Palantir Technologies Inc. (NASDAQ:PLTR) Shares Purchased by Legacy Capital Wealth Partners LLC

Legacy Capital Wealth Partners LLC grew its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 71.3% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 6,708 shares of the company's stock after buying an additional 2,793 shares during the quarter. Legacy Capital Wealth Partners LLC's holdings in Palantir Technologies were worth $566,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Sovran Advisors LLC boosted its holdings in shares of Palantir Technologies by 1.8% in the first quarter. Sovran Advisors LLC now owns 5,453 shares of the company's stock valued at $460,000 after purchasing an additional 94 shares during the period. Lodestone Wealth Management LLC boosted its holdings in shares of Palantir Technologies by 1.1% in the first quarter. Lodestone Wealth Management LLC now owns 8,950 shares of the company's stock valued at $755,000 after purchasing an additional 97 shares during the period. Continuum Advisory LLC boosted its holdings in shares of Palantir Technologies by 3.8% in the fourth quarter. Continuum Advisory LLC now owns 2,670 shares of the company's stock valued at $202,000 after purchasing an additional 98 shares during the period. Kathmere Capital Management LLC boosted its holdings in shares of Palantir Technologies by 0.5% in the first quarter. Kathmere Capital Management LLC now owns 18,145 shares of the company's stock valued at $1,531,000 after purchasing an additional 99 shares during the period. Finally, Key Financial Inc boosted its holdings in shares of Palantir Technologies by 0.5% in the first quarter. Key Financial Inc now owns 21,586 shares of the company's stock valued at $1,822,000 after purchasing an additional 100 shares during the period. Institutional investors own 45.65% of the company's stock.

Palantir Technologies Price Performance

PLTR stock traded down $0.47 during trading on Friday, hitting $153.52. The stock had a trading volume of 45,673,387 shares, compared to its average volume of 83,425,650. Palantir Technologies Inc. has a twelve month low of $21.23 and a twelve month high of $155.68. The stock has a market capitalization of $362.29 billion, a P/E ratio of 667.48, a PEG ratio of 13.11 and a beta of 2.59. The company's 50-day moving average price is $134.33 and its two-hundred day moving average price is $106.36.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last released 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 business had revenue of $883.86 million for the quarter, compared to analyst estimates of $863.89 million. Palantir Technologies had a net margin of 18.32% and a return on equity of 6.55%. The business's revenue was up 39.4% on a year-over-year basis. During the same period last year, the company posted $0.08 EPS. As a group, sell-side analysts expect that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have issued reports on PLTR shares. Citigroup increased their target price on Palantir Technologies from $110.00 to $115.00 and gave the company a "neutral" rating in a research report on Thursday, May 8th. Royal Bank Of Canada reiterated an "underperform" rating on shares of Palantir Technologies in a report on Tuesday, May 6th. Wedbush set a $160.00 price objective on Palantir Technologies in a report on Thursday, July 10th. UBS Group reiterated a "positive" rating on shares of Palantir Technologies in a report on Wednesday, June 25th. Finally, The Goldman Sachs Group increased their price objective on Palantir Technologies from $80.00 to $90.00 and gave the company a "neutral" rating in a report on Tuesday, May 6th. Four research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $91.37.

Insider Buying and Selling

In other Palantir Technologies news, insider Shyam Sankar sold 405,000 shares of the business's stock in a transaction that occurred on Tuesday, June 10th. The stock was sold at an average price of $132.08, for a total value of $53,492,400.00. Following the sale, the insider owned 702,786 shares of the company's stock, valued at $92,823,974.88. The trade was a 36.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Lauren Elaina Friedman Stat sold 800 shares of the business's stock in a transaction on Wednesday, July 9th. The stock was sold at an average price of $139.61, for a total transaction of $111,688.00. Following the completion of the transaction, the director owned 62,887 shares of the company's stock, valued at approximately $8,779,654.07. This trade represents a 1.26% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,485,632 shares of company stock valued at $191,222,623 over the last quarter. 12.93% of the stock is owned by corporate insiders.

Palantir Technologies Company 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.