SLT Holdings LLC Increases Holdings in Palantir Technologies Inc. (NASDAQ:PLTR)

SLT Holdings LLC grew its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 10.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,472 shares of the company’s stock after acquiring an additional 500 shares during the period. SLT Holdings LLC’s holdings in Palantir Technologies were worth $462,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in PLTR. Revolve Wealth Partners LLC purchased a new stake in shares of Palantir Technologies in the fourth quarter worth about $450,000. Blair William & Co. IL raised its holdings in shares of Palantir Technologies by 14.9% during the 4th quarter. Blair William & Co. IL now owns 71,429 shares of the company’s stock worth $5,402,000 after acquiring an additional 9,255 shares in the last quarter. Brown Brothers Harriman & Co. raised its holdings in shares of Palantir Technologies by 19.0% during the 4th quarter. Brown Brothers Harriman & Co. now owns 8,181 shares of the company’s stock worth $619,000 after acquiring an additional 1,306 shares in the last quarter. Allianz SE purchased a new stake in shares of Palantir Technologies during the 4th quarter worth approximately $486,000. Finally, Summit Securities Group LLC purchased a new stake in shares of Palantir Technologies during the 4th quarter worth approximately $34,000. 45.65% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Wedbush set a $160.00 price target on shares of Palantir Technologies in a research note on Thursday, July 10th. Daiwa America upgraded shares of Palantir Technologies to a “hold” rating in a research report on Tuesday, April 1st. The Goldman Sachs Group upped their target price on shares of Palantir Technologies from $80.00 to $90.00 and gave the company a “neutral” rating in a research report on Tuesday, May 6th. Citigroup upped their target price on shares of Palantir Technologies from $110.00 to $115.00 and gave the company a “neutral” rating in a research report on Thursday, May 8th. Finally, DA Davidson upped their price objective on Palantir Technologies from $100.00 to $115.00 and gave the company a “neutral” rating in a research report on Tuesday, May 6th. Four analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $95.30.

Palantir Technologies Stock Down 0.6%

PLTR stock opened at $157.88 on Tuesday. The business’s fifty day simple moving average is $137.66 and its two-hundred day simple moving average is $110.05. Palantir Technologies Inc. has a twelve month low of $21.23 and a twelve month high of $160.39. The firm has a market cap of $372.58 billion, a price-to-earnings ratio of 686.43, a PEG ratio of 13.54 and a beta of 2.59.

Palantir Technologies (NASDAQ:PLTR) last posted its quarterly earnings results on Monday, May 5th. The company reported $0.13 EPS for the quarter, hitting the consensus estimate 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 net margin of 18.32% and a return on equity of 6.55%. The firm’s revenue was up 39.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.08 EPS. Research analysts expect that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Insider Buying and Selling at Palantir Technologies

In other news, insider David A. Glazer sold 30,812 shares of the firm’s stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $126.39, for a total transaction of $3,894,328.68. Following the transaction, the insider directly owned 495,497 shares of the company’s stock, valued at approximately $62,625,865.83. This trade represents a 5.85% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Ryan D. Taylor sold 35,480 shares of the firm’s stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $126.39, for a total value of $4,484,317.20. Following the transaction, the insider owned 367,691 shares in the company, valued at $46,472,465.49. The trade was a 8.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,485,632 shares of company stock valued at $191,222,623. 9.23% of the stock is owned by corporate insiders.

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.