Palantir Technologies Inc. (NASDAQ:PLTR) Shares Purchased by Money Concepts Capital Corp

Money Concepts Capital Corp lifted its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 8.6% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 51,276 shares of the company's stock after buying an additional 4,082 shares during the quarter. Money Concepts Capital Corp's holdings in Palantir Technologies were worth $4,328,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Godsey & Gibb Inc. lifted its holdings in shares of Palantir Technologies by 740.0% in the first quarter. Godsey & Gibb Inc. now owns 420 shares of the company's stock worth $35,000 after buying an additional 370 shares in the last quarter. First Command Advisory Services Inc. purchased a new stake in shares of Palantir Technologies during the 4th quarter valued at about $34,000. Summit Securities Group LLC bought a new stake in shares of Palantir Technologies in the 4th quarter valued at approximately $34,000. Fairfield Financial Advisors LTD bought a new stake in Palantir Technologies in the fourth quarter worth $35,000. Finally, Runnymede Capital Advisors Inc. purchased a new position in shares of Palantir Technologies during the 4th quarter worth about $36,000. Institutional investors own 45.65% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on PLTR. UBS Group restated a "positive" rating on shares of Palantir Technologies in a report on Wednesday, June 25th. DA Davidson raised their target price on shares of Palantir Technologies from $100.00 to $115.00 and gave the company a "neutral" rating in a research report on Tuesday, May 6th. Morgan Stanley lifted their price target on Palantir Technologies from $90.00 to $98.00 and gave the company an "equal weight" rating in a report on Tuesday, May 6th. Daiwa Capital Markets began coverage on shares of Palantir Technologies in a report on Tuesday, April 1st. They issued a "neutral" rating and a $90.00 price target on the stock. Finally, Royal Bank Of Canada restated an "underperform" rating on shares of Palantir Technologies in a research note on Tuesday, May 6th. Five research analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $89.32.

Palantir Technologies Trading Up 4.3%

PLTR traded up $5.58 during trading on Monday, hitting $136.32. The company's stock had a trading volume of 96,569,754 shares, compared to its average volume of 82,466,756. The business's fifty day simple moving average is $125.24 and its 200 day simple moving average is $99.81. The firm has a market capitalization of $321.70 billion, a price-to-earnings ratio of 592.70, a P/E/G ratio of 11.16 and a beta of 2.64. Palantir Technologies Inc. has a twelve month low of $21.23 and a twelve month high of $148.22.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last posted its quarterly earnings data on Monday, May 5th. The company reported $0.13 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 revenue was up 39.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.08 EPS. As a group, equities research analysts forecast that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Jeffrey Buckley sold 1,708 shares of the business's stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $126.39, for a total value of $215,874.12. Following the sale, the insider now owns 34,468 shares in the company, valued at approximately $4,356,410.52. The trade was a 4.72% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Lauren Elaina Friedman Stat sold 800 shares of the stock in a transaction dated Thursday, April 3rd. The stock was sold at an average price of $81.25, for a total value of $65,000.00. Following the transaction, the director now directly owns 61,339 shares in the company, valued at approximately $4,983,793.75. The trade was a 1.29% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,408,748 shares of company stock valued at $180,327,603. 12.93% of the stock is currently owned by insiders.

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.