Sivia Capital Partners LLC Makes New $686,000 Investment in Palantir Technologies Inc. (NYSE:PLTR)

Sivia Capital Partners LLC bought a new stake in shares of Palantir Technologies Inc. (NYSE:PLTR - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 39,948 shares of the company's stock, valued at approximately $686,000.

Several other large investors have also recently bought and sold shares of the stock. Fiduciary Alliance LLC grew its holdings in shares of Palantir Technologies by 1.0% in the 4th quarter. Fiduciary Alliance LLC now owns 60,776 shares of the company's stock worth $1,044,000 after purchasing an additional 618 shares during the last quarter. AXS Investments LLC grew its holdings in Palantir Technologies by 1.5% during the 4th quarter. AXS Investments LLC now owns 42,264 shares of the company's stock worth $726,000 after acquiring an additional 626 shares during the last quarter. Golden State Equity Partners grew its holdings in Palantir Technologies by 4.6% during the 4th quarter. Golden State Equity Partners now owns 14,435 shares of the company's stock worth $248,000 after acquiring an additional 640 shares during the last quarter. Exencial Wealth Advisors LLC grew its holdings in Palantir Technologies by 4.1% during the 4th quarter. Exencial Wealth Advisors LLC now owns 16,417 shares of the company's stock worth $282,000 after acquiring an additional 644 shares during the last quarter. Finally, Capital Investment Counsel Inc grew its holdings in Palantir Technologies by 0.5% during the 4th quarter. Capital Investment Counsel Inc now owns 120,727 shares of the company's stock worth $2,073,000 after acquiring an additional 650 shares during the last quarter. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

PLTR has been the topic of a number of research reports. Monness Crespi & Hardt upgraded shares of Palantir Technologies from a "sell" rating to a "neutral" rating in a research report on Friday, April 26th. Bank of America upped their target price on shares of Palantir Technologies from $24.00 to $28.00 and gave the company a "buy" rating in a research report on Wednesday, March 6th. Royal Bank of Canada upped their target price on shares of Palantir Technologies from $5.00 to $9.00 and gave the company an "underperform" rating in a research report on Tuesday, May 7th. HSBC increased their price target on shares of Palantir Technologies from $22.00 to $23.00 and gave the company a "hold" rating in a research report on Tuesday, May 7th. Finally, Argus began coverage on shares of Palantir Technologies in a research report on Monday. They issued a "buy" rating and a $29.00 price target on the stock. Five investment analysts have rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $21.25.

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, Director Alexander D. Moore sold 20,000 shares of the firm's stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $22.02, for a total transaction of $440,400.00. Following the completion of the sale, the director now owns 1,595,519 shares of the company's stock, valued at approximately $35,133,328.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Alexander D. Moore sold 20,000 shares of Palantir Technologies stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $22.02, for a total transaction of $440,400.00. Following the completion of the sale, the director now owns 1,595,519 shares of the company's stock, valued at $35,133,328.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Alexandra W. Schiff sold 5,000 shares of Palantir Technologies stock in a transaction on Monday, April 1st. The stock was sold at an average price of $22.74, for a total value of $113,700.00. Following the sale, the director now directly owns 186,783 shares of the company's stock, valued at approximately $4,247,445.42. The disclosure for this sale can be found here. Insiders sold 11,374,153 shares of company stock valued at $239,976,945 in the last quarter. 12.93% of the stock is currently owned by insiders.

Palantir Technologies Stock Up 6.2 %

Shares of NYSE:PLTR traded up $1.45 during midday trading on Monday, hitting $25.02. The stock had a trading volume of 53,898,494 shares, compared to its average volume of 57,611,500. Palantir Technologies Inc. has a 12 month low of $13.56 and a 12 month high of $27.50. The business's 50-day simple moving average is $22.09 and its 200-day simple moving average is $21.10. The company has a market cap of $55.72 billion, a P/E ratio of 208.52, a PEG ratio of 5.44 and a beta of 2.70.

Palantir Technologies (NYSE:PLTR - Get Free Report) last released its earnings results on Monday, May 6th. The company reported $0.04 earnings per share for the quarter, meeting the consensus estimate of $0.04. Palantir Technologies had a net margin of 12.79% and a return on equity of 8.28%. The business had revenue of $634.34 million during the quarter, compared to analysts' expectations of $614.88 million. As a group, equities analysts predict 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.