Headland Capital LLC Acquires New Holdings in Palantir Technologies Inc. (NASDAQ:PLTR)

Key Points

• Headland Capital LLC has acquired a new stake in Palantir Technologies Inc., purchasing 2,782 shares valued at about $235,000 in the first quarter.
• Palantir's stock has received mixed ratings from analysts, with four analysts rating it as "sell", while fifteen rated it as a "hold" and five as a "buy," along with a consensus target price of $96.45.
• Insider trading has seen significant activity, with a total of 1,485,632 shares sold by company insiders in the past 90 days, reducing their ownership stake to 9.23%.

Headland Capital LLC purchased a new stake in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,782 shares of the company's stock, valued at approximately $235,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Mechanics Financial Corp bought a new stake in Palantir Technologies during the first quarter valued at $25,000. Cornerstone Planning Group LLC increased its stake in Palantir Technologies by 90.2% during the first quarter. Cornerstone Planning Group LLC now owns 390 shares of the company's stock valued at $33,000 after purchasing an additional 185 shares during the last quarter. Richardson Capital Management LLC bought a new stake in Palantir Technologies during the first quarter valued at $33,000. Atlantic Edge Private Wealth Management LLC increased its stake in Palantir Technologies by 45.5% during the first quarter. Atlantic Edge Private Wealth Management LLC now owns 400 shares of the company's stock valued at $34,000 after purchasing an additional 125 shares during the last quarter. Finally, CBIZ Investment Advisory Services LLC increased its stake in Palantir Technologies by 118.5% during the first quarter. CBIZ Investment Advisory Services LLC now owns 413 shares of the company's stock valued at $35,000 after purchasing an additional 224 shares during the last quarter. 45.65% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Palantir Technologies

In related news, insider Ryan D. Taylor sold 33,335 shares of the stock in a transaction that occurred on Tuesday, July 15th. The shares were sold at an average price of $150.00, for a total transaction of $5,000,250.00. Following the completion of the sale, the insider directly owned 363,755 shares of the company's stock, valued at $54,563,250. This represents a 8.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider David A. Glazer sold 3,418 shares of the stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $125.97, for a total transaction of $430,565.46. Following the sale, the insider directly owned 492,079 shares of the company's stock, valued at approximately $61,987,191.63. This represents a 0.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,485,632 shares of company stock valued at $191,222,623. Corporate insiders own 9.23% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on PLTR. Wedbush set a $160.00 target price on shares of Palantir Technologies in a research note on Thursday, July 10th. Royal Bank Of Canada reaffirmed an "underperform" rating on shares of Palantir Technologies in a report on Tuesday, May 6th. Piper Sandler assumed coverage on shares of Palantir Technologies in a report on Friday, July 25th. They issued an "overweight" rating and a $170.00 price objective on the stock. Morgan Stanley increased their price objective on shares of Palantir Technologies from $90.00 to $98.00 and gave the stock an "equal weight" rating in a report on Tuesday, May 6th. Finally, Cantor Fitzgerald increased their price objective on shares of Palantir Technologies from $98.00 to $110.00 and gave the stock a "neutral" rating in a report on Tuesday, May 6th. Four equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $96.45.

Palantir Technologies Trading Down 2.6%

PLTR traded down $4.08 on Friday, reaching $154.27. The company had a trading volume of 60,986,881 shares, compared to its average volume of 52,655,748. The company has a fifty day moving average of $140.37 and a 200-day moving average of $111.96. The company has a market capitalization of $364.06 billion, a P/E ratio of 1,285.58, a PEG ratio of 13.15 and a beta of 2.60. Palantir Technologies Inc. has a one year low of $21.23 and a one year high of $160.89.

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 the consensus estimate of $0.13. Palantir Technologies had a net margin of 18.32% and a return on equity of 6.55%. The company had revenue of $883.86 million during the quarter, compared to analyst estimates of $863.89 million. During the same quarter last year, the firm posted $0.08 EPS. The business's revenue for the quarter was up 39.4% on a year-over-year basis. Research analysts predict that Palantir Technologies Inc. will post 0.31 EPS for the current 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.