Guardian Asset Advisors LLC Grows Holdings in Palantir Technologies Inc. (NASDAQ:PLTR)

Guardian Asset Advisors LLC increased its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 118.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 27,396 shares of the company's stock after purchasing an additional 14,853 shares during the period. Palantir Technologies accounts for 1.5% of Guardian Asset Advisors LLC's investment portfolio, making the stock its 16th largest holding. Guardian Asset Advisors LLC's holdings in Palantir Technologies were worth $2,312,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Summit Securities Group LLC purchased a new position in shares of Palantir Technologies during the fourth quarter worth about $34,000. Fairfield Financial Advisors LTD purchased a new position in shares of Palantir Technologies in the 4th quarter valued at approximately $35,000. Godsey & Gibb Inc. grew its stake 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 during the last quarter. Runnymede Capital Advisors Inc. acquired a new position in shares of Palantir Technologies in the fourth quarter valued at approximately $36,000. Finally, Lee Danner & Bass Inc. purchased a new stake in shares of Palantir Technologies during the fourth quarter worth approximately $38,000. 45.65% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on PLTR shares. UBS Group reiterated a "positive" rating on shares of Palantir Technologies in a research report on Wednesday. The Goldman Sachs Group raised their target price on shares of Palantir Technologies from $80.00 to $90.00 and gave the stock a "neutral" rating in a research note on Tuesday, May 6th. Deutsche Bank Aktiengesellschaft reiterated a "sell" rating on shares of Palantir Technologies in a research note on Tuesday, May 6th. Morgan Stanley raised their price objective on shares of Palantir Technologies from $90.00 to $98.00 and gave the company an "equal weight" rating in a research report on Tuesday, May 6th. Finally, Cantor Fitzgerald lifted their price objective on Palantir Technologies from $98.00 to $110.00 and gave the company a "neutral" rating in a report 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. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $89.32.

Insider Activity at Palantir Technologies

In other Palantir Technologies news, insider Shyam Sankar sold 405,000 shares of the firm's stock in a transaction on Tuesday, June 10th. The stock was 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 owns 702,786 shares of the company's stock, valued at approximately $92,823,974.88. This trade represents a 36.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Lauren Elaina Friedman Stat sold 800 shares of the business's stock in a transaction on Thursday, April 3rd. The stock was sold at an average price of $81.25, for a total value of $65,000.00. Following the completion of the transaction, the director now directly owns 61,339 shares of the company's stock, valued at approximately $4,983,793.75. This trade represents a 1.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,506,925 shares of company stock valued at $188,456,658. Insiders own 9.23% of the company's stock.

Palantir Technologies Price Performance

NASDAQ PLTR opened at $130.74 on Friday. The business has a 50 day moving average price of $125.24 and a 200 day moving average price of $99.62. The company has a market capitalization of $308.53 billion, a P/E ratio of 568.43, a PEG ratio of 11.16 and a beta of 2.64. Palantir Technologies Inc. has a 1-year low of $21.23 and a 1-year high of $148.22.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last posted its earnings results on Monday, May 5th. The company reported $0.13 earnings per share for the quarter, meeting 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 return on equity of 6.55% and a net margin of 18.32%. Palantir Technologies's revenue was up 39.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.08 earnings per share. On average, research analysts expect that Palantir Technologies Inc. will post 0.31 earnings per share 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.

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