Redhawk Wealth Advisors Inc. Has $369,000 Stock Holdings in Palantir Technologies Inc. (NASDAQ:PLTR)

Redhawk Wealth Advisors Inc. increased its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 20.8% in the 1st quarter, Holdings Channel.com reports. The firm owned 4,373 shares of the company’s stock after acquiring an additional 752 shares during the quarter. Redhawk Wealth Advisors Inc.’s holdings in Palantir Technologies were worth $369,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Roxbury Financial LLC acquired a new position in shares of Palantir Technologies during the 4th quarter worth about $27,000. HighMark Wealth Management LLC lifted its position in shares of Palantir Technologies by 73.5% during the 4th quarter. HighMark Wealth Management LLC now owns 392 shares of the company’s stock worth $30,000 after purchasing an additional 166 shares during the last quarter. Sierra Ocean LLC acquired a new position in shares of Palantir Technologies during the 4th quarter worth about $31,000. Godsey & Gibb Inc. lifted its position in shares of Palantir Technologies by 740.0% during the 1st quarter. Godsey & Gibb Inc. now owns 420 shares of the company’s stock worth $35,000 after purchasing an additional 370 shares during the last quarter. Finally, First Command Advisory Services Inc. acquired a new position in shares of Palantir Technologies during the 4th quarter worth about $34,000. Institutional investors and hedge funds own 45.65% of the company’s stock.

Insider Buying and Selling

In related news, insider Stephen Andrew Cohen sold 310,000 shares of the stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $87.07, for a total transaction of $26,991,700.00. Following 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Eric H. Woersching sold 17,000 shares of the company’s stock in a transaction on Monday, June 9th. The stock was sold at an average price of $129.29, for a total value of $2,197,930.00. Following the transaction, the director now directly owns 12,562 shares in the company, valued at approximately $1,624,140.98. This represents a 57.51% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,661,925 shares of company stock worth $268,580,958 in the last three months. Insiders own 9.23% of the company’s stock.

Palantir Technologies Price Performance

NASDAQ PLTR opened at $136.28 on Thursday. The firm has a market cap of $321.61 billion, a PE ratio of 717.31, a price-to-earnings-growth ratio of 10.84 and a beta of 2.64. Palantir Technologies Inc. has a one year low of $21.23 and a one year high of $140.00. The stock’s 50 day simple moving average is $113.13 and its 200 day simple moving average is $93.63.

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

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on PLTR. Morgan Stanley boosted their price objective 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. William Blair set a $84.00 price target on Palantir Technologies in a research note on Wednesday, March 5th. Deutsche Bank Aktiengesellschaft restated a “sell” rating on shares of Palantir Technologies in a research note on Tuesday, May 6th. Daiwa America upgraded Palantir Technologies to a “hold” rating in a research note on Tuesday, April 1st. Finally, UBS Group boosted their price target on Palantir Technologies from $105.00 to $110.00 and gave the company a “neutral” rating in a research note 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 issued a buy rating to the company’s stock. Based on data from MarketBeat, Palantir Technologies presently has an average rating of “Hold” and an average price target of $85.05.

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.