Palantir Technologies Inc. (NASDAQ:PLTR) Stock Position Lifted by Oak Thistle LLC

Oak Thistle LLC boosted its position in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 75.1% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 34,407 shares of the company's stock after purchasing an additional 14,760 shares during the period. Oak Thistle LLC's holdings in Palantir Technologies were worth $2,904,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of PLTR. Revolve Wealth Partners LLC bought a new position in Palantir Technologies in the fourth quarter valued at approximately $450,000. TD Private Client Wealth LLC boosted its position in Palantir Technologies by 14.2% in the fourth quarter. TD Private Client Wealth LLC now owns 5,417 shares of the company's stock valued at $410,000 after buying an additional 672 shares in the last quarter. Sei Investments Co. lifted its holdings in shares of Palantir Technologies by 7.1% during the fourth quarter. Sei Investments Co. now owns 356,878 shares of the company's stock worth $26,991,000 after purchasing an additional 23,549 shares during the period. Stevens Capital Management LP acquired a new position in shares of Palantir Technologies during the fourth quarter worth $260,000. Finally, Congress Wealth Management LLC DE acquired a new position in shares of Palantir Technologies during the fourth quarter worth $648,000. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Palantir Technologies Trading Up 2.5%

PLTR traded up $3.94 on Friday, hitting $158.80. 57,185,602 shares of the company's stock were exchanged, compared to its average volume of 94,004,227. The firm has a 50-day moving average price of $136.44 and a 200-day moving average price of $108.24. The stock has a market cap of $374.75 billion, a price-to-earnings ratio of 690.43, a P/E/G ratio of 13.20 and a beta of 2.59. Palantir Technologies Inc. has a fifty-two week low of $21.23 and a fifty-two week high of $160.39.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last announced its quarterly earnings results on Monday, May 5th. The company reported $0.13 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates 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 in the prior year, the company posted $0.08 earnings per share. The firm's quarterly revenue was up 39.4% compared to the same quarter last year. On average, equities analysts predict that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Analyst Ratings Changes

Several equities analysts recently issued reports on PLTR shares. Morgan Stanley boosted their target price on shares of Palantir Technologies from $90.00 to $98.00 and gave the company an "equal weight" rating in a report on Tuesday, May 6th. Piper Sandler initiated coverage on shares of Palantir Technologies in a research note on Friday. They issued an "overweight" rating and a $170.00 price target for the company. Cantor Fitzgerald lifted their price target on shares of Palantir Technologies from $98.00 to $110.00 and gave the company a "neutral" rating in a research note on Tuesday, May 6th. Deutsche Bank Aktiengesellschaft reissued a "sell" rating on shares of Palantir Technologies in a research report on Tuesday, May 6th. Finally, UBS Group restated a "positive" rating on shares of Palantir Technologies in a report on Wednesday, June 25th. Four investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Palantir Technologies has a consensus rating of "Hold" and a consensus price target of $95.30.

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, insider Shyam Sankar sold 405,000 shares of the firm's stock in a transaction dated 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 directly owned 702,786 shares of the company's stock, valued at approximately $92,823,974.88. This trade represents a 36.56% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Lauren Elaina Friedman Stat sold 800 shares of the business's stock in a transaction dated Wednesday, July 9th. The stock was sold at an average price of $139.61, for a total value of $111,688.00. Following the sale, the director owned 62,887 shares of the company's stock, valued at $8,779,654.07. The trade was a 1.26% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,485,632 shares of company stock valued at $191,222,623. 9.23% of the stock is owned by company insiders.

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.