Capital Investment Advisors LLC Boosts Holdings in Palantir Technologies Inc. (NASDAQ:PLTR)

Capital Investment Advisors LLC raised its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 35.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,046 shares of the company's stock after purchasing an additional 5,783 shares during the period. Capital Investment Advisors LLC's holdings in Palantir Technologies were worth $1,861,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Roxbury Financial LLC purchased a new position in Palantir Technologies during the fourth quarter valued at $27,000. HighMark Wealth Management LLC lifted its stake in shares of Palantir Technologies by 73.5% in the fourth quarter. HighMark Wealth Management LLC now owns 392 shares of the company's stock worth $30,000 after buying an additional 166 shares in the last quarter. Sierra Ocean LLC purchased a new position in shares of Palantir Technologies in the fourth quarter worth about $31,000. Godsey & Gibb Inc. lifted its stake in shares of Palantir Technologies by 740.0% in the first quarter. Godsey & Gibb Inc. now owns 420 shares of the company's stock worth $35,000 after buying an additional 370 shares in the last quarter. Finally, First Command Advisory Services Inc. purchased a new position in shares of Palantir Technologies in the fourth quarter worth about $34,000. 45.65% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Palantir Technologies

In related news, insider Stephen Andrew Cohen sold 1,250,000 shares of Palantir Technologies stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $85.30, for a total value of $106,625,000.00. Following the completion of the transaction, the insider now owns 592 shares in the company, valued at approximately $50,497.60. The trade was a 99.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Alexander C. Karp sold 358,982 shares of Palantir Technologies stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $126.39, for a total transaction of $45,371,734.98. Following the completion of the transaction, the insider now owns 6,432,258 shares of the company's stock, valued at $812,973,088.62. This trade represents a 5.29% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 3,894,925 shares of company stock worth $369,820,528 over the last three months. Insiders own 9.23% of the company's stock.

Palantir Technologies Price Performance

Shares of PLTR opened at $127.72 on Monday. Palantir Technologies Inc. has a 1-year low of $21.23 and a 1-year high of $135.28. The stock has a market cap of $301.41 billion, a PE ratio of 672.25, a P/E/G ratio of 10.84 and a beta of 2.64. The firm has a 50-day simple moving average of $110.01 and a two-hundred day simple moving average of $92.58.

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 for the quarter, meeting analysts' consensus estimates of $0.13. Palantir Technologies had a net margin of 16.13% and a return on equity of 6.85%. The business had revenue of $883.86 million during the quarter, compared to analysts' expectations of $863.89 million. During the same period last year, the business earned $0.08 earnings per share. The business's revenue for the quarter was up 39.4% on a year-over-year basis. As a group, sell-side analysts expect that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Citigroup raised their price target on shares of Palantir Technologies from $110.00 to $115.00 and gave the stock a "neutral" rating in a research note on Thursday, May 8th. Loop Capital raised their price target on shares of Palantir Technologies from $125.00 to $130.00 and gave the stock a "buy" rating in a research note on Tuesday, May 6th. Daiwa America raised shares of Palantir Technologies to a "hold" rating in a research note on Tuesday, April 1st. DA Davidson raised their price target on shares of Palantir Technologies from $100.00 to $115.00 and gave the stock a "neutral" rating in a research note on Tuesday, May 6th. Finally, UBS Group raised their price target on shares of Palantir Technologies from $105.00 to $110.00 and gave the stock a "neutral" rating in a research note on Tuesday, May 6th. Five equities research analysts have rated the stock with a sell rating, fifteen have issued 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 an average rating of "Hold" and a consensus price target of $83.95.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.