Palantir Technologies Inc. (NASDAQ:PLTR) Shares Purchased by Walter & Keenan Wealth Management LLC IN ADV

Walter & Keenan Wealth Management LLC IN ADV lifted its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 1.1% in the first quarter, Holdings Channel reports. The firm owned 19,560 shares of the company’s stock after buying an additional 214 shares during the period. Walter & Keenan Wealth Management LLC IN ADV’s holdings in Palantir Technologies were worth $1,651,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. First Command Advisory Services Inc. acquired a new stake in shares of Palantir Technologies in the 4th quarter worth $34,000. Summit Securities Group LLC acquired a new stake in shares of Palantir Technologies in the 4th quarter worth $34,000. Fairfield Financial Advisors LTD acquired a new stake in shares of Palantir Technologies in the 4th quarter worth $35,000. Godsey & Gibb Inc. boosted its position in shares of Palantir Technologies by 740.0% in the 1st quarter. Godsey & Gibb Inc. now owns 420 shares of the company’s stock worth $35,000 after purchasing an additional 370 shares in the last quarter. Finally, Runnymede Capital Advisors Inc. acquired a new stake in shares of Palantir Technologies in the 4th quarter worth $36,000. Institutional investors and hedge funds own 45.65% of the company’s stock.

Palantir Technologies Stock Up 1.3%

Shares of Palantir Technologies stock opened at $139.96 on Friday. Palantir Technologies Inc. has a twelve month low of $21.23 and a twelve month high of $144.86. The business has a 50-day moving average price of $119.67 and a 200 day moving average price of $96.64. The firm has a market cap of $330.29 billion, a PE ratio of 608.52, a P/E/G ratio of 11.95 and a beta of 2.64.

Palantir Technologies (NASDAQ:PLTR) last announced its quarterly earnings results on Monday, May 5th. The company reported $0.13 earnings per share 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 previous year, the business earned $0.08 EPS. Palantir Technologies’s revenue for the quarter was up 39.4% compared to the same quarter last year. On average, sell-side analysts expect that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have commented on PLTR. UBS Group lifted their price target on Palantir Technologies from $105.00 to $110.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 6th. Morgan Stanley lifted their price target on Palantir Technologies from $90.00 to $98.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 6th. DA Davidson lifted their price target on Palantir Technologies from $100.00 to $115.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 6th. William Blair set a $84.00 price target on Palantir Technologies in a research report on Wednesday, March 5th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “sell” rating on shares of Palantir Technologies in a research report on Tuesday, May 6th. Five equities research 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, the company currently has a consensus rating of “Hold” and a consensus price target of $89.32.

Insiders Place Their Bets

In other news, insider Shyam Sankar sold 405,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 10th. The stock was sold at an average price of $132.08, for a total value of $53,492,400.00. Following the completion of the sale, the insider now directly owns 702,786 shares in the company, valued at $92,823,974.88. This represents a 36.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Lauren Elaina Friedman Stat sold 800 shares of the company’s stock in a transaction that occurred on Thursday, April 3rd. The shares were sold at an average price of $81.25, for a total value of $65,000.00. Following the completion of the sale, the director now owns 61,339 shares of the company’s stock, valued at $4,983,793.75. This trade represents a 1.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 1,506,925 shares of company stock worth $188,456,658. Corporate insiders own 9.23% 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.