Cooper Capital Advisors LLC Takes Position in Palantir Technologies Inc. (NASDAQ:PLTR)

Cooper Capital Advisors LLC acquired a new position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 2,570 shares of the company's stock, valued at approximately $217,000. Palantir Technologies accounts for approximately 0.2% of Cooper Capital Advisors LLC's portfolio, making the stock its 28th biggest holding.

A number of other institutional investors have also recently bought and sold shares of the business. Richardson Capital Management LLC bought a new position in shares of Palantir Technologies in the 1st quarter valued at approximately $33,000. Cornerstone Planning Group LLC boosted its stake in shares of Palantir Technologies by 90.2% in the 1st quarter. Cornerstone Planning Group LLC now owns 390 shares of the company's stock valued at $33,000 after purchasing an additional 185 shares in the last quarter. Summit Securities Group LLC acquired a new stake in shares of Palantir Technologies in the 4th quarter valued at $34,000. Atlantic Edge Private Wealth Management LLC raised its holdings in shares of Palantir Technologies by 45.5% in the first quarter. Atlantic Edge Private Wealth Management LLC now owns 400 shares of the company's stock valued at $34,000 after buying an additional 125 shares during the last quarter. Finally, Godsey & Gibb Inc. raised its holdings in shares of Palantir Technologies by 740.0% in the first quarter. Godsey & Gibb Inc. now owns 420 shares of the company's stock valued at $35,000 after buying an additional 370 shares during the last quarter. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Palantir Technologies Stock Performance

Shares of PLTR traded up $1.12 during mid-day trading on Friday, reaching $143.62. 37,911,228 shares of the company were exchanged, compared to its average volume of 82,977,163. Palantir Technologies Inc. has a 52 week low of $21.23 and a 52 week high of $148.22. The stock has a market capitalization of $338.92 billion, a PE ratio of 624.05, a PEG ratio of 12.22 and a beta of 2.59. The business has a 50 day simple moving average of $130.45 and a two-hundred day simple moving average of $103.25.

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

Insiders Place Their Bets

In related news, insider Shyam Sankar sold 405,000 shares of Palantir Technologies stock in a transaction that occurred on Tuesday, June 10th. The stock was sold at an average price of $132.08, for a total transaction of $53,492,400.00. Following the transaction, the insider owned 702,786 shares of the company's stock, valued at $92,823,974.88. The trade was a 36.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider David A. Glazer sold 3,418 shares of the company's stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $125.97, for a total value of $430,565.46. Following the completion of the transaction, the insider owned 492,079 shares of the company's stock, valued at $61,987,191.63. This trade represents a 0.69% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,451,497 shares of company stock valued at $186,110,685 in the last 90 days. Company insiders own 9.23% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on PLTR shares. Daiwa America upgraded Palantir Technologies to a "hold" rating in a research report on Tuesday, April 1st. Citigroup boosted their price objective on Palantir Technologies from $110.00 to $115.00 and gave the company a "neutral" rating in a research report on Thursday, May 8th. Wedbush reaffirmed an "outperform" rating on shares of Palantir Technologies in a research report on Thursday. UBS Group reiterated a "positive" rating on shares of Palantir Technologies in a research note on Wednesday, June 25th. Finally, DA Davidson upped their price objective on Palantir Technologies from $100.00 to $115.00 and gave the stock a "neutral" rating in a research note on Tuesday, May 6th. Five investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Palantir Technologies has an average rating of "Hold" and an average target price of $89.32.

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.