Private Advisor Group LLC Has $5.07 Million Stake in Palantir Technologies Inc. (NYSE:PLTR)

Private Advisor Group LLC increased its holdings in Palantir Technologies Inc. (NYSE:PLTRGet Rating) by 8.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 369,279 shares of the company’s stock after buying an additional 28,315 shares during the period. Private Advisor Group LLC’s holdings in Palantir Technologies were worth $5,071,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Endurance Wealth Management Inc. acquired a new position in Palantir Technologies during the first quarter valued at approximately $27,000. IndexIQ Advisors LLC acquired a new position in Palantir Technologies during the first quarter valued at approximately $27,000. Herold Advisors Inc. acquired a new position in Palantir Technologies during the first quarter valued at approximately $35,000. UMB Bank N A MO acquired a new position in Palantir Technologies during the fourth quarter valued at approximately $37,000. Finally, TCI Wealth Advisors Inc. increased its holdings in shares of Palantir Technologies by 58.5% during the first quarter. TCI Wealth Advisors Inc. now owns 2,820 shares of the company’s stock worth $39,000 after buying an additional 1,041 shares in the last quarter. 30.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently issued reports on PLTR shares. Monness Crespi & Hardt downgraded shares of Palantir Technologies from a “buy” rating to a “neutral” rating in a report on Friday, July 22nd. Bank of America started coverage on shares of Palantir Technologies in a report on Tuesday, June 21st. They set a “buy” rating and a $13.00 price target for the company. Deutsche Bank Aktiengesellschaft downgraded shares of Palantir Technologies from a “hold” rating to a “sell” rating and lowered their price target for the stock from $11.00 to $8.00 in a report on Tuesday, August 9th. The Goldman Sachs Group started coverage on shares of Palantir Technologies in a report on Thursday, June 23rd. They set a “neutral” rating and a $10.00 price target for the company. Finally, Raymond James started coverage on shares of Palantir Technologies in a report on Thursday, July 21st. They set a “strong-buy” rating and a $20.00 price target for the company. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $12.83.

Palantir Technologies Price Performance

Shares of Palantir Technologies stock opened at $7.79 on Wednesday. Palantir Technologies Inc. has a twelve month low of $6.44 and a twelve month high of $29.29. The company’s fifty day moving average is $9.51 and its 200 day moving average is $10.34.

Palantir Technologies (NYSE:PLTRGet Rating) last issued its quarterly earnings results on Monday, August 8th. The company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.04). The firm had revenue of $473.00 million for the quarter, compared to the consensus estimate of $471.72 million. Palantir Technologies had a negative net margin of 30.90% and a positive return on equity of 0.06%. The business’s revenue was up 25.9% compared to the same quarter last year. During the same period last year, the company posted $0.04 EPS. Analysts expect that Palantir Technologies Inc. will post -0.2 EPS for the current year.

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, Director Alexander D. Moore sold 11,377 shares of the company’s stock in a transaction on Thursday, June 9th. The shares were sold at an average price of $8.89, for a total transaction of $101,141.53. Following the sale, the director now owns 1,960,928 shares of the company’s stock, valued at $17,432,649.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Palantir Technologies news, Director Alexander D. Moore sold 11,377 shares of the company’s stock in a transaction on Thursday, June 9th. The shares were sold at an average price of $8.89, for a total transaction of $101,141.53. Following the sale, the director now owns 1,960,928 shares of the company’s stock, valued at $17,432,649.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider David A. Glazer sold 105,553 shares of the stock in a transaction dated Tuesday, August 2nd. The stock was sold at an average price of $11.02, for a total transaction of $1,163,194.06. Following the transaction, the insider now directly owns 1,911,484 shares in the company, valued at approximately $21,064,553.68. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 420,171 shares of company stock valued at $4,153,509. 13.22% of the stock is currently owned by insiders.

Palantir Technologies Profile

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Palantir Technologies Inc builds and deploys software platforms for the intelligence community in the United States to assist in counterterrorism investigations and operations. The company provides palantir gotham, a software platform which enables users to identify patterns hidden deep within datasets, ranging from signals intelligence sources to reports from confidential informants, as well as facilitates the handoff between analysts and operational users, helping operators plan and execute real-world responses to threats that have been identified within the platform.

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Institutional Ownership by Quarter for Palantir Technologies (NYSE:PLTR)

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