Good Life Advisors LLC Has $1.84 Million Stock Holdings in Palantir Technologies Inc. (NASDAQ:PLTR)

Good Life Advisors LLC lifted its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 13.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,802 shares of the company's stock after buying an additional 2,513 shares during the quarter. Good Life Advisors LLC's holdings in Palantir Technologies were worth $1,840,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in the stock. Roxbury Financial LLC acquired a new position in Palantir Technologies in the fourth quarter worth $27,000. HighMark Wealth Management LLC boosted its holdings in Palantir Technologies by 73.5% in the fourth quarter. HighMark Wealth Management LLC now owns 392 shares of the company's stock worth $30,000 after purchasing an additional 166 shares during the period. Sierra Ocean LLC acquired a new position in Palantir Technologies in the fourth quarter worth $31,000. First Command Advisory Services Inc. acquired a new position in Palantir Technologies in the fourth quarter worth $34,000. Finally, Summit Securities Group LLC acquired a new position in Palantir Technologies in the fourth quarter worth $34,000. Institutional investors and hedge funds own 45.65% of the company's stock.

Insider Transactions at Palantir Technologies

In related news, insider Shyam Sankar sold 150,814 shares of the firm's stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $126.39, for a total transaction of $19,061,381.46. Following the transaction, the insider now owns 702,786 shares of the company's stock, valued at approximately $88,825,122.54. This trade represents a 17.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Stephen Andrew Cohen sold 309,696 shares of the stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $126.39, for a total value of $39,142,477.44. Following the transaction, the insider now owns 592 shares in the company, valued at approximately $74,822.88. This trade represents a 99.81% decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,506,925 shares of company stock valued at $188,456,658 over the last three months. 9.23% of the stock is owned by corporate insiders.

Palantir Technologies Trading Up 2.9%

PLTR stock traded up $4.01 during mid-day trading on Monday, reaching $141.41. 80,050,382 shares of the stock traded hands, compared to its average volume of 81,013,526. Palantir Technologies Inc. has a 52-week low of $21.23 and a 52-week high of $144.74. The company has a market cap of $333.72 billion, a P/E ratio of 744.30, a P/E/G ratio of 10.84 and a beta of 2.64. The stock's fifty day moving average is $115.48 and its 200-day moving average is $95.01.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last posted 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 business had revenue of $883.86 million during the quarter, compared to analyst estimates of $863.89 million. Palantir Technologies had a net margin of 16.13% and a return on equity of 6.85%. The firm's revenue was up 39.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.08 earnings per share. Equities research analysts expect that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have commented on PLTR. UBS Group lifted their price objective on shares of Palantir Technologies from $105.00 to $110.00 and gave the stock a "neutral" rating in a report on Tuesday, May 6th. DA Davidson upped their price objective on shares of Palantir Technologies from $100.00 to $115.00 and gave the stock a "neutral" rating in a report on Tuesday, May 6th. William Blair set a $84.00 price objective on shares of Palantir Technologies in a research report on Wednesday, March 5th. Daiwa America upgraded shares of Palantir Technologies to a "hold" rating in a research report on Tuesday, April 1st. Finally, Daiwa Capital Markets assumed coverage on shares of Palantir Technologies in a research report on Tuesday, April 1st. They set a "neutral" rating and a $90.00 price objective for the company. Five equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $86.30.

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.