4% compared to the same quarter last year. During the same period last year, the company posted $0.08 earnings per share. As a group, equities analysts expect that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

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.