Planning Directions Inc. Makes New $329,000 Investment in Palantir Technologies Inc. (NASDAQ:PLTR)

Planning Directions Inc. bought a new stake in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 3,903 shares of the company's stock, valued at approximately $329,000.

Several other institutional investors and hedge funds have also modified their holdings of PLTR. Richardson Capital Management LLC acquired a new position in shares of Palantir Technologies during the first quarter worth approximately $33,000. Summit Securities Group LLC bought a new position in Palantir Technologies in the 4th quarter worth approximately $34,000. Atlantic Edge Private Wealth Management LLC lifted its holdings in Palantir Technologies by 45.5% during the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 400 shares of the company's stock worth $34,000 after buying an additional 125 shares in the last quarter. Godsey & Gibb Inc. boosted its position in Palantir Technologies by 740.0% in the 1st quarter. Godsey & Gibb Inc. now owns 420 shares of the company's stock valued at $35,000 after buying an additional 370 shares during the last quarter. Finally, Runnymede Capital Advisors Inc. acquired a new stake in shares of Palantir Technologies in the 4th quarter valued at $36,000. 45.65% of the stock is owned by institutional investors and hedge funds.

Palantir Technologies Stock Up 3.5%

Palantir Technologies stock traded up $4.76 during mid-day trading on Monday, hitting $139.12. 71,672,412 shares of the company's stock were exchanged, compared to its average volume of 83,006,448. The company's 50 day simple moving average is $128.47 and its 200-day simple moving average is $101.88. The firm has a market capitalization of $328.31 billion, a P/E ratio of 604.87, 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 EPS for the quarter, hitting analysts' consensus estimates of $0.13. Palantir Technologies had a return on equity of 6.55% and a net margin of 18.32%. The company had revenue of $883.86 million for the quarter, compared to analyst estimates of $863.89 million. During the same quarter last year, the firm posted $0.08 earnings per share. Palantir Technologies's revenue was up 39.4% compared to the same quarter last year. Research analysts expect that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Insider Activity

In related news, insider Ryan D. Taylor sold 33,335 shares of the company's stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $135.31, for a total value of $4,510,558.85. Following the completion of the transaction, the insider directly owned 363,755 shares of the company's stock, valued at approximately $49,219,689.05. This represents a 8.39% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider David A. Glazer sold 3,418 shares of the stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $125.97, for a total value of $430,565.46. Following the transaction, the insider owned 492,079 shares of the company's stock, valued at approximately $61,987,191.63. The trade was a 0.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,451,497 shares of company stock worth $186,110,685. Corporate insiders own 12.93% of the company's stock.

Wall Street Analysts Forecast Growth

PLTR has been the topic of several research reports. Morgan Stanley upped their price target on Palantir Technologies from $90.00 to $98.00 and gave the company an "equal weight" rating in a research note on Tuesday, May 6th. Loop Capital set a $155.00 price objective on Palantir Technologies and gave the stock a "buy" rating in a report on Thursday, June 12th. Deutsche Bank Aktiengesellschaft restated a "sell" rating on shares of Palantir Technologies in a research report on Tuesday, May 6th. UBS Group reiterated a "positive" rating on shares of Palantir Technologies in a research report on Wednesday, June 25th. Finally, Royal Bank Of Canada restated an "underperform" rating on shares of Palantir Technologies in a report on Tuesday, May 6th. Five equities 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 company's stock. According to MarketBeat, Palantir Technologies presently has a consensus rating of "Hold" and an average target price of $89.32.

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.