Moody National Bank Trust Division Makes New $210,000 Investment in Palantir Technologies Inc. (NASDAQ:PLTR)

Moody National Bank Trust Division purchased a new stake in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,491 shares of the company's stock, valued at approximately $210,000.

A number of other institutional investors have also recently modified their holdings of the business. Norges Bank acquired a new position in shares of Palantir Technologies in the fourth quarter worth about $1,360,191,000. Geode Capital Management LLC lifted its position in shares of Palantir Technologies by 8.6% during the 4th quarter. Geode Capital Management LLC now owns 52,074,232 shares of the company's stock valued at $3,929,401,000 after acquiring an additional 4,127,306 shares during the last quarter. Wellington Management Group LLP raised its holdings in shares of Palantir Technologies by 504.0% during the fourth quarter. Wellington Management Group LLP now owns 4,682,230 shares of the company's stock worth $354,117,000 after acquiring an additional 3,907,022 shares in the last quarter. Invesco Ltd. raised its holdings in shares of Palantir Technologies by 31.2% during the fourth quarter. Invesco Ltd. now owns 14,748,240 shares of the company's stock worth $1,115,409,000 after acquiring an additional 3,509,311 shares in the last quarter. Finally, Capital World Investors acquired a new position in Palantir Technologies during the fourth quarter worth $253,816,000. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on PLTR shares. William Blair set a $84.00 price target on shares of Palantir Technologies in a report on Wednesday, March 5th. Cantor Fitzgerald increased their price target on shares of Palantir Technologies from $98.00 to $110.00 and gave the company a "neutral" rating in a 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. Mizuho raised their target price on shares of Palantir Technologies from $80.00 to $94.00 and gave the company an "underperform" rating in a research report on Tuesday, May 6th. Finally, Deutsche Bank Aktiengesellschaft restated a "sell" rating on shares of Palantir Technologies in a research report on Tuesday, May 6th. Five 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's stock. According to MarketBeat, Palantir Technologies currently has a consensus rating of "Hold" and an average target price of $83.95.

Palantir Technologies Stock Down 7.8%

Shares of PLTR traded down $10.10 during trading on Thursday, reaching $119.91. 130,949,256 shares of the company traded hands, compared to its average volume of 79,782,851. Palantir Technologies Inc. has a twelve month low of $21.23 and a twelve month high of $135.28. The stock has a market cap of $282.98 billion, a PE ratio of 631.14, a price-to-earnings-growth ratio of 10.84 and a beta of 2.64. The stock has a 50-day simple moving average of $109.15 and a 200-day simple moving average of $91.71.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last issued its earnings results on Monday, May 5th. The company reported $0.13 EPS for the quarter, hitting analysts' consensus estimates of $0.13. Palantir Technologies had a net margin of 16.13% and a return on equity of 6.85%. The firm had revenue of $883.86 million during the quarter, compared to the consensus estimate of $863.89 million. During the same quarter in the previous year, the firm posted $0.08 earnings per share. The company's revenue was up 39.4% compared to the same quarter last year. On average, equities research analysts predict that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Insider Buying and Selling

In other news, insider Stephen Andrew Cohen sold 1,250,000 shares of the firm's stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $82.75, for a total value of $103,437,500.00. Following the transaction, the insider now directly owns 592 shares in the company, valued at approximately $48,988. This trade represents a 99.95% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Ryan D. Taylor sold 3,936 shares of the business's stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $125.97, for a total transaction of $495,817.92. Following the transaction, the insider now directly owns 363,755 shares of the company's stock, valued at approximately $45,822,217.35. This trade represents a 1.07% decrease in their position. The disclosure for this sale can be found here. Insiders sold 3,894,925 shares of company stock valued at $369,820,528 over the last ninety days. Corporate insiders own 9.23% of the company's stock.

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.