Palantir Technologies Inc. (NASDAQ:PLTR) Shares Acquired by Capital Investment Advisory Services LLC

Capital Investment Advisory Services LLC lifted its position in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 100.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 24,550 shares of the company's stock after acquiring an additional 12,286 shares during the quarter. Capital Investment Advisory Services LLC's holdings in Palantir Technologies were worth $2,072,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Richardson Capital Management LLC bought a new stake in Palantir Technologies during the 1st quarter valued at about $33,000. Summit Securities Group LLC bought a new stake in Palantir Technologies during the 4th quarter valued at about $34,000. Fairfield Financial Advisors LTD bought a new stake in Palantir Technologies during the 4th quarter valued at about $35,000. Godsey & Gibb Inc. lifted its holdings in Palantir Technologies by 740.0% during the 1st quarter. Godsey & Gibb Inc. now owns 420 shares of the company's stock valued at $35,000 after buying an additional 370 shares in the last quarter. Finally, Runnymede Capital Advisors Inc. bought a new stake in Palantir Technologies during the 4th quarter valued at about $36,000. Institutional investors own 45.65% of the company's stock.

Insider Activity at Palantir Technologies

In related news, insider Ryan D. Taylor sold 33,335 shares of the 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 sale, the insider owned 363,755 shares of the company's stock, valued at $49,219,689.05. This trade represents a 8.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Shyam Sankar sold 405,000 shares of the stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $132.08, for a total value of $53,492,400.00. Following the sale, the insider directly owned 702,786 shares in the company, valued at approximately $92,823,974.88. The trade was a 36.56% decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,451,497 shares of company stock valued at $186,110,685 in the last 90 days. 12.93% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have commented on PLTR. Mizuho raised their target price on shares of Palantir Technologies from $94.00 to $116.00 and gave the company an "underperform" rating in a research report on Wednesday, June 11th. Wedbush set a $140.00 target price on shares of Palantir Technologies and gave the company an "outperform" rating in a research report on Tuesday, May 6th. Daiwa America raised shares of Palantir Technologies to a "hold" rating in a research report on Tuesday, April 1st. Loop Capital set a $155.00 target price on shares of Palantir Technologies and gave the company a "buy" rating in a research report on Thursday, June 12th. Finally, DA Davidson raised their target price 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. Five equities 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 data from MarketBeat, Palantir Technologies currently has an average rating of "Hold" and a consensus target price of $89.32.

Palantir Technologies Price Performance

PLTR traded up $0.59 during trading on Tuesday, reaching $139.71. 59,671,979 shares of the stock were exchanged, compared to its average volume of 83,007,991. The business's 50 day moving average price is $129.43 and its two-hundred day moving average price is $102.55. The company has a market capitalization of $329.70 billion, a price-to-earnings ratio of 607.43, a P/E/G ratio of 11.88 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 earnings results on Monday, May 5th. The company reported $0.13 EPS for the quarter, hitting analysts' consensus estimates of $0.13. The company had revenue of $883.86 million for the quarter, compared to the consensus estimate of $863.89 million. Palantir Technologies had a return on equity of 6.55% and a net margin of 18.32%. Palantir Technologies's quarterly revenue was up 39.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.08 earnings per share. On average, analysts anticipate that Palantir Technologies Inc. will post 0.31 EPS for the current year.

About Palantir Technologies

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.