Xponance Inc. Grows Position in Palantir Technologies Inc. (NASDAQ:PLTR)

Xponance Inc. lifted its holdings in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 7.2% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 495,162 shares of the company's stock after acquiring an additional 33,242 shares during the quarter. Xponance Inc.'s holdings in Palantir Technologies were worth $41,792,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in PLTR. Richardson Capital Management LLC purchased a new position in Palantir Technologies during the 1st quarter valued at $33,000. Cornerstone Planning Group LLC increased its position in Palantir Technologies by 90.2% during the 1st quarter. Cornerstone Planning Group LLC now owns 390 shares of the company's stock valued at $33,000 after purchasing an additional 185 shares during the period. Summit Securities Group LLC purchased a new position in Palantir Technologies during the 4th quarter valued at $34,000. Atlantic Edge Private Wealth Management LLC increased its position in Palantir Technologies by 45.5% during the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 400 shares of the company's stock valued at $34,000 after purchasing an additional 125 shares during the period. Finally, Godsey & Gibb Inc. increased its position in Palantir Technologies by 740.0% during the 1st quarter. Godsey & Gibb Inc. now owns 420 shares of the company's stock valued at $35,000 after purchasing an additional 370 shares during the period. 45.65% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

PLTR has been the topic of a number of recent research reports. DA Davidson upped their target price on shares of Palantir Technologies from $100.00 to $115.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 6th. Deutsche Bank Aktiengesellschaft reaffirmed a "sell" rating on shares of Palantir Technologies in a research report on Tuesday, May 6th. Royal Bank Of Canada reaffirmed an "underperform" rating on shares of Palantir Technologies in a research report on Tuesday, May 6th. Morgan Stanley upped their target price on shares of Palantir Technologies from $90.00 to $98.00 and gave the stock an "equal weight" rating in a research report on Tuesday, May 6th. Finally, Wedbush set a $160.00 target price on shares of Palantir Technologies in a research report on Thursday. Five analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, Palantir Technologies has a consensus rating of "Hold" and a consensus price target of $90.37.

Insider Transactions 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 completion of the transaction, 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 document filed with the SEC, which can be accessed through the SEC website. Also, insider David A. Glazer sold 3,418 shares of the company's stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $125.97, for a total transaction of $430,565.46. Following the transaction, the insider owned 492,079 shares in the company, valued at approximately $61,987,191.63. This trade represents a 0.69% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,452,297 shares of company stock valued at $186,222,373 over the last three months. 12.93% of the stock is currently owned by corporate insiders.

Palantir Technologies Trading Up 5.0%

Shares of PLTR stock traded up $7.05 on Monday, reaching $149.15. The company's stock had a trading volume of 81,498,736 shares, compared to its average volume of 83,320,297. The stock's fifty day simple moving average is $130.81 and its 200-day simple moving average is $103.96. The company has a market capitalization of $351.98 billion, a price-to-earnings ratio of 648.48, a price-to-earnings-growth ratio of 12.13 and a beta of 2.59. Palantir Technologies Inc. has a 1 year low of $21.23 and a 1 year high of $149.54.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last posted its quarterly earnings data on Monday, May 5th. The company reported $0.13 EPS for the quarter, hitting the consensus estimate of $0.13. The company had revenue of $883.86 million during 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 quarterly revenue was up 39.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.08 earnings per share. Equities research analysts forecast 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.