Heartland Bank & Trust Co Has $975,000 Stake in Palantir Technologies Inc. (NASDAQ:PLTR)

Heartland Bank & Trust Co reduced its holdings in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 35.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,551 shares of the company's stock after selling 6,243 shares during the period. Heartland Bank & Trust Co's holdings in Palantir Technologies were worth $975,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of PLTR. Godsey & Gibb Inc. raised its position in shares of Palantir Technologies by 740.0% during the 1st quarter. Godsey & Gibb Inc. now owns 420 shares of the company's stock valued at $35,000 after acquiring an additional 370 shares during the last quarter. First Command Advisory Services Inc. acquired a new stake in shares of Palantir Technologies during the fourth quarter worth $34,000. Summit Securities Group LLC bought a new stake in Palantir Technologies in the fourth quarter valued at about $34,000. Fairfield Financial Advisors LTD acquired a new position in Palantir Technologies in the fourth quarter valued at about $35,000. Finally, Runnymede Capital Advisors Inc. bought a new position in Palantir Technologies during the fourth quarter worth about $36,000. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Palantir Technologies

In other Palantir Technologies news, insider Stephen Andrew Cohen sold 309,696 shares of the stock in a transaction on 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 completion of the sale, the insider now owns 592 shares in the company, valued at $74,822.88. This trade represents a 99.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Shyam Sankar sold 405,000 shares of Palantir Technologies stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $132.08, for a total transaction of $53,492,400.00. Following the completion of the transaction, the insider now directly owns 702,786 shares of the company's stock, valued at approximately $92,823,974.88. This trade represents a 36.56% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,506,925 shares of company stock valued at $188,456,658. 9.23% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Loop Capital set a $155.00 price target on Palantir Technologies and gave the company a "buy" rating in a research note on Thursday, June 12th. UBS Group upped their target price on shares of Palantir Technologies from $105.00 to $110.00 and gave the company a "neutral" rating in a research note on Tuesday, May 6th. DA Davidson lifted their price target on shares of Palantir Technologies from $100.00 to $115.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 6th. Deutsche Bank Aktiengesellschaft reissued a "sell" rating on shares of Palantir Technologies in a report on Tuesday, May 6th. Finally, Cantor Fitzgerald raised their price objective on Palantir Technologies from $98.00 to $110.00 and gave the stock a "neutral" rating in a research note on Tuesday, May 6th. Five research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Palantir Technologies currently has a consensus rating of "Hold" and an average price target of $89.32.

Palantir Technologies Stock Down 1.9%

Shares of PLTR stock opened at $137.30 on Friday. Palantir Technologies Inc. has a 12 month low of $21.23 and a 12 month high of $144.86. The company's fifty day simple moving average is $120.65 and its 200-day simple moving average is $97.28. The firm has a market cap of $324.02 billion, a PE ratio of 596.96, a P/E/G ratio of 11.72 and a beta of 2.64.

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

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.

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