Creekmur Asset Management LLC Acquires 4,381 Shares of Palantir Technologies Inc. (NASDAQ:PLTR)

Creekmur Asset Management LLC raised its holdings in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 60.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,642 shares of the company's stock after buying an additional 4,381 shares during the quarter. Creekmur Asset Management LLC's holdings in Palantir Technologies were worth $983,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Revolve Wealth Partners LLC bought a new stake in shares of Palantir Technologies in the 4th quarter worth about $450,000. Proficio Capital Partners LLC bought a new stake in shares of Palantir Technologies in the 4th quarter worth about $522,000. Envestnet Portfolio Solutions Inc. grew its holdings in shares of Palantir Technologies by 17.4% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 26,829 shares of the company's stock worth $2,029,000 after purchasing an additional 3,973 shares during the last quarter. Thrivent Financial for Lutherans grew its holdings in shares of Palantir Technologies by 0.7% in the 4th quarter. Thrivent Financial for Lutherans now owns 92,313 shares of the company's stock worth $6,900,000 after purchasing an additional 657 shares during the last quarter. Finally, Advisors Asset Management Inc. grew its holdings in shares of Palantir Technologies by 54.7% in the 4th quarter. Advisors Asset Management Inc. now owns 83,014 shares of the company's stock worth $6,278,000 after purchasing an additional 29,349 shares during the last quarter. Institutional investors own 45.65% of the company's stock.

Palantir Technologies Stock Performance

Shares of PLTR opened at $153.84 on Friday. Palantir Technologies Inc. has a twelve month low of $21.23 and a twelve month high of $155.68. The firm's 50 day moving average price is $133.61 and its two-hundred day moving average price is $105.61. The firm has a market cap of $363.05 billion, a P/E ratio of 668.24, a PEG ratio of 12.88 and a beta of 2.59.

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 18.32% and a return on equity of 6.55%. The firm had revenue of $883.86 million for the quarter, compared to analyst estimates of $863.89 million. During the same quarter in the previous year, the firm posted $0.08 earnings per share. The business's revenue was up 39.4% on a year-over-year basis. On average, sell-side analysts anticipate that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Lauren Elaina Friedman Stat sold 800 shares of the firm's stock in a transaction on Wednesday, July 9th. The shares were sold at an average price of $139.61, for a total value of $111,688.00. Following the completion of the transaction, the director directly owned 62,887 shares of the company's stock, valued at approximately $8,779,654.07. This trade represents a 1.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Shyam Sankar sold 405,000 shares of Palantir Technologies stock in a transaction 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 directly owned 702,786 shares of the company's stock, valued at approximately $92,823,974.88. This trade represents a 36.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,485,632 shares of company stock valued at $191,222,623 over the last ninety days. Insiders own 9.23% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on PLTR shares. Royal Bank Of Canada reaffirmed an "underperform" rating on shares of Palantir Technologies in a report on Tuesday, May 6th. The Goldman Sachs Group increased their price objective on shares of Palantir Technologies from $80.00 to $90.00 and gave the stock a "neutral" rating in a report on Tuesday, May 6th. Cantor Fitzgerald increased their price objective on shares of Palantir Technologies from $98.00 to $110.00 and gave the stock a "neutral" rating in a report on Tuesday, May 6th. Loop Capital set a $155.00 price objective on shares of Palantir Technologies and gave the stock a "buy" rating in a report on Thursday, June 12th. Finally, Deutsche Bank Aktiengesellschaft reissued a "sell" rating on shares of Palantir Technologies in a report on Tuesday, May 6th. Four research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat, Palantir Technologies presently has a consensus rating of "Hold" and an average target price of $91.37.

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.

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