TriaGen Wealth Management LLC boosted its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 198.6% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 33,259 shares of the company's stock after buying an additional 22,120 shares during the period. Palantir Technologies makes up approximately 1.0% of TriaGen Wealth Management LLC's investment portfolio, making the stock its 21st largest position. TriaGen Wealth Management LLC's holdings in Palantir Technologies were worth $2,807,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Mechanics Financial Corp acquired a new stake in Palantir Technologies during the first quarter worth about $25,000. Cornerstone Planning Group LLC lifted its holdings 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 acquiring an additional 185 shares during the last quarter. Richardson Capital Management LLC bought a new position in shares of Palantir Technologies in the first quarter worth about $33,000. Atlantic Edge Private Wealth Management LLC lifted its holdings in shares of Palantir Technologies by 45.5% in the first quarter. Atlantic Edge Private Wealth Management LLC now owns 400 shares of the company's stock worth $34,000 after acquiring an additional 125 shares during the last quarter. Finally, CBIZ Investment Advisory Services LLC lifted its holdings in shares of Palantir Technologies by 118.5% in the first quarter. CBIZ Investment Advisory Services LLC now owns 413 shares of the company's stock worth $35,000 after acquiring an additional 224 shares during the last quarter. 45.65% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
PLTR has been the subject of a number of research reports. Morgan Stanley set a $155.00 target price on shares of Palantir Technologies and gave the stock an "equal weight" rating in a report on Tuesday, August 5th. Bank of America increased their target price on shares of Palantir Technologies from $150.00 to $180.00 and gave the stock a "buy" rating in a report on Tuesday, August 5th. Royal Bank Of Canada increased their target price on shares of Palantir Technologies from $40.00 to $45.00 and gave the stock an "underperform" rating in a report on Tuesday, August 5th. Citigroup reissued a "neutral" rating and issued a $177.00 target price (up previously from $158.00) on shares of Palantir Technologies in a report on Tuesday, August 5th. Finally, Cantor Fitzgerald increased their target price on shares of Palantir Technologies from $110.00 to $155.00 and gave the stock a "neutral" rating in a report on Tuesday, August 5th. Two research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Palantir Technologies has a consensus rating of "Hold" and a consensus target price of $136.61.
Get Our Latest Stock Analysis on Palantir Technologies
Insider Activity
In other Palantir Technologies news, insider Alexander C. Karp sold 358,982 shares of the firm's stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $126.39, for a total transaction of $45,371,734.98. Following the completion of the transaction, the insider owned 6,432,258 shares in the company, valued at approximately $812,973,088.62. This trade represents a 5.29% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Shyam Sankar sold 405,000 shares of the firm'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 transaction, the insider owned 702,786 shares of the company's stock, valued at approximately $92,823,974.88. The trade was a 36.56% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,515,632 shares of company stock worth $196,472,623. 9.23% of the stock is owned by insiders.
Palantir Technologies Stock Performance
Palantir Technologies stock opened at $177.17 on Friday. Palantir Technologies Inc. has a 52-week low of $29.31 and a 52-week high of $190.00. The firm has a 50 day moving average price of $151.03 and a two-hundred day moving average price of $119.48. The firm has a market cap of $418.11 billion, a price-to-earnings ratio of 590.59, a PEG ratio of 9.99 and a beta of 2.60.
Palantir Technologies (NASDAQ:PLTR - Get Free Report) last released its quarterly earnings results on Monday, August 4th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.02. Palantir Technologies had a net margin of 22.18% and a return on equity of 10.75%. The firm had revenue of $1 billion during the quarter, compared to analyst estimates of $939.29 million. During the same quarter last year, the business earned $0.09 EPS. The company's revenue was up 48.0% compared to the same quarter last year. As a group, equities research analysts predict that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.
About Palantir Technologies
(
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.
See Also
Want to see what other hedge funds are holding PLTR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Palantir Technologies Inc. (NASDAQ:PLTR - Free Report).
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