Palantir Technologies Inc. (NASDAQ:PLTR) Shares Acquired by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 17.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 793,703 shares of the company's stock after acquiring an additional 119,575 shares during the period. Mirae Asset Global Investments Co. Ltd.'s holdings in Palantir Technologies were worth $67,400,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Cavalier Investments LLC acquired a new position in shares of Palantir Technologies in the first quarter valued at approximately $3,697,000. Money Concepts Capital Corp grew its holdings in shares of Palantir Technologies by 8.6% in the first quarter. Money Concepts Capital Corp now owns 51,276 shares of the company's stock valued at $4,328,000 after purchasing an additional 4,082 shares in the last quarter. Paragon Capital Management Inc. acquired a new position in shares of Palantir Technologies in the first quarter valued at approximately $463,000. Jaffetilchin Investment Partners LLC grew its holdings in shares of Palantir Technologies by 2.0% in the first quarter. Jaffetilchin Investment Partners LLC now owns 35,688 shares of the company's stock valued at $3,012,000 after purchasing an additional 708 shares in the last quarter. Finally, Bartlett & CO. Wealth Management LLC grew its holdings in shares of Palantir Technologies by 45.8% in the first quarter. Bartlett & CO. Wealth Management LLC now owns 1,239 shares of the company's stock valued at $105,000 after purchasing an additional 389 shares in the last quarter. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have commented on the stock. DA Davidson boosted their price target on shares of Palantir Technologies from $100.00 to $115.00 and gave the stock a "neutral" rating in a report on Tuesday, May 6th. Wedbush set a $140.00 price objective on shares of Palantir Technologies and gave the stock an "outperform" rating in a research report on Tuesday, May 6th. Royal Bank Of Canada reaffirmed an "underperform" rating on shares of Palantir Technologies in a report on Tuesday, May 6th. Deutsche Bank Aktiengesellschaft reissued a "sell" rating on shares of Palantir Technologies in a research note on Tuesday, May 6th. Finally, Daiwa America raised shares of Palantir Technologies to a "hold" rating in a research note on Tuesday, April 1st. Five equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Palantir Technologies has an average rating of "Hold" and an average price target of $89.32.

Insiders Place Their Bets

In other Palantir Technologies news, insider Stephen Andrew Cohen sold 309,696 shares of the firm's stock in a transaction dated 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 now directly owns 592 shares of the company's stock, valued at $74,822.88. This trade represents a 99.81% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Alexander C. Karp sold 358,982 shares of the firm's stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $126.39, for a total transaction of $45,371,734.98. Following the sale, the insider now directly owns 6,432,258 shares in the company, valued at $812,973,088.62. This represents a 5.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,506,925 shares of company stock valued at $188,456,658 in the last ninety days. Insiders own 9.23% of the company's stock.

Palantir Technologies Price Performance

PLTR traded down $13.51 during midday trading on Friday, reaching $130.74. 200,764,922 shares of the company's stock were exchanged, compared to its average volume of 82,409,392. The stock has a market capitalization of $308.53 billion, a PE ratio of 568.43, a P/E/G ratio of 11.16 and a beta of 2.64. The business's 50-day moving average price is $125.24 and its 200 day moving average price is $99.62. Palantir Technologies Inc. has a 1-year low of $21.23 and a 1-year high of $148.22.

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 analysts' consensus estimates of $0.13. The company had revenue of $883.86 million during 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%. The firm's quarterly revenue was up 39.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.08 earnings per share. As a group, analysts expect that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal 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.