Sequoia Financial Advisors LLC Buys 3,080 Shares of Palantir Technologies Inc. (NASDAQ:PLTR)

Sequoia Financial Advisors LLC lifted its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 1.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 284,808 shares of the company’s stock after acquiring an additional 3,080 shares during the period. Sequoia Financial Advisors LLC’s holdings in Palantir Technologies were worth $24,038,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. First Command Advisory Services Inc. bought a new position in shares of Palantir Technologies in the 4th quarter worth $34,000. Summit Securities Group LLC bought a new position in shares of Palantir Technologies in the 4th quarter worth $34,000. Fairfield Financial Advisors LTD bought a new position in shares of Palantir Technologies in the 4th quarter worth $35,000. Godsey & Gibb Inc. raised its position in shares of Palantir Technologies by 740.0% in the 1st quarter. Godsey & Gibb Inc. now owns 420 shares of the company’s stock worth $35,000 after acquiring an additional 370 shares in the last quarter. Finally, Runnymede Capital Advisors Inc. bought a new position in shares of Palantir Technologies in the 4th quarter worth $36,000. 45.65% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Royal Bank Of Canada reaffirmed an “underperform” rating on shares of Palantir Technologies in a research report on Tuesday, May 6th. UBS Group reaffirmed a “positive” rating on shares of Palantir Technologies in a research report on Wednesday. Wedbush set a $140.00 target price on Palantir Technologies and gave the company an “outperform” rating in a research report on Tuesday, May 6th. DA Davidson upped their target price on Palantir Technologies from $100.00 to $115.00 and gave the company a “neutral” rating in a research report on Tuesday, May 6th. Finally, Citigroup upped their target price on Palantir Technologies from $110.00 to $115.00 and gave the company a “neutral” rating in a research report on Thursday, May 8th. Five equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $89.32.

Palantir Technologies Stock Down 0.2%

Shares of PLTR opened at $142.90 on Thursday. Palantir Technologies Inc. has a 52 week low of $21.23 and a 52 week high of $147.67. The company has a market capitalization of $337.23 billion, a price-to-earnings ratio of 621.30, a PEG ratio of 12.23 and a beta of 2.64. The stock’s 50-day moving average price is $123.49 and its 200-day moving average price is $98.53.

Palantir Technologies (NASDAQ:PLTR) last issued its earnings results on Monday, May 5th. The company reported $0.13 EPS for the quarter, hitting analysts’ consensus estimates of $0.13. Palantir Technologies had a return on equity of 6.55% and a net margin of 18.32%. The firm had revenue of $883.86 million for the quarter, compared to the consensus estimate of $863.89 million. During the same quarter in the prior year, the business earned $0.08 earnings per share. The company’s revenue was up 39.4% compared to the same quarter last year. As a group, equities analysts anticipate that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Insider Transactions at Palantir Technologies

In other Palantir Technologies news, insider Shyam Sankar sold 405,000 shares of the stock in a transaction that occurred on Tuesday, June 10th. The stock was sold at an average price of $132.08, for a total transaction of $53,492,400.00. Following the transaction, the insider now owns 702,786 shares in the company, valued at approximately $92,823,974.88. This represents a 36.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Ryan D. Taylor sold 98,177 shares of the stock in a transaction that occurred on Monday, March 31st. The stock was sold at an average price of $82.80, for a total value of $8,129,055.60. Following the transaction, the insider now owns 403,171 shares in the company, valued at $33,382,558.80. This represents a 19.58% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,506,925 shares of company stock worth $188,456,658 over the last quarter. 9.23% of the stock is currently owned by insiders.

Palantir Technologies 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.