Trilogy Capital Inc. Acquires 1,701 Shares of Palantir Technologies Inc. (NASDAQ:PLTR)

Key Points

• Trilogy Capital Inc. increased its holdings in Palantir Technologies by 39.0% in Q1, acquiring 1,701 shares to bring its total to 6,064 shares worth $512,000.
• Several institutional investors, including Allegiance Financial Group and Sovran Advisors, also increased their stakes in Palantir during the same period, highlighting growing interest by institutional investors.
• Palantir Technologies has a consensus rating of "Hold" among analysts, with a consensus price target of $95.30 and recent price changes from firms like Citigroup and Goldman Sachs.

Trilogy Capital Inc. raised its holdings in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 39.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 6,064 shares of the company's stock after acquiring an additional 1,701 shares during the quarter. Trilogy Capital Inc.'s holdings in Palantir Technologies were worth $512,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Allegiance Financial Group Advisory Services LLC boosted its holdings in shares of Palantir Technologies by 3.0% in the 1st quarter. Allegiance Financial Group Advisory Services LLC now owns 2,917 shares of the company's stock valued at $246,000 after purchasing an additional 84 shares in the last quarter. Sovran Advisors LLC lifted its position in shares of Palantir Technologies by 1.8% during the 1st quarter. Sovran Advisors LLC now owns 5,453 shares of the company's stock worth $460,000 after buying an additional 94 shares during the last quarter. Lodestone Wealth Management LLC boosted its stake in Palantir Technologies by 1.1% in the first quarter. Lodestone Wealth Management LLC now owns 8,950 shares of the company's stock valued at $755,000 after buying an additional 97 shares in the last quarter. Continuum Advisory LLC grew its position in Palantir Technologies by 3.8% in the fourth quarter. Continuum Advisory LLC now owns 2,670 shares of the company's stock valued at $202,000 after acquiring an additional 98 shares during the last quarter. Finally, Kathmere Capital Management LLC grew its position in Palantir Technologies by 0.5% in the first quarter. Kathmere Capital Management LLC now owns 18,145 shares of the company's stock valued at $1,531,000 after acquiring an additional 99 shares during the last quarter. Institutional investors and hedge funds own 45.65% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently commented on PLTR shares. Citigroup increased their target price on shares of Palantir Technologies from $110.00 to $115.00 and gave the stock a "neutral" rating in a report on Thursday, May 8th. UBS Group reissued a "positive" rating on shares of Palantir Technologies in a research note on Wednesday, June 25th. The Goldman Sachs Group boosted their target price on shares of Palantir Technologies from $80.00 to $90.00 and gave the stock a "neutral" rating in a research note on Tuesday, May 6th. DA Davidson upped their price target on shares of Palantir Technologies from $100.00 to $115.00 and gave the stock a "neutral" rating in a report on Tuesday, May 6th. Finally, Deutsche Bank Aktiengesellschaft reissued a "sell" rating on shares of Palantir Technologies in a report on Tuesday, May 6th. Four equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Palantir Technologies presently has a consensus rating of "Hold" and a consensus price target of $95.30.

Insider Activity at Palantir Technologies

In related news, 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 completion of the sale, the insider owned 702,786 shares of the company's stock, valued at $92,823,974.88. This trade represents a 36.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Ryan D. Taylor sold 33,335 shares of the business's stock in a transaction that occurred on Tuesday, July 15th. The shares were sold at an average price of $150.00, for a total value of $5,000,250.00. Following the completion of the transaction, the insider directly 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. Insiders have sold 1,485,632 shares of company stock worth $191,222,623 over the last quarter. 9.23% of the stock is owned by company insiders.

Palantir Technologies Stock Performance

Shares of NASDAQ PLTR opened at $158.80 on Friday. The company's 50 day moving average price is $137.03 and its 200-day moving average price is $108.85. Palantir Technologies Inc. has a 52-week low of $21.23 and a 52-week high of $160.39. The company has a market capitalization of $374.75 billion, a P/E ratio of 690.43, a price-to-earnings-growth ratio of 13.22 and a beta of 2.59.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last released its earnings results on Monday, May 5th. The company reported $0.13 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.13. The business had revenue of $883.86 million for the quarter, compared to analyst estimates of $863.89 million. Palantir Technologies had a net margin of 18.32% and a return on equity of 6.55%. Palantir Technologies's revenue for the quarter was up 39.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.08 earnings per share. Analysts forecast that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Palantir Technologies 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.

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