Bank Hapoalim BM Takes $227,000 Position in Palantir Technologies Inc. (NASDAQ:PLTR)

Bank Hapoalim BM acquired a new stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,693 shares of the company's stock, valued at approximately $227,000.

A number of other institutional investors have also made changes to their positions in the stock. Revolve Wealth Partners LLC bought a new stake in Palantir Technologies during the fourth quarter valued at about $450,000. Assetmark Inc. lifted its position in shares of Palantir Technologies by 46.3% during the 4th quarter. Assetmark Inc. now owns 1,191 shares of the company's stock worth $90,000 after purchasing an additional 377 shares during the last quarter. Proficio Capital Partners LLC bought a new stake in Palantir Technologies during the 4th quarter valued at approximately $522,000. Cullen Frost Bankers Inc. grew its holdings in Palantir Technologies by 4,248.7% in the 4th quarter. Cullen Frost Bankers Inc. now owns 1,696 shares of the company's stock valued at $128,000 after buying an additional 1,657 shares during the last quarter. Finally, Andra AP fonden acquired a new stake in Palantir Technologies in the 4th quarter valued at approximately $454,000. 45.65% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, insider Ryan D. Taylor sold 33,335 shares of Palantir Technologies stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $135.31, for a total transaction of $4,510,558.85. Following the completion of the transaction, the insider directly owned 363,755 shares of the company's stock, valued at $49,219,689.05. This trade represents a 8.39% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Eric H. Woersching sold 10,214 shares of the business's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $130.95, for a total transaction of $1,337,523.30. Following the completion of the transaction, the director owned 2,348 shares in the company, valued at approximately $307,470.60. This trade represents a 81.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,452,297 shares of company stock worth $186,222,373 in the last quarter. 9.23% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

PLTR has been the subject of a number of research analyst reports. Mizuho upped their price target on Palantir Technologies from $94.00 to $116.00 and gave the stock an "underperform" rating in a report on Wednesday, June 11th. Cantor Fitzgerald boosted their target price on shares of Palantir Technologies from $98.00 to $110.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 6th. Loop Capital set a $155.00 price target on shares of Palantir Technologies and gave the company a "buy" rating in a report on Thursday, June 12th. Daiwa America upgraded shares of Palantir Technologies to a "hold" rating in a research report on Tuesday, April 1st. Finally, Deutsche Bank Aktiengesellschaft restated a "sell" rating on shares of Palantir Technologies in a report on Tuesday, May 6th. Five research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $89.32.

Palantir Technologies Stock Performance

Shares of PLTR stock traded down $0.40 during trading hours on Friday, hitting $142.10. The company had a trading volume of 52,005,962 shares, compared to its average volume of 83,116,242. Palantir Technologies Inc. has a 12 month low of $21.23 and a 12 month high of $148.22. The firm's fifty day moving average is $130.81 and its 200 day moving average is $103.66. The firm has a market capitalization of $335.34 billion, a price-to-earnings ratio of 617.83, a PEG ratio of 12.16 and a beta of 2.59.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last announced its quarterly earnings results on Monday, May 5th. The company reported $0.13 earnings per share for the quarter, meeting analysts' consensus estimates of $0.13. Palantir Technologies had a return on equity of 6.55% and a net margin of 18.32%. The firm had revenue of $883.86 million for the quarter, compared to analysts' expectations of $863.89 million. During the same period in the prior year, the business posted $0.08 earnings per share. The business's revenue was up 39.4% compared to the same quarter last year. On average, sell-side analysts expect that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

About Palantir Technologies

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.