6,586 Shares in Palantir Technologies Inc. (NASDAQ:PLTR) Purchased by Register Financial Advisors LLC

Register Financial Advisors LLC acquired a new position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 6,586 shares of the company's stock, valued at approximately $556,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Tallon Kerry Patrick acquired a new stake in shares of Palantir Technologies in the 4th quarter valued at $289,000. Union Bancaire Privee UBP SA bought a new position in Palantir Technologies in the fourth quarter valued at about $15,177,000. Revolve Wealth Partners LLC acquired a new stake in Palantir Technologies in the fourth quarter worth about $450,000. Strategic Financial Concepts LLC bought a new stake in Palantir Technologies during the 4th quarter worth about $245,000. Finally, Mattern Capital Management LLC acquired a new position in Palantir Technologies during the 4th quarter valued at about $345,000. Institutional investors and hedge funds own 45.65% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on PLTR. William Blair set a $84.00 price target on shares of Palantir Technologies in a research note on Wednesday, March 5th. Loop Capital set a $155.00 target price on shares of Palantir Technologies and gave the company a "buy" rating in a research report on Thursday, June 12th. UBS Group raised their price target on Palantir Technologies from $105.00 to $110.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 6th. Morgan Stanley lifted their price objective on Palantir Technologies from $90.00 to $98.00 and gave the stock an "equal weight" rating in a research note on Tuesday, May 6th. Finally, DA Davidson raised their target price on Palantir Technologies from $100.00 to $115.00 and gave the stock a "neutral" rating in a report on Tuesday, May 6th. Five investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $89.32.

Palantir Technologies Trading Up 2.4%

Shares of Palantir Technologies stock traded up $3.31 during trading on Tuesday, reaching $143.23. The stock had a trading volume of 58,439,733 shares, compared to its average volume of 81,090,291. The company has a market capitalization of $338.01 billion, a price-to-earnings ratio of 622.74, a P/E/G ratio of 11.72 and a beta of 2.64. Palantir Technologies Inc. has a 52 week low of $21.23 and a 52 week high of $144.86. The stock has a fifty day moving average price of $121.59 and a two-hundred day moving average price of $97.91.

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, hitting analysts' consensus estimates of $0.13. The business had revenue of $883.86 million for the quarter, compared to analyst estimates of $863.89 million. Palantir Technologies had a net margin of 18.32% and a return on equity of 6.55%. The firm's revenue for the quarter was up 39.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.08 earnings per share. On average, equities analysts forecast that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Insider Transactions at Palantir Technologies

In other news, insider Shyam Sankar sold 405,000 shares of the company's stock in a transaction that occurred on Tuesday, June 10th. The stock was sold at an average price of $132.08, for a total transaction of $53,492,400.00. Following the sale, the insider now owns 702,786 shares in the company, valued at $92,823,974.88. This represents a 36.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Ryan D. Taylor sold 98,177 shares of the stock in a transaction that occurred on Monday, March 31st. The shares were sold at an average price of $82.80, for a total value of $8,129,055.60. Following the completion of the sale, the insider now directly owns 403,171 shares of the company's stock, valued at approximately $33,382,558.80. The trade was a 19.58% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,506,925 shares of company stock worth $188,456,658 in the last three months. Insiders own 12.93% of the company's stock.

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.