Fiduciary Alliance LLC Has $1.54 Million Stock Position in Palantir Technologies Inc. (NYSE:PLTR)

Fiduciary Alliance LLC boosted its stake in shares of Palantir Technologies Inc. (NYSE:PLTR) by 10.9% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 67,401 shares of the company’s stock after buying an additional 6,625 shares during the period. Fiduciary Alliance LLC’s holdings in Palantir Technologies were worth $1,541,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Brooklyn FI LLC acquired a new stake in shares of Palantir Technologies in the first quarter valued at approximately $203,000. Cannon Global Investment Management LLC acquired a new stake in shares of Palantir Technologies in the first quarter valued at approximately $285,000. Griffin Asset Management Inc. acquired a new stake in shares of Palantir Technologies in the first quarter valued at approximately $497,000. OneAscent Wealth Management LLC acquired a new stake in shares of Palantir Technologies in the first quarter valued at approximately $210,000. Finally, Calton & Associates Inc. acquired a new stake in shares of Palantir Technologies in the first quarter valued at approximately $213,000. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Palantir Technologies

In related news, insider Heather A. Planishek sold 2,398 shares of Palantir Technologies stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $21.30, for a total value of $51,077.40. Following the completion of the sale, the insider now owns 639,696 shares of the company’s stock, valued at approximately $13,625,524.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, insider Heather A. Planishek sold 2,398 shares of the business’s stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $21.30, for a total value of $51,077.40. Following the sale, the insider now directly owns 639,696 shares in the company, valued at approximately $13,625,524.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Alexandra W. Schiff sold 5,000 shares of Palantir Technologies stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $22.74, for a total value of $113,700.00. Following the transaction, the director now directly owns 186,783 shares of the company’s stock, valued at approximately $4,247,445.42. The disclosure for this sale can be found here. Insiders sold a total of 11,377,153 shares of company stock valued at $240,054,945 in the last quarter. 12.93% of the stock is currently owned by company insiders.

Palantir Technologies Stock Up 0.4 %

Palantir Technologies stock traded up $0.11 during mid-day trading on Friday, hitting $25.33. 38,886,441 shares of the stock were exchanged, compared to its average volume of 39,227,472. Palantir Technologies Inc. has a 12 month low of $13.68 and a 12 month high of $27.50. The firm’s fifty day simple moving average is $22.63 and its two-hundred day simple moving average is $21.51. The stock has a market capitalization of $56.41 billion, a price-to-earnings ratio of 211.10, a PEG ratio of 5.85 and a beta of 2.70.

Palantir Technologies (NYSE:PLTR) last announced its quarterly earnings data on Monday, May 6th. The company reported $0.04 EPS for the quarter, hitting the consensus estimate of $0.04. The company had revenue of $634.34 million during the quarter, compared to the consensus estimate of $614.88 million. Palantir Technologies had a net margin of 12.79% and a return on equity of 8.28%. As a group, analysts forecast that Palantir Technologies Inc. will post 0.16 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

PLTR has been the topic of several analyst reports. DA Davidson upped their price target on shares of Palantir Technologies from $19.00 to $24.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 7th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Palantir Technologies from $18.00 to $20.00 and gave the stock a “sell” rating in a research report on Tuesday, May 7th. Argus initiated coverage on shares of Palantir Technologies in a research report on Monday, June 17th. They set a “buy” rating and a $29.00 price target on the stock. HSBC upped their price target on shares of Palantir Technologies from $22.00 to $23.00 and gave the stock a “hold” rating in a research report on Tuesday, May 7th. Finally, Wedbush reiterated an “outperform” rating and issued a $35.00 price objective on shares of Palantir Technologies in a report on Monday, May 6th. Six equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $21.25.

Palantir Technologies Profile

Palantir Technologies Inc builds and deploys software platforms for the intelligence community to assist in counterterrorism investigations and operations in the United States, the United Kingdom, and internationally. 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.