Palantir Technologies Inc. (NASDAQ:PLTR) Shares Acquired by Sterling Investment Advisors Ltd.

Sterling Investment Advisors Ltd. grew its holdings in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 222.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 19,389 shares of the company's stock after acquiring an additional 13,367 shares during the period. Sterling Investment Advisors Ltd.'s holdings in Palantir Technologies were worth $1,636,000 at the end of the most recent quarter.Get Palantir Technologies alerts:MarketBeat Week in Review – 07/21 - 07/25A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Assenagon Asset Management S.A. raised its stake in shares of Palantir Technologies by 15.0% during the 1st quarter. Assenagon Asset Management S.A. now owns 49,651 shares of the company's stock valued at $4,191,000 after buying an additional 6,479 shares during the last quarter. Garrison Bradford & Associates Inc. purchased a new stake in shares of Palantir Technologies in the first quarter worth about $45,000. Pitcairn Co. acquired a new stake in Palantir Technologies during the fourth quarter worth about $281,000. Sagespring Wealth Partners LLC raised its position in Palantir Technologies by 36.3% during the first quarter. Sagespring Wealth Partners LLC now owns 24,054 shares of the company's stock valued at $2,030,000 after acquiring an additional 6,405 shares in the last quarter. Finally, CX Institutional purchased a new position in Palantir Technologies during the first quarter valued at approximately $62,000. Institutional investors and hedge funds own 45.65% of the company's stock. Analyst Upgrades and DowngradesSeveral equities research analysts have commented on the company. Daiwa Capital Markets initiated coverage on Palantir Technologies in a research report on Tuesday, April 1st. They issued a "neutral" rating and a $90.00 price objective on the stock. Morgan Stanley increased their price target on shares of Palantir Technologies from $90.00 to $98.00 and gave the stock an "equal weight" rating in a report on Tuesday, May 6th. Citigroup raised their price target on shares of Palantir Technologies from $110.00 to $115.00 and gave the company a "neutral" rating in a research report on Thursday, May 8th. DA Davidson upped their price objective on shares of Palantir Technologies from $100.00 to $115.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 6th. Finally, UBS Group restated a "positive" rating on shares of Palantir Technologies in a research report on Wednesday, June 25th. Four equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $95.30.Palantir Bulls and Bears Set for an August Showdown Get Our Latest Report on PLTRPalantir Technologies Price PerformanceShares of Palantir Technologies stock opened at $158.80 on Friday. The stock's 50 day simple moving average is $137.03 and its 200-day simple moving average is $109.13. The stock has a market cap of $374.75 billion, a P/E ratio of 690.43, a P/E/G ratio of 13.56 and a beta of 2.59. Palantir Technologies Inc. has a 1-year low of $21.23 and a 1-year high of $160.39. MarketBeat Week in Review – 07/14 - 07/18Palantir Technologies (NASDAQ:PLTR - Get Free Report) last announced its quarterly earnings data on Monday, May 5th. The company reported $0.13 EPS for the quarter, hitting analysts' consensus estimates of $0.13. The firm had revenue of $883.86 million for the quarter, compared to the consensus estimate of $863.89 million. Palantir Technologies had a return on equity of 6.55% and a net margin of 18.32%. The firm's revenue was up 39.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.08 earnings per share. As a group, research analysts expect that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year. Insider Buying and Selling at Palantir TechnologiesIn other Palantir Technologies news, insider Ryan D. Taylor sold 35,480 shares of Palantir Technologies stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $126.39, for a total transaction of $4,484,317.20. Following the transaction, the insider directly owned 367,691 shares of the company's stock, valued at $46,472,465.49. The trade was a 8.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider David A. Glazer sold 30,812 shares of the business's stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $126.39, for a total transaction of $3,894,328.68. Following the completion of the transaction, the insider owned 495,497 shares in the company, valued at $62,625,865.83. The trade was a 5.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,485,632 shares of company stock worth $191,222,623. Corporate insiders own 9.23% of the company's stock. Palantir Technologies Profile (Free Report)Palantir Technologies, Inc engages in the business of building and deploying software platforms that serve as the central operating systems for its customers. It operates under the Commercial and Government segments. The Commercial segment focuses on customers working in non-government industries. The Government segment is involved in providing services to customers that are the United States government and non-United States government agencies.Further ReadingFive stocks we like better than Palantir TechnologiesAre Penny Stocks a Good Fit for Your Portfolio?Crypto Skeptics Can Still Win Big With These Risk-Limiting ETFsStock Market Holidays 2022-2025 - Here’s When the NYSE and NASDAQ Will be Closed3 Discounted Steel Stocks You Can DCA Into TodayCompound Interest and Why It Matters When InvestingCould Baker Hughes Be an Unlikely Winner in Drone Defense Boom?This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Palantir Technologies Right Now?Before you consider Palantir Technologies, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Palantir Technologies wasn't on the list.While Palantir Technologies currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here