Palantir Technologies Inc. (NASDAQ:PLTR) Stock Holdings Increased by Aaron Wealth Advisors LLC

Aaron Wealth Advisors LLC lifted its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 14.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,931 shares of the company’s stock after acquiring an additional 1,374 shares during the period. Aaron Wealth Advisors LLC’s holdings in Palantir Technologies were worth $923,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Sovran Advisors LLC lifted its position in shares of Palantir Technologies by 1.8% in the 1st quarter. Sovran Advisors LLC now owns 5,453 shares of the company’s stock worth $460,000 after buying an additional 94 shares during the last quarter. Continuum Advisory LLC lifted its holdings in Palantir Technologies by 3.8% in 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 boosted its stake in Palantir Technologies by 0.4% in the fourth quarter. Heritage Wealth Management Inc. CA now owns 29,024 shares of the company’s stock valued at $2,195,000 after acquiring an additional 111 shares during the period. True Wealth Design LLC grew its holdings in shares of Palantir Technologies by 29.3% during the fourth quarter. True Wealth Design LLC now owns 503 shares of the company’s stock valued at $38,000 after purchasing an additional 114 shares during the last quarter. Finally, Gemmer Asset Management LLC raised its position in shares of Palantir Technologies by 1.6% during the 1st quarter. Gemmer Asset Management LLC now owns 7,567 shares of the company’s stock worth $639,000 after purchasing an additional 119 shares during the period. 45.65% of the stock is currently owned by institutional investors.

Insider Transactions at Palantir Technologies

In other news, insider David A. Glazer sold 3,418 shares of the firm’s stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $125.97, for a total transaction of $430,565.46. Following the completion of the transaction, the insider owned 492,079 shares in the company, valued at approximately $61,987,191.63. This trade represents a 0.69% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Eric H. Woersching sold 17,000 shares of Palantir Technologies stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $129.29, for a total transaction of $2,197,930.00. Following the completion of the transaction, the director directly owned 12,562 shares in the company, valued at $1,624,140.98. This represents a 57.51% decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,408,748 shares of company stock valued at $180,327,603 in the last quarter. 12.93% of the stock is owned by company insiders.

Analyst Ratings Changes

PLTR has been the subject of a number of recent research reports. Wedbush set a $140.00 price objective on Palantir Technologies and gave the stock an “outperform” rating in a research note on Tuesday, May 6th. DA Davidson upped their price target on shares of Palantir Technologies from $100.00 to $115.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 6th. Morgan Stanley increased their price objective on shares of Palantir Technologies from $90.00 to $98.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 6th. Loop Capital set a $155.00 target price on shares of Palantir Technologies and gave the company a “buy” rating in a research note on Thursday, June 12th. Finally, Daiwa Capital Markets started coverage on shares of Palantir Technologies in a research report on Tuesday, April 1st. They issued a “neutral” rating and a $90.00 target price for the company. Five investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $89.32.

Palantir Technologies Price Performance

Shares of NASDAQ:PLTR opened at $130.68 on Wednesday. The stock has a market cap of $308.39 billion, a price-to-earnings ratio of 568.17, a PEG ratio of 11.64 and a beta of 2.60. Palantir Technologies Inc. has a 12 month low of $21.23 and a 12 month high of $148.22. The stock’s 50 day moving average price is $126.89 and its 200 day moving average price is $100.44.

Palantir Technologies (NASDAQ:PLTR) last posted its quarterly earnings data on Monday, May 5th. The company reported $0.13 EPS for the quarter, hitting analysts’ consensus estimates of $0.13. The company had revenue of $883.86 million for the quarter, compared to the consensus estimate of $863.89 million. Palantir Technologies had a return on equity of 6.55% and a net margin of 18.32%. The company’s quarterly revenue was up 39.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.08 EPS. On average, sell-side analysts expect that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Palantir Technologies 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.