Cyrus J. Lawrence LLC Grows Stock Holdings in Palantir Technologies Inc. (NYSE:PLTR)

Cyrus J. Lawrence LLC increased its stake in Palantir Technologies Inc. (NYSE:PLTR) by 72.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,465 shares of the company’s stock after purchasing an additional 1,035 shares during the quarter. Cyrus J. Lawrence LLC’s holdings in Palantir Technologies were worth $62,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Edge Capital Group LLC lifted its holdings in shares of Palantir Technologies by 9.8% during the 2nd quarter. Edge Capital Group LLC now owns 19,981 shares of the company’s stock valued at $506,000 after buying an additional 1,786 shares during the period. EverSource Wealth Advisors LLC increased its position in Palantir Technologies by 44.4% during the second quarter. EverSource Wealth Advisors LLC now owns 281,322 shares of the company’s stock valued at $7,565,000 after acquiring an additional 86,483 shares during the last quarter. Fairscale Capital LLC bought a new position in Palantir Technologies in the second quarter valued at about $193,000. Fidelis Capital Partners LLC boosted its position in Palantir Technologies by 355.9% in the second quarter. Fidelis Capital Partners LLC now owns 8,375 shares of the company’s stock worth $220,000 after purchasing an additional 6,538 shares during the last quarter. Finally, Frank Rimerman Advisors LLC increased its position in shares of Palantir Technologies by 97.3% during the 2nd quarter. Frank Rimerman Advisors LLC now owns 15,453 shares of the company’s stock valued at $391,000 after purchasing an additional 7,619 shares during the last quarter. Institutional investors own 45.65% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Argus initiated coverage on shares of Palantir Technologies in a report on Monday, June 17th. They issued a “buy” rating and a $29.00 price objective on the stock. Mizuho cut shares of Palantir Technologies from a “neutral” rating to an “underperform” rating and lifted their price target for the stock from $21.00 to $22.00 in a research note on Tuesday, July 16th. DA Davidson upped their price objective on Palantir Technologies from $24.00 to $28.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 6th. Deutsche Bank Aktiengesellschaft lifted their target price on Palantir Technologies from $20.00 to $21.00 and gave the company a “sell” rating in a research report on Tuesday, August 6th. Finally, Northland Capmk upgraded Palantir Technologies to a “hold” rating in a research report on Thursday, August 22nd. Five investment analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Palantir Technologies currently has an average rating of “Hold” and an average target price of $26.79.

Insider Buying and Selling

In other Palantir Technologies news, Director Lauren Elaina Friedman Stat sold 6,000 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $36.35, for a total transaction of $218,100.00. Following the completion of the transaction, the director now owns 152,280 shares in the company, valued at approximately $5,535,378. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Alexander C. Karp sold 4,500,000 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $36.07, for a total transaction of $162,315,000.00. Following the sale, the insider now directly owns 6,432,258 shares in the company, valued at approximately $232,011,546.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Lauren Elaina Friedman Stat sold 6,000 shares of Palantir Technologies stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $36.35, for a total value of $218,100.00. Following the completion of the transaction, the director now owns 152,280 shares of the company’s stock, valued at approximately $5,535,378. The disclosure for this sale can be found here. Over the last three months, insiders have sold 5,383,238 shares of company stock worth $190,231,672. Corporate insiders own 12.93% of the company’s stock.

Palantir Technologies Price Performance

PLTR stock opened at $37.20 on Monday. Palantir Technologies Inc. has a 1-year low of $13.68 and a 1-year high of $37.35. The business has a 50 day simple moving average of $30.57 and a two-hundred day simple moving average of $25.92. The company has a market capitalization of $83.31 billion, a price-to-earnings ratio of 310.03 and a beta of 2.72.

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