Fidelis Capital Partners LLC Has $3.39 Million Stake in Palantir Technologies Inc. (NASDAQ:PLTR)

Fidelis Capital Partners LLC lifted its stake in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 42.0% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 40,146 shares of the company's stock after acquiring an additional 11,874 shares during the period. Fidelis Capital Partners LLC's holdings in Palantir Technologies were worth $3,388,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Cornerstone Planning Group LLC increased its position in Palantir Technologies by 90.2% in the 1st quarter. Cornerstone Planning Group LLC now owns 390 shares of the company's stock worth $33,000 after buying an additional 185 shares during the period. Richardson Capital Management LLC acquired a new stake in shares of Palantir Technologies during the 1st quarter worth approximately $33,000. Atlantic Edge Private Wealth Management LLC grew its holdings in shares of Palantir Technologies by 45.5% during the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 400 shares of the company's stock worth $34,000 after purchasing an additional 125 shares in the last quarter. Godsey & Gibb Inc. grew its holdings in shares of Palantir Technologies by 740.0% during the 1st quarter. Godsey & Gibb Inc. now owns 420 shares of the company's stock worth $35,000 after purchasing an additional 370 shares in the last quarter. Finally, Arlington Trust Co LLC grew its holdings in shares of Palantir Technologies by 542.9% during the 1st quarter. Arlington Trust Co LLC now owns 450 shares of the company's stock worth $38,000 after purchasing an additional 380 shares in the last quarter. 45.65% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on PLTR shares. The Goldman Sachs Group lifted their price objective on Palantir Technologies from $80.00 to $90.00 and gave the stock a "neutral" rating in a report on Tuesday, May 6th. Morgan Stanley lifted their price objective on Palantir Technologies from $90.00 to $98.00 and gave the stock an "equal weight" rating in a report on Tuesday, May 6th. Mizuho boosted their price target on Palantir Technologies from $94.00 to $116.00 and gave the company an "underperform" rating in a research note on Wednesday, June 11th. Daiwa America raised Palantir Technologies to a "hold" rating in a research note on Tuesday, April 1st. Finally, Cantor Fitzgerald boosted their price target on Palantir Technologies from $98.00 to $110.00 and gave the company a "neutral" rating in a research note 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. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $89.32.

Insider Activity at Palantir Technologies

In other news, Director Eric H. Woersching sold 10,214 shares of the business's stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $130.95, for a total transaction of $1,337,523.30. Following the completion of the sale, the director owned 2,348 shares in the company, valued at $307,470.60. The trade was a 81.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Ryan D. Taylor sold 33,335 shares of the business's stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $135.31, for a total value of $4,510,558.85. Following the sale, the insider owned 363,755 shares of the company's stock, valued at approximately $49,219,689.05. The trade was a 8.39% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,451,497 shares of company stock valued at $186,110,685 over the last quarter. 9.23% of the stock is currently owned by corporate insiders.

Palantir Technologies Stock Performance

Palantir Technologies stock traded down $0.40 on Friday, reaching $142.10. The company's stock had a trading volume of 52,005,962 shares, compared to its average volume of 83,116,242. The company has a market cap of $335.34 billion, a price-to-earnings ratio of 617.83, a PEG ratio of 12.16 and a beta of 2.59. The business's fifty day moving average price is $130.45 and its 200 day moving average price is $103.25. Palantir Technologies Inc. has a twelve month low of $21.23 and a twelve month high of $148.22.

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

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.