Atticus Wealth Management LLC Boosts Stock Position in Palantir Technologies Inc. (NASDAQ:PLTR)

by · The Cerbat Gem

Atticus Wealth Management LLC lifted its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR – Free Report) by 20.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,081 shares of the company’s stock after purchasing an additional 184 shares during the period. Atticus Wealth Management LLC’s holdings in Palantir Technologies were worth $91,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Integrity Wealth Solutions LLC boosted its holdings in shares of Palantir Technologies by 26.6% during the first quarter. Integrity Wealth Solutions LLC now owns 4,158 shares of the company’s stock worth $351,000 after purchasing an additional 874 shares during the period. Kentucky Retirement Systems Insurance Trust Fund purchased a new stake in shares of Palantir Technologies during the first quarter worth about $5,054,000. Kentucky Retirement Systems raised its stake in Palantir Technologies by 1.6% in the first quarter. Kentucky Retirement Systems now owns 140,604 shares of the company’s stock worth $11,867,000 after buying an additional 2,219 shares in the last quarter. Childress Capital Advisors LLC lifted its holdings in Palantir Technologies by 11.3% in the first quarter. Childress Capital Advisors LLC now owns 5,477 shares of the company’s stock worth $462,000 after buying an additional 555 shares during the period. Finally, Synergy Asset Management LLC grew its holdings in shares of Palantir Technologies by 1.7% during the 1st quarter. Synergy Asset Management LLC now owns 7,017 shares of the company’s stock worth $592,000 after acquiring an additional 120 shares during the period. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on PLTR shares. The Goldman Sachs Group increased their target price on Palantir Technologies from $80.00 to $90.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 6th. Loop Capital set a $155.00 target price on Palantir Technologies and gave the stock a “buy” rating in a research report on Thursday, June 12th. Cantor Fitzgerald increased their target price on Palantir Technologies from $98.00 to $110.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 6th. Citigroup increased their target price on Palantir Technologies from $110.00 to $115.00 and gave the stock a “neutral” rating in a research report on Thursday, May 8th. Finally, Royal Bank Of Canada reissued an “underperform” rating on shares of Palantir Technologies in a research report on Tuesday, May 6th. Five analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $89.32.

Read Our Latest Research Report on PLTR

Palantir Technologies Trading Down 1.9%

Shares of PLTR opened at $137.30 on Friday. The business’s fifty day simple moving average is $120.65 and its two-hundred day simple moving average is $97.28. Palantir Technologies Inc. has a 12 month low of $21.23 and a 12 month high of $144.86. The company has a market cap of $324.02 billion, a price-to-earnings ratio of 596.96, a P/E/G ratio of 11.72 and a beta of 2.64.

Palantir Technologies (NASDAQ:PLTR – Get Free Report) last issued its earnings results on Monday, May 5th. The company reported $0.13 EPS for the quarter, meeting the consensus estimate of $0.13. Palantir Technologies had a return on equity of 6.55% and a net margin of 18.32%. The business had revenue of $883.86 million for the quarter, compared to the consensus estimate of $863.89 million. During the same period last year, the business posted $0.08 EPS. The company’s revenue was up 39.4% compared to the same quarter last year. As a group, research analysts forecast that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, Director Lauren Elaina Friedman Stat sold 800 shares of the stock in a transaction on Thursday, April 3rd. The stock was sold at an average price of $81.25, for a total transaction of $65,000.00. Following the sale, the director now directly owns 61,339 shares in the company, valued at approximately $4,983,793.75. This trade represents a 1.29% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Ryan D. Taylor sold 98,177 shares of the stock in a transaction on Monday, March 31st. The shares were sold at an average price of $82.80, for a total value of $8,129,055.60. Following the transaction, the insider now directly owns 403,171 shares in the company, valued at $33,382,558.80. The trade was a 19.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,506,925 shares of company stock worth $188,456,658. Insiders own 9.23% of the company’s stock.

Palantir Technologies Company Profile

(Free Report)

Palantir Technologies, Inc engages in the business of building and deploying software platforms that serve as the central operating systems for its customers. It operates under the Commercial and Government segments. The Commercial segment focuses on customers working in non-government industries. The Government segment is involved in providing services to customers that are the United States government and non-United States government agencies.

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