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

Greenleaf Trust increased its position in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 19.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 94,965 shares of the company's stock after buying an additional 15,426 shares during the quarter. Greenleaf Trust's holdings in Palantir Technologies were worth $8,015,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in PLTR. New Insight Wealth Advisors raised its stake in shares of Palantir Technologies by 9.1% during the first quarter. New Insight Wealth Advisors now owns 3,211 shares of the company's stock valued at $271,000 after acquiring an additional 268 shares during the last quarter. OMNI 360 Wealth Inc. acquired a new position in Palantir Technologies during the 1st quarter worth about $273,000. Personal CFO Solutions LLC lifted its holdings in Palantir Technologies by 2.3% during the 1st quarter. Personal CFO Solutions LLC now owns 10,145 shares of the company's stock worth $856,000 after buying an additional 225 shares during the period. AlphaStar Capital Management LLC grew its position in shares of Palantir Technologies by 55.3% in the 1st quarter. AlphaStar Capital Management LLC now owns 23,516 shares of the company's stock valued at $1,985,000 after buying an additional 8,376 shares during the last quarter. Finally, Valeo Financial Advisors LLC raised its position in shares of Palantir Technologies by 0.3% during the first quarter. Valeo Financial Advisors LLC now owns 46,324 shares of the company's stock worth $3,910,000 after acquiring an additional 157 shares during the last quarter. Institutional investors own 45.65% of the company's stock.

Insider Activity at Palantir Technologies

In other Palantir Technologies news, insider Shyam Sankar sold 405,000 shares of the company's stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $132.08, for a total value of $53,492,400.00. Following the sale, the insider owned 702,786 shares in the company, valued at approximately $92,823,974.88. This represents a 36.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Stephen Andrew Cohen sold 309,696 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 $39,142,477.44. Following the sale, the insider owned 592 shares in the company, valued at approximately $74,822.88. The trade was a 99.81% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,451,497 shares of company stock worth $186,110,685 over the last 90 days. 12.93% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

PLTR has been the subject of a number of recent analyst reports. Loop Capital set a $155.00 target price on shares of Palantir Technologies and gave the company a "buy" rating in a research report on Thursday, June 12th. Daiwa America upgraded shares of Palantir Technologies to a "hold" rating in a research report on Tuesday, April 1st. Mizuho boosted their target price on shares of Palantir Technologies from $94.00 to $116.00 and gave the company an "underperform" rating in a report on Wednesday, June 11th. Daiwa Capital Markets began coverage on Palantir Technologies in a report on Tuesday, April 1st. They set a "neutral" rating and a $90.00 price target for the company. Finally, Wedbush set a $140.00 price objective on Palantir Technologies and gave the company an "outperform" rating in a research note on Tuesday, May 6th. Five research analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Palantir Technologies presently has an average rating of "Hold" and an average target price of $89.32.

Palantir Technologies Stock Performance

Shares of NASDAQ PLTR traded up $3.42 during midday trading on Wednesday, hitting $143.13. 68,255,104 shares of the company traded hands, compared to its average volume of 82,949,664. 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 $129.43 and a 200 day moving average price of $102.55. The firm has a market cap of $337.77 billion, a P/E ratio of 622.30, a P/E/G ratio of 11.88 and a beta of 2.59.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last announced its 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. Palantir Technologies had a return on equity of 6.55% and a net margin of 18.32%. The firm had revenue of $883.86 million during the quarter, compared to analyst estimates of $863.89 million. During the same quarter in the prior year, the company earned $0.08 EPS. The business's revenue was up 39.4% compared to the same quarter last year. As a group, equities analysts expect that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

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.