Calton & Associates Inc. Has $3.49 Million Stock Position in Palantir Technologies Inc. (NASDAQ:PLTR)

Calton & Associates Inc. grew its position in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 1,086.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 41,340 shares of the company's stock after purchasing an additional 37,855 shares during the quarter. Calton & Associates Inc.'s holdings in Palantir Technologies were worth $3,489,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Geode Capital Management LLC grew its position in shares of Palantir Technologies by 8.6% in the 4th quarter. Geode Capital Management LLC now owns 52,074,232 shares of the company's stock valued at $3,929,401,000 after buying an additional 4,127,306 shares during the last quarter. Northern Trust Corp grew its position in shares of Palantir Technologies by 20.4% in the 4th quarter. Northern Trust Corp now owns 19,488,465 shares of the company's stock valued at $1,473,913,000 after buying an additional 3,299,779 shares during the last quarter. Norges Bank purchased a new position in shares of Palantir Technologies in the 4th quarter valued at $1,360,191,000. FMR LLC grew its position in shares of Palantir Technologies by 22.6% in the 4th quarter. FMR LLC now owns 15,296,371 shares of the company's stock valued at $1,156,864,000 after buying an additional 2,818,090 shares during the last quarter. Finally, Invesco Ltd. grew its position in shares of Palantir Technologies by 31.2% in the 4th quarter. Invesco Ltd. now owns 14,748,240 shares of the company's stock valued at $1,115,409,000 after buying an additional 3,509,311 shares during the last quarter. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Palantir Technologies Price Performance

PLTR traded down $0.47 during midday trading on Friday, reaching $153.52. 45,673,387 shares of the company's stock were exchanged, compared to its average volume of 83,425,650. The stock has a market capitalization of $362.29 billion, a PE ratio of 667.48, a P/E/G ratio of 13.11 and a beta of 2.59. The business's 50-day moving average price is $134.33 and its 200 day moving average price is $106.36. Palantir Technologies Inc. has a 1-year low of $21.23 and a 1-year high of $155.68.

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

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. UBS Group reissued a "positive" rating on shares of Palantir Technologies in a research report on Wednesday, June 25th. Deutsche Bank Aktiengesellschaft reissued a "sell" rating on shares of Palantir Technologies in a research report on Tuesday, May 6th. Cantor Fitzgerald raised their price objective on shares of Palantir Technologies from $98.00 to $110.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 6th. Wedbush set a $160.00 price objective on shares of Palantir Technologies in a research report on Thursday, July 10th. Finally, 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. Four equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $91.37.

Insiders Place Their Bets

In other Palantir Technologies news, insider Ryan D. Taylor sold 33,335 shares of Palantir Technologies stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $150.00, for a total transaction of $5,000,250.00. Following the sale, the insider owned 363,755 shares of the company's stock, valued at $54,563,250. The trade was a 8.39% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Shyam Sankar sold 405,000 shares of Palantir Technologies stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $132.08, for a total value of $53,492,400.00. Following the sale, the insider directly owned 702,786 shares in the company, valued at $92,823,974.88. The trade was a 36.56% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,485,632 shares of company stock worth $191,222,623. 9.23% 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.