Investment Firm Boosts Holdings in Palantir Technologies Inc. (NYSE:PLTR)

Orion Portfolio Solutions LLC Increases Stake in Palantir Technologies Inc. (NYSE:PLTR)

In a recent disclosure with the Securities & Exchange Commission, Orion Portfolio Solutions LLC revealed that it has boosted its holdings in Palantir Technologies Inc. (NYSE:PLTR) by 7.2% during the first quarter. The institutional investor now owns 58,715 shares of the company’s stock, with a value of $1,351,000.

Other hedge funds have also been active in trading Palantir Technologies shares. Vanguard Group Inc., Sumitomo Mitsui Trust Holdings Inc., ARK Investment Management LLC, Nikko Asset Management Americas Inc., and Charles Schwab Investment Management Inc. have all increased their stakes in the company.

Insiders at Palantir Technologies have also been making moves, with Director Peter Thiel selling 5,000,000 shares of the firm’s stock, and Director Alexander D. Moore selling 20,000 shares. In total, insiders have sold 11,467,179 shares of company stock worth $242,726,313 in the last three months.

On the analyst front, several reports have been issued on Palantir Technologies. The stock currently has an average rating of “Hold” and a consensus price target of $21.32.

Shares of Palantir Technologies opened at $28.46 on Tuesday, with a 1 year low of $13.68 and a 1 year high of $29.83. The company reported $0.04 earnings per share for the quarter, meeting the consensus estimate.

Palantir Technologies Inc. builds and deploys software platforms for the intelligence community to assist in counterterrorism investigations and operations. The company provides Palantir Gotham, a software platform that enables users to identify patterns hidden within datasets.

For more information on Palantir Technologies and its latest developments, visit HoldingsChannel.com for the latest 13F filings and insider trades.