Koshinski Asset Management Inc. Takes Position in Palantir Technologies Inc. (NASDAQ:PLTR)

Koshinski Asset Management Inc. bought a new stake in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The fund bought 2,854 shares of the company's stock, valued at approximately $241,000.

Other institutional investors also recently bought and sold shares of the company. Godsey & Gibb Inc. grew its position in shares of Palantir Technologies by 740.0% during the first quarter. Godsey & Gibb Inc. now owns 420 shares of the company's stock worth $35,000 after buying an additional 370 shares in the last quarter. Summit Securities Group LLC acquired a new position in shares of Palantir Technologies during the fourth quarter worth about $34,000. Fairfield Financial Advisors LTD acquired a new position in shares of Palantir Technologies during the fourth quarter worth about $35,000. Runnymede Capital Advisors Inc. acquired a new position in shares of Palantir Technologies during the fourth quarter worth about $36,000. Finally, Lee Danner & Bass Inc. acquired a new position in shares of Palantir Technologies during the fourth quarter worth about $38,000. 45.65% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Palantir Technologies news, Director Eric H. Woersching sold 10,214 shares of the firm's stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $130.95, for a total value of $1,337,523.30. Following the completion of the sale, the director owned 2,348 shares of the company's stock, valued at approximately $307,470.60. This trade represents a 81.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Stephen Andrew Cohen sold 34,357 shares of the firm's stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $125.96, for a total value of $4,327,607.72. Following the completion of the sale, the insider directly owned 592 shares of the company's stock, valued at approximately $74,568.32. This trade represents a 98.31% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,451,497 shares of company stock valued at $186,110,685 in the last quarter. Corporate insiders own 12.93% of the company's stock.

Palantir Technologies Stock Up 3.5%

Shares of NASDAQ PLTR traded up $4.76 during mid-day trading on Monday, hitting $139.12. 71,672,412 shares of the company were exchanged, compared to its average volume of 83,007,096. The stock has a 50 day simple moving average of $128.96 and a 200-day simple moving average of $102.29. Palantir Technologies Inc. has a 1-year low of $21.23 and a 1-year high of $148.22. The firm has a market cap of $328.31 billion, a price-to-earnings ratio of 604.87, a price-to-earnings-growth ratio of 11.47 and a beta of 2.59.

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

Analyst Ratings Changes

A number of brokerages have recently commented on PLTR. Cantor Fitzgerald boosted their price objective on Palantir Technologies from $98.00 to $110.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 6th. Deutsche Bank Aktiengesellschaft reissued a "sell" rating on shares of Palantir Technologies in a research report on Tuesday, May 6th. The Goldman Sachs Group increased their price target 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. Daiwa America upgraded shares of Palantir Technologies to a "hold" rating in a research note on Tuesday, April 1st. Finally, Daiwa Capital Markets started coverage on shares of Palantir Technologies in a research note on Tuesday, April 1st. They issued a "neutral" rating and a $90.00 price target on the stock. Five research 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.com, Palantir Technologies has an average rating of "Hold" and an average target price of $89.32.

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.