Optivise Advisory Services LLC Buys Shares of 3,302 Palantir Technologies Inc. (NASDAQ:PLTR)

Optivise Advisory Services LLC acquired a new position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 3,302 shares of the company's stock, valued at approximately $279,000.

Other hedge funds have also made changes to their positions in the company. Birch Hill Investment Advisors LLC raised its stake in Palantir Technologies by 22.8% during the 1st quarter. Birch Hill Investment Advisors LLC now owns 4,801 shares of the company's stock worth $405,000 after acquiring an additional 892 shares in the last quarter. San Luis Wealth Advisors LLC acquired a new position in Palantir Technologies in the first quarter valued at $221,000. PKO Investment Management Joint Stock Co purchased a new position in shares of Palantir Technologies during the first quarter worth about $3,376,000. Wagner Wealth Management LLC acquired a new stake in shares of Palantir Technologies during the first quarter worth about $246,000. Finally, Chicago Capital LLC increased its position in shares of Palantir Technologies by 68.7% during the first quarter. Chicago Capital LLC now owns 244,883 shares of the company's stock worth $20,668,000 after purchasing an additional 99,728 shares in the last quarter. Hedge funds and other institutional investors own 45.65% of the company's stock.

Palantir Technologies Trading Up 1.3%

Shares of PLTR traded up $1.76 during trading hours on Wednesday, reaching $139.96. The company had a trading volume of 58,100,428 shares, compared to its average volume of 80,990,419. Palantir Technologies Inc. has a 12-month low of $21.23 and a 12-month high of $144.86. The firm has a 50 day simple moving average of $117.68 and a 200-day simple moving average of $95.83. The company has a market capitalization of $330.29 billion, a price-to-earnings ratio of 608.52, a PEG ratio of 11.93 and a beta of 2.64.

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. Sell-side analysts forecast that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft restated a "sell" rating on shares of Palantir Technologies in a research note on Tuesday, May 6th. Royal Bank Of Canada reissued an "underperform" rating on shares of Palantir Technologies in a report on Tuesday, May 6th. William Blair set a $84.00 target price on shares of Palantir Technologies in a report on Wednesday, March 5th. Citigroup upped their price target 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. Finally, Daiwa America upgraded shares of Palantir Technologies to a "hold" rating in a research note on Tuesday, April 1st. Five analysts have rated the stock with a sell rating, fifteen have issued a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $89.32.

Insider Activity at Palantir Technologies

In other news, Director Lauren Elaina Friedman Stat sold 800 shares of the firm's stock in a transaction that occurred on Thursday, April 3rd. The shares were sold at an average price of $81.25, for a total transaction of $65,000.00. Following the completion of the transaction, the director now directly owns 61,339 shares of the company's stock, valued at $4,983,793.75. This trade represents a 1.29% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Ryan D. Taylor sold 98,177 shares of Palantir Technologies stock in a transaction that occurred on Monday, March 31st. The stock was sold at an average price of $82.80, for a total value of $8,129,055.60. Following the transaction, the insider now owns 403,171 shares of the company's stock, valued at $33,382,558.80. This represents a 19.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,506,925 shares of company stock valued at $188,456,658 in the last ninety days. Corporate insiders own 9.23% of the company's stock.

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.