Palantir Technologies Inc. (NASDAQ:PLTR) Shares Bought by Grant Private Wealth Management Inc

Grant Private Wealth Management Inc raised its holdings in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 144.6% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,114 shares of the company's stock after buying an additional 7,753 shares during the period. Palantir Technologies makes up approximately 1.2% of Grant Private Wealth Management Inc's portfolio, making the stock its 25th largest position. Grant Private Wealth Management Inc's holdings in Palantir Technologies were worth $1,107,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Roxbury Financial LLC purchased a new position in Palantir Technologies in the 4th quarter valued at approximately $27,000. HighMark Wealth Management LLC raised its holdings in shares of Palantir Technologies by 73.5% in the 4th quarter. HighMark Wealth Management LLC now owns 392 shares of the company's stock valued at $30,000 after purchasing an additional 166 shares in the last quarter. Sierra Ocean LLC acquired a new stake in shares of Palantir Technologies in the 4th quarter valued at $31,000. Godsey & Gibb Inc. raised its holdings in shares of Palantir Technologies by 740.0% in the 1st quarter. Godsey & Gibb Inc. now owns 420 shares of the company's stock valued at $35,000 after purchasing an additional 370 shares in the last quarter. Finally, First Command Advisory Services Inc. acquired a new stake in Palantir Technologies during the 4th quarter worth $34,000. Hedge funds and other institutional investors own 45.65% of the company's stock.

Insider Activity

In other news, insider Ryan D. Taylor sold 98,177 shares of the business's stock in a transaction that occurred on Monday, March 31st. The shares were sold at an average price of $82.80, for a total value of $8,129,055.60. Following the completion of the transaction, the insider now owns 403,171 shares of the company's stock, valued at $33,382,558.80. The trade was a 19.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Shyam Sankar sold 405,000 shares of the business's stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $132.08, for a total transaction of $53,492,400.00. Following the completion of the transaction, the insider now directly owns 702,786 shares of the company's stock, valued at approximately $92,823,974.88. This represents a 36.56% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,816,925 shares of company stock valued at $215,448,358 over the last 90 days. Insiders own 9.23% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Daiwa Capital Markets began coverage on shares of Palantir Technologies in a research note on Tuesday, April 1st. They set a "neutral" rating and a $90.00 price target on the stock. Citigroup lifted their price objective on shares of Palantir Technologies from $110.00 to $115.00 and gave the company a "neutral" rating in a research note on Thursday, May 8th. The Goldman Sachs Group lifted their price objective on shares of Palantir Technologies from $80.00 to $90.00 and gave the company a "neutral" rating in a research note on Tuesday, May 6th. William Blair set a $84.00 price objective on shares of Palantir Technologies in a research note on Wednesday, March 5th. Finally, Loop Capital lifted their price objective on shares of Palantir Technologies from $130.00 to $155.00 and gave the company a "buy" rating in a research note on Thursday. Five analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $86.30.

Palantir Technologies Price Performance

PLTR traded up $2.21 during midday trading on Friday, reaching $137.40. 93,318,005 shares of the company's stock were exchanged, compared to its average volume of 81,017,198. The stock has a market capitalization of $324.25 billion, a PE ratio of 723.20, a P/E/G ratio of 10.84 and a beta of 2.64. The business's 50-day moving average price is $115.48 and its 200 day moving average price is $94.81. Palantir Technologies Inc. has a 1-year low of $21.23 and a 1-year high of $140.00.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last posted its quarterly earnings data on Monday, May 5th. The company reported $0.13 earnings per share for the quarter, meeting 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 company's revenue was up 39.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.08 earnings per share. As a group, analysts expect that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal 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.