D.A. Davidson & CO. Purchases 3,013 Shares of Palantir Technologies Inc. (NASDAQ:PLTR)

D.A. Davidson & CO. increased its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 4.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 74,851 shares of the company's stock after acquiring an additional 3,013 shares during the period. D.A. Davidson & CO.'s holdings in Palantir Technologies were worth $6,317,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the business. Xcel Wealth Management LLC lifted its stake in shares of Palantir Technologies by 5.3% in the 1st quarter. Xcel Wealth Management LLC now owns 19,501 shares of the company's stock valued at $1,646,000 after acquiring an additional 985 shares during the last quarter. Capstone Wealth Management Group LLC increased its holdings in Palantir Technologies by 38.0% in the 1st quarter. Capstone Wealth Management Group LLC now owns 17,147 shares of the company's stock worth $1,447,000 after purchasing an additional 4,722 shares in the last quarter. Resonant Capital Advisors LLC raised its position in Palantir Technologies by 23.6% in the first quarter. Resonant Capital Advisors LLC now owns 3,927 shares of the company's stock valued at $331,000 after purchasing an additional 751 shares during the last quarter. Teacher Retirement System of Texas raised its position in Palantir Technologies by 43.0% in the first quarter. Teacher Retirement System of Texas now owns 745,044 shares of the company's stock valued at $62,882,000 after purchasing an additional 224,146 shares during the last quarter. Finally, Lodestone Wealth Management LLC boosted its stake in shares of Palantir Technologies by 1.1% during the first quarter. Lodestone Wealth Management LLC now owns 8,950 shares of the company's stock valued at $755,000 after purchasing an additional 97 shares in the last quarter. Institutional investors and hedge funds own 45.65% of the company's stock.

Palantir Technologies Price Performance

Shares of PLTR traded up $2.15 during trading hours on Friday, hitting $134.27. The stock had a trading volume of 41,812,483 shares, compared to its average volume of 82,906,073. Palantir Technologies Inc. has a 1-year low of $21.23 and a 1-year high of $148.22. The firm has a market capitalization of $316.85 billion, a P/E ratio of 583.76, a price-to-earnings-growth ratio of 11.47 and a beta of 2.59. The firm has a 50 day simple moving average of $128.47 and a 200-day simple moving average of $101.48.

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

Analyst Upgrades and Downgrades

PLTR has been the subject of a number of research reports. Wedbush set a $140.00 price objective on shares of Palantir Technologies and gave the company an "outperform" rating in a report on Tuesday, May 6th. Daiwa America raised shares of Palantir Technologies to a "hold" rating in a research note on Tuesday, April 1st. Loop Capital set a $155.00 price objective on shares of Palantir Technologies and gave the stock a "buy" rating in a research note on Thursday, June 12th. Daiwa Capital Markets began coverage on Palantir Technologies in a report on Tuesday, April 1st. They issued a "neutral" rating and a $90.00 price objective for the company. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "sell" rating on shares of Palantir Technologies in a research report on Tuesday, May 6th. Five investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $89.32.

Insider Transactions at Palantir Technologies

In other news, insider Shyam Sankar sold 405,000 shares of the business's stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $132.08, for a total transaction of $53,492,400.00. Following the completion of the sale, the insider directly 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider David A. Glazer sold 30,812 shares of Palantir Technologies 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 transaction, the insider owned 495,497 shares of the company's stock, valued at $62,625,865.83. This trade represents a 5.85% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders 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 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.