Global Assets Advisory LLC Purchases 38,349 Shares of Palantir Technologies Inc. (NASDAQ:PLTR)

Global Assets Advisory LLC lifted its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 356.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 49,103 shares of the company's stock after purchasing an additional 38,349 shares during the period. Palantir Technologies comprises approximately 0.8% of Global Assets Advisory LLC's investment portfolio, making the stock its 25th largest holding. Global Assets Advisory LLC's holdings in Palantir Technologies were worth $4,158,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Continuum Advisory LLC increased its stake in Palantir Technologies by 3.8% in the fourth quarter. Continuum Advisory LLC now owns 2,670 shares of the company's stock valued at $202,000 after acquiring an additional 98 shares during the last quarter. Heritage Wealth Management Inc. CA lifted its stake in Palantir Technologies by 0.4% during the fourth quarter. Heritage Wealth Management Inc. CA now owns 29,024 shares of the company's stock worth $2,195,000 after purchasing an additional 111 shares during the last quarter. True Wealth Design LLC boosted its holdings in shares of Palantir Technologies by 29.3% in the 4th quarter. True Wealth Design LLC now owns 503 shares of the company's stock worth $38,000 after purchasing an additional 114 shares in the last quarter. Gemmer Asset Management LLC boosted its holdings in shares of Palantir Technologies by 1.6% in the 1st quarter. Gemmer Asset Management LLC now owns 7,567 shares of the company's stock worth $639,000 after purchasing an additional 119 shares in the last quarter. Finally, Synergy Asset Management LLC raised its holdings in shares of Palantir Technologies by 1.7% during the 1st quarter. Synergy Asset Management LLC now owns 7,017 shares of the company's stock valued at $592,000 after buying an additional 120 shares in the last quarter. 45.65% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Palantir Technologies

In related news, insider Stephen Andrew Cohen sold 309,696 shares of the business's stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $126.39, for a total transaction of $39,142,477.44. Following the sale, the insider now owns 592 shares of the company's stock, valued at $74,822.88. The trade was a 99.81% 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, Director Lauren Elaina Friedman Stat sold 800 shares of Palantir Technologies stock in a transaction that occurred on Thursday, April 3rd. The shares were sold at an average price of $81.25, for a total transaction of $65,000.00. Following the transaction, the director now owns 61,339 shares of the company's stock, valued at $4,983,793.75. The trade was a 1.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,506,925 shares of company stock worth $188,456,658 over the last ninety days. 9.23% of the stock is owned by corporate insiders.

Palantir Technologies Stock Up 0.9%

Shares of NASDAQ:PLTR traded up $1.35 on Thursday, hitting $144.25. The company had a trading volume of 69,288,054 shares, compared to its average volume of 81,576,465. The firm's 50-day simple moving average is $123.49 and its two-hundred day simple moving average is $98.53. The firm has a market capitalization of $340.42 billion, a price-to-earnings ratio of 627.17, a P/E/G ratio of 12.23 and a beta of 2.64. Palantir Technologies Inc. has a 1 year low of $21.23 and a 1 year high of $148.06.

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

Analysts Set New Price Targets

Several analysts have issued reports on the company. Citigroup upped their target price on Palantir Technologies from $110.00 to $115.00 and gave the stock a "neutral" rating in a research note on Thursday, May 8th. Royal Bank Of Canada reaffirmed an "underperform" rating on shares of Palantir Technologies in a research note on Tuesday, May 6th. UBS Group reiterated a "positive" rating on shares of Palantir Technologies in a research report on Wednesday. Mizuho upped their price target on shares of Palantir Technologies from $94.00 to $116.00 and gave the company an "underperform" rating in a research report on Wednesday, June 11th. Finally, The Goldman Sachs Group raised their price objective on Palantir Technologies from $80.00 to $90.00 and gave the company a "neutral" rating in a research note on Tuesday, May 6th. Five analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $89.32.

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.