U.S. Capital Wealth Advisors LLC Increases Holdings in Palantir Technologies Inc. (NYSE:PLTR)

U.S. Capital Wealth Advisors LLC boosted its stake in shares of Palantir Technologies Inc. (NYSE:PLTR) by 91.4% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 167,494 shares of the company’s stock after purchasing an additional 79,963 shares during the quarter. U.S. Capital Wealth Advisors LLC’s holdings in Palantir Technologies were worth $4,243,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Apella Capital LLC lifted its position in Palantir Technologies by 3.7% in the second quarter. Apella Capital LLC now owns 11,791 shares of the company’s stock valued at $323,000 after buying an additional 416 shares during the last quarter. Valeo Financial Advisors LLC lifted its holdings in shares of Palantir Technologies by 1.2% in the 2nd quarter. Valeo Financial Advisors LLC now owns 36,177 shares of the company’s stock worth $916,000 after acquiring an additional 416 shares during the last quarter. Halpern Financial Inc. lifted its holdings in shares of Palantir Technologies by 44.0% in the 1st quarter. Halpern Financial Inc. now owns 1,440 shares of the company’s stock worth $33,000 after acquiring an additional 440 shares during the last quarter. Harbor Investment Advisory LLC boosted its position in shares of Palantir Technologies by 16.9% during the 1st quarter. Harbor Investment Advisory LLC now owns 3,208 shares of the company’s stock worth $74,000 after purchasing an additional 463 shares during the period. Finally, Principle Wealth Partners LLC raised its position in Palantir Technologies by 4.8% in the first quarter. Principle Wealth Partners LLC now owns 10,481 shares of the company’s stock valued at $241,000 after purchasing an additional 481 shares during the period. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Palantir Technologies

In related news, insider David A. Glazer sold 90,000 shares of the business’s stock in a transaction on Thursday, July 18th. The shares were sold at an average price of $29.36, for a total value of $2,642,400.00. Following the completion of the sale, the insider now directly owns 298,012 shares of the company’s stock, valued at $8,749,632.32. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other Palantir Technologies news, insider David A. Glazer sold 90,000 shares of the business’s stock in a transaction that occurred on Thursday, July 18th. The stock was sold at an average price of $29.36, for a total value of $2,642,400.00. Following the completion of the sale, the insider now owns 298,012 shares in the company, valued at $8,749,632.32. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Lauren Elaina Friedman Stat sold 3,050 shares of the stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $26.43, for a total value of $80,611.50. Following the completion of the sale, the director now directly owns 65,989 shares of the company’s stock, valued at $1,744,089.27. The disclosure for this sale can be found here. Insiders have sold 164,396 shares of company stock valued at $4,389,707 in the last ninety days. Insiders own 12.93% of the company’s stock.

Palantir Technologies Stock Performance

Shares of NYSE:PLTR traded up $0.73 on Friday, hitting $30.01. 87,412,515 shares of the company’s stock were exchanged, compared to its average volume of 55,649,379. Palantir Technologies Inc. has a 1-year low of $13.68 and a 1-year high of $30.36. The company has a market capitalization of $66.83 billion, a PE ratio of 249.75, a P/E/G ratio of 6.02 and a beta of 2.71. The firm’s 50-day moving average is $25.80 and its 200 day moving average is $23.52.

Palantir Technologies (NYSE:PLTR) last announced its quarterly earnings results on Monday, August 5th. The company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.08 by $0.01. The company had revenue of $678.13 million for the quarter, compared to analyst estimates of $653.23 million. Palantir Technologies had a net margin of 12.79% and a return on equity of 8.28%. The firm’s revenue was up 27.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.01 earnings per share. On average, analysts anticipate that Palantir Technologies Inc. will post 0.16 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently commented on PLTR. Mizuho lowered Palantir Technologies from a “neutral” rating to an “underperform” rating and raised their price target for the stock from $21.00 to $22.00 in a research report on Tuesday, July 16th. William Blair reaffirmed an “underperform” rating on shares of Palantir Technologies in a research report on Tuesday, May 7th. Citigroup increased their price target on shares of Palantir Technologies from $25.00 to $28.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 30th. Argus initiated coverage on shares of Palantir Technologies in a report on Monday, June 17th. They issued a “buy” rating and a $29.00 price objective for the company. Finally, Deutsche Bank Aktiengesellschaft increased their target price on shares of Palantir Technologies from $20.00 to $21.00 and gave the stock a “sell” rating in a report on Tuesday. Six research analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $23.14.

Palantir Technologies 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.