SeaCrest Wealth Management LLC Boosts Stock Holdings in Palantir Technologies Inc. (NYSE:PLTR)

SeaCrest Wealth Management LLC raised its stake in Palantir Technologies Inc. (NYSE:PLTR) by 71.9% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 25,725 shares of the company’s stock after purchasing an additional 10,764 shares during the quarter. SeaCrest Wealth Management LLC’s holdings in Palantir Technologies were worth $592,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in PLTR. Vanguard Group Inc. grew its position in Palantir Technologies by 11.1% during the third quarter. Vanguard Group Inc. now owns 187,338,667 shares of the company’s stock valued at $2,997,419,000 after acquiring an additional 18,756,392 shares during the period. Morgan Stanley grew its holdings in shares of Palantir Technologies by 26.1% during the 3rd quarter. Morgan Stanley now owns 22,614,555 shares of the company’s stock worth $361,833,000 after purchasing an additional 4,675,824 shares during the period. KEYWISE CAPITAL MANAGEMENT HK Ltd increased its position in Palantir Technologies by 314.7% during the 3rd quarter. KEYWISE CAPITAL MANAGEMENT HK Ltd now owns 5,285,700 shares of the company’s stock worth $84,571,000 after purchasing an additional 4,011,100 shares in the last quarter. International Assets Investment Management LLC raised its holdings in Palantir Technologies by 1,784.0% in the fourth quarter. International Assets Investment Management LLC now owns 2,895,772 shares of the company’s stock valued at $49,720,000 after buying an additional 2,742,071 shares during the period. Finally, Norges Bank acquired a new position in Palantir Technologies during the fourth quarter valued at approximately $46,542,000. 45.65% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently commented on PLTR. Mizuho raised their target price on shares of Palantir Technologies from $18.00 to $21.00 and gave the company a “neutral” rating in a research note on Thursday, March 7th. HSBC boosted their price objective on Palantir Technologies from $22.00 to $23.00 and gave the stock a “hold” rating in a research note on Tuesday, May 7th. Royal Bank of Canada increased their target price on Palantir Technologies from $5.00 to $9.00 and gave the company an “underperform” rating in a research note on Tuesday, May 7th. William Blair reiterated an “underperform” rating on shares of Palantir Technologies in a report on Tuesday, May 7th. Finally, DA Davidson upped their price target on Palantir Technologies from $19.00 to $24.00 and gave the stock a “neutral” rating in a report on Tuesday, May 7th. Six investment 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. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $21.25.

Insider Buying and Selling at Palantir Technologies

In other news, insider Heather A. Planishek sold 2,398 shares of Palantir Technologies stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $21.30, for a total value of $51,077.40. Following the completion of the transaction, the insider now owns 639,696 shares in the company, valued at approximately $13,625,524.80. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, Director Alexander D. Moore sold 20,000 shares of the stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $22.02, for a total transaction of $440,400.00. Following the sale, the director now owns 1,595,519 shares in the company, valued at $35,133,328.38. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Heather A. Planishek sold 2,398 shares of Palantir Technologies stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $21.30, for a total value of $51,077.40. Following the completion of the transaction, the insider now owns 639,696 shares of the company’s stock, valued at $13,625,524.80. The disclosure for this sale can be found here. Insiders have sold 11,372,153 shares of company stock worth $239,941,245 over the last quarter. 12.93% of the stock is owned by corporate insiders.

Palantir Technologies Price Performance

NYSE PLTR opened at $25.83 on Thursday. The company has a market capitalization of $57.52 billion, a price-to-earnings ratio of 215.27, a price-to-earnings-growth ratio of 5.96 and a beta of 2.71. Palantir Technologies Inc. has a 12 month low of $13.68 and a 12 month high of $27.50. The company’s fifty day moving average price is $22.89 and its two-hundred day moving average price is $21.68.

Palantir Technologies (NYSE:PLTR) last issued its 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. Palantir Technologies had a net margin of 12.79% and a return on equity of 8.28%. The business had revenue of $634.34 million for the quarter, compared to analyst estimates of $614.88 million. As a group, analysts anticipate that Palantir Technologies Inc. will post 0.16 EPS for the current year.

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.