Capital Investment Advisory Services LLC Buys 12,286 Shares of Palantir Technologies Inc. (NASDAQ:PLTR)

Capital Investment Advisory Services LLC boosted its position in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 100.2% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 24,550 shares of the company's stock after purchasing an additional 12,286 shares during the period. Capital Investment Advisory Services LLC's holdings in Palantir Technologies were worth $2,072,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Geode Capital Management LLC increased its holdings in shares of Palantir Technologies by 8.6% during the fourth quarter. Geode Capital Management LLC now owns 52,074,232 shares of the company's stock worth $3,929,401,000 after purchasing an additional 4,127,306 shares during the period. Northern Trust Corp increased its stake in shares of Palantir Technologies by 20.4% in the 4th quarter. Northern Trust Corp now owns 19,488,465 shares of the company's stock valued at $1,473,913,000 after purchasing an additional 3,299,779 shares during the last quarter. Norges Bank acquired a new stake in shares of Palantir Technologies during the 4th quarter valued at $1,360,191,000. FMR LLC boosted its holdings in shares of Palantir Technologies by 22.6% during the 4th quarter. FMR LLC now owns 15,296,371 shares of the company's stock valued at $1,156,864,000 after acquiring an additional 2,818,090 shares in the last quarter. Finally, Invesco Ltd. boosted its holdings in shares of Palantir Technologies by 31.2% during the 4th quarter. Invesco Ltd. now owns 14,748,240 shares of the company's stock valued at $1,115,409,000 after acquiring an additional 3,509,311 shares in the last quarter. 45.65% of the stock is owned by institutional investors.

Insider Transactions at Palantir Technologies

In other news, insider Shyam Sankar sold 405,000 shares of the company's 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 transaction, the insider owned 702,786 shares of the company's stock, valued at approximately $92,823,974.88. This represents a 36.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider David A. Glazer sold 30,812 shares of the firm's stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $126.39, for a total value of $3,894,328.68. Following the sale, the insider owned 495,497 shares in the company, valued at $62,625,865.83. The trade was a 5.85% 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. Corporate insiders own 9.23% of the company's stock.

Palantir Technologies Stock Up 1.6%

Palantir Technologies stock traded up $2.15 during trading on Friday, hitting $134.27. The stock had a trading volume of 41,812,483 shares, compared to its average volume of 83,051,463. Palantir Technologies Inc. has a 1 year low of $21.23 and a 1 year high of $148.22. The stock's 50 day moving average is $128.47 and its two-hundred day moving average is $101.48. The stock has a market cap of $316.85 billion, a price-to-earnings ratio of 583.76, a price-to-earnings-growth ratio of 11.47 and a beta of 2.59.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last posted its earnings results on Monday, May 5th. The company reported $0.13 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.13. The firm 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%. The business's quarterly revenue was up 39.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.08 earnings per share. As a group, equities research analysts anticipate that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Loop Capital set a $155.00 target price on Palantir Technologies and gave the stock a "buy" rating in a report on Thursday, June 12th. Deutsche Bank Aktiengesellschaft reissued a "sell" rating on shares of Palantir Technologies in a research note on Tuesday, May 6th. Citigroup boosted their target price on Palantir Technologies from $110.00 to $115.00 and gave the company a "neutral" rating in a research report on Thursday, May 8th. Royal Bank Of Canada reaffirmed an "underperform" rating on shares of Palantir Technologies in a research report on Tuesday, May 6th. Finally, Mizuho boosted 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 equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $89.32.

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.