BHK Investment Advisors LLC Purchases Shares of 2,425 Palantir Technologies Inc. (NASDAQ:PLTR)

BHK Investment Advisors LLC bought a new stake in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 2,425 shares of the company's stock, valued at approximately $205,000.

A number of other institutional investors also recently modified their holdings of the company. Sovran Advisors LLC boosted its stake in shares of Palantir Technologies by 1.8% during the 1st quarter. Sovran Advisors LLC now owns 5,453 shares of the company's stock worth $460,000 after acquiring an additional 94 shares in the last quarter. Lodestone Wealth Management LLC grew its holdings in shares of Palantir Technologies by 1.1% during the first quarter. Lodestone Wealth Management LLC now owns 8,950 shares of the company's stock worth $755,000 after buying an additional 97 shares in the last quarter. Continuum Advisory LLC raised its holdings in Palantir Technologies by 3.8% in the 4th quarter. Continuum Advisory LLC now owns 2,670 shares of the company's stock valued at $202,000 after acquiring an additional 98 shares during the last quarter. Kathmere Capital Management LLC lifted its position in Palantir Technologies by 0.5% during the first quarter. Kathmere Capital Management LLC now owns 18,145 shares of the company's stock worth $1,531,000 after buying an additional 99 shares in the last quarter. Finally, Key Financial Inc boosted its position in shares of Palantir Technologies by 0.5% during the 1st quarter. Key Financial Inc now owns 21,586 shares of the company's stock valued at $1,822,000 after acquiring an additional 100 shares during the last quarter. 45.65% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Palantir Technologies

In other Palantir Technologies news, insider Ryan D. Taylor sold 33,335 shares of the business's stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $135.31, for a total value of $4,510,558.85. Following the sale, the insider owned 363,755 shares in the company, valued at approximately $49,219,689.05. The trade was a 8.39% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider David A. Glazer sold 3,418 shares of the firm's stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $125.97, for a total value of $430,565.46. Following the completion of the transaction, the insider owned 492,079 shares of the company's stock, valued at $61,987,191.63. The trade was a 0.69% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,452,297 shares of company stock worth $186,222,373. 12.93% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on PLTR. UBS Group reissued a "positive" rating on shares of Palantir Technologies in a research report on Wednesday, June 25th. Wedbush set a $160.00 price target on Palantir Technologies in a report on Thursday. DA Davidson increased their price objective on shares of Palantir Technologies from $100.00 to $115.00 and gave the company a "neutral" rating in a research report on Tuesday, May 6th. The Goldman Sachs Group boosted their target price on Palantir Technologies from $80.00 to $90.00 and gave the stock a "neutral" rating in a research note on Tuesday, May 6th. Finally, Mizuho raised their price objective on Palantir Technologies from $94.00 to $116.00 and gave the stock an "underperform" rating in a report on Wednesday, June 11th. Five research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $90.37.

Palantir Technologies Stock Down 0.3%

Shares of PLTR stock opened at $142.10 on Monday. The stock has a 50 day moving average of $130.81 and a 200-day moving average of $103.96. Palantir Technologies Inc. has a 12 month low of $21.23 and a 12 month high of $148.22. The firm has a market cap of $335.34 billion, a PE ratio of 617.83, a price-to-earnings-growth ratio of 12.13 and a beta of 2.59.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last issued its earnings results on Monday, May 5th. The company reported $0.13 earnings per share (EPS) for the quarter, hitting 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 during the quarter, compared to analysts' expectations of $863.89 million. During the same period in the prior year, the firm posted $0.08 EPS. Palantir Technologies's quarterly revenue was up 39.4% compared to the same quarter last year. As a group, equities analysts predict that Palantir Technologies Inc. will post 0.31 EPS 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.

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