Paragon Advisors LLC Buys Shares of 24,748 Palantir Technologies Inc. (NASDAQ:PLTR)

Paragon Advisors LLC bought a new stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) during the 1st quarter, HoldingsChannel.com reports. The firm bought 24,748 shares of the company’s stock, valued at approximately $2,089,000.

Several other large investors also recently added to or reduced their stakes in the company. Roxbury Financial LLC acquired a new position in shares of Palantir Technologies in the fourth quarter worth $27,000. HighMark Wealth Management LLC increased its stake in shares of Palantir Technologies by 73.5% in the fourth quarter. HighMark Wealth Management LLC now owns 392 shares of the company’s stock worth $30,000 after acquiring an additional 166 shares during the last quarter. Sierra Ocean LLC acquired a new position in shares of Palantir Technologies in the fourth quarter worth $31,000. First Command Advisory Services Inc. acquired a new position in shares of Palantir Technologies in the fourth quarter worth $34,000. Finally, Summit Securities Group LLC acquired a new position in shares of Palantir Technologies in the fourth quarter worth $34,000. 45.65% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. Mizuho upped their price target on shares of Palantir Technologies from $80.00 to $94.00 and gave the stock an “underperform” rating in a research note on Tuesday, May 6th. Deutsche Bank Aktiengesellschaft reaffirmed a “sell” rating on shares of Palantir Technologies in a research note on Tuesday, May 6th. Morgan Stanley upped their price target on shares of Palantir Technologies from $90.00 to $98.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 6th. Daiwa Capital Markets assumed coverage on shares of Palantir Technologies in a research note on Tuesday, April 1st. They issued a “neutral” rating and a $90.00 price target on the stock. Finally, Citigroup upped 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. Five equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $83.95.

Palantir Technologies Price Performance

PLTR stock opened at $132.06 on Tuesday. Palantir Technologies Inc. has a 52-week low of $21.23 and a 52-week high of $135.28. The company has a 50-day moving average of $110.90 and a two-hundred day moving average of $93.06. The stock has a market capitalization of $311.65 billion, a price-to-earnings ratio of 695.09, a price-to-earnings-growth ratio of 10.84 and a beta of 2.64.

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

Insider Buying and Selling at Palantir Technologies

In related news, insider Ryan D. Taylor sold 3,936 shares of the stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $125.97, for a total value of $495,817.92. Following the completion of the sale, the insider now owns 363,755 shares in the company, valued at approximately $45,822,217.35. This trade represents a 1.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Stephen Andrew Cohen sold 1,250,000 shares of the stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $85.30, for a total transaction of $106,625,000.00. Following the completion of the sale, the insider now owns 592 shares of the company’s stock, valued at approximately $50,497.60. The trade was a 99.95% decrease in their position. The disclosure for this sale can be found here. Insiders sold 3,894,925 shares of company stock worth $369,820,528 over the last ninety days. Company insiders own 9.23% of the company’s stock.

About Palantir Technologies

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.