SeaCrest Wealth Management LLC Acquires 10,764 Shares of Palantir Technologies Inc. (NYSE:PLTR)

SeaCrest Wealth Management LLC boosted its holdings in Palantir Technologies Inc. (NYSE:PLTR) by 71.9% in the first quarter, Holdings Channel reports. The firm owned 25,725 shares of the company’s stock after purchasing an additional 10,764 shares during the quarter. SeaCrest Wealth Management LLC’s holdings in Palantir Technologies were worth $592,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. InTrack Investment Management Inc raised its stake in shares of Palantir Technologies by 39.2% during the 1st quarter. InTrack Investment Management Inc now owns 74,364 shares of the company’s stock worth $1,711,000 after purchasing an additional 20,923 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in Palantir Technologies by 218.7% during the first quarter. Allspring Global Investments Holdings LLC now owns 60,720 shares of the company’s stock worth $1,397,000 after buying an additional 41,666 shares during the last quarter. Claro Advisors LLC raised its position in Palantir Technologies by 18.0% during the first quarter. Claro Advisors LLC now owns 15,398 shares of the company’s stock worth $354,000 after acquiring an additional 2,346 shares in the last quarter. Miracle Mile Advisors LLC lifted its stake in Palantir Technologies by 29.3% in the first quarter. Miracle Mile Advisors LLC now owns 13,590 shares of the company’s stock valued at $313,000 after acquiring an additional 3,080 shares during the last quarter. Finally, Udine Wealth Management Inc. grew its position in shares of Palantir Technologies by 10.1% in the 1st quarter. Udine Wealth Management Inc. now owns 103,398 shares of the company’s stock valued at $2,379,000 after acquiring an additional 9,486 shares during the period. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently commented on PLTR. Bank of America lifted their price target on Palantir Technologies from $24.00 to $28.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. Deutsche Bank Aktiengesellschaft boosted their target price on Palantir Technologies from $18.00 to $20.00 and gave the stock a “sell” rating in a report on Tuesday, May 7th. William Blair reaffirmed an “underperform” rating on shares of Palantir Technologies in a report on Tuesday, May 7th. Monness Crespi & Hardt cut shares of Palantir Technologies from a “neutral” rating to a “sell” rating and set a $20.00 price objective for the company. in a research report on Friday, June 21st. Finally, HSBC increased their price objective on shares of Palantir Technologies from $22.00 to $23.00 and gave the company a “hold” rating in a research report on Tuesday, May 7th. 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. Based on data from MarketBeat.com, Palantir Technologies presently has a consensus rating of “Hold” and an average target price of $21.25.

Palantir Technologies Stock Performance

Shares of PLTR opened at $25.83 on Thursday. The stock has a market capitalization of $57.52 billion, a PE ratio of 215.27, a P/E/G ratio of 5.96 and a beta of 2.71. The firm’s 50 day moving average is $22.89 and its 200-day moving average is $21.68. Palantir Technologies Inc. has a 12 month low of $13.68 and a 12 month high of $27.50.

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

Insider Activity at Palantir Technologies

In other Palantir Technologies news, Director Eric H. Woersching sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, June 18th. The shares were sold at an average price of $26.00, for a total value of $78,000.00. Following the transaction, the director now directly owns 32,843 shares of the company’s stock, valued at approximately $853,918. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, Director Eric H. Woersching sold 26,000 shares of the company’s stock in a transaction on Friday, June 7th. The stock was sold at an average price of $23.32, for a total transaction of $606,320.00. Following the completion of the sale, the director now directly owns 38,843 shares in the company, valued at approximately $905,818.76. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Eric H. Woersching sold 3,000 shares of Palantir Technologies stock in a transaction dated Tuesday, June 18th. The shares were sold at an average price of $26.00, for a total value of $78,000.00. Following the completion of the transaction, the director now owns 32,843 shares in the company, valued at approximately $853,918. The disclosure for this sale can be found here. Insiders sold a total of 11,372,153 shares of company stock valued at $239,941,245 over the last quarter. 12.93% of the stock is owned by corporate insiders.

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.