OneAscent Investment Solutions LLC Takes $335,000 Position in Palantir Technologies Inc. (NASDAQ:PLTR)

OneAscent Investment Solutions LLC purchased a new stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 3,965 shares of the company’s stock, valued at approximately $335,000.

Several other hedge funds also recently modified their holdings of the company. Sienna Gestion acquired a new position in shares of Palantir Technologies during the 1st quarter valued at $390,000. E Fund Management Co. Ltd. grew its holdings in shares of Palantir Technologies by 88.1% in the 1st quarter. E Fund Management Co. Ltd. now owns 128,185 shares of the company’s stock worth $10,819,000 after acquiring an additional 60,052 shares during the last quarter. Financial Network Wealth Advisors LLC grew its holdings in shares of Palantir Technologies by 281.1% in the 1st quarter. Financial Network Wealth Advisors LLC now owns 484 shares of the company’s stock worth $41,000 after acquiring an additional 357 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. grew its holdings in shares of Palantir Technologies by 6.4% in the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 64,979 shares of the company’s stock worth $5,484,000 after acquiring an additional 3,920 shares during the last quarter. Finally, NFP Retirement Inc. grew its holdings in shares of Palantir Technologies by 10.4% in the 1st quarter. NFP Retirement Inc. now owns 4,169 shares of the company’s stock worth $352,000 after acquiring an additional 394 shares during the last quarter. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Palantir Technologies news, Director Eric H. Woersching sold 10,214 shares of the business’s stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $130.95, for a total value of $1,337,523.30. Following the completion of the sale, the director owned 2,348 shares of the company’s stock, valued at $307,470.60. The trade was a 81.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Ryan D. Taylor sold 30,000 shares of the business’s stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $175.00, for a total value of $5,250,000.00. Following the completion of the sale, the insider directly owned 363,755 shares of the company’s stock, valued at $63,657,125. This represents a 7.62% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,515,632 shares of company stock valued at $196,472,623. 9.23% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on PLTR shares. Loop Capital lifted their target price on Palantir Technologies from $178.00 to $180.00 and gave the stock a “buy” rating in a report on Tuesday, August 5th. UBS Group restated a “neutral” rating and issued a $165.00 target price (up from $110.00) on shares of Palantir Technologies in a report on Tuesday, August 5th. Piper Sandler set a $182.00 target price on Palantir Technologies in a report on Tuesday, August 5th. DA Davidson set a $170.00 target price on Palantir Technologies and gave the stock a “neutral” rating in a report on Tuesday, August 5th. Finally, Wall Street Zen raised Palantir Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, August 9th. Two research analysts have rated the stock with a sell rating, seventeen have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Palantir Technologies currently has a consensus rating of “Hold” and a consensus target price of $136.61.

Palantir Technologies Trading Down 1.4%

PLTR opened at $184.37 on Thursday. The stock has a market cap of $435.10 billion, a price-to-earnings ratio of 614.59, a PEG ratio of 10.54 and a beta of 2.60. Palantir Technologies Inc. has a 1 year low of $29.31 and a 1 year high of $190.00. The stock has a fifty day moving average price of $148.82 and a 200 day moving average price of $117.81.

Palantir Technologies (NASDAQ:PLTR) last released its quarterly earnings data on Monday, August 4th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.02. Palantir Technologies had a return on equity of 10.75% and a net margin of 22.18%. The firm had revenue of $1 billion during the quarter, compared to analysts’ expectations of $939.29 million. During the same quarter last year, the firm earned $0.09 earnings per share. The business’s revenue for the quarter was up 48.0% on a year-over-year basis. As a group, sell-side analysts forecast that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

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.