Palantir Technologies Inc. (NASDAQ:PLTR) Shares Bought by Krane Funds Advisors LLC

Krane Funds Advisors LLC boosted its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 77.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,982 shares of the company's stock after acquiring an additional 3,048 shares during the period. Krane Funds Advisors LLC's holdings in Palantir Technologies were worth $589,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Revolve Wealth Partners LLC acquired a new stake in shares of Palantir Technologies in the 4th quarter worth $450,000. Flputnam Investment Management Co. raised its stake in Palantir Technologies by 3.4% in the fourth quarter. Flputnam Investment Management Co. now owns 8,686 shares of the company's stock valued at $657,000 after buying an additional 287 shares during the last quarter. Fisher Asset Management LLC acquired a new stake in Palantir Technologies in the fourth quarter worth about $647,000. Kohmann Bosshard Financial Services LLC acquired a new stake in Palantir Technologies in the fourth quarter worth about $46,000. Finally, Norden Group LLC purchased a new stake in shares of Palantir Technologies during the fourth quarter worth about $397,000. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently commented on PLTR shares. William Blair set a $84.00 target price on shares of Palantir Technologies in a research note on Wednesday, March 5th. Daiwa America upgraded shares of Palantir Technologies to a "hold" rating in a research note on Tuesday, April 1st. Deutsche Bank Aktiengesellschaft reissued a "sell" rating on shares of Palantir Technologies in a report on Tuesday, May 6th. The Goldman Sachs Group raised their target price on Palantir Technologies from $80.00 to $90.00 and gave the stock a "neutral" rating in a research note on Tuesday, May 6th. Finally, Mizuho upped their price objective 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. Five investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $89.32.

Insider Buying and Selling

In related news, insider Ryan D. Taylor sold 33,335 shares of the firm's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $135.31, for a total value of $4,510,558.85. Following the transaction, the insider directly owned 363,755 shares of the company's stock, valued at approximately $49,219,689.05. This trade represents a 8.39% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Shyam Sankar sold 405,000 shares of Palantir Technologies stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $132.08, for a total value of $53,492,400.00. Following the completion of the sale, the insider owned 702,786 shares in the company, valued at approximately $92,823,974.88. The trade was a 36.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,451,497 shares of company stock worth $186,110,685 in the last 90 days. 9.23% of the stock is owned by insiders.

Palantir Technologies Stock Up 1.6%

Shares of NASDAQ:PLTR traded up $2.15 during trading on Thursday, reaching $134.27. 41,812,483 shares of the company's stock traded hands, compared to its average volume of 82,906,073. Palantir Technologies Inc. has a fifty-two week low of $21.23 and a fifty-two week high of $148.22. The company has a 50-day simple moving average of $128.04 and a 200-day simple moving average of $101.06. The firm has a market cap of $316.85 billion, a PE ratio of 583.76, a P/E/G ratio of 11.28 and a beta of 2.59.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last issued its quarterly earnings data on Monday, May 5th. The company reported $0.13 EPS for the quarter, meeting the consensus estimate of $0.13. The company had revenue of $883.86 million for 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% compared to the same quarter last year. During the same period last year, the company earned $0.08 earnings per share. On average, equities research analysts forecast that Palantir Technologies Inc. will post 0.31 EPS for the current year.

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.