Strategic Investment Solutions Inc. IL Has $268,000 Holdings in Palantir Technologies Inc. (NASDAQ:PLTR)

Key Points

• Strategic Investment Solutions Inc. increased its stake in Palantir Technologies by 410.3%, acquiring 3,179 shares valued at $268,000.
• Insiders at Palantir Technologies have sold significant amounts of stock recently, with transactions amounting to over $191 million in the last three months.
• Analysts have provided mixed ratings on Palantir, with four analysts rating it as a sell and five rating it as a buy, leading to a consensus rating of "Hold."

Strategic Investment Solutions Inc. IL increased its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 410.3% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,179 shares of the company's stock after purchasing an additional 2,556 shares during the quarter. Strategic Investment Solutions Inc. IL's holdings in Palantir Technologies were worth $268,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of PLTR. Invesco Ltd. grew its position in Palantir Technologies by 31.2% in the fourth quarter. Invesco Ltd. now owns 14,748,240 shares of the company's stock valued at $1,115,409,000 after acquiring an additional 3,509,311 shares in the last quarter. Capital World Investors acquired a new stake in Palantir Technologies in the fourth quarter valued at approximately $253,816,000. Northern Trust Corp grew its position in Palantir Technologies by 20.4% in the fourth quarter. Northern Trust Corp now owns 19,488,465 shares of the company's stock valued at $1,473,913,000 after acquiring an additional 3,299,779 shares in the last quarter. Clear Street Derivatives LLC acquired a new stake in Palantir Technologies in the fourth quarter valued at approximately $216,953,000. Finally, Toronto Dominion Bank grew its position in Palantir Technologies by 266.2% in the fourth quarter. Toronto Dominion Bank now owns 3,932,955 shares of the company's stock valued at $297,449,000 after acquiring an additional 2,859,091 shares in the last quarter. Institutional investors and hedge funds own 45.65% of the company's stock.

Palantir Technologies Price Performance

Shares of NASDAQ PLTR traded up $14.56 during midday trading on Tuesday, reaching $175.22. 45,715,868 shares of the company traded hands, compared to its average volume of 91,995,594. Palantir Technologies Inc. has a 52 week low of $25.57 and a 52 week high of $176.33. The stock has a 50-day moving average price of $141.12 and a 200 day moving average price of $113.19. The company has a market cap of $413.51 billion, a price-to-earnings ratio of 757.60, a PEG ratio of 13.15 and a beta of 2.60.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last issued its quarterly earnings data on Monday, August 4th. The company reported $0.16 earnings per share for the quarter, beating analysts' consensus estimates of $0.14 by $0.02. Palantir Technologies had a net margin of 18.32% and a return on equity of 6.55%. The business had revenue of $1 billion for the quarter, compared to analysts' expectations of $939.29 million. During the same period in the previous year, the business earned $0.09 earnings per share. The company's revenue was up 48.0% on a year-over-year basis. As a group, analysts expect that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, Director Eric H. Woersching sold 10,214 shares of the business's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $130.95, for a total value of $1,337,523.30. Following the sale, the director directly owned 2,348 shares in the company, valued at approximately $307,470.60. The trade was a 81.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Ryan D. Taylor sold 33,335 shares of the business's 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 disclosure for this sale can be found here. Over the last quarter, insiders sold 1,485,632 shares of company stock valued at $191,222,623. 12.93% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several analysts have issued reports on PLTR shares. Royal Bank Of Canada increased their price objective on shares of Palantir Technologies from $40.00 to $45.00 and gave the company an "underperform" rating in a research report on Tuesday. Morgan Stanley increased their price objective on shares of Palantir Technologies from $90.00 to $98.00 and gave the company an "equal weight" rating in a research note on Tuesday, May 6th. The Goldman Sachs Group increased their price objective on shares of Palantir Technologies from $80.00 to $90.00 and gave the company a "neutral" rating in a research note on Tuesday, May 6th. Deutsche Bank Aktiengesellschaft upgraded shares of Palantir Technologies from a "sell" rating to a "hold" rating and increased their price objective for the company from $80.00 to $160.00 in a research note on Tuesday. Finally, Citigroup increased their price objective on shares of Palantir Technologies from $110.00 to $115.00 and gave the company a "neutral" rating in a research note on Thursday, May 8th. Three equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Palantir Technologies has a consensus rating of "Hold" and an average price target of $108.65.

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.