Czech National Bank Purchases 26,370 Shares of Palantir Technologies Inc. (NASDAQ:PLTR)

Czech National Bank increased its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 5.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 470,811 shares of the company's stock after acquiring an additional 26,370 shares during the quarter. Czech National Bank's holdings in Palantir Technologies were worth $39,736,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in PLTR. Mather Group LLC. grew its position in shares of Palantir Technologies by 101.4% in the fourth quarter. Mather Group LLC. now owns 890 shares of the company's stock valued at $67,000 after purchasing an additional 448 shares during the last quarter. Destiny Wealth Partners LLC acquired a new stake in shares of Palantir Technologies during the 4th quarter worth approximately $3,233,000. Sage Advisors LLC bought a new position in Palantir Technologies in the fourth quarter valued at approximately $369,000. Hodges Capital Management Inc. acquired a new position in Palantir Technologies during the fourth quarter valued at approximately $16,556,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd raised its position in Palantir Technologies by 13.0% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 247,585 shares of the company's stock valued at $18,725,000 after purchasing an additional 28,534 shares in the last quarter. Institutional investors own 45.65% of the company's stock.

Insiders Place Their Bets

In other Palantir Technologies news, Director Alexandra W. Schiff sold 6,776 shares of Palantir Technologies stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $86.63, for a total value of $587,004.88. Following the sale, the director now owns 184,617 shares of the company's stock, valued at approximately $15,993,370.71. The trade was a 3.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Jeffrey Buckley sold 1,708 shares of the stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $126.39, for a total transaction of $215,874.12. Following the transaction, the insider now directly owns 34,468 shares of the company's stock, valued at $4,356,410.52. This represents a 4.72% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 3,901,701 shares of company stock valued at $370,407,533 in the last 90 days. 9.23% of the stock is currently owned by corporate insiders.

Palantir Technologies Stock Up 0.8%

PLTR traded up $1.08 during trading on Tuesday, hitting $133.12. 90,850,910 shares of the company's stock were exchanged, compared to its average volume of 79,009,654. Palantir Technologies Inc. has a fifty-two week low of $21.01 and a fifty-two week high of $135.22. The stock has a market cap of $314.15 billion, a P/E ratio of 700.67, a PEG ratio of 10.84 and a beta of 2.64. The business's 50 day moving average is $106.69 and its two-hundred day moving average is $90.74.

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 (EPS) for the quarter, hitting the consensus estimate of $0.13. The business had revenue of $883.86 million during the quarter, compared to the consensus estimate of $863.89 million. Palantir Technologies had a return on equity of 6.85% and a net margin of 16.13%. Palantir Technologies's revenue was up 39.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.08 earnings per share. On average, sell-side analysts forecast that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Analyst Upgrades and Downgrades

PLTR has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft restated a "sell" rating on shares of Palantir Technologies in a research report on Tuesday, May 6th. Mizuho raised their price target on shares of Palantir Technologies from $80.00 to $94.00 and gave the company an "underperform" rating in a research note on Tuesday, May 6th. The Goldman Sachs Group lifted their price target on shares of Palantir Technologies from $80.00 to $90.00 and gave the company a "neutral" rating in a report on Tuesday, May 6th. Loop Capital raised their target price on shares of Palantir Technologies from $125.00 to $130.00 and gave the company a "buy" rating in a research report on Tuesday, May 6th. Finally, UBS Group upped their price target on shares of Palantir Technologies from $105.00 to $110.00 and gave the stock a "neutral" rating in a report on Tuesday, May 6th. Five equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, Palantir Technologies currently has an average rating of "Hold" and an average target price of $83.95.

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.