Linden Thomas Advisory Services LLC Boosts Stock Holdings in Palantir Technologies Inc. (NASDAQ:PLTR)

Linden Thomas Advisory Services LLC grew its holdings in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 5.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 64,897 shares of the company's stock after acquiring an additional 3,500 shares during the period. Palantir Technologies comprises approximately 0.7% of Linden Thomas Advisory Services LLC's portfolio, making the stock its 13th largest position. Linden Thomas Advisory Services LLC's holdings in Palantir Technologies were worth $5,477,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Sovran Advisors LLC lifted its position in shares of Palantir Technologies by 1.8% during the 1st quarter. Sovran Advisors LLC now owns 5,453 shares of the company's stock worth $460,000 after purchasing an additional 94 shares during the last quarter. Lodestone Wealth Management LLC lifted its position in shares of Palantir Technologies by 1.1% during the 1st quarter. Lodestone Wealth Management LLC now owns 8,950 shares of the company's stock worth $755,000 after purchasing an additional 97 shares during the last quarter. Continuum Advisory LLC lifted its position in shares of Palantir Technologies by 3.8% during the 4th quarter. Continuum Advisory LLC now owns 2,670 shares of the company's stock worth $202,000 after purchasing an additional 98 shares during the last quarter. Sierra Ocean LLC lifted its position in shares of Palantir Technologies by 26.6% during the 1st quarter. Sierra Ocean LLC now owns 523 shares of the company's stock worth $44,000 after purchasing an additional 110 shares during the last quarter. Finally, Heritage Wealth Management Inc. CA lifted its position in shares of Palantir Technologies by 0.4% during the 4th quarter. Heritage Wealth Management Inc. CA now owns 29,024 shares of the company's stock worth $2,195,000 after purchasing an additional 111 shares during the last quarter. Institutional investors and hedge funds own 45.65% of the company's stock.

Palantir Technologies Stock Performance

PLTR traded down $0.40 on Friday, hitting $142.10. 52,005,962 shares of the company were exchanged, compared to its average volume of 83,029,978. The business's fifty day moving average is $130.45 and its 200 day moving average is $103.25. Palantir Technologies Inc. has a fifty-two week low of $21.23 and a fifty-two week high of $148.22. The firm has a market capitalization of $335.34 billion, a P/E ratio of 617.83, a price-to-earnings-growth ratio of 12.22 and a beta of 2.59.

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 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 for the quarter, compared to analyst estimates of $863.89 million. During the same period in the prior year, the business posted $0.08 earnings per share. The firm's revenue for the quarter was up 39.4% compared to the same quarter last year. Analysts forecast that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on PLTR shares. Loop Capital set a $155.00 price target on shares of Palantir Technologies and gave the company a "buy" rating in a research report on Thursday, June 12th. Daiwa Capital Markets started coverage on shares of Palantir Technologies in a research report on Tuesday, April 1st. They issued a "neutral" rating and a $90.00 price target for the company. The Goldman Sachs Group boosted their price target on shares of Palantir Technologies from $80.00 to $90.00 and gave the company a "neutral" rating in a research report on Tuesday, May 6th. DA Davidson boosted their price target on shares of Palantir Technologies from $100.00 to $115.00 and gave the company a "neutral" rating in a research report on Tuesday, May 6th. Finally, Royal Bank Of Canada reissued an "underperform" rating on shares of Palantir Technologies in a research report on Tuesday, May 6th. Five equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Palantir Technologies presently has a consensus rating of "Hold" and a consensus target price of $89.32.

Insider Buying and Selling

In other Palantir Technologies news, insider Stephen Andrew Cohen sold 34,357 shares of the company's stock in a transaction dated 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 sale, the insider owned 592 shares of the company's stock, valued at $74,568.32. This represents a 98.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Eric H. Woersching sold 10,214 shares of the company's stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $130.95, for a total transaction of $1,337,523.30. Following the transaction, the director directly owned 2,348 shares in the company, valued at $307,470.60. The trade was a 81.31% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,451,497 shares of company stock valued at $186,110,685. 9.23% of the stock is owned by company 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.