RFG Advisory LLC Has $1.53 Million Stock Holdings in Palantir Technologies Inc. (NASDAQ:PLTR)

RFG Advisory LLC increased its holdings in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 74.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,107 shares of the company's stock after acquiring an additional 7,742 shares during the period. RFG Advisory LLC's holdings in Palantir Technologies were worth $1,528,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of PLTR. Tallon Kerry Patrick acquired a new stake in shares of Palantir Technologies during the 4th quarter valued at $289,000. Union Bancaire Privee UBP SA purchased a new stake in shares of Palantir Technologies during the fourth quarter worth $15,177,000. Revolve Wealth Partners LLC purchased a new stake in shares of Palantir Technologies during the fourth quarter worth $450,000. Stock Yards Bank & Trust Co. acquired a new stake in Palantir Technologies during the fourth quarter valued at $289,000. Finally, Trust Point Inc. purchased a new position in Palantir Technologies in the fourth quarter valued at about $419,000. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Palantir Technologies

In related news, insider Stephen Andrew Cohen sold 1,250,000 shares of the company's stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $85.30, for a total transaction of $106,625,000.00. Following the transaction, the insider now owns 592 shares in the company, valued at $50,497.60. This represents a 99.95% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Lauren Elaina Friedman Stat sold 800 shares of the stock in a transaction dated Thursday, April 3rd. The stock was sold at an average price of $81.25, for a total transaction of $65,000.00. Following the sale, the director now directly owns 61,339 shares in the company, valued at approximately $4,983,793.75. This represents a 1.29% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 3,894,925 shares of company stock valued at $369,820,528. Corporate insiders own 9.23% of the company's stock.

Analyst Ratings Changes

PLTR has been the subject of a number of recent research reports. DA Davidson raised their price target on Palantir Technologies from $100.00 to $115.00 and gave the stock a "neutral" rating in a research note on Tuesday, May 6th. Citigroup increased their price objective on Palantir Technologies from $110.00 to $115.00 and gave the stock a "neutral" rating in a report on Thursday, May 8th. Mizuho lifted their target price on shares of Palantir Technologies from $80.00 to $94.00 and gave the company an "underperform" rating in a research note on Tuesday, May 6th. Loop Capital boosted their target price on shares of Palantir Technologies from $125.00 to $130.00 and gave the stock a "buy" rating in a research report on Tuesday, May 6th. 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. Five research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Palantir Technologies presently has an average rating of "Hold" and an average price target of $83.95.

Palantir Technologies Trading Up 6.5%

NASDAQ:PLTR traded up $7.81 during trading hours on Friday, hitting $127.72. 86,933,462 shares of the company traded hands, compared to its average volume of 79,807,916. Palantir Technologies Inc. has a twelve month low of $21.23 and a twelve month high of $135.28. The firm has a 50-day moving average of $109.15 and a 200 day moving average of $91.71. The stock has a market capitalization of $301.41 billion, a price-to-earnings ratio of 672.25, a P/E/G ratio of 10.84 and a beta of 2.64.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last announced its quarterly earnings data on Monday, May 5th. The company reported $0.13 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.13. Palantir Technologies had a net margin of 16.13% and a return on equity of 6.85%. The company had revenue of $883.86 million during the quarter, compared to analysts' expectations of $863.89 million. During the same quarter in the prior year, the company posted $0.08 EPS. The business's revenue was up 39.4% on a year-over-year basis. Equities research analysts predict that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

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.