Fidelis Capital Partners LLC Purchases New Position in Palantir Technologies Inc. (NYSE:PLTR)

Fidelis Capital Partners LLC purchased a new stake in Palantir Technologies Inc. (NYSE:PLTRFree Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 1,837 shares of the company’s stock, valued at approximately $42,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of PLTR. West Paces Advisors Inc. raised its holdings in shares of Palantir Technologies by 110.7% in the first quarter. West Paces Advisors Inc. now owns 1,180 shares of the company’s stock valued at $27,000 after buying an additional 620 shares during the last quarter. Massmutual Trust Co. FSB ADV raised its holdings in shares of Palantir Technologies by 105.3% in the first quarter. Massmutual Trust Co. FSB ADV now owns 1,347 shares of the company’s stock valued at $31,000 after buying an additional 691 shares during the last quarter. Bogart Wealth LLC raised its holdings in shares of Palantir Technologies by 332.8% in the first quarter. Bogart Wealth LLC now owns 1,385 shares of the company’s stock valued at $32,000 after buying an additional 1,065 shares during the last quarter. Halpern Financial Inc. raised its holdings in shares of Palantir Technologies by 44.0% in the first quarter. Halpern Financial Inc. now owns 1,440 shares of the company’s stock valued at $33,000 after buying an additional 440 shares during the last quarter. Finally, Pacifica Partners Inc. purchased a new stake in shares of Palantir Technologies in the fourth quarter valued at about $27,000. 45.65% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Peter Thiel sold 6,285,833 shares of the stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $21.33, for a total value of $134,076,817.89. Following the sale, the director now directly owns 64,520,599 shares in the company, valued at $1,376,224,376.67. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Peter Thiel sold 6,285,833 shares of the firm’s stock in a transaction that occurred 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 sale, the director now owns 64,520,599 shares in the company, valued at $1,376,224,376.67. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Alexander D. Moore sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The stock was 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 approximately $35,133,328.38. 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 ninety days. 12.93% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. HSBC upped their target price on shares of Palantir Technologies from $22.00 to $23.00 and gave the company a “hold” rating in a report on Tuesday, May 7th. Citigroup increased their price target on shares of Palantir Technologies from $23.00 to $25.00 and gave the stock a “neutral” rating in a report on Tuesday, May 7th. William Blair reissued an “underperform” rating on shares of Palantir Technologies in a report on Tuesday, May 7th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Palantir Technologies from $18.00 to $20.00 and gave the stock a “sell” rating in a report on Tuesday, May 7th. Finally, Monness Crespi & Hardt cut shares of Palantir Technologies from a “neutral” rating to a “sell” rating and set a $20.00 price target for the company. in a report on Friday, June 21st. 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. According to MarketBeat, Palantir Technologies currently has a consensus rating of “Hold” and an average price target of $21.25.

Get Our Latest Report on Palantir Technologies

Palantir Technologies Trading Down 1.1 %

Shares of PLTR opened at $27.40 on Wednesday. The firm’s 50-day moving average is $23.28 and its two-hundred day moving average is $21.97. The firm has a market capitalization of $61.02 billion, a P/E ratio of 228.35, a PEG ratio of 6.40 and a beta of 2.71. Palantir Technologies Inc. has a twelve month low of $13.68 and a twelve month high of $28.38.

Palantir Technologies (NYSE:PLTRGet Free Report) last released its quarterly earnings results on Monday, May 6th. The company reported $0.04 EPS for the quarter, meeting the consensus estimate of $0.04. The business had revenue of $634.34 million for the quarter, compared to analyst estimates of $614.88 million. Palantir Technologies had a net margin of 12.79% and a return on equity of 8.28%. Analysts predict that Palantir Technologies Inc. will post 0.16 EPS for the current year.

About Palantir Technologies

(Free Report)

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.

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Institutional Ownership by Quarter for Palantir Technologies (NYSE:PLTR)

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