Strong Tower Advisory Services Has $1.48 Million Holdings in Palantir Technologies Inc. (NASDAQ:PLTR)

Strong Tower Advisory Services trimmed its position in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 41.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,955 shares of the company's stock after selling 13,614 shares during the quarter. Strong Tower Advisory Services' holdings in Palantir Technologies were worth $1,475,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in PLTR. Continuum Advisory LLC grew its position in Palantir Technologies by 3.8% in the 4th quarter. Continuum Advisory LLC now owns 2,670 shares of the company's stock worth $202,000 after purchasing an additional 98 shares during the last quarter. Heritage Wealth Management Inc. CA grew its holdings in Palantir Technologies by 0.4% in the 4th quarter. Heritage Wealth Management Inc. CA now owns 29,024 shares of the company's stock worth $2,195,000 after buying an additional 111 shares in the last quarter. True Wealth Design LLC grew its holdings in Palantir Technologies by 29.3% in the 4th quarter. True Wealth Design LLC now owns 503 shares of the company's stock worth $38,000 after buying an additional 114 shares in the last quarter. Westover Capital Advisors LLC increased its position in Palantir Technologies by 1.8% in the 4th quarter. Westover Capital Advisors LLC now owns 7,330 shares of the company's stock valued at $554,000 after acquiring an additional 130 shares during the period. Finally, Tritonpoint Wealth LLC raised its stake in Palantir Technologies by 1.9% during the 4th quarter. Tritonpoint Wealth LLC now owns 7,100 shares of the company's stock valued at $537,000 after acquiring an additional 132 shares in the last quarter. 45.65% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Palantir Technologies

In related news, insider Ryan D. Taylor sold 3,936 shares of the stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $125.97, for a total value of $495,817.92. Following the transaction, the insider now owns 363,755 shares in the company, valued at approximately $45,822,217.35. This represents a 1.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Stephen Andrew Cohen sold 1,250,000 shares of Palantir Technologies stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $82.75, for a total transaction of $103,437,500.00. Following the completion of the sale, the insider now owns 592 shares of the company's stock, valued at $48,988. This trade represents a 99.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 3,901,701 shares of company stock valued at $370,407,533. Insiders own 9.23% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently commented on PLTR shares. Robert W. Baird raised their price target on Palantir Technologies from $70.00 to $100.00 and gave the company a "neutral" rating in a report on Tuesday, February 4th. Wedbush set a $140.00 target price on shares of Palantir Technologies and gave the company an "outperform" rating in a research note on Tuesday, May 6th. William Blair set a $84.00 price target on shares of Palantir Technologies in a research note on Wednesday, March 5th. Daiwa Capital Markets assumed coverage on shares of Palantir Technologies in a report on Tuesday, April 1st. They issued a "neutral" rating and a $90.00 price objective for the company. Finally, UBS Group boosted their target price on Palantir Technologies from $105.00 to $110.00 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 given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $83.95.

Palantir Technologies Trading Up 0.9%

PLTR stock traded up $1.13 during mid-day trading on Tuesday, reaching $133.17. 90,937,653 shares of the stock traded hands, compared to its average volume of 79,011,245. Palantir Technologies Inc. has a 52-week low of $21.01 and a 52-week high of $135.22. The stock's fifty day moving average is $106.69 and its 200-day moving average is $90.74. The company has a market cap of $314.27 billion, a P/E ratio of 700.93, 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 EPS for the quarter, hitting analysts' consensus estimates of $0.13. Palantir Technologies had a return on equity of 6.85% and a net margin of 16.13%. The firm had revenue of $883.86 million during the quarter, compared to analyst estimates of $863.89 million. During the same period last year, the company posted $0.08 EPS. The business's quarterly revenue was up 39.4% compared to the same quarter last year. Equities research analysts expect that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Palantir Technologies Company 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.