Palantir Technologies Inc. (NASDAQ:PLTR) Shares Purchased by Deutsche Bank AG

Key Points

• Deutsche Bank AG increased its stake in Palantir Technologies by 0.4%, owning approximately 0.29% of the company, valued at $575.1 million as of its latest SEC filing.
• Palantir's stock rose by 1.5%, reaching a price of $182.20, with a market cap now at $429.98 billion and a price-to-earnings ratio of 607.35.
• Several analysts have upgraded their price targets for Palantir, with Cantor Fitzgerald raising it to $155.00, while Deutsche Bank upgraded its rating from "sell" to "hold" with a price target of $160.00.

Deutsche Bank AG raised its position in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 0.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,814,280 shares of the company's stock after purchasing an additional 29,055 shares during the quarter. Deutsche Bank AG owned 0.29% of Palantir Technologies worth $575,125,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. lifted its holdings in Palantir Technologies by 38.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 15,180,154 shares of the company's stock worth $1,281,205,000 after buying an additional 4,221,392 shares in the last quarter. Capital World Investors purchased a new stake in shares of Palantir Technologies during the fourth quarter worth $253,816,000. Northern Trust Corp raised its stake in shares of Palantir Technologies by 20.4% in the fourth quarter. Northern Trust Corp now owns 19,488,465 shares of the company's stock valued at $1,473,913,000 after acquiring an additional 3,299,779 shares in the last quarter. Clear Street Derivatives LLC purchased a new position in Palantir Technologies in the fourth quarter valued at $216,953,000. Finally, Toronto Dominion Bank grew its stake in Palantir Technologies by 266.2% during the 4th quarter. Toronto Dominion Bank now owns 3,932,955 shares of the company's stock worth $297,449,000 after purchasing an additional 2,859,091 shares in the last quarter. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Palantir Technologies Stock Performance

Palantir Technologies stock traded up $4.76 during mid-day trading on Friday, reaching $186.96. 62,386,781 shares of the company were exchanged, compared to its average volume of 61,219,692. The firm's 50-day simple moving average is $144.43 and its two-hundred day simple moving average is $114.82. Palantir Technologies Inc. has a twelve month low of $29.10 and a twelve month high of $187.99. The firm has a market cap of $441.21 billion, a PE ratio of 828.18, a price-to-earnings-growth ratio of 11.57 and a beta of 2.60.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last announced its quarterly earnings data on Monday, August 4th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.02. Palantir Technologies had a net margin of 22.18% and a return on equity of 10.75%. The company had revenue of $1 billion for the quarter, compared to analysts' expectations of $939.29 million. During the same period in the previous year, the company posted $0.09 EPS. Palantir Technologies's revenue was up 48.0% compared to the same quarter last year. As a group, equities research analysts anticipate that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on PLTR shares. Citigroup reaffirmed a "neutral" rating and issued a $177.00 price target (up previously from $158.00) on shares of Palantir Technologies in a research report on Tuesday. Mizuho upgraded shares of Palantir Technologies from an "underperform" rating to a "neutral" rating and upped their target price for the stock from $116.00 to $135.00 in a research note on Wednesday, July 16th. Cantor Fitzgerald lifted their price target on shares of Palantir Technologies from $110.00 to $155.00 and gave the stock a "neutral" rating in a research note on Tuesday. UBS Group reissued a "neutral" rating and issued a $165.00 price objective (up from $110.00) on shares of Palantir Technologies in a research report on Tuesday. Finally, Wedbush set a $200.00 price objective on shares of Palantir Technologies and gave the stock an "outperform" rating in a research report on Tuesday. Two research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Palantir Technologies has a consensus rating of "Hold" and a consensus price target of $136.61.

Insider Activity

In related news, insider Shyam Sankar sold 405,000 shares of Palantir Technologies stock in a transaction that occurred on Tuesday, June 10th. The stock was sold at an average price of $132.08, for a total value of $53,492,400.00. Following the sale, the insider directly owned 702,786 shares in the company, valued at $92,823,974.88. The trade was a 36.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider David A. Glazer sold 30,812 shares of the company's stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $126.39, for a total value of $3,894,328.68. Following the transaction, the insider directly owned 495,497 shares in the company, valued at $62,625,865.83. This represents a 5.85% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,515,632 shares of company stock valued at $196,472,623 over the last ninety days. 9.23% of the stock is currently owned by company insiders.

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.