Palantir Technologies Inc. (NASDAQ:PLTR) Shares Purchased by 180 Wealth Advisors LLC

180 Wealth Advisors LLC boosted its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 4.0% during the first quarter, Holdings Channel.com reports. The fund owned 7,214 shares of the company’s stock after acquiring an additional 276 shares during the period. 180 Wealth Advisors LLC’s holdings in Palantir Technologies were worth $609,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Roxbury Financial LLC acquired a new stake in Palantir Technologies in the 4th quarter valued at about $27,000. HighMark Wealth Management LLC boosted its stake in shares of Palantir Technologies by 73.5% during the 4th quarter. HighMark Wealth Management LLC now owns 392 shares of the company’s stock worth $30,000 after purchasing an additional 166 shares during the last quarter. Sierra Ocean LLC acquired a new stake in shares of Palantir Technologies during the 4th quarter worth about $31,000. R Squared Ltd acquired a new stake in shares of Palantir Technologies during the 4th quarter worth about $33,000. Finally, First Command Advisory Services Inc. acquired a new stake in shares of Palantir Technologies during the 4th quarter worth about $34,000. 45.65% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

PLTR has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a “sell” rating on shares of Palantir Technologies in a research note on Tuesday, May 6th. Citigroup raised their price target on shares of Palantir Technologies from $110.00 to $115.00 and gave the stock a “neutral” rating in a research note on Thursday, May 8th. The Goldman Sachs Group raised their price target 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. Morgan Stanley raised their price target on shares of Palantir Technologies from $90.00 to $98.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 6th. Finally, Bank of America raised their price target on shares of Palantir Technologies from $90.00 to $125.00 and gave the stock a “buy” rating in a research note on Tuesday, February 4th. Five investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $83.95.

Insider Activity at Palantir Technologies

In other news, Director Lauren Elaina Friedman Stat sold 800 shares of Palantir Technologies stock in a transaction that occurred on Thursday, April 3rd. The shares were sold at an average price of $81.25, for a total transaction of $65,000.00. Following the sale, the director now owns 61,339 shares in the company, valued at $4,983,793.75. This trade represents a 1.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Ryan D. Taylor sold 3,936 shares of Palantir Technologies stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $125.97, for a total transaction of $495,817.92. Following the sale, the insider now owns 363,755 shares in the company, valued at $45,822,217.35. This represents a 1.07% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 3,901,701 shares of company stock worth $370,407,533. Company insiders own 9.23% of the company’s stock.

Palantir Technologies Stock Performance

NASDAQ PLTR opened at $126.63 on Monday. Palantir Technologies Inc. has a one year low of $21.01 and a one year high of $133.49. The company’s 50 day moving average price is $105.90 and its 200 day moving average price is $90.28. The firm has a market capitalization of $298.84 billion, a price-to-earnings ratio of 666.51, a PEG ratio of 10.84 and a beta of 2.68.

Palantir Technologies (NASDAQ:PLTR) last posted its quarterly earnings results on Monday, May 5th. The company reported $0.13 EPS for the quarter, meeting the consensus estimate of $0.13. Palantir Technologies had a net margin of 16.13% and a return on equity of 6.85%. The firm had revenue of $883.86 million for the quarter, compared to analyst estimates of $863.89 million. During the same quarter last year, the firm posted $0.08 earnings per share. Palantir Technologies’s revenue for the quarter was up 39.4% compared to the same quarter last year. Sell-side analysts forecast that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

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.