Edge Capital Group LLC Has $506,000 Holdings in Palantir Technologies Inc. (NYSE:PLTR)

Edge Capital Group LLC lifted its stake in Palantir Technologies Inc. (NYSE:PLTR) by 9.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,981 shares of the company’s stock after acquiring an additional 1,786 shares during the period. Edge Capital Group LLC’s holdings in Palantir Technologies were worth $506,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. EverSource Wealth Advisors LLC lifted its stake in shares of Palantir Technologies by 44.4% in the second quarter. EverSource Wealth Advisors LLC now owns 281,322 shares of the company’s stock valued at $7,565,000 after buying an additional 86,483 shares during the period. Fairscale Capital LLC acquired a new position in Palantir Technologies in the 2nd quarter valued at approximately $193,000. Fidelis Capital Partners LLC lifted its position in shares of Palantir Technologies by 355.9% in the 2nd quarter. Fidelis Capital Partners LLC now owns 8,375 shares of the company’s stock worth $220,000 after acquiring an additional 6,538 shares during the period. Frank Rimerman Advisors LLC grew its holdings in shares of Palantir Technologies by 97.3% during the 2nd quarter. Frank Rimerman Advisors LLC now owns 15,453 shares of the company’s stock worth $391,000 after purchasing an additional 7,619 shares in the last quarter. Finally, ProShare Advisors LLC increased its holdings in Palantir Technologies by 14.9% in the 2nd quarter. ProShare Advisors LLC now owns 13,100 shares of the company’s stock valued at $332,000 after buying an additional 1,702 shares during the period. Institutional investors own 45.65% of the company’s stock.

Palantir Technologies Trading Up 1.0 %

Shares of NYSE PLTR opened at $37.20 on Monday. Palantir Technologies Inc. has a 1-year low of $13.68 and a 1-year high of $37.35. The company has a 50-day moving average of $30.57 and a two-hundred day moving average of $25.92. The company has a market cap of $83.31 billion, a PE ratio of 310.03 and a beta of 2.72.

Palantir Technologies (NYSE:PLTR) last posted its quarterly earnings data on Monday, August 5th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.01). The company had revenue of $678.13 million during the quarter, compared to the consensus estimate of $653.23 million. Palantir Technologies had a return on equity of 8.88% and a net margin of 16.32%. The business’s revenue for the quarter was up 27.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.01 EPS. As a group, equities research analysts forecast that Palantir Technologies Inc. will post 0.19 earnings per share for the current year.

Analyst Ratings Changes

PLTR has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Palantir Technologies from $20.00 to $21.00 and gave the company a “sell” rating in a research report on Tuesday, August 6th. Monness Crespi & Hardt lowered their price objective on Palantir Technologies from $20.00 to $18.00 and set a “sell” rating on the stock in a research note on Tuesday, August 6th. Mizuho cut Palantir Technologies from a “neutral” rating to an “underperform” rating and increased their target price for the stock from $21.00 to $22.00 in a report on Tuesday, July 16th. Argus started coverage on Palantir Technologies in a research report on Monday, June 17th. They issued a “buy” rating and a $29.00 price target on the stock. Finally, Royal Bank of Canada reissued an “underperform” rating and set a $9.00 price objective on shares of Palantir Technologies in a report on Tuesday, August 6th. Five investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $26.79.

Insider Activity at Palantir Technologies

In other Palantir Technologies news, insider Alexander C. Karp sold 4,500,000 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $36.07, for a total transaction of $162,315,000.00. Following the completion of the sale, the insider now directly owns 6,432,258 shares of the company’s stock, valued at approximately $232,011,546.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Eric H. Woersching sold 3,026 shares of Palantir Technologies stock in a transaction on Tuesday, July 9th. The stock was sold at an average price of $28.00, for a total transaction of $84,728.00. Following the completion of the sale, the director now directly owns 29,817 shares of the company’s stock, valued at $834,876. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Alexander C. Karp sold 4,500,000 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $36.07, for a total value of $162,315,000.00. Following the completion of the sale, the insider now owns 6,432,258 shares of the company’s stock, valued at approximately $232,011,546.06. The disclosure for this sale can be found here. Insiders have sold a total of 5,383,238 shares of company stock worth $190,231,672 over the last 90 days. Insiders own 12.93% of the company’s stock.

Palantir Technologies Company 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.