Palantir Technologies Inc. (NYSE:PLTR) Shares Bought by Mayflower Financial Advisors LLC

Mayflower Financial Advisors LLC grew its stake in Palantir Technologies Inc. (NYSE:PLTR) by 130.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 26,384 shares of the company’s stock after purchasing an additional 14,936 shares during the period. Mayflower Financial Advisors LLC’s holdings in Palantir Technologies were worth $668,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of PLTR. Summit Securities Group LLC purchased a new stake in Palantir Technologies in the 2nd quarter worth approximately $25,000. First United Bank & Trust purchased a new position in shares of Palantir Technologies during the 4th quarter valued at approximately $26,000. West Paces Advisors Inc. lifted its position in shares of Palantir Technologies by 110.7% during the 1st quarter. West Paces Advisors Inc. now owns 1,180 shares of the company’s stock valued at $27,000 after buying an additional 620 shares in the last quarter. Massmutual Trust Co. FSB ADV lifted its position in shares of Palantir Technologies by 105.3% during the 1st quarter. Massmutual Trust Co. FSB ADV now owns 1,347 shares of the company’s stock valued at $31,000 after buying an additional 691 shares in the last quarter. Finally, Bogart Wealth LLC lifted its position in shares of Palantir Technologies by 332.8% during the 1st quarter. Bogart Wealth LLC now owns 1,385 shares of the company’s stock valued at $32,000 after buying an additional 1,065 shares in the last quarter. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Palantir Technologies Stock Down 1.4 %

Shares of NYSE PLTR opened at $30.17 on Friday. The firm has a market cap of $67.19 billion, a price-to-earnings ratio of 251.42, a PEG ratio of 5.55 and a beta of 2.72. Palantir Technologies Inc. has a 52-week low of $13.68 and a 52-week high of $33.13. The business’s 50 day moving average is $28.71 and its two-hundred day moving average is $25.04.

Palantir Technologies (NYSE:PLTR) last announced its earnings results on Monday, August 5th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). The firm had revenue of $678.13 million during the quarter, compared to analysts’ expectations of $653.23 million. Palantir Technologies had a net margin of 16.32% and a return on equity of 8.88%. The firm’s revenue for the quarter was up 27.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.01 EPS. Analysts anticipate that Palantir Technologies Inc. will post 0.19 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on PLTR. Argus began coverage on Palantir Technologies in a research report on Monday, June 17th. They set a “buy” rating and a $29.00 target price on the stock. Mizuho downgraded Palantir Technologies from a “neutral” rating to an “underperform” rating and increased their price objective for the company from $21.00 to $22.00 in a research note on Tuesday, July 16th. Citigroup increased their price objective on Palantir Technologies from $25.00 to $28.00 and gave the company a “neutral” rating in a research note on Tuesday, July 30th. The Goldman Sachs Group increased their price objective on Palantir Technologies from $14.00 to $16.00 and gave the company a “neutral” rating in a research note on Wednesday, August 7th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on Palantir Technologies from $20.00 to $21.00 and gave the company a “sell” rating in a research note on Tuesday, August 6th. Five equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $25.00.

Insiders Place Their Bets

In other Palantir Technologies news, Director Alexander D. Moore sold 20,000 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $30.89, for a total value of $617,800.00. Following the completion of the transaction, the director now owns 1,510,630 shares in the company, valued at $46,663,360.70. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Palantir Technologies news, Director Alexander D. Moore sold 20,000 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $30.89, for a total value of $617,800.00. Following the completion of the transaction, the director now owns 1,510,630 shares in the company, valued at $46,663,360.70. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Alexander D. Moore sold 20,422 shares of the business’s stock in a transaction on Monday, June 10th. The stock was sold at an average price of $22.94, for a total transaction of $468,480.68. Following the completion of the transaction, the director now owns 1,587,707 shares of the company’s stock, valued at approximately $36,421,998.58. The disclosure for this sale can be found here. Insiders sold a total of 722,664 shares of company stock worth $22,008,889 over the last 90 days. Corporate insiders own 12.93% of the company’s stock.

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.