Enclave Advisors LLC Buys 5,624 Shares of Palantir Technologies Inc. (NASDAQ:PLTR)

Enclave Advisors LLC increased its stake in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 16.0% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 40,863 shares of the company's stock after acquiring an additional 5,624 shares during the quarter. Enclave Advisors LLC's holdings in Palantir Technologies were worth $3,449,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Continuum Advisory LLC grew its position in Palantir Technologies by 3.8% in the 4th quarter. Continuum Advisory LLC now owns 2,670 shares of the company's stock valued at $202,000 after purchasing an additional 98 shares during the period. Heritage Wealth Management Inc. CA grew its position in Palantir Technologies by 0.4% in the 4th quarter. Heritage Wealth Management Inc. CA now owns 29,024 shares of the company's stock valued at $2,195,000 after purchasing an additional 111 shares during the period. True Wealth Design LLC grew its position in Palantir Technologies by 29.3% in the 4th quarter. True Wealth Design LLC now owns 503 shares of the company's stock valued at $38,000 after purchasing an additional 114 shares during the period. Westover Capital Advisors LLC grew its position in Palantir Technologies by 1.8% in the 4th quarter. Westover Capital Advisors LLC now owns 7,330 shares of the company's stock valued at $554,000 after purchasing an additional 130 shares during the period. Finally, Twin Peaks Wealth Advisors LLC grew its position in Palantir Technologies by 2.2% in the 4th quarter. Twin Peaks Wealth Advisors LLC now owns 6,523 shares of the company's stock valued at $493,000 after purchasing an additional 139 shares during the period. Institutional investors own 45.65% of the company's stock.

Palantir Technologies Trading Up 6.5%

Shares of NASDAQ:PLTR traded up $7.81 during midday trading on Friday, reaching $127.72. The company had a trading volume of 86,933,462 shares, compared to its average volume of 79,886,273. Palantir Technologies Inc. has a 52-week low of $21.23 and a 52-week high of $135.28. The company's 50 day moving average price is $109.15 and its 200 day moving average price is $91.71. The stock has a market cap of $301.41 billion, a P/E ratio of 672.25, a P/E/G ratio of 10.84 and a beta of 2.64.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last announced its quarterly earnings data on Monday, May 5th. The company reported $0.13 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.13. Palantir Technologies had a return on equity of 6.85% and a net margin of 16.13%. The business had revenue of $883.86 million for the quarter, compared to analysts' expectations of $863.89 million. During the same period in the previous year, the business posted $0.08 EPS. The firm's quarterly revenue was up 39.4% compared to the same quarter last year. Research analysts forecast that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Insider Activity at Palantir Technologies

In other Palantir Technologies news, Director Lauren Elaina Friedman Stat sold 800 shares of the firm's stock in a transaction on Thursday, April 3rd. The shares were sold at an average price of $81.25, for a total value of $65,000.00. Following the completion of the transaction, the director now directly owns 61,339 shares of the company's stock, valued at $4,983,793.75. This trade represents a 1.29% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Ryan D. Taylor sold 3,936 shares of the firm's stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $125.97, for a total transaction of $495,817.92. Following the completion of the transaction, the insider now directly owns 363,755 shares of the company's stock, valued at approximately $45,822,217.35. The trade was a 1.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 3,894,925 shares of company stock worth $369,820,528. Company insiders own 9.23% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a "sell" rating on shares of Palantir Technologies in a report on Tuesday, May 6th. Citigroup lifted their price objective on shares of Palantir Technologies from $110.00 to $115.00 and gave the stock a "neutral" rating in a report on Thursday, May 8th. Morgan Stanley lifted their price objective on shares of Palantir Technologies from $90.00 to $98.00 and gave the stock an "equal weight" rating in a report on Tuesday, May 6th. William Blair set a $84.00 price objective on shares of Palantir Technologies in a report on Wednesday, March 5th. Finally, Loop Capital lifted their price objective on shares of Palantir Technologies from $125.00 to $130.00 and gave the stock a "buy" rating in a report on Tuesday, May 6th. Five equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Palantir Technologies has a consensus rating of "Hold" and an average target price of $83.95.

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.