High Net Worth Advisory Group LLC Acquires New Position in Palantir Technologies Inc. (NYSE:PLTR)

High Net Worth Advisory Group LLC acquired a new stake in shares of Palantir Technologies Inc. (NYSE:PLTR) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 8,900 shares of the company’s stock, valued at approximately $205,000.

Other hedge funds also recently added to or reduced their stakes in the company. Massmutual Trust Co. FSB ADV lifted 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 period. Halpern Financial Inc. boosted its position in shares of Palantir Technologies by 44.0% during the 1st quarter. Halpern Financial Inc. now owns 1,440 shares of the company’s stock valued at $33,000 after purchasing an additional 440 shares in the last quarter. Pacifica Partners Inc. acquired a new position in shares of Palantir Technologies in the 4th quarter worth approximately $27,000. First United Bank & Trust acquired a new stake in Palantir Technologies during the fourth quarter valued at approximately $26,000. Finally, Truvestments Capital LLC boosted its holdings in Palantir Technologies by 74.9% during the third quarter. Truvestments Capital LLC now owns 1,635 shares of the company’s stock worth $26,000 after buying an additional 700 shares in the last quarter. 45.65% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Palantir Technologies news, Director Eric H. Woersching sold 3,000 shares of the stock in a transaction dated Tuesday, June 18th. The stock was sold at an average price of $26.00, for a total value of $78,000.00. Following the completion of the sale, the director now directly owns 32,843 shares in the company, valued at $853,918. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Alexander D. Moore sold 20,000 shares of Palantir Technologies stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $22.02, for a total transaction of $440,400.00. Following the completion of the sale, the director now owns 1,595,519 shares of the company’s stock, valued at approximately $35,133,328.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Eric H. Woersching sold 3,000 shares of Palantir Technologies stock in a transaction that occurred on Tuesday, June 18th. The stock was sold at an average price of $26.00, for a total value of $78,000.00. Following the sale, the director now directly owns 32,843 shares of the company’s stock, valued at $853,918. The disclosure for this sale can be found here. Over the last three months, insiders have sold 11,377,153 shares of company stock worth $240,054,945. Company insiders own 12.93% of the company’s stock.

Palantir Technologies Stock Up 0.4 %

NYSE PLTR traded up $0.10 during trading hours on Monday, hitting $23.94. The company’s stock had a trading volume of 13,178,581 shares, compared to its average volume of 57,379,738. The stock has a fifty day moving average of $22.29 and a 200 day moving average of $21.26. The firm has a market capitalization of $53.31 billion, a P/E ratio of 198.68, a PEG ratio of 5.90 and a beta of 2.70. Palantir Technologies Inc. has a twelve month low of $13.68 and a twelve month high of $27.50.

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

Wall Street Analysts Forecast Growth

PLTR has been the subject of several research reports. Citigroup raised their price objective on Palantir Technologies from $23.00 to $25.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 7th. Mizuho raised their price objective on shares of Palantir Technologies from $18.00 to $21.00 and gave the stock a “neutral” rating in a research note on Thursday, March 7th. Bank of America lifted their price target on Palantir Technologies from $24.00 to $28.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. Wedbush reaffirmed an “outperform” rating and set a $35.00 target price on shares of Palantir Technologies in a research note on Monday, May 6th. Finally, Monness Crespi & Hardt lowered Palantir Technologies from a “neutral” rating to a “sell” rating and set a $20.00 price target for the company. in a report on Friday. Six research analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Palantir Technologies has a consensus rating of “Hold” and an average price target of $21.25.

Palantir Technologies Company 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.