Simon Quick Advisors LLC Has $1.27 Million Stake in Palantir Technologies Inc. (NASDAQ:PLTR)

Simon Quick Advisors LLC lifted its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 36.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,024 shares of the company’s stock after purchasing an additional 4,025 shares during the period. Simon Quick Advisors LLC’s holdings in Palantir Technologies were worth $1,268,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Capital Advisors Ltd. LLC increased its holdings in shares of Palantir Technologies by 11.4% in the first quarter. Capital Advisors Ltd. LLC now owns 2,381 shares of the company’s stock valued at $201,000 after purchasing an additional 243 shares in the last quarter. Murphy Middleton Hinkle & Parker Inc. increased its holdings in shares of Palantir Technologies by 5.8% in the first quarter. Murphy Middleton Hinkle & Parker Inc. now owns 3,905 shares of the company’s stock valued at $330,000 after purchasing an additional 215 shares in the last quarter. Capital Advisory Group Advisory Services LLC acquired a new stake in shares of Palantir Technologies in the first quarter valued at approximately $246,000. Focus Financial Network Inc. increased its holdings in shares of Palantir Technologies by 5.6% in the first quarter. Focus Financial Network Inc. now owns 9,289 shares of the company’s stock valued at $784,000 after purchasing an additional 496 shares in the last quarter. Finally, Northeast Investment Management boosted its stake in Palantir Technologies by 30.4% in the first quarter. Northeast Investment Management now owns 4,237 shares of the company’s stock valued at $358,000 after acquiring an additional 987 shares during the last quarter. Institutional investors and hedge funds own 45.65% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on PLTR shares. Deutsche Bank Aktiengesellschaft reaffirmed a “sell” rating on shares of Palantir Technologies in a research note on Tuesday, May 6th. The Goldman Sachs Group raised their price objective on shares of Palantir Technologies from $80.00 to $90.00 and gave the company a “neutral” rating in a research note on Tuesday, May 6th. Royal Bank of Canada reaffirmed an “underperform” rating on shares of Palantir Technologies in a research note on Tuesday, May 6th. Citigroup raised their price objective on shares of Palantir Technologies from $110.00 to $115.00 and gave the company a “neutral” rating in a research note on Thursday, May 8th. Finally, Daiwa America raised shares of Palantir Technologies to a “hold” rating in a research report on Tuesday, April 1st. Five investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and three 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 $86.30.

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, insider Alexander C. Karp sold 358,982 shares of Palantir Technologies stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of $126.39, for a total value of $45,371,734.98. Following the sale, the insider now directly owns 6,432,258 shares in the company, valued at approximately $812,973,088.62. The trade was a 5.29% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Stephen Andrew Cohen sold 310,000 shares of Palantir Technologies stock in a transaction on Monday, March 17th. The shares were sold at an average price of $87.07, for a total transaction of $26,991,700.00. Following the completion of the sale, the insider now owns 592 shares in the company, valued at $51,545.44. The trade was a 99.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,816,925 shares of company stock worth $215,448,358. Insiders own 9.23% of the company’s stock.

Palantir Technologies Stock Down 0.9%

Shares of NASDAQ:PLTR opened at $135.19 on Friday. Palantir Technologies Inc. has a 12 month low of $21.23 and a 12 month high of $140.00. The company’s fifty day simple moving average is $114.28 and its 200 day simple moving average is $94.12. The firm has a market cap of $319.04 billion, a price-to-earnings ratio of 711.56, a PEG ratio of 10.84 and a beta of 2.64.

Palantir Technologies (NASDAQ:PLTR) last issued its quarterly earnings results on Monday, May 5th. The company reported $0.13 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.13. Palantir Technologies had a net margin of 16.13% and a return on equity of 6.85%. The firm had revenue of $883.86 million for the quarter, compared to analyst estimates of $863.89 million. During the same period in the previous year, the business earned $0.08 EPS. The company’s revenue was up 39.4% compared to the same quarter last year. Research analysts expect 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.