Simon Quick Advisors LLC Has $1.27 Million Stock Holdings in Palantir Technologies Inc. (NASDAQ:PLTR)

Simon Quick Advisors LLC increased its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 36.6% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,024 shares of the company's stock after purchasing an additional 4,025 shares during the period. Simon Quick Advisors LLC's holdings in Palantir Technologies were worth $1,268,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Geode Capital Management LLC raised its position in 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 purchasing an additional 4,127,306 shares during the last quarter. Northern Trust Corp increased its stake 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 acquiring an additional 3,299,779 shares during the last quarter. Norges Bank acquired 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 purchasing an additional 2,818,090 shares during the period. Finally, Invesco Ltd. raised its stake 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 purchasing an additional 3,509,311 shares during the period. 45.65% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on PLTR. William Blair set a $84.00 price objective on Palantir Technologies in a report on Wednesday, March 5th. Mizuho boosted their price target on Palantir Technologies from $94.00 to $116.00 and gave the stock an "underperform" rating in a research report on Wednesday, June 11th. Citigroup increased their price objective on Palantir Technologies from $110.00 to $115.00 and gave the company a "neutral" rating in a report on Thursday, May 8th. Morgan Stanley boosted their target price on shares of Palantir Technologies from $90.00 to $98.00 and gave the stock an "equal weight" rating in a report on Tuesday, May 6th. Finally, DA Davidson increased their price target on shares of Palantir Technologies from $100.00 to $115.00 and gave the company a "neutral" rating in a research note on Tuesday, May 6th. Five analysts have rated the stock with a sell rating, fifteen have issued a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, Palantir Technologies has a consensus rating of "Hold" and a consensus target price of $86.30.

Palantir Technologies Trading Up 3.2%

NASDAQ PLTR traded up $4.46 during midday trading on Monday, hitting $141.86. The company had a trading volume of 67,120,213 shares, compared to its average volume of 80,972,926. The firm has a 50-day moving average price of $115.48 and a 200-day moving average price of $95.01. The company has a market capitalization of $334.78 billion, a PE ratio of 747.03, a P/E/G ratio of 10.84 and a beta of 2.64. Palantir Technologies Inc. has a twelve month low of $21.23 and a twelve month high of $144.74.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last posted its quarterly earnings results on Monday, May 5th. The company reported $0.13 earnings per share for the quarter, meeting analysts' consensus estimates of $0.13. Palantir Technologies had a net margin of 16.13% and a return on equity of 6.85%. The company had revenue of $883.86 million for the quarter, compared to the consensus estimate of $863.89 million. During the same period last year, the company posted $0.08 EPS. The firm's quarterly revenue was up 39.4% compared to the same quarter last year. On average, equities analysts anticipate that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Insider Buying and Selling

In other news, insider Heather A. Planishek acquired 10,000 shares of Palantir Technologies stock in a transaction dated Thursday, May 8th. The shares were bought at an average cost of $116.14 per share, with a total value of $1,161,400.00. Following the purchase, the insider now owns 58,006 shares in the company, valued at $6,736,816.84. This trade represents a 20.83% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Lauren Elaina Friedman Stat sold 800 shares of the company's stock in a transaction on Thursday, April 3rd. The shares were sold at an average price of $81.25, for a total transaction of $65,000.00. Following the sale, the director now directly owns 61,339 shares in the company, valued at $4,983,793.75. This trade represents a 1.29% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,506,925 shares of company stock worth $188,456,658 in the last 90 days. Insiders own 9.23% of the company's stock.

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.