Bleakley Financial Group LLC Buys 4,041 Shares of Palantir Technologies Inc. (NASDAQ:PLTR)

Bleakley Financial Group LLC increased its position in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 8.1% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 53,686 shares of the company's stock after purchasing an additional 4,041 shares during the period. Bleakley Financial Group LLC's holdings in Palantir Technologies were worth $4,531,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Geode Capital Management LLC boosted its stake in shares of Palantir Technologies by 8.6% during the 4th quarter. Geode Capital Management LLC now owns 52,074,232 shares of the company's stock valued at $3,929,401,000 after buying an additional 4,127,306 shares during the period. Northern Trust Corp boosted its stake in shares of Palantir Technologies by 20.4% during the 4th quarter. Northern Trust Corp now owns 19,488,465 shares of the company's stock valued at $1,473,913,000 after buying an additional 3,299,779 shares during the period. Norges Bank bought a new position in shares of Palantir Technologies during the 4th quarter valued at $1,360,191,000. FMR LLC raised its holdings in shares of Palantir Technologies by 22.6% during the 4th quarter. FMR LLC now owns 15,296,371 shares of the company's stock valued at $1,156,864,000 after purchasing an additional 2,818,090 shares in the last quarter. Finally, Invesco Ltd. raised its holdings in shares of Palantir Technologies by 31.2% during the 4th quarter. Invesco Ltd. now owns 14,748,240 shares of the company's stock valued at $1,115,409,000 after purchasing an additional 3,509,311 shares in the last quarter. Institutional investors and hedge funds own 45.65% of the company's stock.

Wall Street Analysts Forecast Growth

PLTR has been the topic of a number of recent research reports. Wedbush set a $160.00 price target on shares of Palantir Technologies in a report on Thursday, July 10th. Loop Capital set a $155.00 target price on shares of Palantir Technologies and gave the stock a "buy" rating in a report on Thursday, June 12th. Mizuho upgraded shares of Palantir Technologies from an "underperform" rating to a "neutral" rating and lifted their target price for the stock from $116.00 to $135.00 in a report on Wednesday. Cantor Fitzgerald lifted their target price on shares of Palantir Technologies from $98.00 to $110.00 and gave the stock a "neutral" rating in a report on Tuesday, May 6th. Finally, The Goldman Sachs Group lifted their target price on shares of Palantir Technologies from $80.00 to $90.00 and gave the stock a "neutral" rating in a report on Tuesday, May 6th. Four research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, Palantir Technologies presently has a consensus rating of "Hold" and an average price target of $91.37.

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, 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 value of $1,337,523.30. Following the transaction, the director directly owned 2,348 shares in the company, valued at $307,470.60. The trade was a 81.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Lauren Elaina Friedman Stat sold 800 shares of the business's stock in a transaction dated Wednesday, July 9th. The shares were sold at an average price of $139.61, for a total transaction of $111,688.00. Following the completion of the transaction, the director owned 62,887 shares in the company, valued at approximately $8,779,654.07. This trade represents a 1.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,485,632 shares of company stock worth $191,222,623 in the last 90 days. 9.23% of the stock is currently owned by insiders.

Palantir Technologies Price Performance

Shares of Palantir Technologies stock traded down $1.27 during trading on Friday, hitting $152.72. 37,051,953 shares of the company's stock traded hands, compared to its average volume of 83,230,838. The firm's fifty day moving average price is $133.61 and its 200 day moving average price is $105.61. Palantir Technologies Inc. has a twelve month low of $21.23 and a twelve month high of $155.68. The company has a market cap of $360.41 billion, a PE ratio of 663.84, a PEG ratio of 12.88 and a beta of 2.59.

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

Palantir Technologies Company 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.