Baker Boyer National Bank Makes New $227,000 Investment in Palantir Technologies Inc. (NASDAQ:PLTR)

Baker Boyer National Bank acquired a new stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 2,694 shares of the company's stock, valued at approximately $227,000.

Several other large investors have also bought and sold shares of the company. Assenagon Asset Management S.A. boosted its position in shares of Palantir Technologies by 15.0% during the first 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. Pitcairn Co. bought a new position in Palantir Technologies during the 4th quarter valued at about $281,000. Sagespring Wealth Partners LLC boosted its holdings in shares of Palantir Technologies by 36.3% during the 1st 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 during the last quarter. KLP Kapitalforvaltning AS bought a new stake in shares of Palantir Technologies in the fourth quarter worth approximately $52,033,000. Finally, CX Institutional purchased a new position in shares of Palantir Technologies during the first quarter valued at approximately $62,000. 45.65% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on PLTR shares. Deutsche Bank Aktiengesellschaft restated a "sell" rating on shares of Palantir Technologies in a report on Tuesday, May 6th. Royal Bank Of Canada restated an "underperform" rating on shares of Palantir Technologies in a research note on Tuesday, May 6th. Morgan Stanley lifted their price objective on Palantir Technologies from $90.00 to $98.00 and gave the stock an "equal weight" rating in a report on Tuesday, May 6th. Citigroup increased their target price on Palantir Technologies from $110.00 to $115.00 and gave the company a "neutral" rating in a report on Thursday, May 8th. Finally, Loop Capital set a $155.00 target price on Palantir Technologies and gave the stock a "buy" rating in a research report on Thursday, June 12th. Five investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $89.32.

Palantir Technologies Stock Up 1.6%

NASDAQ:PLTR traded up $2.15 during trading hours on Friday, hitting $134.27. 41,812,483 shares of the stock traded hands, compared to its average volume of 82,906,073. The company has a market cap of $316.85 billion, a price-to-earnings ratio of 1,119.67, a price-to-earnings-growth ratio of 11.47 and a beta of 2.59. Palantir Technologies Inc. has a 1 year low of $21.23 and a 1 year high of $148.22. The stock has a 50 day moving average price of $128.04 and a 200 day moving average price of $101.06.

Palantir 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, meeting the consensus estimate 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 net margin of 18.32% and a return on equity of 6.55%. The company's revenue was up 39.4% on a year-over-year basis. During the same period last year, the firm earned $0.08 EPS. Equities analysts forecast that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

Insider Buying and Selling at Palantir Technologies

In other news, insider Ryan D. Taylor sold 33,335 shares of the business's stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $135.31, for a total value of $4,510,558.85. Following the transaction, the insider directly owned 363,755 shares in the company, valued at $49,219,689.05. The trade was a 8.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Shyam Sankar sold 405,000 shares of the stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $132.08, for a total value of $53,492,400.00. Following the sale, the insider owned 702,786 shares of the company's stock, valued at $92,823,974.88. This represents a 36.56% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,451,497 shares of company stock valued at $186,110,685. 9.23% of the stock is currently owned by corporate insiders.

Palantir Technologies Profile

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.