Wealthcare Advisory Partners LLC Increases Stock Holdings in Palantir Technologies Inc. (NYSE:PLTR)

Wealthcare Advisory Partners LLC raised its stake in shares of Palantir Technologies Inc. (NYSE:PLTR) by 6.7% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 23,121 shares of the company’s stock after purchasing an additional 1,459 shares during the quarter. Wealthcare Advisory Partners LLC’s holdings in Palantir Technologies were worth $532,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in PLTR. West Paces Advisors Inc. raised its holdings 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 in the last quarter. Massmutual Trust Co. FSB ADV increased its stake in shares of Palantir Technologies by 105.3% in the 1st quarter. Massmutual Trust Co. FSB ADV now owns 1,347 shares of the company’s stock worth $31,000 after acquiring an additional 691 shares in the last quarter. Halpern Financial Inc. lifted its position in Palantir Technologies by 44.0% during the 1st quarter. Halpern Financial Inc. now owns 1,440 shares of the company’s stock valued at $33,000 after acquiring an additional 440 shares during the period. Pacifica Partners Inc. purchased a new stake in Palantir Technologies in the fourth quarter worth about $27,000. Finally, First United Bank & Trust bought a new position in shares of Palantir Technologies during the fourth quarter valued at approximately $26,000. 45.65% of the stock is currently owned by institutional investors.

Palantir Technologies Trading Up 0.4 %

PLTR opened at $25.33 on Friday. Palantir Technologies Inc. has a 1-year low of $13.68 and a 1-year high of $27.50. The firm’s 50 day simple moving average is $22.63 and its two-hundred day simple moving average is $21.51. The company has a market capitalization of $56.41 billion, a PE ratio of 211.10, a PEG ratio of 5.82 and a beta of 2.70.

Palantir Technologies (NYSE:PLTR) last issued its quarterly earnings results on Monday, May 6th. The company reported $0.04 EPS for the quarter, hitting analysts’ consensus estimates of $0.04. The business had revenue of $634.34 million during the quarter, compared to analysts’ expectations of $614.88 million. Palantir Technologies had a return on equity of 8.28% and a net margin of 12.79%. Equities analysts forecast that Palantir Technologies Inc. will post 0.16 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Palantir Technologies news, Director Eric H. Woersching sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, June 18th. The stock was sold at an average price of $26.00, for a total transaction of $78,000.00. Following the sale, the director now directly owns 32,843 shares of the company’s stock, valued at $853,918. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, Director Eric H. Woersching sold 3,000 shares of the business’s stock in a transaction on Tuesday, June 18th. The shares were 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 legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Peter Thiel sold 6,285,833 shares of the firm’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $21.33, for a total transaction of $134,076,817.89. Following the transaction, the director now directly owns 64,520,599 shares of the company’s stock, valued at $1,376,224,376.67. The disclosure for this sale can be found here. Insiders sold a total of 11,377,153 shares of company stock worth $240,054,945 over the last three months. 12.93% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of brokerages have recently commented on PLTR. Royal Bank of Canada boosted their price target on Palantir Technologies from $5.00 to $9.00 and gave the stock an “underperform” rating in a research report on Tuesday, May 7th. HSBC raised their price target on Palantir Technologies from $22.00 to $23.00 and gave the company a “hold” rating in a report on Tuesday, May 7th. Wedbush reiterated an “outperform” rating and issued a $35.00 price target on shares of Palantir Technologies in a research note on Monday, May 6th. Bank of America raised their price objective on shares of Palantir Technologies from $24.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. Finally, Monness Crespi & Hardt downgraded shares of 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. Six equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, Palantir Technologies currently has a consensus rating of “Hold” and a consensus price target of $21.25.

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.