Palantir Technologies Inc. (NASDAQ:PLTR) Shares Acquired by Headlands Technologies LLC

Key Points

• Headlands Technologies LLC increased its holdings in Palantir Technologies Inc. by 146.5%, acquiring an additional 46,815 shares and bringing its total to 78,773 shares, valued at approximately $6.65 million.
• Palantir reported earnings of $0.16 EPS for the last quarter, surpassing analysts' expectations of $0.14, with a year-over-year revenue growth of 48%.
• Institutional investors now own 45.65% of Palantir's stock, reflecting increasing interest from various hedge funds and asset managers in the company.

Headlands Technologies LLC grew its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 146.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 78,773 shares of the company's stock after purchasing an additional 46,815 shares during the quarter. Palantir Technologies makes up about 0.8% of Headlands Technologies LLC's holdings, making the stock its 28th biggest position. Headlands Technologies LLC's holdings in Palantir Technologies were worth $6,648,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Deutsche Bank AG grew its position in shares of Palantir Technologies by 0.4% during the first quarter. Deutsche Bank AG now owns 6,814,280 shares of the company's stock worth $575,125,000 after acquiring an additional 29,055 shares during the last quarter. Chicago Partners Investment Group LLC boosted its stake in Palantir Technologies by 17.7% during the 1st quarter. Chicago Partners Investment Group LLC now owns 22,865 shares of the company's stock worth $1,930,000 after purchasing an additional 3,446 shares during the period. Commonwealth Financial Services LLC purchased a new position in Palantir Technologies during the 1st quarter worth $379,000. Charles Schwab Investment Management Inc. increased its stake in Palantir Technologies by 4.4% in the first quarter. Charles Schwab Investment Management Inc. now owns 13,614,399 shares of the company's stock valued at $1,149,055,000 after purchasing an additional 571,544 shares during the period. Finally, ASR Vermogensbeheer N.V. purchased a new stake in shares of Palantir Technologies in the first quarter valued at about $15,431,000. Institutional investors and hedge funds own 45.65% of the company's stock.

Palantir Technologies Price Performance

PLTR traded up $4.76 during trading on Friday, hitting $186.96. The company's stock had a trading volume of 62,386,781 shares, compared to its average volume of 61,219,692. The stock has a market cap of $441.21 billion, a PE ratio of 623.22, a PEG ratio of 11.57 and a beta of 2.60. The firm's 50 day moving average price is $145.64 and its 200-day moving average price is $115.61. Palantir Technologies Inc. has a twelve month low of $29.10 and a twelve month high of $187.99.

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

Insider Transactions at Palantir Technologies

In related news, insider Ryan D. Taylor sold 35,480 shares of the firm's stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $126.39, for a total value of $4,484,317.20. Following the transaction, the insider owned 367,691 shares in the company, valued at approximately $46,472,465.49. This trade represents a 8.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Shyam Sankar sold 405,000 shares of the stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of $132.08, for a total transaction of $53,492,400.00. Following the completion of the sale, the insider directly owned 702,786 shares of the company's stock, valued at $92,823,974.88. The trade was a 36.56% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,515,632 shares of company stock valued at $196,472,623 in the last ninety days. Company insiders own 9.23% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Citigroup reissued a "neutral" rating and set a $177.00 price target (up previously from $158.00) on shares of Palantir Technologies in a report on Tuesday. UBS Group reissued a "neutral" rating and issued a $165.00 target price (up previously from $110.00) on shares of Palantir Technologies in a report on Tuesday. Morgan Stanley set a $155.00 price target on Palantir Technologies and gave the stock an "equal weight" rating in a report on Tuesday. DA Davidson set a $170.00 price objective on shares of Palantir Technologies and gave the company a "neutral" rating in a research note on Tuesday. Finally, Mizuho upgraded shares of Palantir Technologies from an "underperform" rating to a "neutral" rating and raised their target price for the stock from $116.00 to $135.00 in a research note on Wednesday, July 16th. Two investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, Palantir Technologies presently has a consensus rating of "Hold" and a consensus target price of $136.61.

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.