Capital Investment Advisors LLC Grows Stock Holdings in Palantir Technologies Inc. (NYSE:PLTR)

Capital Investment Advisors LLC increased its stake in shares of Palantir Technologies Inc. (NYSE:PLTR) by 16.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,343 shares of the company’s stock after buying an additional 1,643 shares during the period. Capital Investment Advisors LLC’s holdings in Palantir Technologies were worth $287,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Apella Capital LLC lifted its holdings in shares of Palantir Technologies by 3.7% in the second quarter. Apella Capital LLC now owns 11,791 shares of the company’s stock valued at $323,000 after purchasing an additional 416 shares in the last quarter. Valeo Financial Advisors LLC raised its position in shares of Palantir Technologies by 1.2% in the second quarter. Valeo Financial Advisors LLC now owns 36,177 shares of the company’s stock valued at $916,000 after buying an additional 416 shares during the last quarter. Halpern Financial Inc. raised its position in shares of Palantir Technologies by 44.0% in the first quarter. Halpern Financial Inc. now owns 1,440 shares of the company’s stock valued at $33,000 after buying an additional 440 shares during the last quarter. Harbor Investment Advisory LLC raised its position in shares of Palantir Technologies by 16.9% in the first quarter. Harbor Investment Advisory LLC now owns 3,208 shares of the company’s stock valued at $74,000 after buying an additional 463 shares during the last quarter. Finally, Principle Wealth Partners LLC raised its position in shares of Palantir Technologies by 4.8% in the first quarter. Principle Wealth Partners LLC now owns 10,481 shares of the company’s stock valued at $241,000 after buying an additional 481 shares during the last quarter. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Analyst Upgrades and Downgrades

PLTR has been the subject of a number of analyst reports. Royal Bank of Canada reissued an “underperform” rating and issued a $9.00 price objective on shares of Palantir Technologies in a research report on Tuesday. The Goldman Sachs Group upped their price target on shares of Palantir Technologies from $14.00 to $16.00 and gave the stock a “neutral” rating in a research report on Wednesday. Raymond James upped their price target on shares of Palantir Technologies from $25.00 to $30.00 and gave the stock an “outperform” rating in a research report on Tuesday. Deutsche Bank Aktiengesellschaft upped their price target on shares of Palantir Technologies from $20.00 to $21.00 and gave the stock a “sell” rating in a research report on Tuesday. Finally, Monness Crespi & Hardt dropped their price target on shares of Palantir Technologies from $20.00 to $18.00 and set a “sell” rating for the company in a research report on Tuesday. Six research analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $23.14.

Insider Buying and Selling at Palantir Technologies

In other news, insider Heather A. Planishek sold 2,398 shares of Palantir Technologies stock in a transaction dated 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 transaction, the insider now directly owns 639,696 shares of the company’s stock, valued at approximately $13,625,524.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 value of $2,642,400.00. Following the sale, the insider now directly owns 298,012 shares in the company, valued at approximately $8,749,632.32. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Heather A. Planishek sold 2,398 shares of Palantir Technologies stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $21.30, for a total transaction of $51,077.40. Following the completion of the sale, the insider now owns 639,696 shares in the company, valued at $13,625,524.80. The disclosure for this sale can be found here. Insiders have sold 164,396 shares of company stock worth $4,389,707 in the last ninety days. 12.93% of the stock is owned by insiders.

Palantir Technologies Trading Up 2.5 %

NYSE PLTR traded up $0.73 during trading hours on Friday, reaching $30.01. 88,131,106 shares of the company traded hands, compared to its average volume of 48,413,612. Palantir Technologies Inc. has a 12 month low of $13.68 and a 12 month high of $30.36. The stock has a market capitalization of $66.83 billion, a PE ratio of 250.10, a PEG ratio of 6.14 and a beta of 2.71. The company has a 50 day moving average of $25.97 and a two-hundred day moving average of $23.60.

Palantir Technologies (NYSE:PLTR) last posted its quarterly earnings data on Monday, August 5th. The company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.01. Palantir Technologies had a net margin of 16.32% and a return on equity of 9.24%. The firm had revenue of $678.13 million for the quarter, compared to the consensus estimate of $653.23 million. During the same period in the prior year, the firm posted $0.01 EPS. The firm’s revenue was up 27.2% compared to the same quarter last year. On average, equities research analysts anticipate that Palantir Technologies Inc. will post 0.16 earnings per share for the current year.

About Palantir Technologies

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.