Palantir Technologies Inc. (NASDAQ:PLTR) Stock Holdings Boosted by Sloy Dahl & Holst LLC

Sloy Dahl & Holst LLC grew its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 9.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 131,940 shares of the company's stock after acquiring an additional 10,909 shares during the period. Palantir Technologies comprises 1.9% of Sloy Dahl & Holst LLC's portfolio, making the stock its 8th largest position. Sloy Dahl & Holst LLC's holdings in Palantir Technologies were worth $11,136,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Mechanics Financial Corp purchased a new stake in Palantir Technologies in the 1st quarter worth approximately $25,000. Richardson Capital Management LLC purchased a new stake in Palantir Technologies in the first quarter worth $33,000. Cornerstone Planning Group LLC lifted its stake in Palantir Technologies by 90.2% in the first quarter. Cornerstone Planning Group LLC now owns 390 shares of the company's stock worth $33,000 after acquiring an additional 185 shares during the period. Atlantic Edge Private Wealth Management LLC boosted its holdings in Palantir Technologies by 45.5% in the first quarter. Atlantic Edge Private Wealth Management LLC now owns 400 shares of the company's stock valued at $34,000 after acquiring an additional 125 shares in the last quarter. Finally, Godsey & Gibb Inc. increased its position in Palantir Technologies by 740.0% during the 1st quarter. Godsey & Gibb Inc. now owns 420 shares of the company's stock valued at $35,000 after purchasing an additional 370 shares during the period. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, insider Shyam Sankar sold 405,000 shares of the company's stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $132.08, for a total transaction of $53,492,400.00. Following the completion of the sale, the insider owned 702,786 shares of the company's stock, valued at $92,823,974.88. This represents a 36.56% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Lauren Elaina Friedman Stat sold 800 shares of the stock in a transaction that occurred on Wednesday, July 9th. The stock was sold at an average price of $139.61, for a total transaction of $111,688.00. Following the completion of the transaction, the director owned 62,887 shares in the company, valued at $8,779,654.07. This trade represents a 1.26% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,515,632 shares of company stock valued at $196,472,623 over the last ninety days. 9.23% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. DA Davidson set a $170.00 target price on shares of Palantir Technologies and gave the stock a "neutral" rating in a research report on Tuesday. Piper Sandler set a $182.00 price objective on shares of Palantir Technologies in a report on Tuesday. Deutsche Bank Aktiengesellschaft upgraded Palantir Technologies from a "sell" rating to a "hold" rating and upped their target price for the stock from $80.00 to $160.00 in a report on Tuesday. Citigroup raised their target price on Palantir Technologies from $158.00 to $177.00 and gave the company a "neutral" rating in a research note on Tuesday. Finally, Morgan Stanley set a $155.00 price target on Palantir Technologies and gave the stock an "equal weight" rating in a research note on Tuesday. Two investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $136.61.

Palantir Technologies Trading Up 1.5%

PLTR stock opened at $182.20 on Friday. The stock's 50 day simple moving average is $144.43 and its 200 day simple moving average is $114.82. Palantir Technologies Inc. has a 12-month low of $26.69 and a 12-month high of $184.48. The stock has a market capitalization of $429.98 billion, a PE ratio of 607.35, a price-to-earnings-growth ratio of 13.07 and a beta of 2.60.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last announced its quarterly earnings results on Monday, August 4th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.14 by $0.02. Palantir Technologies had a return on equity of 10.75% and a net margin of 22.18%. The firm had revenue of $1 billion for the quarter, compared to the consensus estimate of $939.29 million. During the same period in the prior year, the company posted $0.09 earnings per share. The company's quarterly revenue was up 48.0% on a year-over-year basis. On average, research analysts predict that Palantir Technologies Inc. will post 0.31 earnings per share 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.

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