Physicians Financial Services Inc. Purchases 500 Shares of Palantir Technologies Inc. (NASDAQ:PLTR)

Physicians Financial Services Inc. increased its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 9.1% during the first quarter, HoldingsChannel reports. The institutional investor owned 6,000 shares of the company’s stock after acquiring an additional 500 shares during the period. Physicians Financial Services Inc.’s holdings in Palantir Technologies were worth $506,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Mechanics Financial Corp acquired a new position in shares of Palantir Technologies during the 1st quarter worth $25,000. Cornerstone Planning Group LLC increased its position in Palantir Technologies by 90.2% during the first quarter. Cornerstone Planning Group LLC now owns 390 shares of the company’s stock worth $33,000 after buying an additional 185 shares during the last quarter. Richardson Capital Management LLC acquired a new stake in shares of Palantir Technologies in the first quarter worth about $33,000. Atlantic Edge Private Wealth Management LLC boosted its stake in shares of Palantir Technologies by 45.5% during the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 400 shares of the company’s stock worth $34,000 after acquiring an additional 125 shares in the last quarter. Finally, CBIZ Investment Advisory Services LLC boosted its stake in shares of Palantir Technologies by 118.5% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 413 shares of the company’s stock worth $35,000 after acquiring an additional 224 shares in the last quarter. Institutional investors own 45.65% of the company’s stock.

Palantir Technologies Trading Up 2.5%

Shares of PLTR opened at $158.80 on Monday. The stock has a market cap of $374.75 billion, a PE ratio of 690.43, a PEG ratio of 13.54 and a beta of 2.59. Palantir Technologies Inc. has a 1 year low of $21.23 and a 1 year high of $160.39. The stock has a 50 day simple moving average of $137.03 and a 200-day simple moving average of $109.42.

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 analysts’ consensus estimates of $0.13. The firm had revenue of $883.86 million for the quarter, compared to analysts’ expectations of $863.89 million. Palantir Technologies had a return on equity of 6.55% and a net margin of 18.32%. The business’s revenue was up 39.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.08 earnings per share. On average, sell-side analysts forecast that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on PLTR shares. DA Davidson boosted their target price on Palantir Technologies from $100.00 to $115.00 and gave the stock a “neutral” rating in a report on Tuesday, May 6th. Loop Capital set a $155.00 price objective on shares of Palantir Technologies and gave the stock a “buy” rating in a research note on Thursday, June 12th. Citigroup raised their target price on shares of Palantir Technologies from $110.00 to $115.00 and gave the company a “neutral” rating in a research note on Thursday, May 8th. UBS Group reissued a “positive” rating on shares of Palantir Technologies in a research report on Wednesday, June 25th. Finally, Morgan Stanley raised their price target on Palantir Technologies from $90.00 to $98.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 6th. Four research analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $95.30.

Insiders Place Their Bets

In other Palantir Technologies news, Director Lauren Elaina Friedman Stat sold 800 shares of the stock in a transaction dated Wednesday, July 9th. The shares were sold at an average price of $139.61, for a total transaction of $111,688.00. Following the sale, the director owned 62,887 shares of the company’s stock, valued at $8,779,654.07. This represents a 1.26% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Eric H. Woersching sold 10,214 shares of the business’s stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $130.95, for a total transaction of $1,337,523.30. Following the completion of the transaction, the director directly owned 2,348 shares of the company’s stock, valued at approximately $307,470.60. This represents a 81.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,485,632 shares of company stock worth $191,222,623 in the last quarter. 12.93% of the stock is owned by corporate insiders.

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.