Sivia Capital Partners LLC Purchases 4,379 Shares of Palantir Technologies Inc. (NYSE:PLTR)

Sivia Capital Partners LLC boosted its holdings in shares of Palantir Technologies Inc. (NYSE:PLTR) by 11.0% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 44,327 shares of the company’s stock after buying an additional 4,379 shares during the period. Palantir Technologies makes up about 0.7% of Sivia Capital Partners LLC’s holdings, making the stock its 24th largest holding. Sivia Capital Partners LLC’s holdings in Palantir Technologies were worth $1,020,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in PLTR. Pursue Wealth Partners LLC purchased a new position in shares of Palantir Technologies during the 4th quarter valued at about $1,741,000. Vanguard Group Inc. lifted its holdings in shares of Palantir Technologies by 3.5% in the 4th quarter. Vanguard Group Inc. now owns 193,805,263 shares of the company’s stock worth $3,327,636,000 after acquiring an additional 6,466,596 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its stake in shares of Palantir Technologies by 10.8% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 1,196,790 shares of the company’s stock valued at $20,549,000 after purchasing an additional 116,220 shares in the last quarter. Udine Wealth Management Inc. bought a new position in shares of Palantir Technologies during the 4th quarter valued at $1,612,000. Finally, Panagora Asset Management Inc. raised its position in Palantir Technologies by 185.6% in the 4th quarter. Panagora Asset Management Inc. now owns 76,695 shares of the company’s stock worth $1,317,000 after purchasing an additional 49,839 shares during the period. 45.65% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have issued reports on PLTR. William Blair restated an “underperform” rating on shares of Palantir Technologies in a research report on Tuesday, May 7th. Royal Bank of Canada raised their price target on Palantir Technologies from $5.00 to $9.00 and gave the stock an “underperform” rating in a research report on Tuesday, May 7th. Wedbush reiterated an “outperform” rating and issued a $35.00 price objective on shares of Palantir Technologies in a research report on Monday, May 6th. Argus assumed coverage on shares of Palantir Technologies in a report on Monday, June 17th. They issued a “buy” rating and a $29.00 target price on the stock. Finally, Mizuho upped their target price on Palantir Technologies from $18.00 to $21.00 and gave the company a “neutral” rating in a report on Thursday, March 7th. Six research analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Palantir Technologies has an average rating of “Hold” and an average target price of $21.25.

Insider Activity

In other news, Director Peter Thiel sold 6,285,833 shares of the company’s stock in a transaction 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 completion of the sale, the director now directly owns 64,520,599 shares in the company, valued at approximately $1,376,224,376.67. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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 shares were sold at an average price of $21.33, for a total value of $134,076,817.89. Following the completion of the transaction, the director now directly owns 64,520,599 shares in the company, valued at $1,376,224,376.67. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Alexander D. Moore sold 20,000 shares of the firm’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $22.02, for a total transaction of $440,400.00. Following the sale, the director now owns 1,595,519 shares in the company, valued at $35,133,328.38. The disclosure for this sale can be found here. Insiders sold 11,372,153 shares of company stock valued at $239,941,245 in the last quarter. 12.93% of the stock is currently owned by insiders.

Palantir Technologies Trading Up 0.7 %

PLTR stock traded up $0.18 on Wednesday, hitting $26.01. The company had a trading volume of 12,191,777 shares, compared to its average volume of 56,054,211. Palantir Technologies Inc. has a 12-month low of $13.68 and a 12-month high of $27.50. The stock has a market cap of $57.92 billion, a price-to-earnings ratio of 218.52, a P/E/G ratio of 5.85 and a beta of 2.71. The stock’s 50-day simple moving average is $22.81 and its 200 day simple moving average is $21.65.

Palantir Technologies (NYSE:PLTR) last issued 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 company had revenue of $634.34 million during the quarter, compared to analyst estimates of $614.88 million. Research analysts forecast that Palantir Technologies Inc. will post 0.16 earnings per share for the current 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.