Palantir Technologies Inc. (NASDAQ:PLTR) Shares Acquired by UNICOM Systems Inc.

UNICOM Systems Inc. raised its position in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 321.6% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 748,500 shares of the company's stock after purchasing an additional 570,963 shares during the period. Palantir Technologies makes up about 12.9% of UNICOM Systems Inc.'s investment portfolio, making the stock its 3rd biggest holding. UNICOM Systems Inc.'s holdings in Palantir Technologies were worth $63,173,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Richardson Capital Management LLC bought a new stake in shares of Palantir Technologies during the first quarter worth $33,000. Cornerstone Planning Group LLC increased its position in shares of Palantir Technologies by 90.2% during the first quarter. Cornerstone Planning Group LLC now owns 390 shares of the company's stock worth $33,000 after acquiring an additional 185 shares in the last quarter. Summit Securities Group LLC bought a new stake in shares of Palantir Technologies during the fourth quarter worth $34,000. Atlantic Edge Private Wealth Management LLC increased its position in shares of Palantir Technologies by 45.5% during the first quarter. Atlantic Edge Private Wealth Management LLC now owns 400 shares of the company's stock worth $34,000 after acquiring an additional 125 shares in the last quarter. Finally, Godsey & Gibb Inc. increased its position in shares of Palantir Technologies by 740.0% during the first quarter. Godsey & Gibb Inc. now owns 420 shares of the company's stock worth $35,000 after acquiring an additional 370 shares in the last quarter. Institutional investors own 45.65% of the company's stock.

Insider Activity at Palantir Technologies

In other Palantir Technologies news, Director Eric H. Woersching sold 10,214 shares of Palantir Technologies stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $130.95, for a total value of $1,337,523.30. Following the completion of the sale, the director owned 2,348 shares in the company, valued at $307,470.60. The trade was a 81.31% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Ryan D. Taylor sold 33,335 shares of Palantir Technologies stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $135.31, for a total transaction of $4,510,558.85. Following the completion of the sale, the insider owned 363,755 shares of the company's stock, valued at $49,219,689.05. This trade represents a 8.39% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,452,297 shares of company stock worth $186,222,373 in the last quarter. 12.93% of the stock is owned by corporate insiders.

Palantir Technologies Stock Up 0.2%

Shares of NASDAQ PLTR traded up $0.24 during mid-day trading on Tuesday, reaching $149.39. 31,458,741 shares of the company were exchanged, compared to its average volume of 83,124,059. The company's 50-day simple moving average is $131.31 and its 200-day simple moving average is $104.45. The stock has a market capitalization of $352.54 billion, a P/E ratio of 649.32, a P/E/G ratio of 12.13 and a beta of 2.59. Palantir Technologies Inc. has a twelve month low of $21.23 and a twelve month high of $150.57.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last posted its earnings results on Monday, May 5th. The company reported $0.13 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.13. The company had revenue of $883.86 million during the quarter, compared to analysts' expectations of $863.89 million. Palantir Technologies had a net margin of 18.32% and a return on equity of 6.55%. Palantir Technologies's quarterly revenue was up 39.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.08 EPS. As a group, equities research analysts expect that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on PLTR. UBS Group reissued a "positive" rating on shares of Palantir Technologies in a research report on Wednesday, June 25th. Royal Bank Of Canada restated an "underperform" rating on shares of Palantir Technologies in a report on Tuesday, May 6th. Loop Capital set a $155.00 target price on shares of Palantir Technologies and gave the stock a "buy" rating in a report on Thursday, June 12th. Wedbush set a $160.00 target price on shares of Palantir Technologies in a report on Thursday. Finally, The Goldman Sachs Group increased their target price on shares of Palantir Technologies from $80.00 to $90.00 and gave the stock a "neutral" rating in a report on Tuesday, May 6th. Five equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Palantir Technologies currently has an average rating of "Hold" and a consensus target price of $90.37.

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.