Vantage Financial Partners LLC Increases Stock Holdings in Palantir Technologies Inc. (NYSE:PLTR)

Vantage Financial Partners LLC increased its holdings in shares of Palantir Technologies Inc. (NYSE:PLTR) by 4.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 59,129 shares of the company’s stock after buying an additional 2,405 shares during the quarter. Vantage Financial Partners LLC’s holdings in Palantir Technologies were worth $1,498,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Summit Securities Group LLC acquired a new stake in shares of Palantir Technologies during the 2nd quarter worth $25,000. Farmers & Merchants Investments Inc. acquired a new position in shares of Palantir Technologies during the second quarter worth $25,000. First United Bank & Trust purchased a new position in shares of Palantir Technologies in the fourth quarter valued at $26,000. West Paces Advisors Inc. grew its holdings in Palantir Technologies by 110.7% during the 1st quarter. West Paces Advisors Inc. now owns 1,180 shares of the company’s stock valued at $27,000 after purchasing an additional 620 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV increased its stake in Palantir Technologies by 105.3% during the 1st quarter. Massmutual Trust Co. FSB ADV now owns 1,347 shares of the company’s stock worth $31,000 after buying an additional 691 shares during the period. 45.65% of the stock is owned by institutional investors and hedge funds.

Palantir Technologies Trading Down 1.6 %

Shares of Palantir Technologies stock opened at $34.06 on Tuesday. Palantir Technologies Inc. has a 52 week low of $13.68 and a 52 week high of $35.00. The company’s 50-day moving average price is $28.98 and its two-hundred day moving average price is $25.19. The stock has a market cap of $75.85 billion, a PE ratio of 288.25, a price-to-earnings-growth ratio of 5.35 and a beta of 2.72.

Palantir Technologies (NYSE:PLTR) last posted its quarterly earnings results on Monday, August 5th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.01). The company had revenue of $678.13 million during the quarter, compared to the consensus estimate of $653.23 million. Palantir Technologies had a net margin of 16.32% and a return on equity of 8.88%. Palantir Technologies’s quarterly revenue was up 27.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.01 EPS. On average, equities analysts predict that Palantir Technologies Inc. will post 0.19 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have issued reports on PLTR shares. DA Davidson lifted their price objective on Palantir Technologies from $24.00 to $28.00 and gave the stock a “neutral” rating in a report on Tuesday, August 6th. Northland Securities initiated coverage on shares of Palantir Technologies in a report on Thursday, August 22nd. They set a “market perform” rating and a $35.00 price objective for the company. Northland Capmk raised shares of Palantir Technologies to a “hold” rating in a research report on Thursday, August 22nd. Deutsche Bank Aktiengesellschaft increased their price target on shares of Palantir Technologies from $20.00 to $21.00 and gave the stock a “sell” rating in a research report on Tuesday, August 6th. Finally, Wedbush restated an “outperform” rating and set a $38.00 price objective on shares of Palantir Technologies in a research note on Monday. Five investment analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, Palantir Technologies currently has an average rating of “Hold” and an average price target of $26.79.

Insiders Place Their Bets

In other news, insider David A. Glazer sold 90,000 shares of the firm’s stock in a transaction on Thursday, July 18th. The shares were sold at an average price of $29.36, for a total transaction of $2,642,400.00. Following the transaction, the insider now owns 298,012 shares in the company, valued at approximately $8,749,632.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider David A. Glazer sold 90,000 shares of Palantir Technologies stock in a transaction that occurred 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 transaction, the insider now owns 298,012 shares of the company’s stock, valued at $8,749,632.32. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Eric H. Woersching sold 3,000 shares of the company’s stock in a transaction dated Tuesday, June 18th. The shares were sold at an average price of $26.00, for a total transaction of $78,000.00. Following the sale, the director now owns 32,843 shares of the company’s stock, valued at $853,918. The disclosure for this sale can be found here. In the last three months, insiders have sold 701,649 shares of company stock worth $21,526,716. Corporate insiders own 12.93% of the company’s stock.

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.