Capital Advisors Inc. OK Purchases 2,722 Shares of Palantir Technologies Inc. (NASDAQ:PLTR)

Capital Advisors Inc. OK raised its holdings in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 12.3% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 24,941 shares of the company's stock after acquiring an additional 2,722 shares during the quarter. Capital Advisors Inc. OK's holdings in Palantir Technologies were worth $2,105,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of PLTR. Sovran Advisors LLC increased its stake in shares of Palantir Technologies by 1.8% in the first quarter. Sovran Advisors LLC now owns 5,453 shares of the company's stock worth $460,000 after acquiring an additional 94 shares during the last quarter. Lodestone Wealth Management LLC raised its stake in Palantir Technologies by 1.1% during the 1st quarter. Lodestone Wealth Management LLC now owns 8,950 shares of the company's stock valued at $755,000 after purchasing an additional 97 shares during the last quarter. Continuum Advisory LLC lifted its stake in Palantir Technologies by 3.8% during the fourth quarter. Continuum Advisory LLC now owns 2,670 shares of the company's stock worth $202,000 after purchasing an additional 98 shares during the period. Sierra Ocean LLC grew its stake in Palantir Technologies by 26.6% during the first quarter. Sierra Ocean LLC now owns 523 shares of the company's stock worth $44,000 after buying an additional 110 shares during the last quarter. Finally, Heritage Wealth Management Inc. CA increased its stake in shares of Palantir Technologies by 0.4% in the fourth quarter. Heritage Wealth Management Inc. CA now owns 29,024 shares of the company's stock valued at $2,195,000 after buying an additional 111 shares in the last quarter. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Stephen Andrew Cohen sold 34,357 shares of the business's stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $125.96, for a total value of $4,327,607.72. Following the sale, the insider directly owned 592 shares of the company's stock, valued at $74,568.32. The trade was a 98.31% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Eric H. Woersching sold 10,214 shares of Palantir Technologies 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 transaction, the director owned 2,348 shares of the company's stock, valued at $307,470.60. The trade was a 81.31% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,451,497 shares of company stock valued at $186,110,685. Insiders own 12.93% of the company's stock.

Analyst Upgrades and Downgrades

PLTR has been the subject of several research analyst reports. The Goldman Sachs Group boosted their price target on shares of Palantir Technologies from $80.00 to $90.00 and gave the company a "neutral" rating in a report on Tuesday, May 6th. Daiwa America raised shares of Palantir Technologies to a "hold" rating in a report on Tuesday, April 1st. Mizuho increased their target price on Palantir Technologies from $94.00 to $116.00 and gave the stock an "underperform" rating in a report on Wednesday, June 11th. Cantor Fitzgerald lifted their price target on shares of Palantir Technologies from $98.00 to $110.00 and gave the company a "neutral" rating in a report on Tuesday, May 6th. Finally, Daiwa Capital Markets began coverage on Palantir Technologies in a research report on Tuesday, April 1st. They set a "neutral" rating and a $90.00 price objective for the company. Five analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $89.32.

Palantir Technologies Stock Performance

Shares of PLTR traded up $4.76 on Monday, reaching $139.12. The stock had a trading volume of 71,672,412 shares, compared to its average volume of 83,006,267. Palantir Technologies Inc. has a 12-month low of $21.23 and a 12-month high of $148.22. The firm has a market capitalization of $328.31 billion, a price-to-earnings ratio of 604.87, a price-to-earnings-growth ratio of 11.47 and a beta of 2.59. The company has a 50-day simple moving average of $128.47 and a 200-day simple moving average of $101.88.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last announced its quarterly earnings data on Monday, May 5th. The company reported $0.13 EPS for the quarter, meeting the consensus estimate 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 analyst estimates of $863.89 million. During the same quarter last year, the firm posted $0.08 earnings per share. The company's revenue for the quarter was up 39.4% on a year-over-year basis. On average, analysts expect that Palantir Technologies Inc. will post 0.31 EPS 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.