Aptus Capital Advisors LLC Boosts Stake in Palantir Technologies Inc. (NYSE:PLTR)

Aptus Capital Advisors LLC increased its position in Palantir Technologies Inc. (NYSE:PLTR) by 16.3% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 12,936 shares of the company’s stock after purchasing an additional 1,811 shares during the quarter. Aptus Capital Advisors LLC’s holdings in Palantir Technologies were worth $328,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Summit Securities Group LLC bought a new position in Palantir Technologies in the second quarter worth $25,000. First United Bank & Trust purchased a new position in Palantir Technologies during the 4th quarter valued at about $26,000. West Paces Advisors Inc. grew its holdings in Palantir Technologies by 110.7% in the first quarter. West Paces Advisors Inc. now owns 1,180 shares of the company’s stock worth $27,000 after purchasing an additional 620 shares during the period. Massmutual Trust Co. FSB ADV increased its stake in shares of Palantir Technologies by 105.3% during the first 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, Bogart Wealth LLC boosted its position in shares of Palantir Technologies by 332.8% in the 1st quarter. Bogart Wealth LLC now owns 1,385 shares of the company’s stock worth $32,000 after purchasing an additional 1,065 shares in the last quarter. 45.65% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. DA Davidson raised their price objective on Palantir Technologies from $24.00 to $28.00 and gave the company a “neutral” rating in a research report on Tuesday, August 6th. 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 note on Wednesday, August 7th. HSBC raised their price objective on shares of Palantir Technologies from $22.00 to $23.00 and gave the company a “hold” rating in a research note on Tuesday, May 7th. Jefferies Financial Group increased their price target on shares of Palantir Technologies from $24.00 to $28.00 and gave the company a “hold” rating in a report on Monday, July 29th. Finally, Raymond James increased their target price on Palantir Technologies from $25.00 to $30.00 and gave the company an “outperform” rating in a research note on Tuesday, August 6th. Five research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Palantir Technologies presently has an average rating of “Hold” and a consensus target price of $25.00.

Insiders Place Their Bets

In other news, insider Heather A. Planishek sold 14,016 shares of the business’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $30.67, for a total transaction of $429,870.72. Following the completion of the sale, the insider now owns 576,023 shares of the company’s stock, valued at approximately $17,666,625.41. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, Director Alexander D. Moore sold 20,422 shares of the firm’s stock in a transaction on Monday, June 10th. The shares were sold at an average price of $22.94, for a total transaction of $468,480.68. Following the sale, the director now directly owns 1,587,707 shares in the company, valued at approximately $36,421,998.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Heather A. Planishek sold 14,016 shares of the company’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $30.67, for a total transaction of $429,870.72. Following the completion of the transaction, the insider now directly owns 576,023 shares of the company’s stock, valued at approximately $17,666,625.41. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 728,664 shares of company stock worth $21,997,409. Company insiders own 12.93% of the company’s stock.

Palantir Technologies Stock Performance

Palantir Technologies stock opened at $30.51 on Wednesday. The stock has a market cap of $68.31 billion, a PE ratio of 254.23, a price-to-earnings-growth ratio of 5.55 and a beta of 2.71. The stock has a fifty day moving average of $28.48 and a 200 day moving average of $24.96. Palantir Technologies Inc. has a one year low of $13.68 and a one year high of $33.13.

Palantir Technologies (NYSE:PLTR) last issued its quarterly earnings data on Monday, August 5th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.01). The business had revenue of $678.13 million during the quarter, compared to the consensus estimate of $653.23 million. Palantir Technologies had a return on equity of 8.88% and a net margin of 16.32%. Palantir Technologies’s revenue for the quarter was up 27.2% on a year-over-year basis. During the same quarter last year, the company earned $0.01 EPS. As a group, sell-side analysts predict that Palantir Technologies Inc. will post 0.19 EPS for the current fiscal year.

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.