Leavell Investment Management Inc. Purchases 1,000 Shares of Palantir Technologies Inc. (NYSE:PLTR)

Leavell Investment Management Inc. increased its holdings in shares of Palantir Technologies Inc. (NYSE:PLTR) by 2.8% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,644 shares of the company’s stock after acquiring an additional 1,000 shares during the period. Leavell Investment Management Inc.’s holdings in Palantir Technologies were worth $843,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. West Paces Advisors Inc. increased its position in Palantir Technologies by 110.7% in the first quarter. West Paces Advisors Inc. now owns 1,180 shares of the company’s stock worth $27,000 after purchasing an additional 620 shares during the period. Massmutual Trust Co. FSB ADV increased its position in 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 purchasing an additional 691 shares during the period. Halpern Financial Inc. increased its position in Palantir Technologies by 44.0% in the first quarter. Halpern Financial Inc. now owns 1,440 shares of the company’s stock worth $33,000 after purchasing an additional 440 shares during the period. Pacifica Partners Inc. acquired a new position in shares of Palantir Technologies during the 4th quarter worth about $27,000. Finally, First United Bank & Trust acquired a new position in shares of Palantir Technologies during the 4th quarter worth about $26,000. 45.65% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on PLTR. William Blair reiterated an “underperform” rating on shares of Palantir Technologies in a research report on Tuesday, May 7th. DA Davidson upped their price objective on Palantir Technologies from $19.00 to $24.00 and gave the company a “neutral” rating in a report on Tuesday, May 7th. Wedbush reissued an “outperform” rating and set a $35.00 target price on shares of Palantir Technologies in a report on Monday, May 6th. Deutsche Bank Aktiengesellschaft upped their price objective on Palantir Technologies from $18.00 to $20.00 and gave the stock a “sell” rating in a research report on Tuesday, May 7th. Finally, HSBC upped their price objective on Palantir Technologies from $22.00 to $23.00 and gave the stock a “hold” rating in a research report on Tuesday, May 7th. Five investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $20.65.

Palantir Technologies Trading Down 2.1 %

NYSE PLTR traded down $0.45 during trading hours on Thursday, hitting $20.73. 36,791,114 shares of the company’s stock were exchanged, compared to its average volume of 60,980,645. Palantir Technologies Inc. has a 1-year low of $11.82 and a 1-year high of $27.50. The stock has a 50-day simple moving average of $22.44 and a 200 day simple moving average of $20.73. The firm has a market cap of $46.15 billion, a price-to-earnings ratio of 172.72, a PEG ratio of 4.90 and a beta of 2.76.

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, insider Heather A. Planishek sold 2,398 shares of the firm’s stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $21.30, for a total value of $51,077.40. Following the completion of the sale, the insider now owns 639,696 shares of the company’s stock, valued at $13,625,524.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, insider Heather A. Planishek sold 2,398 shares of Palantir Technologies stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $21.30, for a total transaction of $51,077.40. Following the transaction, the insider now owns 639,696 shares of the company’s stock, valued at $13,625,524.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Heather A. Planishek sold 32,828 shares of Palantir Technologies stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $25.95, for a total value of $851,886.60. Following the transaction, the insider now directly owns 662,006 shares in the company, valued at approximately $17,179,055.70. The disclosure for this sale can be found here. Over the last quarter, insiders sold 18,412,722 shares of company stock valued at $414,573,750. Company insiders own 12.93% of the company’s stock.

Palantir Technologies 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.