Palantir Technologies Inc. (NASDAQ:PLTR) Stock Position Boosted by Hartline Investment Corp

Hartline Investment Corp grew its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 1.6% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 185,983 shares of the company's stock after buying an additional 2,999 shares during the period. Palantir Technologies accounts for approximately 2.1% of Hartline Investment Corp's holdings, making the stock its 15th biggest holding. Hartline Investment Corp's holdings in Palantir Technologies were worth $15,697,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in PLTR. Baker Boyer National Bank acquired a new stake in Palantir Technologies during the first quarter worth about $227,000. Avantax Planning Partners Inc. grew its holdings in shares of Palantir Technologies by 6.2% during the 1st quarter. Avantax Planning Partners Inc. now owns 3,165 shares of the company's stock worth $267,000 after purchasing an additional 185 shares during the period. Calamos Advisors LLC acquired a new stake in Palantir Technologies during the 1st quarter worth approximately $53,406,000. Aviance Capital Partners LLC purchased a new position in Palantir Technologies in the first quarter valued at approximately $262,000. Finally, Conning Inc. lifted its position in Palantir Technologies by 22.2% during the first quarter. Conning Inc. now owns 10,873 shares of the company's stock valued at $918,000 after buying an additional 1,978 shares in the last quarter. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Palantir Technologies

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 completion of the transaction, the insider owned 592 shares in the company, valued at approximately $74,568.32. This represents a 98.31% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Eric H. Woersching sold 10,214 shares of the firm'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 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 disclosure for this sale can be found here. Insiders sold 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 Price Performance

PLTR traded up $2.15 during trading hours on Friday, hitting $134.27. 41,812,483 shares of the stock were exchanged, compared to its average volume of 82,906,073. The stock has a market cap of $316.85 billion, a price-to-earnings ratio of 1,119.67, a price-to-earnings-growth ratio of 11.47 and a beta of 2.59. The stock has a 50-day simple moving average of $128.04 and a 200-day simple moving average of $101.06. Palantir Technologies Inc. has a 12 month low of $21.23 and a 12 month high of $148.22.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last issued 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 firm had revenue of $883.86 million for 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 revenue was up 39.4% on a year-over-year basis. During the same quarter last year, the company posted $0.08 earnings per share. Sell-side analysts expect that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Analysts Set New Price Targets

Several research firms have issued reports on PLTR. Daiwa Capital Markets began coverage on shares of Palantir Technologies in a research note on Tuesday, April 1st. They set a "neutral" rating and a $90.00 price objective for the company. Citigroup upped their price target on shares of Palantir Technologies from $110.00 to $115.00 and gave the stock a "neutral" rating in a research report on Thursday, May 8th. Cantor Fitzgerald raised their price objective on Palantir Technologies from $98.00 to $110.00 and gave the company a "neutral" rating in a research report on Tuesday, May 6th. Mizuho boosted their price objective on Palantir Technologies from $94.00 to $116.00 and gave the stock an "underperform" rating in a research note on Wednesday, June 11th. Finally, Morgan Stanley increased their target price on Palantir Technologies from $90.00 to $98.00 and gave the company an "equal weight" rating in a research note on Tuesday, May 6th. Five analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $89.32.

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.