Palantir Technologies Inc. (NASDAQ:PLTR) Shares Bought by Old North State Wealth Management LLC

Old North State Wealth Management LLC boosted its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 4.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,990 shares of the company’s stock after buying an additional 130 shares during the quarter. Old North State Wealth Management LLC’s holdings in Palantir Technologies were worth $252,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Godsey & Gibb Inc. grew its position in Palantir Technologies by 740.0% during the first quarter. Godsey & Gibb Inc. now owns 420 shares of the company’s stock worth $35,000 after buying an additional 370 shares during the period. First Command Advisory Services Inc. acquired a new stake in shares of Palantir Technologies in the fourth quarter valued at approximately $34,000. Summit Securities Group LLC acquired a new stake in shares of Palantir Technologies in the fourth quarter valued at approximately $34,000. Fairfield Financial Advisors LTD acquired a new stake in shares of Palantir Technologies in the fourth quarter valued at approximately $35,000. Finally, Runnymede Capital Advisors Inc. acquired a new stake in shares of Palantir Technologies in the fourth quarter valued at approximately $36,000. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Palantir Technologies Trading Up 0.9%

Shares of PLTR stock opened at $144.25 on Friday. The company’s fifty day simple moving average is $124.50 and its 200-day simple moving average is $99.02. The company has a market cap of $340.42 billion, a PE ratio of 627.17, a P/E/G ratio of 12.20 and a beta of 2.64. Palantir Technologies Inc. has a 52 week low of $21.23 and a 52 week high of $148.22.

Palantir Technologies (NASDAQ:PLTR) last released its quarterly earnings results on Monday, May 5th. The company reported $0.13 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.13. The business had revenue of $883.86 million during the quarter, compared to analyst estimates of $863.89 million. Palantir Technologies had a net margin of 18.32% and a return on equity of 6.55%. The business’s revenue was up 39.4% on a year-over-year basis. During the same period last year, the business earned $0.08 EPS. Equities research analysts expect that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Insiders Place Their Bets

In other Palantir Technologies news, Director Eric H. Woersching sold 17,000 shares of the firm’s stock in a transaction on Monday, June 9th. The shares were sold at an average price of $129.29, for a total transaction of $2,197,930.00. Following the completion of the transaction, the director now directly owns 12,562 shares of the company’s stock, valued at $1,624,140.98. This trade represents a 57.51% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Lauren Elaina Friedman Stat sold 800 shares of the firm’s stock in a transaction dated Thursday, April 3rd. The stock was sold at an average price of $81.25, for a total transaction of $65,000.00. Following the completion of the transaction, the director now owns 61,339 shares in the company, valued at approximately $4,983,793.75. The trade was a 1.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,506,925 shares of company stock valued at $188,456,658 in the last ninety days. Corporate insiders own 9.23% of the company’s stock.

Analysts Set New Price Targets

PLTR has been the topic of several research reports. UBS Group reiterated a “positive” rating on shares of Palantir Technologies in a research report on Wednesday. Morgan Stanley raised their target price on shares of Palantir Technologies from $90.00 to $98.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 6th. Daiwa America upgraded shares of Palantir Technologies to a “hold” rating in a research report on Tuesday, April 1st. Royal Bank Of Canada restated an “underperform” rating on shares of Palantir Technologies 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 note on Thursday, May 8th. Five equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Palantir Technologies has an average rating of “Hold” and an average price target of $89.32.

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.