Crossmark Global Holdings Inc. Purchases 10,288 Shares of Palantir Technologies Inc. (NASDAQ:PLTR)

Crossmark Global Holdings Inc. raised its position in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 5.0% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 215,068 shares of the company's stock after buying an additional 10,288 shares during the period. Crossmark Global Holdings Inc.'s holdings in Palantir Technologies were worth $18,152,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of PLTR. Financial Counselors Inc. boosted its position in shares of Palantir Technologies by 21.4% in the 1st quarter. Financial Counselors Inc. now owns 5,433 shares of the company's stock worth $459,000 after purchasing an additional 958 shares during the last quarter. Wood Tarver Financial Group LLC lifted its holdings in Palantir Technologies by 10.7% during the first quarter. Wood Tarver Financial Group LLC now owns 3,679 shares of the company's stock worth $311,000 after acquiring an additional 356 shares in the last quarter. Callan Capital LLC raised its stake in shares of Palantir Technologies by 43.5% in the 1st quarter. Callan Capital LLC now owns 4,816 shares of the company's stock valued at $406,000 after purchasing an additional 1,461 shares during the period. BOCHK Asset Management Ltd grew its holdings in shares of Palantir Technologies by 24.5% in the 1st quarter. BOCHK Asset Management Ltd now owns 23,900 shares of the company's stock valued at $2,017,000 after acquiring an additional 4,700 shares in the last quarter. Finally, Capital Advisors Inc. OK grew its holdings in shares of Palantir Technologies by 12.3% in the 1st quarter. Capital Advisors Inc. OK now owns 24,941 shares of the company's stock valued at $2,105,000 after acquiring an additional 2,722 shares in the last quarter. 45.65% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently commented on PLTR. The Goldman Sachs Group lifted their price target on Palantir Technologies from $80.00 to $90.00 and gave the stock a "neutral" rating in a report on Tuesday, May 6th. Daiwa Capital Markets initiated coverage on Palantir Technologies in a research note on Tuesday, April 1st. They issued a "neutral" rating and a $90.00 price target for the company. Daiwa America upgraded Palantir Technologies to a "hold" rating in a research note on Tuesday, April 1st. DA Davidson boosted their price objective on shares of Palantir Technologies from $100.00 to $115.00 and gave the company a "neutral" rating in a research report on Tuesday, May 6th. Finally, Cantor Fitzgerald boosted their price objective on shares of Palantir Technologies from $98.00 to $110.00 and gave the company a "neutral" rating in a research report on Tuesday, May 6th. Five equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Palantir Technologies currently has an average rating of "Hold" and a consensus price target of $89.32.

Insider Activity at Palantir Technologies

In other Palantir Technologies news, insider Stephen Andrew Cohen sold 309,696 shares of the stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $126.39, for a total value of $39,142,477.44. Following the completion of the sale, the insider owned 592 shares in the company, valued at approximately $74,822.88. This trade represents a 99.81% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider David A. Glazer sold 30,812 shares of the firm's stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $126.39, for a total transaction of $3,894,328.68. Following the sale, the insider owned 495,497 shares of the company's stock, valued at approximately $62,625,865.83. The trade was a 5.85% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,451,497 shares of company stock worth $186,110,685. 12.93% of the stock is currently owned by insiders.

Palantir Technologies Price Performance

NASDAQ PLTR traded down $1.90 on Tuesday, reaching $137.22. The company had a trading volume of 27,232,972 shares, compared to its average volume of 82,792,013. The firm has a market cap of $323.84 billion, a price-to-earnings ratio of 595.32, a P/E/G ratio of 11.47 and a beta of 2.59. The business has a 50 day moving average of $128.96 and a two-hundred day moving average of $102.29. Palantir Technologies Inc. has a fifty-two week low of $21.23 and a fifty-two week high of $148.22.

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