Palantir Technologies Inc. (NASDAQ:PLTR) Shares Bought by FAS Wealth Partners Inc.

FAS Wealth Partners Inc. lifted its stake in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 8.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 39,276 shares of the company's stock after acquiring an additional 2,969 shares during the period. FAS Wealth Partners Inc.'s holdings in Palantir Technologies were worth $3,315,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Mechanics Financial Corp acquired a new position in Palantir Technologies during the 1st quarter valued at about $25,000. Cornerstone Planning Group LLC increased its position in Palantir Technologies by 90.2% during the 1st quarter. Cornerstone Planning Group LLC now owns 390 shares of the company's stock valued at $33,000 after buying an additional 185 shares in the last quarter. Richardson Capital Management LLC acquired a new position in Palantir Technologies during the 1st quarter valued at about $33,000. Atlantic Edge Private Wealth Management LLC increased its position in Palantir Technologies by 45.5% during the 1st 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 in the last quarter. Finally, Godsey & Gibb Inc. increased its position in Palantir Technologies by 740.0% during the 1st quarter. Godsey & Gibb Inc. now owns 420 shares of the company's stock valued at $35,000 after buying an additional 370 shares in the last quarter. 45.65% of the stock is owned by institutional investors.

Palantir Technologies Trading Down 0.3%

NASDAQ:PLTR traded down $0.47 during midday trading on Friday, reaching $153.52. The company had a trading volume of 45,673,387 shares, compared to its average volume of 83,425,650. The firm has a market capitalization of $362.29 billion, a price-to-earnings ratio of 667.48, a PEG ratio of 13.11 and a beta of 2.59. The stock's fifty day simple moving average is $134.33 and its 200-day simple moving average is $106.36. Palantir Technologies Inc. has a 12-month low of $21.23 and a 12-month high of $155.68.

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 (EPS) for the quarter, hitting analysts' consensus estimates of $0.13. The company had revenue of $883.86 million during the quarter, compared to the consensus estimate of $863.89 million. Palantir Technologies had a return on equity of 6.55% and a net margin of 18.32%. Palantir Technologies's revenue for the quarter was up 39.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.08 EPS. As a group, sell-side analysts expect that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Insiders Place Their Bets

In other news, insider Ryan D. Taylor sold 33,335 shares of the business's stock in a transaction dated Tuesday, July 15th. The stock was sold at an average price of $150.00, for a total value of $5,000,250.00. Following the completion of the sale, the insider directly owned 363,755 shares of the company's stock, valued at approximately $54,563,250. The trade was a 8.39% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Lauren Elaina Friedman Stat sold 800 shares of the business's stock in a transaction dated 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 sale, the director directly owned 62,887 shares of the company's stock, valued at $8,779,654.07. The trade was a 1.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 1,485,632 shares of company stock worth $191,222,623. Corporate insiders own 9.23% of the company's stock.

Analysts Set New Price Targets

PLTR has been the topic of a number of research reports. Morgan Stanley increased their price objective on Palantir Technologies from $90.00 to $98.00 and gave the company an "equal weight" rating in a report on Tuesday, May 6th. Citigroup increased their price objective on Palantir Technologies from $110.00 to $115.00 and gave the company a "neutral" rating in a report on Thursday, May 8th. DA Davidson increased their price objective on Palantir Technologies from $100.00 to $115.00 and gave the company a "neutral" rating in a report on Tuesday, May 6th. Royal Bank Of Canada reissued an "underperform" rating on shares of Palantir Technologies in a report on Tuesday, May 6th. Finally, Mizuho raised Palantir Technologies from an "underperform" rating to a "neutral" rating and raised their target price for the stock from $116.00 to $135.00 in a report on Wednesday. Four equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $91.37.

Palantir Technologies Company 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.