Realta Investment Advisors Grows Stock Position in Palantir Technologies Inc. (NASDAQ:PLTR)

Realta Investment Advisors boosted its position in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 80.4% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 25,300 shares of the company's stock after buying an additional 11,272 shares during the quarter. Palantir Technologies makes up about 1.0% of Realta Investment Advisors' holdings, making the stock its 23rd largest position. Realta Investment Advisors' holdings in Palantir Technologies were worth $2,135,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Richardson Capital Management LLC purchased a new stake in Palantir Technologies in the first quarter worth $33,000. Cornerstone Planning Group LLC boosted its holdings in shares of 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. Summit Securities Group LLC bought a new position in shares of Palantir Technologies in the fourth quarter worth $34,000. Atlantic Edge Private Wealth Management LLC boosted its holdings in shares of Palantir Technologies by 45.5% in the first quarter. Atlantic Edge Private Wealth Management LLC now owns 400 shares of the company's stock worth $34,000 after acquiring an additional 125 shares during the period. Finally, Godsey & Gibb Inc. boosted its holdings in shares of Palantir Technologies by 740.0% in the first quarter. Godsey & Gibb Inc. now owns 420 shares of the company's stock worth $35,000 after acquiring an additional 370 shares during the period. 45.65% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

PLTR has been the subject of a number of analyst reports. Morgan Stanley raised their price target on Palantir Technologies from $90.00 to $98.00 and gave the stock an "equal weight" rating in a report on Tuesday, May 6th. Deutsche Bank Aktiengesellschaft reaffirmed a "sell" rating on shares of Palantir Technologies in a report on Tuesday, May 6th. DA Davidson raised their price target on Palantir Technologies from $100.00 to $115.00 and gave the stock a "neutral" rating in a report on Tuesday, May 6th. Daiwa Capital Markets initiated coverage on Palantir Technologies in a report on Tuesday, April 1st. They issued a "neutral" rating and a $90.00 price target for the company. Finally, Cantor Fitzgerald raised their price target on Palantir Technologies from $98.00 to $110.00 and gave the stock a "neutral" rating in a report on Tuesday, May 6th. Five research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $89.32.

Palantir Technologies Price Performance

NASDAQ PLTR traded down $0.40 during trading hours on Friday, reaching $142.10. 52,005,962 shares of the stock traded hands, compared to its average volume of 83,116,240. The stock has a 50 day simple moving average of $130.81 and a two-hundred day simple moving average of $103.66. Palantir Technologies Inc. has a 1 year low of $21.23 and a 1 year high of $148.22. The company has a market cap of $335.34 billion, a price-to-earnings ratio of 617.83, a price-to-earnings-growth ratio of 12.16 and a beta of 2.59.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last released 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 return on equity of 6.55% and a net margin of 18.32%. The business had revenue of $883.86 million for the quarter, compared to the consensus estimate of $863.89 million. During the same quarter last year, the business posted $0.08 earnings per share. The company's revenue for the quarter was up 39.4% on a year-over-year basis. On average, sell-side analysts forecast that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, Director Lauren Elaina Friedman Stat sold 800 shares of the firm's stock in a transaction dated Wednesday, July 9th. The stock was sold at an average price of $139.61, for a total transaction of $111,688.00. Following the sale, the director owned 62,887 shares in the company, valued at $8,779,654.07. This trade represents a 1.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Ryan D. Taylor sold 33,335 shares of Palantir Technologies stock in a transaction dated Tuesday, July 1st. The stock was 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 owned 363,755 shares in the company, valued at approximately $49,219,689.05. This represents a 8.39% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,452,297 shares of company stock valued at $186,222,373. 9.23% of the stock is currently owned by company insiders.

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.