Palantir Technologies Inc. (NASDAQ:PLTR) Shares Acquired by Diversified Trust Co

Diversified Trust Co boosted its position in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 9.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 22,891 shares of the company's stock after acquiring an additional 2,026 shares during the quarter. Diversified Trust Co's holdings in Palantir Technologies were worth $1,932,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. First Command Advisory Services Inc. acquired a new position in Palantir Technologies in the fourth quarter valued at $34,000. Summit Securities Group LLC acquired a new position in shares of Palantir Technologies during the fourth quarter worth about $34,000. Fairfield Financial Advisors LTD acquired a new position in shares of Palantir Technologies during the fourth quarter worth about $35,000. Godsey & Gibb Inc. lifted its stake in shares of Palantir Technologies by 740.0% during the first quarter. Godsey & Gibb Inc. now owns 420 shares of the company's stock worth $35,000 after purchasing an additional 370 shares in the last quarter. Finally, Runnymede Capital Advisors Inc. acquired a new position in shares of Palantir Technologies during the fourth quarter worth about $36,000. Institutional investors and hedge funds own 45.65% of the company's stock.

Palantir Technologies Trading Down 9.4%

Palantir Technologies stock traded down $13.51 during midday trading on Friday, hitting $130.74. The stock had a trading volume of 200,764,922 shares, compared to its average volume of 82,409,392. The stock has a market cap of $308.53 billion, a P/E ratio of 568.43, a P/E/G ratio of 11.16 and a beta of 2.64. Palantir Technologies Inc. has a 12 month low of $21.23 and a 12 month high of $148.22. The business has a fifty day moving average price of $125.24 and a 200 day moving average price of $99.62.

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

Wall Street Analysts Forecast Growth

A number of brokerages have commented on PLTR. Wedbush set a $140.00 price objective on Palantir Technologies and gave the stock an "outperform" rating in a research note on Tuesday, May 6th. UBS Group restated a "positive" rating on shares of Palantir Technologies in a research note on Wednesday. Citigroup boosted their price objective on Palantir Technologies from $110.00 to $115.00 and gave the stock a "neutral" rating in a research note on Thursday, May 8th. William Blair set a $84.00 price objective on Palantir Technologies in a research note on Wednesday, March 5th. Finally, Royal Bank Of Canada restated an "underperform" rating on shares of Palantir Technologies in a research note on Tuesday, May 6th. Five research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $89.32.

Insider Activity at Palantir Technologies

In other news, Director Eric H. Woersching sold 17,000 shares of the company's stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $129.29, for a total transaction of $2,197,930.00. Following the completion of the transaction, the director now directly owns 12,562 shares of the company's stock, valued at approximately $1,624,140.98. This represents a 57.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Lauren Elaina Friedman Stat sold 800 shares of the business's stock in a transaction that occurred on Thursday, April 3rd. The stock was sold at an average price of $81.25, for a total value of $65,000.00. Following the transaction, the director now owns 61,339 shares of the company's stock, valued at approximately $4,983,793.75. This represents a 1.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,506,925 shares of company stock valued at $188,456,658 over the last three months. 9.23% of the stock is owned by insiders.

Palantir Technologies 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.