Ieq Capital LLC grew its stake in shares of Palantir Technologies Inc. (NYSE:PLTR – Free Report) by 13.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 84,911 shares of the company’s stock after acquiring an additional 9,993 shares during the period. Ieq Capital LLC’s holdings in Palantir Technologies were worth $717,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. Close Asset Management Ltd acquired a new position in shares of Palantir Technologies in the 1st quarter valued at about $28,000. Resurgent Financial Advisors LLC acquired a new position in Palantir Technologies during the 4th quarter valued at about $28,000. Romano Brothers AND Company acquired a new position in Palantir Technologies during the 4th quarter valued at about $39,000. Antonetti Capital Management LLC boosted its stake in Palantir Technologies by 179.4% during the 1st quarter. Antonetti Capital Management LLC now owns 4,750 shares of the company’s stock valued at $40,000 after purchasing an additional 3,050 shares during the period. Finally, Allworth Financial LP boosted its stake in Palantir Technologies by 54.2% during the 4th quarter. Allworth Financial LP now owns 7,381 shares of the company’s stock valued at $47,000 after purchasing an additional 2,594 shares during the period. 31.57% of the stock is owned by institutional investors and hedge funds.
Palantir Technologies Stock Performance
PLTR stock opened at $16.43 on Monday. Palantir Technologies Inc. has a 52-week low of $5.84 and a 52-week high of $19.00. The company’s 50 day simple moving average is $14.80 and its 200-day simple moving average is $10.41.
Insiders Place Their Bets
In other Palantir Technologies news, Director Alexander D. Moore sold 37,076 shares of the business’s stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $15.38, for a total value of $570,228.88. Following the completion of the sale, the director now directly owns 1,808,819 shares of the company’s stock, valued at $27,819,636.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Alexander D. Moore sold 37,076 shares of the business’s stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $15.38, for a total value of $570,228.88. Following the completion of the sale, the director now directly owns 1,808,819 shares in the company, valued at $27,819,636.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Alexander D. Moore sold 21,900 shares of the business’s stock in a transaction on Monday, May 1st. The stock was sold at an average price of $7.74, for a total transaction of $169,506.00. Following the completion of the sale, the director now owns 1,858,152 shares of the company’s stock, valued at $14,382,096.48. The disclosure for this sale can be found here. Insiders sold 1,959,599 shares of company stock valued at $27,683,472 over the last ninety days. Corporate insiders own 13.96% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of research analysts have issued reports on PLTR shares. William Blair reissued an “underperform” rating on shares of Palantir Technologies in a research note on Monday, March 27th. Raymond James downgraded shares of Palantir Technologies from a “strong-buy” rating to an “outperform” rating and boosted their price target for the stock from $15.00 to $18.00 in a research report on Tuesday, June 20th. Jefferies Financial Group boosted their price target on shares of Palantir Technologies from $10.00 to $14.00 in a research report on Monday, June 5th. Mizuho boosted their price target on shares of Palantir Technologies from $8.00 to $14.00 in a research report on Monday, July 17th. Finally, Bank of America boosted their price target on shares of Palantir Technologies from $13.00 to $18.00 and gave the stock a “buy” rating in a research report on Monday, June 12th. Five investment analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $10.04.
Palantir Technologies Profile
Palantir Technologies Inc builds and deploys software platforms for the intelligence community in the United States to assist in counterterrorism investigations and operations. 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.
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