Parcion Private Wealth LLC Acquires 2,179 Shares of Palantir Technologies Inc. (NASDAQ:PLTR)

Parcion Private Wealth LLC boosted its holdings in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 12.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,751 shares of the company's stock after purchasing an additional 2,179 shares during the period. Parcion Private Wealth LLC's holdings in Palantir Technologies were worth $1,667,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Richardson Capital Management LLC bought a new stake in Palantir Technologies in the first quarter worth $33,000. Cornerstone Planning Group LLC raised its stake in shares of Palantir Technologies by 90.2% during the first quarter. Cornerstone Planning Group LLC now owns 390 shares of the company's stock valued at $33,000 after acquiring an additional 185 shares during the last quarter. Summit Securities Group LLC bought a new position in shares of Palantir Technologies during the fourth quarter valued at about $34,000. Atlantic Edge Private Wealth Management LLC raised its stake in shares of Palantir Technologies by 45.5% during 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 during the last quarter. Finally, Godsey & Gibb Inc. raised its stake in shares of Palantir Technologies by 740.0% during the first quarter. Godsey & Gibb Inc. now owns 420 shares of the company's stock valued at $35,000 after acquiring an additional 370 shares during the last quarter. 45.65% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently commented on PLTR shares. Mizuho raised shares of Palantir Technologies from an "underperform" rating to a "neutral" rating and upped their price objective for the company from $116.00 to $135.00 in a research note on Wednesday. Daiwa Capital Markets started coverage on shares of Palantir Technologies in a research note on Tuesday, April 1st. They set a "neutral" rating and a $90.00 price objective for the company. Deutsche Bank Aktiengesellschaft reaffirmed a "sell" rating on shares of Palantir Technologies in a research note on Tuesday, May 6th. Wedbush set a $160.00 price objective on shares of Palantir Technologies in a research note on Thursday, July 10th. Finally, Morgan Stanley increased their price target on shares of Palantir Technologies from $90.00 to $98.00 and gave the stock an "equal weight" rating in a research note on Tuesday, May 6th. Four investment 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. Based on data from MarketBeat, Palantir Technologies currently has an average rating of "Hold" and a consensus price target of $91.37.

Palantir Technologies Stock Down 0.3%

PLTR traded down $0.47 during trading on Friday, hitting $153.52. The company's stock had a trading volume of 45,673,387 shares, compared to its average volume of 83,290,274. Palantir Technologies Inc. has a one year low of $21.23 and a one year high of $155.68. The firm has a market cap of $362.29 billion, a PE ratio of 667.48, a P/E/G ratio of 13.15 and a beta of 2.59. The business's 50 day simple moving average is $134.33 and its 200-day simple moving average is $106.15.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last announced 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 for the quarter, compared to the consensus estimate of $863.89 million. Palantir Technologies had a net margin of 18.32% and a return on equity of 6.55%. The company's revenue was up 39.4% on a year-over-year basis. During the same period last year, the firm earned $0.08 EPS. Equities research analysts expect that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Insider Activity

In related news, Director Eric H. Woersching sold 10,214 shares of Palantir Technologies stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $130.95, for a total transaction of $1,337,523.30. Following the completion of the transaction, the director directly owned 2,348 shares of the company's stock, valued at approximately $307,470.60. The trade was a 81.31% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Ryan D. Taylor sold 33,335 shares of Palantir Technologies stock in a transaction dated 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 transaction, the insider directly owned 363,755 shares of the company's stock, valued at approximately $54,563,250. This represents a 8.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,485,632 shares of company stock worth $191,222,623. 9.23% of the stock is currently owned by insiders.

About Palantir Technologies

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.