Calton & Associates Inc. Makes New $213,000 Investment in Palantir Technologies Inc. (NYSE:PLTR)

Calton & Associates Inc. bought a new position in shares of Palantir Technologies Inc. (NYSE:PLTR) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 9,278 shares of the company’s stock, valued at approximately $213,000.

Other large investors have also modified their holdings of the company. First United Bank & Trust purchased a new position in shares of Palantir Technologies during the 4th quarter worth approximately $26,000. Pacifica Partners Inc. purchased a new position in Palantir Technologies in the 4th quarter valued at approximately $27,000. West Paces Advisors Inc. increased its stake in Palantir Technologies by 110.7% in the 1st quarter. West Paces Advisors Inc. now owns 1,180 shares of the company’s stock valued at $27,000 after purchasing an additional 620 shares in the last quarter. Massmutual Trust Co. FSB ADV increased its stake in Palantir Technologies by 105.3% in the 1st quarter. Massmutual Trust Co. FSB ADV now owns 1,347 shares of the company’s stock valued at $31,000 after purchasing an additional 691 shares in the last quarter. Finally, GAMMA Investing LLC purchased a new position in Palantir Technologies in the 4th quarter valued at approximately $33,000. 45.65% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, insider Heather A. Planishek sold 10,907 shares of the firm’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $21.43, for a total value of $233,737.01. Following the transaction, the insider now directly owns 651,099 shares of the company’s stock, valued at $13,953,051.57. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Palantir Technologies news, insider Heather A. Planishek sold 10,907 shares of the firm’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $21.43, for a total value of $233,737.01. Following the transaction, the insider now directly owns 651,099 shares of the company’s stock, valued at $13,953,051.57. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Peter Thiel sold 5,000,000 shares of the firm’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $20.78, for a total value of $103,900,000.00. Following the completion of the transaction, the director now directly owns 15,733,625 shares in the company, valued at $326,944,727.50. The disclosure for this sale can be found here. Insiders have sold 11,377,153 shares of company stock valued at $240,054,945 over the last three months. 12.93% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. HSBC raised their price objective on Palantir Technologies from $22.00 to $23.00 and gave the company a “hold” rating in a research note on Tuesday, May 7th. DA Davidson raised their price objective on Palantir Technologies from $19.00 to $24.00 and gave the company a “neutral” rating in a research note on Tuesday, May 7th. Bank of America raised their price objective on Palantir Technologies from $24.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. Mizuho increased their target price on Palantir Technologies from $18.00 to $21.00 and gave the company a “neutral” rating in a report on Thursday, March 7th. Finally, Monness Crespi & Hardt cut Palantir Technologies from a “neutral” rating to a “sell” rating and set a $20.00 target price on the stock. in a report on Friday, June 21st. Six equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, Palantir Technologies currently has a consensus rating of “Hold” and an average target price of $21.25.

Palantir Technologies Trading Up 0.4 %

Shares of Palantir Technologies stock opened at $25.33 on Friday. Palantir Technologies Inc. has a twelve month low of $13.68 and a twelve month high of $27.50. The stock has a market capitalization of $56.41 billion, a P/E ratio of 211.10, a PEG ratio of 5.82 and a beta of 2.70. The business’s fifty day moving average price is $22.63 and its 200 day moving average price is $21.48.

Palantir Technologies (NYSE:PLTR) last issued its earnings results on Monday, May 6th. The company reported $0.04 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.04. Palantir Technologies had a return on equity of 8.28% and a net margin of 12.79%. The firm had revenue of $634.34 million for the quarter, compared to analysts’ expectations of $614.88 million. As a group, sell-side analysts predict that Palantir Technologies Inc. will post 0.16 EPS for the current year.

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.