RPG Investment Advisory LLC raised its stake in shares of Palantir Technologies Inc. (NYSE:PLTR – Free Report) by 37.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 431,412 shares of the company’s stock after purchasing an additional 116,601 shares during the period. Palantir Technologies accounts for 1.6% of RPG Investment Advisory LLC’s holdings, making the stock its 27th biggest position. RPG Investment Advisory LLC’s holdings in Palantir Technologies were worth $10,928,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also modified their holdings of the stock. Summit Securities Group LLC purchased a new stake in shares of Palantir Technologies during the second quarter worth approximately $25,000. Farmers & Merchants Investments Inc. purchased a new stake in shares of Palantir Technologies during the second quarter worth $25,000. First United Bank & Trust acquired a new stake in shares of Palantir Technologies in the fourth quarter valued at about $26,000. West Paces Advisors Inc. raised its position 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. Finally, Massmutual Trust Co. FSB ADV lifted its stake 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 worth $31,000 after buying an additional 691 shares in the last quarter. Institutional investors and hedge funds own 45.65% of the company’s stock.
Insider Transactions at Palantir Technologies
In related news, Director Alexander D. Moore sold 20,000 shares of the business’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $30.89, for a total value of $617,800.00. Following the sale, the director now owns 1,510,630 shares in the company, valued at approximately $46,663,360.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Palantir Technologies news, Director Eric H. Woersching sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $24.24, for a total value of $72,720.00. Following the completion of the transaction, the director now owns 35,843 shares of the company’s stock, valued at approximately $868,834.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Alexander D. Moore sold 20,000 shares of the business’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $30.89, for a total transaction of $617,800.00. Following the completion of the transaction, the director now owns 1,510,630 shares of the company’s stock, valued at approximately $46,663,360.70. The disclosure for this sale can be found here. Insiders sold a total of 701,649 shares of company stock worth $21,526,716 over the last ninety days. Company insiders own 12.93% of the company’s stock.
Analyst Upgrades and Downgrades
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Palantir Technologies Price Performance
NYSE PLTR opened at $34.59 on Tuesday. The stock has a market capitalization of $77.03 billion, a P/E ratio of 288.25, a PEG ratio of 5.35 and a beta of 2.72. The firm’s 50-day moving average is $28.98 and its two-hundred day moving average is $25.19. Palantir Technologies Inc. has a 12 month low of $13.68 and a 12 month high of $34.70.
Palantir Technologies (NYSE:PLTR – Get Free Report) last issued its quarterly earnings data on Monday, August 5th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.01). Palantir Technologies had a return on equity of 8.88% and a net margin of 16.32%. The company had revenue of $678.13 million during the quarter, compared to analyst estimates of $653.23 million. During the same quarter in the prior year, the company posted $0.01 earnings per share. The business’s revenue was up 27.2% compared to the same quarter last year. As a group, analysts anticipate that Palantir Technologies Inc. will post 0.19 EPS for the current year.
About Palantir Technologies
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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