GPS Wealth Strategies Group LLC Has $3.60 Million Stake in Palantir Technologies Inc. (NASDAQ:PLTR)

GPS Wealth Strategies Group LLC increased its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 52.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 42,670 shares of the company's stock after purchasing an additional 14,742 shares during the period. GPS Wealth Strategies Group LLC's holdings in Palantir Technologies were worth $3,601,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in PLTR. Sage Advisors LLC acquired a new position in Palantir Technologies in the 4th quarter worth $369,000. MGB Wealth Management LLC acquired a new stake in shares of Palantir Technologies in the 4th quarter valued at about $278,000. Asset Planning Inc acquired a new stake in shares of Palantir Technologies in the 4th quarter valued at about $101,000. WealthPlan Investment Management LLC raised its stake in shares of Palantir Technologies by 145.2% in the 4th quarter. WealthPlan Investment Management LLC now owns 35,805 shares of the company's stock valued at $2,708,000 after purchasing an additional 21,204 shares in the last quarter. Finally, Pitcairn Co. acquired a new stake in shares of Palantir Technologies in the 4th quarter valued at about $281,000. 45.65% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

PLTR has been the topic of a number of recent analyst reports. Morgan Stanley upped their target price on shares of Palantir Technologies from $90.00 to $98.00 and gave the company an "equal weight" rating in a research note on Tuesday, May 6th. DA Davidson increased their price objective on shares of Palantir Technologies from $100.00 to $115.00 and gave the stock a "neutral" rating in a research note on Tuesday, May 6th. Citigroup increased their price objective on shares of Palantir Technologies from $110.00 to $115.00 and gave the stock a "neutral" rating in a research note on Thursday, May 8th. William Blair set a $84.00 price objective on shares of Palantir Technologies in a research note on Wednesday, March 5th. Finally, Mizuho increased their price objective on shares of Palantir Technologies from $94.00 to $116.00 and gave the stock an "underperform" rating in a research note on Wednesday. Five investment 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's stock. Based on data from MarketBeat.com, Palantir Technologies currently has an average rating of "Hold" and a consensus target price of $86.30.

Insider Transactions at Palantir Technologies

In other Palantir Technologies news, insider Shyam Sankar sold 405,000 shares of the business's stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $132.08, for a total value of $53,492,400.00. Following the transaction, the insider now directly owns 702,786 shares in the company, valued at $92,823,974.88. The trade was a 36.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Stephen Andrew Cohen sold 310,000 shares of the business's stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $87.07, for a total transaction of $26,991,700.00. Following the completion of the transaction, the insider now owns 592 shares in the company, valued at approximately $51,545.44. This trade represents a 99.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 3,066,925 shares of company stock valued at $322,073,358. Company insiders own 9.23% of the company's stock.

Palantir Technologies Stock Down 0.9%

Shares of PLTR traded down $1.20 during mid-day trading on Thursday, hitting $135.19. 56,051,410 shares of the company's stock were exchanged, compared to its average volume of 80,529,565. The stock has a market cap of $319.04 billion, a price-to-earnings ratio of 711.56, a P/E/G ratio of 10.84 and a beta of 2.64. The firm has a fifty day moving average of $113.13 and a two-hundred day moving average of $93.63. Palantir Technologies Inc. has a twelve month low of $21.23 and a twelve month high of $140.00.

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 the consensus estimate 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 net margin of 16.13% and a return on equity of 6.85%. The business's quarterly revenue was up 39.4% on a year-over-year basis. During the same period last year, the business posted $0.08 EPS. On average, equities analysts predict that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

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.