Register Financial Advisors LLC Takes $53,000 Position in Palantir Technologies Inc. (NYSE:PLTR)

Register Financial Advisors LLC bought a new stake in shares of Palantir Technologies Inc. (NYSE:PLTR) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,285 shares of the company’s stock, valued at approximately $53,000.

Several other hedge funds have also recently made changes to their positions in PLTR. Halpern Financial Inc. grew its stake in Palantir Technologies by 44.0% in the first quarter. Halpern Financial Inc. now owns 1,440 shares of the company’s stock worth $33,000 after purchasing an additional 440 shares during the period. Harbor Investment Advisory LLC grew its stake in Palantir Technologies by 16.9% in the first quarter. Harbor Investment Advisory LLC now owns 3,208 shares of the company’s stock worth $74,000 after purchasing an additional 463 shares during the period. Fiduciary Alliance LLC grew its stake in Palantir Technologies by 1.0% in the fourth quarter. Fiduciary Alliance LLC now owns 60,776 shares of the company’s stock worth $1,044,000 after purchasing an additional 618 shares during the period. West Paces Advisors Inc. grew its stake in Palantir Technologies by 110.7% in the first quarter. West Paces Advisors Inc. now owns 1,180 shares of the company’s stock worth $27,000 after purchasing an additional 620 shares during the period. Finally, AXS Investments LLC grew its stake in Palantir Technologies by 1.5% in the fourth quarter. AXS Investments LLC now owns 42,264 shares of the company’s stock worth $726,000 after purchasing an additional 626 shares during the period. 45.65% of the stock is owned by hedge funds and other institutional investors.

Palantir Technologies Price Performance

Shares of NYSE:PLTR opened at $25.33 on Friday. The company has a market cap of $56.41 billion, a P/E ratio of 211.10, a PEG ratio of 5.82 and a beta of 2.70. Palantir Technologies Inc. has a 1 year low of $13.68 and a 1 year high of $27.50. The stock’s fifty day moving average price is $22.63 and its 200-day moving average price is $21.48.

Palantir Technologies (NYSE:PLTR) last announced its quarterly earnings results on Monday, May 6th. The company reported $0.04 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.04. The firm had revenue of $634.34 million for the quarter, compared to the consensus estimate of $614.88 million. Palantir Technologies had a return on equity of 8.28% and a net margin of 12.79%. On average, sell-side analysts anticipate that Palantir Technologies Inc. will post 0.16 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages recently weighed in on PLTR. Mizuho upped their price target on Palantir Technologies from $18.00 to $21.00 and gave the stock a “neutral” rating in a research note on Thursday, March 7th. Citigroup upped their price target on Palantir Technologies from $23.00 to $25.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 7th. William Blair reissued an “underperform” rating on shares of Palantir Technologies in a research note on Tuesday, May 7th. Monness Crespi & Hardt cut Palantir Technologies from a “neutral” rating to a “sell” rating and set a $20.00 target price on the stock. in a research note on Friday, June 21st. Finally, Deutsche Bank Aktiengesellschaft increased their target price on Palantir Technologies from $18.00 to $20.00 and gave the stock a “sell” rating in a research note on Tuesday, May 7th. Six research analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $21.25.

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, Director Eric H. Woersching sold 3,000 shares of the stock in a transaction dated Tuesday, June 18th. The stock was sold at an average price of $26.00, for a total value of $78,000.00. Following the transaction, the director now owns 32,843 shares of the company’s stock, valued at $853,918. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Palantir Technologies news, Director Eric H. Woersching sold 3,000 shares of the company’s stock in a transaction dated Tuesday, June 18th. The stock was sold at an average price of $26.00, for a total value of $78,000.00. Following the completion of the sale, the director now owns 32,843 shares in the company, valued at $853,918. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Heather A. Planishek sold 10,907 shares of the company’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $21.43, for a total value of $233,737.01. Following the completion of the sale, the insider now owns 651,099 shares of the company’s stock, valued at approximately $13,953,051.57. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 11,377,153 shares of company stock valued at $240,054,945. 12.93% of the stock is owned by company insiders.

Palantir Technologies Profile

Palantir Technologies Inc builds and deploys software platforms for the intelligence community to assist in counterterrorism investigations and operations in the United States, the United Kingdom, and internationally. The company provides Palantir Gotham, a software platform which enables users to identify patterns hidden deep within datasets, ranging from signals intelligence sources to reports from confidential informants, as well as facilitates the handoff between analysts and operational users, helping operators plan and execute real-world responses to threats that have been identified within the platform.