PDS Planning Inc Raises Holdings in Palantir Technologies Inc. (NASDAQ:PLTR)

PDS Planning Inc lifted its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 29.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,955 shares of the company's stock after acquiring an additional 1,833 shares during the period. PDS Planning Inc's holdings in Palantir Technologies were worth $671,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. First Command Advisory Services Inc. purchased a new stake in Palantir Technologies during the 4th quarter valued at approximately $34,000. Summit Securities Group LLC purchased a new stake in shares of Palantir Technologies during the fourth quarter worth approximately $34,000. Fairfield Financial Advisors LTD purchased a new stake in shares of Palantir Technologies during the fourth quarter worth approximately $35,000. Godsey & Gibb Inc. lifted its holdings in shares of Palantir Technologies by 740.0% during the first quarter. Godsey & Gibb Inc. now owns 420 shares of the company's stock worth $35,000 after purchasing an additional 370 shares during the period. Finally, Runnymede Capital Advisors Inc. purchased a new position in Palantir Technologies in the 4th quarter valued at $36,000. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Lauren Elaina Friedman Stat sold 800 shares of Palantir Technologies stock in a transaction on Thursday, April 3rd. The stock was sold at an average price of $81.25, for a total value of $65,000.00. Following the completion of the sale, the director now owns 61,339 shares of the company's stock, valued at $4,983,793.75. The trade was a 1.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Shyam Sankar sold 405,000 shares of the company's 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 completion of the transaction, the insider now owns 702,786 shares of the company's stock, valued at $92,823,974.88. The trade was a 36.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,506,925 shares of company stock valued at $188,456,658. Corporate insiders own 9.23% of the company's stock.

Palantir Technologies Stock Performance

NASDAQ:PLTR traded down $13.51 during mid-day trading on Friday, hitting $130.74. 200,764,922 shares of the company's stock traded hands, compared to its average volume of 82,053,666. The company has a market cap of $308.53 billion, a PE ratio of 568.43, a price-to-earnings-growth ratio of 12.20 and a beta of 2.64. The firm's 50 day simple moving average is $124.50 and its 200 day simple moving average is $99.02. Palantir Technologies Inc. has a 1 year low of $21.23 and a 1 year high of $148.22.

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

Analyst Ratings Changes

PLTR has been the subject of a number of analyst reports. Citigroup upped 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. Loop Capital set a $155.00 price target on shares of Palantir Technologies and gave the stock a "buy" rating in a report on Thursday, June 12th. Wedbush set a $140.00 price objective on shares of Palantir Technologies and gave the company an "outperform" rating in a research report on Tuesday, May 6th. DA Davidson boosted their target price on Palantir Technologies from $100.00 to $115.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 6th. Finally, Deutsche Bank Aktiengesellschaft reissued a "sell" rating on shares of Palantir Technologies in a report on Tuesday, May 6th. Five research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Palantir Technologies has a consensus rating of "Hold" and a consensus target price of $89.32.

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.