Capital Advisory Group Advisory Services LLC Acquires Shares of 2,918 Palantir Technologies Inc. (NASDAQ:PLTR)

Capital Advisory Group Advisory Services LLC bought a new stake in Palantir Technologies Inc. (NASDAQ:PLTR) in the 1st quarter, HoldingsChannel.com reports. The firm bought 2,918 shares of the company’s stock, valued at approximately $246,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in PLTR. Geode Capital Management LLC lifted its holdings in Palantir Technologies by 8.6% during the fourth quarter. Geode Capital Management LLC now owns 52,074,232 shares of the company’s stock valued at $3,929,401,000 after purchasing an additional 4,127,306 shares in the last quarter. Northern Trust Corp increased its position in shares of Palantir Technologies by 20.4% during the fourth quarter. Northern Trust Corp now owns 19,488,465 shares of the company’s stock worth $1,473,913,000 after purchasing an additional 3,299,779 shares in the last quarter. Norges Bank acquired a new position in Palantir Technologies in the 4th quarter valued at $1,360,191,000. FMR LLC lifted its holdings in Palantir Technologies by 22.6% in the 4th quarter. FMR LLC now owns 15,296,371 shares of the company’s stock valued at $1,156,864,000 after purchasing an additional 2,818,090 shares in the last quarter. Finally, Invesco Ltd. boosted its stake in Palantir Technologies by 31.2% during the 4th quarter. Invesco Ltd. now owns 14,748,240 shares of the company’s stock worth $1,115,409,000 after purchasing an additional 3,509,311 shares during the last quarter. Institutional investors and hedge funds own 45.65% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on PLTR shares. Citigroup raised their price target on shares of Palantir Technologies from $110.00 to $115.00 and gave the stock a “neutral” rating in a research note on Thursday, May 8th. The Goldman Sachs Group raised their target price on shares of Palantir Technologies from $80.00 to $90.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 6th. Wedbush set a $140.00 price target on Palantir Technologies and gave the company an “outperform” rating in a research report on Tuesday, May 6th. William Blair set a $84.00 price target on Palantir Technologies in a report on Wednesday, March 5th. Finally, Daiwa Capital Markets assumed coverage on Palantir Technologies in a research note on Tuesday, April 1st. They set a “neutral” rating and a $90.00 price objective on the stock. Five research analysts have rated the stock with a sell rating, fifteen have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $83.95.

Palantir Technologies Trading Up 0.6%

Shares of PLTR opened at $132.81 on Wednesday. The firm’s fifty day simple moving average is $111.88 and its 200-day simple moving average is $93.33. The firm has a market capitalization of $313.42 billion, a price-to-earnings ratio of 699.04, a PEG ratio of 10.84 and a beta of 2.64. Palantir Technologies Inc. has a twelve month low of $21.23 and a twelve month high of $135.28.

Palantir Technologies (NASDAQ:PLTR) last announced its earnings results on Monday, May 5th. The company reported $0.13 EPS for the quarter, meeting analysts’ consensus estimates of $0.13. The business had revenue of $883.86 million during the quarter, compared to analysts’ expectations of $863.89 million. Palantir Technologies had a net margin of 16.13% and a return on equity of 6.85%. The business’s revenue was up 39.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.08 earnings per share. On average, analysts predict that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

Insider Activity

In other Palantir Technologies news, insider Ryan D. Taylor sold 98,177 shares of the firm’s stock in a transaction on Monday, March 31st. The shares were sold at an average price of $82.80, for a total transaction of $8,129,055.60. Following the completion of the transaction, the insider now directly owns 403,171 shares of the company’s stock, valued at $33,382,558.80. This trade represents a 19.58% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Stephen Andrew Cohen sold 310,000 shares of the business’s stock in a transaction on Monday, March 17th. The shares were sold at an average price of $87.07, for a total transaction of $26,991,700.00. Following the sale, the insider now owns 592 shares of the company’s stock, valued at approximately $51,545.44. The trade was a 99.81% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,661,925 shares of company stock worth $268,580,958 over the last ninety days. 9.23% of the stock is currently owned by insiders.

Palantir Technologies Company 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.