Banque Cantonale Vaudoise Purchases Shares of 30,363 Palantir Technologies Inc. (NASDAQ:PLTR)

Banque Cantonale Vaudoise purchased a new position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 30,363 shares of the company's stock, valued at approximately $2,563,000.

A number of other institutional investors also recently added to or reduced their stakes in PLTR. Mechanics Financial Corp bought a new stake in shares of Palantir Technologies in the 1st quarter worth $25,000. Cornerstone Planning Group LLC raised its stake in shares of Palantir Technologies by 90.2% in the 1st quarter. Cornerstone Planning Group LLC now owns 390 shares of the company's stock worth $33,000 after buying an additional 185 shares in the last quarter. Richardson Capital Management LLC bought a new stake in shares of Palantir Technologies in the 1st quarter worth $33,000. Atlantic Edge Private Wealth Management LLC raised its stake in shares of Palantir Technologies by 45.5% in the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 400 shares of the company's stock worth $34,000 after buying an additional 125 shares in the last quarter. Finally, CBIZ Investment Advisory Services LLC raised its stake in shares of Palantir Technologies by 118.5% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 413 shares of the company's stock worth $35,000 after buying an additional 224 shares in the last quarter. Institutional investors and hedge funds own 45.65% of the company's stock.

Insider Activity

In other Palantir Technologies news, insider Ryan D. Taylor sold 35,480 shares of Palantir Technologies stock in a transaction dated Tuesday, May 20th. The stock was 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 in the company, valued at approximately $46,472,465.49. The trade was a 8.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Stephen Andrew Cohen sold 309,696 shares of Palantir Technologies stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $126.39, for a total value of $39,142,477.44. Following the transaction, the insider owned 592 shares in the company, valued at approximately $74,822.88. This represents a 99.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,485,632 shares of company stock valued at $191,222,623. Company insiders own 9.23% of the company's stock.

Analyst Ratings Changes

PLTR has been the topic of a number of recent analyst reports. Loop Capital boosted their target price on Palantir Technologies from $155.00 to $178.00 and gave the stock a "buy" rating in a research report on Wednesday. Royal Bank Of Canada reaffirmed an "underperform" rating on shares of Palantir Technologies in a research report on Tuesday, May 6th. UBS Group reaffirmed a "positive" rating on shares of Palantir Technologies in a research report on Wednesday, June 25th. DA Davidson boosted their target price on Palantir Technologies from $100.00 to $115.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 6th. Finally, Mizuho raised Palantir Technologies from an "underperform" rating to a "neutral" rating and boosted their target price for the stock from $116.00 to $135.00 in a research report on Wednesday, July 16th. Four equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $96.45.

Palantir Technologies Stock Down 2.6%

PLTR stock traded down $4.08 during midday trading on Friday, reaching $154.27. 60,986,881 shares of the company's stock traded hands, compared to its average volume of 92,549,563. The company has a 50-day simple moving average of $139.76 and a two-hundred day simple moving average of $111.35. Palantir Technologies Inc. has a 1-year low of $21.23 and a 1-year high of $160.89. The company has a market cap of $364.06 billion, a price-to-earnings ratio of 670.74, a PEG ratio of 13.52 and a beta of 2.59.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last released its earnings results on Monday, May 5th. The company reported $0.13 EPS for the quarter, meeting the consensus estimate of $0.13. Palantir Technologies had a return on equity of 6.55% and a net margin of 18.32%. The company had revenue of $883.86 million during the quarter, compared to analysts' expectations of $863.89 million. During the same period last year, the firm earned $0.08 EPS. The business's revenue for the quarter was up 39.4% on a year-over-year basis. Equities research analysts forecast that Palantir Technologies Inc. will post 0.31 EPS for the current 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.