Souders Financial Advisors bought a new position in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 2,606 shares of the company's stock, valued at approximately $220,000.
A number of other institutional investors and hedge funds have also bought and sold shares of PLTR. Mechanics Financial Corp purchased a new position in Palantir Technologies in the 1st quarter worth approximately $25,000. Cornerstone Planning Group LLC grew its stake 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 purchasing an additional 185 shares during the last quarter. Richardson Capital Management LLC bought a new position in Palantir Technologies during the 1st quarter valued at approximately $33,000. Atlantic Edge Private Wealth Management LLC lifted its holdings in Palantir Technologies by 45.5% in 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 during the period. Finally, CBIZ Investment Advisory Services LLC grew its position in shares of Palantir Technologies by 118.5% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 413 shares of the company's stock worth $35,000 after buying an additional 224 shares during the last quarter. 45.65% of the stock is currently owned by institutional investors.
Insider Activity at Palantir Technologies
In related news, insider Ryan D. Taylor sold 33,335 shares of the stock in a transaction dated Tuesday, July 15th. The stock was sold at an average price of $150.00, for a total transaction of $5,000,250.00. Following the completion of the sale, the insider owned 363,755 shares in the company, valued at approximately $54,563,250. This trade represents a 8.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Shyam Sankar sold 405,000 shares of the stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $132.08, for a total transaction of $53,492,400.00. Following the transaction, the insider directly owned 702,786 shares of the company's stock, valued at $92,823,974.88. This trade represents a 36.56% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,485,632 shares of company stock worth $191,222,623 in the last 90 days. Insiders own 12.93% of the company's stock.
Palantir Technologies Stock Down 0.3%
Shares of Palantir Technologies stock opened at $153.52 on Monday. Palantir Technologies Inc. has a twelve month low of $21.23 and a twelve month high of $155.68. The company's 50 day moving average is $134.33 and its 200 day moving average is $106.57. The company has a market cap of $362.29 billion, a price-to-earnings ratio of 667.48, a price-to-earnings-growth ratio of 13.11 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 (EPS) for the quarter, hitting analysts' consensus estimates of $0.13. The firm had revenue of $883.86 million for the quarter, compared to the consensus estimate of $863.89 million. Palantir Technologies had a return on equity of 6.55% and a net margin of 18.32%. The company's revenue for the quarter was up 39.4% on a year-over-year basis. During the same period last year, the business posted $0.08 EPS. Sell-side analysts expect that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
PLTR has been the topic of several recent analyst reports. Royal Bank Of Canada reiterated an "underperform" rating on shares of Palantir Technologies in a report on Tuesday, May 6th. Morgan Stanley upped their target price on Palantir Technologies from $90.00 to $98.00 and gave the stock an "equal weight" rating in a report on Tuesday, May 6th. Daiwa America upgraded Palantir Technologies to a "hold" rating in a research report on Tuesday, April 1st. Cantor Fitzgerald increased their price objective on Palantir Technologies from $98.00 to $110.00 and gave the stock a "neutral" rating in a report on Tuesday, May 6th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "sell" rating on shares of Palantir Technologies in a research report on Tuesday, May 6th. Four research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $91.37.
Get Our Latest Research Report on Palantir Technologies
Palantir Technologies Company Profile
(
Free Report)
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.
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