Palantir Technologies Inc. (NASDAQ:PLTR) Shares Acquired by Stratos Wealth Partners LTD.

Stratos Wealth Partners LTD. boosted its position in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 3.6% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 192,547 shares of the company's stock after buying an additional 6,686 shares during the quarter. Stratos Wealth Partners LTD.'s holdings in Palantir Technologies were worth $16,251,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Revolve Wealth Partners LLC purchased a new stake in shares of Palantir Technologies in the fourth quarter worth about $450,000. Assetmark Inc. boosted its stake in shares of Palantir Technologies by 46.3% during the fourth quarter. Assetmark Inc. now owns 1,191 shares of the company's stock valued at $90,000 after purchasing an additional 377 shares during the period. Proficio Capital Partners LLC purchased a new position in shares of Palantir Technologies during the fourth quarter valued at approximately $522,000. Cullen Frost Bankers Inc. boosted its holdings in Palantir Technologies by 4,248.7% in the fourth quarter. Cullen Frost Bankers Inc. now owns 1,696 shares of the company's stock valued at $128,000 after acquiring an additional 1,657 shares in the last quarter. Finally, Andra AP fonden bought a new stake in Palantir Technologies in the fourth quarter valued at $454,000. 45.65% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently commented on PLTR shares. Royal Bank Of Canada restated an "underperform" rating on shares of Palantir Technologies in a report on Tuesday, May 6th. Wedbush set a $140.00 target price on shares of Palantir Technologies and gave the company an "outperform" rating in a research note on Tuesday, May 6th. The Goldman Sachs Group increased their price objective on shares of Palantir Technologies from $80.00 to $90.00 and gave the stock a "neutral" rating in a research note on Tuesday, May 6th. Mizuho increased their price objective on shares of Palantir Technologies from $94.00 to $116.00 and gave the stock an "underperform" rating in a research note on Wednesday, June 11th. Finally, Loop Capital set a $155.00 price target on Palantir Technologies and gave the stock a "buy" rating in a research note on Thursday, June 12th. Five analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $89.32.

Insiders Place Their Bets

In other Palantir Technologies news, insider Stephen Andrew Cohen sold 34,357 shares of the business's stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $125.96, for a total transaction of $4,327,607.72. Following the transaction, the insider owned 592 shares in the company, valued at $74,568.32. The trade was a 98.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Eric H. Woersching sold 10,214 shares of the business's stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $130.95, for a total value of $1,337,523.30. Following the transaction, the director owned 2,348 shares in the company, valued at approximately $307,470.60. This represents a 81.31% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,451,497 shares of company stock valued at $186,110,685. 12.93% of the stock is currently owned by company insiders.

Palantir Technologies Stock Performance

PLTR stock traded up $0.59 during midday trading on Tuesday, hitting $139.71. 59,671,979 shares of the stock were exchanged, compared to its average volume of 82,914,600. The stock's 50-day moving average price is $128.96 and its 200-day moving average price is $102.29. The stock has a market cap of $329.70 billion, a price-to-earnings ratio of 607.43, a PEG ratio of 11.47 and a beta of 2.59. Palantir Technologies Inc. has a fifty-two week low of $21.23 and a fifty-two week high of $148.22.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last released its quarterly earnings results on Monday, May 5th. The company reported $0.13 earnings per share for the quarter, hitting the consensus estimate of $0.13. The company 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%. Palantir Technologies's revenue was up 39.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.08 earnings per share. Research analysts anticipate that Palantir Technologies Inc. will post 0.31 EPS for the current year.

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.