Gamco Investors INC. ET AL Boosts Stock Holdings in Palantir Technologies Inc. (NYSE:PLTR)

Gamco Investors INC. ET AL grew its position in shares of Palantir Technologies Inc. (NYSE:PLTR) by 4.0% during the first quarter, HoldingsChannel reports. The institutional investor owned 118,100 shares of the company’s stock after purchasing an additional 4,520 shares during the period. Gamco Investors INC. ET AL’s holdings in Palantir Technologies were worth $2,717,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. First United Bank & Trust purchased a new stake in Palantir Technologies in the fourth quarter worth approximately $26,000. West Paces Advisors Inc. boosted its holdings in Palantir Technologies by 110.7% in the first quarter. West Paces Advisors Inc. now owns 1,180 shares of the company’s stock worth $27,000 after purchasing an additional 620 shares during the last quarter. Massmutual Trust Co. FSB ADV boosted its holdings in Palantir Technologies by 105.3% in the first quarter. Massmutual Trust Co. FSB ADV now owns 1,347 shares of the company’s stock worth $31,000 after purchasing an additional 691 shares during the last quarter. Bogart Wealth LLC boosted its holdings in Palantir Technologies by 332.8% in the first quarter. Bogart Wealth LLC now owns 1,385 shares of the company’s stock worth $32,000 after purchasing an additional 1,065 shares during the last quarter. Finally, GAMMA Investing LLC purchased a new stake in Palantir Technologies in the fourth quarter worth approximately $33,000. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Insiders Place Their Bets

In other Palantir Technologies news, Director Peter Thiel sold 6,285,833 shares of Palantir Technologies stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $21.33, for a total value of $134,076,817.89. Following the completion of the transaction, the director now directly owns 64,520,599 shares of the company’s stock, valued at approximately $1,376,224,376.67. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, insider David A. Glazer sold 90,000 shares of Palantir Technologies stock in a transaction dated Thursday, July 18th. The shares were sold at an average price of $29.36, for a total transaction of $2,642,400.00. Following the completion of the transaction, the insider now directly owns 298,012 shares of the company’s stock, valued at approximately $8,749,632.32. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Peter Thiel sold 6,285,833 shares of Palantir Technologies stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $21.33, for a total transaction of $134,076,817.89. Following the transaction, the director now directly owns 64,520,599 shares of the company’s stock, valued at $1,376,224,376.67. The disclosure for this sale can be found here. Insiders sold 11,467,179 shares of company stock valued at $242,726,313 in the last three months. Corporate insiders own 12.93% of the company’s stock.

Palantir Technologies Stock Up 2.1 %

NYSE PLTR traded up $0.55 on Friday, reaching $27.18. The company had a trading volume of 27,432,224 shares, compared to its average volume of 43,057,688. The stock has a market capitalization of $60.53 billion, a PE ratio of 226.52, a price-to-earnings-growth ratio of 6.15 and a beta of 2.71. The firm’s 50 day moving average price is $24.86 and its 200 day moving average price is $22.90. Palantir Technologies Inc. has a 12 month low of $13.68 and a 12 month high of $29.83.

Palantir Technologies (NYSE:PLTR) last announced its quarterly earnings results on Monday, May 6th. The company reported $0.04 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.04. The company had revenue of $634.34 million for 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%. On average, research analysts expect that Palantir Technologies Inc. will post 0.16 EPS for the current year.

Wall Street Analysts Forecast Growth

PLTR has been the topic of several research reports. Argus initiated coverage on shares of Palantir Technologies in a report on Monday, June 17th. They issued a “buy” rating and a $29.00 target price on the stock. Monness Crespi & Hardt downgraded shares of Palantir Technologies from a “neutral” rating to a “sell” rating and set a $20.00 price target on the stock. in a research report on Friday, June 21st. Deutsche Bank Aktiengesellschaft increased 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. DA Davidson increased 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. Finally, Citigroup increased their price target on shares of Palantir Technologies from $23.00 to $25.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 7th. Seven investment analysts have rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, Palantir Technologies has a consensus rating of “Hold” and an average price target of $21.32.

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.