Cerity Partners LLC Has $60.91 Million Stock Holdings in Palantir Technologies Inc. (NASDAQ:PLTR)

Cerity Partners LLC increased its holdings in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 17.7% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 741,836 shares of the company's stock after purchasing an additional 111,748 shares during the period. Cerity Partners LLC's holdings in Palantir Technologies were worth $60,911,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of PLTR. Financial Gravity Asset Management Inc. purchased a new stake in Palantir Technologies in the first quarter worth about $143,000. Round Rock Advisors LLC purchased a new stake in shares of Palantir Technologies during the first quarter valued at about $368,000. Allworth Financial LP lifted its position in shares of Palantir Technologies by 1.7% during the first quarter. Allworth Financial LP now owns 35,182 shares of the company's stock valued at $2,969,000 after buying an additional 598 shares during the last quarter. CFO4Life Group LLC raised its position in shares of Palantir Technologies by 4.7% in the 1st quarter. CFO4Life Group LLC now owns 7,262 shares of the company's stock valued at $613,000 after purchasing an additional 327 shares during the last quarter. Finally, Cooper Capital Advisors LLC acquired a new position in Palantir Technologies in the 1st quarter worth approximately $217,000. Institutional investors own 45.65% of the company's stock.

Palantir Technologies Stock Performance

Palantir Technologies stock traded down $0.57 on Tuesday, reaching $148.58. The company's stock had a trading volume of 58,701,015 shares, compared to its average volume of 83,222,809. The company has a market cap of $350.64 billion, a price-to-earnings ratio of 646.00, a PEG ratio of 12.13 and a beta of 2.59. The business's fifty day moving average price is $131.31 and its 200 day moving average price is $104.45. Palantir Technologies Inc. has a twelve month low of $21.23 and a twelve month high of $150.57.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last released its quarterly earnings results on Monday, May 5th. The company reported $0.13 earnings per share for the quarter, hitting the consensus estimate of $0.13. The business had revenue of $883.86 million during the quarter, compared to analysts' expectations of $863.89 million. Palantir Technologies had a return on equity of 6.55% and a net margin of 18.32%. The firm's revenue for the quarter was up 39.4% compared to the same quarter last year. During the same period last year, the firm posted $0.08 EPS. As a group, equities analysts forecast that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Wedbush set a $160.00 target price on Palantir Technologies in a research report on Thursday. The Goldman Sachs Group raised their price objective on Palantir Technologies from $80.00 to $90.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 6th. Loop Capital set a $155.00 target price on Palantir Technologies and gave the company a "buy" rating in a research report on Thursday, June 12th. Mizuho lifted their target price on Palantir Technologies from $94.00 to $116.00 and gave the company an "underperform" rating in a research report on Wednesday, June 11th. Finally, UBS Group reaffirmed a "positive" rating on shares of Palantir Technologies in a research report on Wednesday, June 25th. Five 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.com, the company has a consensus rating of "Hold" and a consensus price target of $90.37.

Insider Activity

In related news, insider Ryan D. Taylor sold 35,480 shares of the firm's stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $126.39, for a total transaction of $4,484,317.20. Following the sale, the insider owned 367,691 shares of the company's stock, valued at $46,472,465.49. This trade represents a 8.80% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Stephen Andrew Cohen sold 309,696 shares of the firm's stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of $126.39, for a total value of $39,142,477.44. Following the sale, the insider directly owned 592 shares in the company, valued at approximately $74,822.88. This trade represents a 99.81% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,452,297 shares of company stock worth $186,222,373. 12.93% of the stock is currently owned by insiders.

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.