Ignite Planners LLC Has $1.29 Million Holdings in Palantir Technologies Inc. (NASDAQ:PLTR)

Ignite Planners LLC grew its holdings in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 14.0% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,296 shares of the company's stock after acquiring an additional 1,879 shares during the period. Ignite Planners LLC's holdings in Palantir Technologies were worth $1,291,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the company. Revolve Wealth Partners LLC bought a new stake in Palantir Technologies during the 4th quarter worth about $450,000. Proficio Capital Partners LLC acquired a new stake in shares of Palantir Technologies in the fourth quarter valued at approximately $522,000. Thrivent Financial for Lutherans raised its holdings in shares of Palantir Technologies by 0.7% in the fourth quarter. Thrivent Financial for Lutherans now owns 92,313 shares of the company's stock valued at $6,900,000 after purchasing an additional 657 shares during the last quarter. Lee Danner & Bass Inc. acquired a new position in Palantir Technologies during the fourth quarter worth $38,000. Finally, TD Private Client Wealth LLC boosted its position in Palantir Technologies by 14.2% during the fourth quarter. TD Private Client Wealth LLC now owns 5,417 shares of the company's stock worth $410,000 after purchasing an additional 672 shares during the period. 45.65% of the stock is owned by institutional investors.

Palantir Technologies Trading Up 3.5%

Shares of Palantir Technologies stock traded up $5.44 during trading hours on Friday, reaching $160.30. 33,949,612 shares of the company's stock were exchanged, compared to its average volume of 93,865,031. The firm has a market capitalization of $378.30 billion, a price-to-earnings ratio of 693.25, a price-to-earnings-growth ratio of 13.20 and a beta of 2.59. The company has a fifty day moving average of $136.44 and a 200-day moving average of $108.24. Palantir Technologies Inc. has a 52-week low of $21.23 and a 52-week high of $160.06.

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 the consensus estimate of $0.13. The firm 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%. The firm's quarterly revenue was up 39.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.08 EPS. On average, equities research analysts anticipate that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

Insider Transactions at Palantir Technologies

In related news, insider Ryan D. Taylor sold 35,480 shares of the business's stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $126.39, for a total transaction of $4,484,317.20. Following the sale, the insider owned 367,691 shares of the company's stock, valued at $46,472,465.49. The trade was a 8.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider David A. Glazer sold 30,812 shares of the company's stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of $126.39, for a total value of $3,894,328.68. Following the completion of the transaction, the insider directly owned 495,497 shares in the company, valued at $62,625,865.83. This represents a 5.85% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,485,632 shares of company stock valued at $191,222,623 over the last ninety days. Insiders own 9.23% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on PLTR. Piper Sandler initiated coverage on shares of Palantir Technologies in a research report on Friday. They issued an "overweight" rating and a $170.00 target price for the company. Citigroup raised their price objective 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. Daiwa America upgraded Palantir Technologies to a "hold" rating in a report on Tuesday, April 1st. The Goldman Sachs Group lifted their target price on Palantir Technologies from $80.00 to $90.00 and gave the stock a "neutral" rating in a research note on Tuesday, May 6th. Finally, Royal Bank Of Canada reissued an "underperform" rating on shares of Palantir Technologies in a report on Tuesday, May 6th. Four investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $95.30.

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.