Meeder Advisory Services Inc. acquires 12,043 shares of Palantir Technologies Inc. (NYSE:PLTR)

Meeder Advisory Services Inc. increased its holdings in Palantir Technologies Inc. (NYSE:PLTR – Free Report) by 60.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 31,981 shares of the company’s stock after acquiring an additional 12,043 shares during the period. The holdings of Meeder Advisory Services Inc. in Palantir Technologies were worth $810,000 at the end of the most recent quarter.

A number of other institutional investors have recently modified their holdings of the company. Summit Securities Group LLC purchased a new stake in shares of Palantir Technologies in the second quarter valued at about $25,000. Farmers & Merchants Investments Inc. purchased a new position in Palantir Technologies in the second quarter valued at about $25,000. West Paces Advisors Inc. boosted its holdings in shares of Palantir Technologies by 110.7% in the first quarter. West Paces Advisors Inc. now owns 1,180 shares of the company’s stock valued at $27,000 after acquiring an additional 620 shares during the last quarter. Massmutual Trust Co. FSB ADV grew its position in shares of Palantir Technologies by 105.3% in the first 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 last quarter. Finally, Bogart Wealth LLC raised its stake in Palantir Technologies by 332.8% in the first quarter. Bogart Wealth LLC now owns 1,385 shares of the company’s stock valued at $32,000 after buying an additional 1,065 shares in the last quarter. 45.65% of the shares are currently held by hedge funds and other institutional investors.

Insiders place their bets

In other news, insider Ryan D. Taylor sold 155,539 shares of the stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $35.02, for a total transaction of $5,446,975.78. Following the transaction, the insider now directly owns 331,369 shares of the company’s stock, valued at approximately $11,604,542.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available via this link. In other news, insider Ryan D. Taylor sold 155,539 shares of the company’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $35.02, for a total transaction of $5,446,975.78. Following the completion of the sale, the insider now owns 331,369 shares of the company’s stock, valued at approximately $11,604,542.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available on the SEC’s website. Also, insider Heather A. Planishek sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $33.74, for a total transaction of $674,800.00. Following the completion of the transaction, the insider now directly owns 576,023 shares in the company, valued at approximately $19,435,016.02. The disclosure for this sale can be found here. In the last quarter, insiders sold 880,238 shares of company stock worth $27,776,572. Company insiders own 12.93% of the company’s shares.

The Wall Street analyst weighs in

PLTR has been the subject of a number of research analyst reports. Bank of America upped their target price on shares of Palantir Technologies from $30.00 to $50.00 and gave the stock a “buy” rating in a report on Tuesday, September 10th. Royal Bank of Canada reiterated an “underperform” rating and issued a $9.00 price objective on shares of Palantir Technologies in a report on Tuesday, August 6th. Raymond James boosted their price objective on Palantir Technologies from $25.00 to $30.00 and gave the company an “outperform” rating in a report on Tuesday, August 6th. Goldman Sachs Group lifted their price target on shares of Palantir Technologies from $14.00 to $16.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 7th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of Palantir Technologies from $20.00 to $21.00 and gave the company a “sell” rating in a research report on Tuesday, August 6th. . Five analysts have rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $26.79, according to MarketBeat.

Get the latest stock analysis on PLTR

Palantir Technologies Price Performance

Shares of PLTR opened at $35.59 on Friday. Palantir Technologies Inc. has a 1 year low of $13.68 and a 1 year high of $36.01. The stock has a market cap of $79.26 billion, a P/E ratio of 296.58, a P/E/G ratio of 6.15 and a beta of 2.72. The company has a fifty day moving average price of $29.69 and a 200 day moving average price of $25.49.

Palantir Technologies (NYSE:PLTR – Get Your Free Report ) last posted its 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). Palantir Technologies had a net margin of 16.32% and a return on equity of 8.88%. The company had revenue of $678.13 million for the quarter, compared to the consensus estimate of $653.23 million. In the same quarter last year, the company posted EPS of $0.01. Palantir Technologies’ revenue rose 27.2% year over year. As a group, analysts anticipate that Palantir Technologies Inc. will post 0.19 earnings per share for the current year.

Palantir Technologies Profile

(Free Report)

Palantir Technologies Inc builds and deploys software platforms for the intelligence community to assist in counter-terrorism investigations and operations in the United States, United Kingdom and internationally. The company provides Palantir Gotham, a software platform that enables users to identify patterns hidden deep in data sets ranging from signals intelligence sources to reports from confidential informants, as well as facilitates handoff between analysts and operational users, helping operators plan and execute worldwide responses to threats that have been identified within the platform.

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