Linden Thomas Advisory Services LLC Acquires 3,500 Shares of Palantir Technologies Inc. (NASDAQ:PLTR)

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

Other institutional investors have also bought and sold shares of the company. Richardson Capital Management LLC bought a new position in Palantir Technologies in the 1st quarter valued at $33,000. Summit Securities Group LLC bought a new position in Palantir Technologies in the 4th quarter valued at $34,000. Atlantic Edge Private Wealth Management LLC grew its stake in Palantir Technologies by 45.5% in the 1st 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 period. Godsey & Gibb Inc. grew its stake in Palantir Technologies by 740.0% in the 1st quarter. Godsey & Gibb Inc. now owns 420 shares of the company's stock valued at $35,000 after purchasing an additional 370 shares during the period. Finally, Runnymede Capital Advisors Inc. bought a new position in Palantir Technologies in the 4th quarter valued at $36,000. Institutional investors own 45.65% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on PLTR. Citigroup increased their target price on shares of 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 reissued an "underperform" rating on shares of Palantir Technologies in a research report on Tuesday, May 6th. UBS Group reissued a "positive" rating on shares of Palantir Technologies in a research report on Wednesday, June 25th. DA Davidson increased their price target on Palantir Technologies from $100.00 to $115.00 and gave the stock a "neutral" rating in a research note on Tuesday, May 6th. Finally, Cantor Fitzgerald increased their price target on Palantir Technologies from $98.00 to $110.00 and gave the stock a "neutral" rating in a research note on Tuesday, May 6th. Five analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $89.32.

Palantir Technologies Trading Down 0.4%

Shares of PLTR traded down $0.63 during mid-day trading on Thursday, reaching $142.50. 64,227,973 shares of the stock traded hands, compared to its average volume of 83,153,909. The firm has a fifty day moving average price of $130.45 and a 200 day moving average price of $103.25. The company has a market cap of $336.29 billion, a price-to-earnings ratio of 619.57, a price-to-earnings-growth ratio of 12.22 and a beta of 2.59. Palantir Technologies Inc. has a 1 year low of $21.23 and a 1 year high of $148.22.

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 company had revenue of $883.86 million during the quarter, compared to the consensus estimate of $863.89 million. Palantir Technologies had a return on equity of 6.55% and a net margin of 18.32%. Palantir Technologies's quarterly revenue was up 39.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.08 EPS. On average, sell-side analysts anticipate that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Insiders Place Their Bets

In other Palantir Technologies news, insider David A. Glazer sold 3,418 shares of the business's stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $125.97, for a total value of $430,565.46. Following the completion of the sale, the insider directly owned 492,079 shares of the company's stock, valued at $61,987,191.63. The trade was a 0.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Stephen Andrew Cohen sold 34,357 shares of the business's stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $125.96, for a total transaction of $4,327,607.72. Following the completion of the sale, the insider directly 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 disclosure for this sale can be found here. Insiders sold a total of 1,451,497 shares of company stock valued at $186,110,685 over the last three months. 9.23% of the stock is currently owned by company insiders.

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.