Cwm LLC Increases Holdings in Palantir Technologies Inc. (NASDAQ:PLTR)

CWM LLC boosted its stake in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 26.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 193,302 shares of the company's stock after purchasing an additional 40,209 shares during the period. CWM LLC's holdings in Palantir Technologies were worth $16,315,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of PLTR. Sovran Advisors LLC grew its position in shares of Palantir Technologies by 1.8% in the 1st quarter. Sovran Advisors LLC now owns 5,453 shares of the company's stock worth $460,000 after buying an additional 94 shares during the last quarter. Lodestone Wealth Management LLC grew its position in shares of Palantir Technologies by 1.1% in the 1st quarter. Lodestone Wealth Management LLC now owns 8,950 shares of the company's stock worth $755,000 after buying an additional 97 shares during the last quarter. Continuum Advisory LLC grew its position in shares of Palantir Technologies by 3.8% in the 4th quarter. Continuum Advisory LLC now owns 2,670 shares of the company's stock worth $202,000 after buying an additional 98 shares during the last quarter. Kathmere Capital Management LLC grew its position in shares of Palantir Technologies by 0.5% in the 1st quarter. Kathmere Capital Management LLC now owns 18,145 shares of the company's stock worth $1,531,000 after buying an additional 99 shares during the last quarter. Finally, Sierra Ocean LLC boosted its position in shares of Palantir Technologies by 26.6% during the first quarter. Sierra Ocean LLC now owns 523 shares of the company's stock valued at $44,000 after purchasing an additional 110 shares in the last quarter. 45.65% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Morgan Stanley lifted their price target on Palantir Technologies from $90.00 to $98.00 and gave the company an "equal weight" rating in a research report on Tuesday, May 6th. The Goldman Sachs Group upped their price target on Palantir Technologies from $80.00 to $90.00 and gave the company a "neutral" rating in a report on Tuesday, May 6th. Wedbush set a $160.00 price target on Palantir Technologies in a report on Thursday, July 10th. UBS Group reaffirmed a "positive" rating on shares of Palantir Technologies in a report on Wednesday, June 25th. Finally, Citigroup upped their price target on Palantir Technologies from $110.00 to $115.00 and gave the company a "neutral" rating in a report on Thursday, May 8th. Four analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $91.37.

Insiders Place Their Bets

In other Palantir Technologies news, insider Ryan D. Taylor sold 33,335 shares of the firm's 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 completion of 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 through the SEC website. Also, Director Eric H. Woersching sold 10,214 shares of the firm's stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $130.95, for a total value of $1,337,523.30. Following the transaction, the director owned 2,348 shares of the company's stock, valued at approximately $307,470.60. This represents a 81.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,452,297 shares of company stock valued at $186,222,373. Insiders own 12.93% of the company's stock.

Palantir Technologies Price Performance

NASDAQ PLTR traded up $1.54 during trading hours on Wednesday, reaching $150.12. The company's stock had a trading volume of 32,866,224 shares, compared to its average volume of 83,164,061. The firm has a market capitalization of $354.26 billion, a price-to-earnings ratio of 652.67, a P/E/G ratio of 12.73 and a beta of 2.59. Palantir Technologies Inc. has a 1-year low of $21.23 and a 1-year high of $150.62. The company's 50-day moving average is $132.11 and its two-hundred day moving average is $104.76.

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

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.