Integrated Advisors Network LLC Raises Stake in Palantir Technologies Inc. (NASDAQ:PLTR)

Integrated Advisors Network LLC raised its holdings in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 8.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 32,795 shares of the company's stock after acquiring an additional 2,429 shares during the quarter. Integrated Advisors Network LLC's holdings in Palantir Technologies were worth $2,480,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Roxbury Financial LLC acquired a new stake in shares of Palantir Technologies during the fourth quarter worth $27,000. HighMark Wealth Management LLC increased its position in shares of Palantir Technologies by 73.5% during the fourth quarter. HighMark Wealth Management LLC now owns 392 shares of the company's stock worth $30,000 after buying an additional 166 shares during the period. Sierra Ocean LLC bought a new position in Palantir Technologies during the fourth quarter worth $31,000. R Squared Ltd bought a new position in Palantir Technologies during the fourth quarter worth $33,000. Finally, First Command Advisory Services Inc. bought a new position in Palantir Technologies during the fourth quarter worth $34,000. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Daiwa America raised shares of Palantir Technologies to a "hold" rating in a research note on Tuesday, April 1st. Robert W. Baird increased their target price on shares of Palantir Technologies from $70.00 to $100.00 and gave the company a "neutral" rating in a report on Tuesday, February 4th. Northland Securities raised their price objective on shares of Palantir Technologies from $38.00 to $80.00 and gave the stock a "market perform" rating in a report on Tuesday, February 4th. Jefferies Financial Group raised their price objective on shares of Palantir Technologies from $28.00 to $60.00 and gave the stock an "underperform" rating in a report on Tuesday, February 4th. Finally, Citigroup raised their price objective on shares of Palantir Technologies from $110.00 to $115.00 and gave the stock a "neutral" rating in a report on Thursday, May 8th. Five analysts have rated the stock with a sell rating, fifteen have given a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Palantir Technologies presently has an average rating of "Hold" and an average price target of $83.95.

Insider Activity at Palantir Technologies

In other news, insider Stephen Andrew Cohen sold 1,250,000 shares of the stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $82.75, for a total transaction of $103,437,500.00. Following the sale, the insider now owns 592 shares of the company's stock, valued at approximately $48,988. This represents a 99.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Lauren Elaina Friedman Stat sold 800 shares of the stock in a transaction dated Thursday, April 3rd. The stock was sold at an average price of $81.25, for a total transaction of $65,000.00. Following the sale, the director now directly owns 61,339 shares in the company, valued at $4,983,793.75. This represents a 1.29% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 3,901,701 shares of company stock valued at $370,407,533. 9.23% of the stock is owned by company insiders.

Palantir Technologies Trading Down 0.2%

NASDAQ:PLTR traded down $0.23 during trading hours on Thursday, reaching $123.53. 43,082,320 shares of the company were exchanged, compared to its average volume of 77,925,896. The stock's 50-day moving average is $104.78 and its 200-day moving average is $88.97. The firm has a market cap of $289.73 billion, a PE ratio of 651.00, a price-to-earnings-growth ratio of 10.84 and a beta of 2.68. Palantir Technologies Inc. has a twelve month low of $20.64 and a twelve month high of $133.49.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last issued its earnings results on Monday, May 5th. The company reported $0.13 EPS for the quarter, meeting analysts' consensus estimates of $0.13. The business had revenue of $883.86 million during the quarter, compared to analysts' expectations of $863.89 million. Palantir Technologies had a net margin of 16.13% and a return on equity of 6.85%. The company's quarterly revenue was up 39.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.08 earnings per share. As a group, research analysts anticipate that Palantir Technologies Inc. will post 0.31 EPS for the current year.

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.