10,530 Shares in Palantir Technologies Inc. (NYSE:PLTR) Bought by Courier Capital LLC

Courier Capital LLC purchased a new position in Palantir Technologies Inc. (NYSE:PLTR) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 10,530 shares of the company’s stock, valued at approximately $242,000.

Other large investors also recently bought and sold shares of the company. First United Bank & Trust bought a new stake in Palantir Technologies in the fourth quarter worth $26,000. Pacifica Partners Inc. bought a new position in Palantir Technologies during the fourth quarter valued at $27,000. West Paces Advisors Inc. increased its position in Palantir Technologies by 110.7% during the first quarter. West Paces Advisors Inc. now owns 1,180 shares of the company’s stock valued at $27,000 after acquiring an additional 620 shares during the last quarter. Massmutual Trust Co. FSB ADV increased its position in Palantir Technologies by 105.3% during the first quarter. Massmutual Trust Co. FSB ADV now owns 1,347 shares of the company’s stock valued at $31,000 after acquiring an additional 691 shares during the last quarter. Finally, GAMMA Investing LLC bought a new position in Palantir Technologies during the fourth quarter valued at $33,000. Institutional investors own 45.65% of the company’s stock.

Insiders Place Their Bets

In other Palantir Technologies news, Director Peter Thiel sold 6,285,833 shares of the company’s stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $21.33, for a total value of $134,076,817.89. Following the sale, the director now owns 64,520,599 shares in the company, valued at approximately $1,376,224,376.67. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, Director Peter Thiel sold 6,285,833 shares of Palantir Technologies stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $21.33, for a total value of $134,076,817.89. Following the sale, the director now owns 64,520,599 shares of the company’s stock, valued at approximately $1,376,224,376.67. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Heather A. Planishek sold 2,398 shares of Palantir Technologies stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $21.30, for a total transaction of $51,077.40. Following the completion of the sale, the insider now directly owns 639,696 shares in the company, valued at approximately $13,625,524.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 11,377,153 shares of company stock worth $240,054,945. Corporate insiders own 12.93% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Monness Crespi & Hardt cut shares of Palantir Technologies from a “neutral” rating to a “sell” rating and set a $20.00 price objective on the stock. in a research report on Friday, June 21st. HSBC upped their price objective on shares of Palantir Technologies from $22.00 to $23.00 and gave the company a “hold” rating in a report on Tuesday, May 7th. DA Davidson upped their price objective on shares of Palantir Technologies from $19.00 to $24.00 and gave the company a “neutral” rating in a report on Tuesday, May 7th. Bank of America upped their price objective on shares of Palantir Technologies from $24.00 to $28.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. Finally, Wedbush restated an “outperform” rating and set a $35.00 price objective on shares of Palantir Technologies in a report on Monday, May 6th. Six investment analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $21.25.

Palantir Technologies Trading Up 0.4 %

Palantir Technologies stock traded up $0.11 during mid-day trading on Friday, hitting $25.33. The company had a trading volume of 38,490,160 shares, compared to its average volume of 56,791,691. Palantir Technologies Inc. has a 12-month low of $13.68 and a 12-month high of $27.50. The company’s fifty day moving average is $22.53 and its 200-day moving average is $21.43. The company has a market capitalization of $56.41 billion, a price-to-earnings ratio of 212.77, a P/E/G ratio of 5.56 and a beta of 2.70.

Palantir Technologies (NYSE:PLTR) last released its quarterly earnings data on Monday, May 6th. The company reported $0.04 EPS for the quarter, hitting the consensus estimate of $0.04. Palantir Technologies had a return on equity of 8.28% and a net margin of 12.79%. The business had revenue of $634.34 million for the quarter, compared to analyst estimates of $614.88 million. As a group, sell-side analysts expect that Palantir Technologies Inc. will post 0.16 EPS for the current fiscal year.

Palantir Technologies Company Profile

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.