HBK Sorce Advisory LLC Has $4.22 Million Stock Holdings in Palantir Technologies Inc. (NASDAQ:PLTR)

HBK Sorce Advisory LLC lifted its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 7.8% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 49,996 shares of the company's stock after purchasing an additional 3,602 shares during the period. HBK Sorce Advisory LLC's holdings in Palantir Technologies were worth $4,220,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of PLTR. Assenagon Asset Management S.A. lifted its holdings in Palantir Technologies by 15.0% in the first quarter. Assenagon Asset Management S.A. now owns 49,651 shares of the company's stock worth $4,191,000 after acquiring an additional 6,479 shares during the last quarter. Pitcairn Co. acquired a new stake in shares of Palantir Technologies during the 4th quarter worth approximately $281,000. Sagespring Wealth Partners LLC boosted its position in Palantir Technologies by 36.3% during the 1st quarter. Sagespring Wealth Partners LLC now owns 24,054 shares of the company's stock valued at $2,030,000 after purchasing an additional 6,405 shares during the period. KLP Kapitalforvaltning AS bought a new position in Palantir Technologies during the 4th quarter worth $52,033,000. Finally, CX Institutional bought a new stake in Palantir Technologies in the first quarter valued at $62,000. Institutional investors own 45.65% of the company's stock.

Palantir Technologies Stock Performance

NASDAQ PLTR traded down $0.33 on Wednesday, reaching $142.90. The company's stock had a trading volume of 61,226,838 shares, compared to its average volume of 81,189,355. Palantir Technologies Inc. has a twelve month low of $21.23 and a twelve month high of $147.59. The firm's 50 day moving average is $122.49 and its two-hundred day moving average is $98.22. The stock has a market cap of $337.23 billion, a PE ratio of 621.30, a PEG ratio of 11.94 and a beta of 2.64.

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

Insider Transactions at Palantir Technologies

In related news, insider Shyam Sankar sold 405,000 shares of the company'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 value of $53,492,400.00. Following the completion of the sale, the insider now owns 702,786 shares in the company, valued at approximately $92,823,974.88. This represents a 36.56% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Lauren Elaina Friedman Stat sold 800 shares of Palantir Technologies stock in a transaction dated Thursday, April 3rd. The shares were sold at an average price of $81.25, for a total value of $65,000.00. Following the transaction, the director now directly owns 61,339 shares in the company, valued at approximately $4,983,793.75. This trade represents a 1.29% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,506,925 shares of company stock valued at $188,456,658 in the last three months. 12.93% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Daiwa America upgraded shares of Palantir Technologies to a "hold" rating in a research report on Tuesday, April 1st. The Goldman Sachs Group upped their target price on shares of Palantir Technologies from $80.00 to $90.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 6th. Loop Capital set a $155.00 price target on shares of Palantir Technologies and gave the company a "buy" rating in a research note on Thursday, June 12th. Daiwa Capital Markets started coverage on Palantir Technologies in a report on Tuesday, April 1st. They issued a "neutral" rating and a $90.00 price objective for the company. Finally, UBS Group reaffirmed a "positive" rating on shares of Palantir Technologies in a research note on Wednesday. Five investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Palantir Technologies presently has a consensus rating of "Hold" and an average target price of $89.32.

Palantir Technologies 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.