HMV Wealth Advisors LLC Has $348,000 Holdings in Palantir Technologies Inc. (NASDAQ:PLTR)

HMV Wealth Advisors LLC increased its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 40.6% in the 1st quarter, HoldingsChannel reports. The firm owned 4,118 shares of the company’s stock after acquiring an additional 1,190 shares during the quarter. HMV Wealth Advisors LLC’s holdings in Palantir Technologies were worth $348,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Sage Advisors LLC bought a new stake in Palantir Technologies during the fourth quarter worth about $369,000. Asset Planning Inc bought a new stake in Palantir Technologies during the fourth quarter worth about $101,000. WealthPlan Investment Management LLC lifted its position in Palantir Technologies by 145.2% during the fourth quarter. WealthPlan Investment Management LLC now owns 35,805 shares of the company’s stock worth $2,708,000 after purchasing an additional 21,204 shares during the period. Pitcairn Co. bought a new stake in Palantir Technologies during the fourth quarter worth about $281,000. Finally, Kessler Investment Group LLC bought a new stake in Palantir Technologies during the fourth quarter worth about $7,857,000. Institutional investors own 45.65% of the company’s stock.

Insider Buying and Selling

In related news, insider Shyam Sankar sold 405,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $132.08, for a total value of $53,492,400.00. Following the sale, the insider now directly owns 702,786 shares of the company’s stock, valued at $92,823,974.88. This trade represents a 36.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Stephen Andrew Cohen sold 310,000 shares of the firm’s stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $87.07, for a total transaction of $26,991,700.00. Following the completion of the sale, the insider now directly owns 592 shares in the company, valued at $51,545.44. This represents a 99.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,816,925 shares of company stock valued at $215,448,358. 9.23% of the stock is owned by insiders.

Palantir Technologies Price Performance

PLTR opened at $137.40 on Friday. The company has a market capitalization of $324.25 billion, a price-to-earnings ratio of 723.20, a P/E/G ratio of 10.84 and a beta of 2.64. The firm’s fifty day moving average price is $115.48 and its two-hundred day moving average price is $94.61. Palantir Technologies Inc. has a 1 year low of $21.23 and a 1 year high of $140.00.

Palantir Technologies (NASDAQ:PLTR) last posted its quarterly earnings data on Monday, May 5th. The company reported $0.13 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.13. The firm had revenue of $883.86 million for the quarter, compared to the consensus estimate of $863.89 million. Palantir Technologies had a net margin of 16.13% and a return on equity of 6.85%. The business’s revenue for the quarter was up 39.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.08 EPS. As a group, equities analysts anticipate that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Analyst Ratings Changes

PLTR has been the subject of a number of research reports. UBS Group increased their target price on shares of Palantir Technologies from $105.00 to $110.00 and gave the stock a “neutral” rating in a report on Tuesday, May 6th. DA Davidson increased their target price on shares of Palantir Technologies from $100.00 to $115.00 and gave the stock a “neutral” rating in a report on Tuesday, May 6th. Loop Capital increased their target price on shares of Palantir Technologies from $130.00 to $155.00 and gave the stock a “buy” rating in a report on Thursday. Cantor Fitzgerald increased their target price on shares of Palantir Technologies from $98.00 to $110.00 and gave the stock a “neutral” rating in a report on Tuesday, May 6th. Finally, Daiwa America raised shares of Palantir Technologies to a “hold” rating in a report on Tuesday, April 1st. Five analysts have rated the stock with a sell rating, fifteen have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, Palantir Technologies presently has a consensus rating of “Hold” and a consensus price target of $86.30.

About Palantir Technologies

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.