Greenleaf Trust Raises Position in Palantir Technologies Inc. (NASDAQ:PLTR)

Greenleaf Trust increased its holdings in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 19.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 94,965 shares of the company's stock after purchasing an additional 15,426 shares during the period. Greenleaf Trust's holdings in Palantir Technologies were worth $8,015,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in PLTR. Revolve Wealth Partners LLC purchased a new stake in shares of Palantir Technologies during the 4th quarter valued at $450,000. Assetmark Inc. raised its holdings in shares of Palantir Technologies by 46.3% in the 4th quarter. Assetmark Inc. now owns 1,191 shares of the company's stock worth $90,000 after purchasing an additional 377 shares during the period. Proficio Capital Partners LLC purchased a new position in shares of Palantir Technologies in the 4th quarter worth about $522,000. PNC Financial Services Group Inc. raised its holdings in shares of Palantir Technologies by 128.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 245,032 shares of the company's stock worth $18,532,000 after purchasing an additional 137,577 shares during the period. Finally, Dorsey & Whitney Trust CO LLC purchased a new stake in Palantir Technologies during the fourth quarter worth approximately $560,000. Hedge funds and other institutional investors own 45.65% of the company's stock.

Analysts Set New Price Targets

PLTR has been the topic of several research reports. Cantor Fitzgerald raised their price objective on Palantir Technologies from $98.00 to $110.00 and gave the company a "neutral" rating in a research report on Tuesday, May 6th. Daiwa America upgraded Palantir Technologies to a "hold" rating in a research note on Tuesday, April 1st. Daiwa Capital Markets initiated coverage on shares of Palantir Technologies in a research note on Tuesday, April 1st. They issued a "neutral" rating and a $90.00 price target on the stock. Wedbush restated an "outperform" rating on shares of Palantir Technologies in a research report on Thursday. Finally, Loop Capital set a $155.00 target price on Palantir Technologies and gave the stock a "buy" rating in a research report on Thursday, June 12th. Five equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $89.32.

Palantir Technologies Price Performance

Shares of NASDAQ:PLTR traded down $1.78 during midday trading on Thursday, hitting $141.35. 39,793,239 shares of the company's stock were exchanged, compared to its average volume of 82,901,376. Palantir Technologies Inc. has a 12 month low of $21.23 and a 12 month high of $148.22. The stock has a 50 day moving average price of $129.92 and a 200-day moving average price of $102.83. The company has a market cap of $333.57 billion, a PE ratio of 614.44, a price-to-earnings-growth ratio of 11.93 and a beta of 2.59.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last posted its quarterly earnings results on Monday, May 5th. The company reported $0.13 EPS for the quarter, hitting analysts' consensus estimates of $0.13. The company 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%. Palantir Technologies's revenue was up 39.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.08 EPS. On average, analysts anticipate that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Insider Buying and Selling at Palantir Technologies

In other news, insider David A. Glazer sold 30,812 shares of the business'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 completion of the transaction, the insider owned 495,497 shares in the company, valued at $62,625,865.83. The trade was a 5.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Stephen Andrew Cohen sold 309,696 shares of the business's 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 sale, the insider directly owned 592 shares of the company's stock, valued at $74,822.88. This represents a 99.81% decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,451,497 shares of company stock worth $186,110,685 over the last quarter. Company insiders own 9.23% of the company's stock.

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.