Kingswood Wealth Advisors LLC Purchases 113,010 Shares of Palantir Technologies Inc. (NASDAQ:PLTR)

Kingswood Wealth Advisors LLC grew its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 288.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 152,141 shares of the company’s stock after acquiring an additional 113,010 shares during the quarter. Palantir Technologies accounts for 0.5% of Kingswood Wealth Advisors LLC’s portfolio, making the stock its 26th biggest holding. Kingswood Wealth Advisors LLC’s holdings in Palantir Technologies were worth $12,872,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the company. Continuum Advisory LLC increased its stake in Palantir Technologies by 3.8% during the fourth quarter. Continuum Advisory LLC now owns 2,670 shares of the company’s stock worth $202,000 after acquiring an additional 98 shares during the last quarter. Heritage Wealth Management Inc. CA increased its stake in Palantir Technologies by 0.4% during the fourth quarter. Heritage Wealth Management Inc. CA now owns 29,024 shares of the company’s stock worth $2,195,000 after acquiring an additional 111 shares during the last quarter. True Wealth Design LLC increased its stake in Palantir Technologies by 29.3% during the fourth quarter. True Wealth Design LLC now owns 503 shares of the company’s stock worth $38,000 after acquiring an additional 114 shares during the last quarter. Gemmer Asset Management LLC increased its stake in Palantir Technologies by 1.6% during the first quarter. Gemmer Asset Management LLC now owns 7,567 shares of the company’s stock worth $639,000 after acquiring an additional 119 shares during the last quarter. Finally, Westover Capital Advisors LLC boosted its position in shares of Palantir Technologies by 1.8% during the fourth quarter. Westover Capital Advisors LLC now owns 7,330 shares of the company’s stock valued at $554,000 after buying an additional 130 shares during the period. Institutional investors own 45.65% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Mizuho boosted their target price on Palantir Technologies from $94.00 to $116.00 and gave the company an “underperform” rating in a research report on Wednesday, June 11th. The Goldman Sachs Group boosted their target price on Palantir Technologies from $80.00 to $90.00 and gave the company a “neutral” rating in a research report on Tuesday, May 6th. Royal Bank Of Canada restated an “underperform” rating on shares of Palantir Technologies in a research report on Tuesday, May 6th. DA Davidson boosted their target price on Palantir Technologies from $100.00 to $115.00 and gave the company a “neutral” rating in a research report on Tuesday, May 6th. Finally, Daiwa Capital Markets assumed coverage on Palantir Technologies in a research report on Tuesday, April 1st. They set a “neutral” rating and a $90.00 target price for the company. Five investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $89.32.

Palantir Technologies Trading Down 2.3%

Shares of PLTR opened at $138.20 on Wednesday. Palantir Technologies Inc. has a 12 month low of $21.23 and a 12 month high of $144.86. The stock has a fifty day moving average price of $117.68 and a 200-day moving average price of $95.83. The firm has a market cap of $326.14 billion, a PE ratio of 600.87, a P/E/G ratio of 11.93 and a beta of 2.64.

Palantir Technologies (NASDAQ:PLTR) last issued its quarterly earnings data 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 firm had revenue of $883.86 million during the quarter, compared to analyst estimates of $863.89 million. During the same quarter in the prior year, the business posted $0.08 EPS. The business’s revenue for the quarter 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 Activity

In related news, Director Lauren Elaina Friedman Stat sold 800 shares of the firm’s stock in a transaction on Thursday, April 3rd. The stock was sold at an average price of $81.25, for a total value of $65,000.00. Following the completion of the transaction, the director now owns 61,339 shares in the company, valued at $4,983,793.75. This trade represents a 1.29% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Ryan D. Taylor sold 98,177 shares of the firm’s stock in a transaction on Monday, March 31st. The stock was sold at an average price of $82.80, for a total value of $8,129,055.60. Following the completion of the transaction, the insider now owns 403,171 shares of the company’s stock, valued at $33,382,558.80. This trade represents a 19.58% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,506,925 shares of company stock worth $188,456,658. Insiders own 12.93% of the company’s stock.

Palantir Technologies Company Profile

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.