American Capital Advisory LLC Buys 474 Shares of Palantir Technologies Inc. $PLTR

American Capital Advisory LLC grew its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 109.7% in the second quarter, HoldingsChannel.com reports. The firm owned 906 shares of the company’s stock after purchasing an additional 474 shares during the period. American Capital Advisory LLC’s holdings in Palantir Technologies were worth $124,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in PLTR. Mechanics Financial Corp bought a new stake in Palantir Technologies during the 1st quarter worth approximately $25,000. Signature Resources Capital Management LLC bought a new stake in Palantir Technologies during the 2nd quarter worth approximately $25,000. Wealth Preservation Advisors LLC bought a new stake in Palantir Technologies during the 1st quarter worth approximately $27,000. 1248 Management LLC bought a new stake in Palantir Technologies during the 1st quarter worth approximately $27,000. Finally, Briaud Financial Planning Inc bought a new stake in Palantir Technologies during the 2nd quarter worth approximately $27,000. 45.65% of the stock is owned by institutional investors.

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, insider Stephen Andrew Cohen sold 191,720 shares of the stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $151.37, for a total transaction of $29,020,656.40. Following the completion of the transaction, the insider directly owned 592 shares of the company’s stock, valued at approximately $89,611.04. This represents a 99.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider David A. Glazer sold 81,000 shares of the stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $154.47, for a total value of $12,512,070.00. Following the transaction, the insider directly owned 431,169 shares of the company’s stock, valued at approximately $66,602,675.43. This trade represents a 15.82% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 1,527,750 shares of company stock valued at $234,463,896 in the last quarter. Insiders own 12.93% of the company’s stock.

Palantir Technologies Trading Up 3.3%

Shares of NASDAQ PLTR opened at $207.18 on Tuesday. The stock has a fifty day simple moving average of $175.75 and a two-hundred day simple moving average of $151.99. Palantir Technologies Inc. has a 1-year low of $41.03 and a 1-year high of $207.52. The firm has a market cap of $491.50 billion, a price-to-earnings ratio of 690.62, a price-to-earnings-growth ratio of 10.87 and a beta of 2.63.

Palantir Technologies (NASDAQ:PLTR) last announced its quarterly earnings data on Monday, August 4th. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.02. Palantir Technologies had a return on equity of 10.75% and a net margin of 22.18%.The business had revenue of $1 billion during the quarter, compared to analyst estimates of $939.29 million. During the same period in the prior year, the company earned $0.09 earnings per share. Palantir Technologies’s revenue was up 48.0% compared to the same quarter last year. Analysts forecast that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Analysts Set New Price Targets

PLTR has been the topic of a number of research analyst reports. Weiss Ratings restated a “buy (b-)” rating on shares of Palantir Technologies in a research note on Wednesday, October 8th. Loop Capital boosted their target price on Palantir Technologies from $178.00 to $180.00 and gave the stock a “buy” rating in a research note on Tuesday, August 5th. DA Davidson set a $170.00 target price on Palantir Technologies and gave the stock a “neutral” rating in a research note on Tuesday, August 5th. Cantor Fitzgerald boosted their target price on Palantir Technologies from $110.00 to $155.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 5th. Finally, Bank of America boosted their target price on Palantir Technologies from $180.00 to $215.00 and gave the stock a “buy” rating in a research note on Tuesday, September 23rd. Five equities research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $142.00.

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.