Palantir Technologies Inc. (NASDAQ:PLTR) Shares Acquired by Ibex Wealth Advisors

Ibex Wealth Advisors increased its holdings in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 5.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 186,339 shares of the company's stock after acquiring an additional 8,938 shares during the quarter. Palantir Technologies makes up about 2.1% of Ibex Wealth Advisors' holdings, making the stock its 11th biggest position. Ibex Wealth Advisors' holdings in Palantir Technologies were worth $15,727,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of PLTR. Norges Bank acquired a new position in Palantir Technologies in the fourth quarter valued at $1,360,191,000. Geode Capital Management LLC boosted its stake in shares of Palantir Technologies by 8.6% during the fourth quarter. Geode Capital Management LLC now owns 52,074,232 shares of the company's stock worth $3,929,401,000 after buying an additional 4,127,306 shares during the period. Wellington Management Group LLP grew 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 buying an additional 3,907,022 shares during the last quarter. Invesco Ltd. grew 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 buying an additional 3,509,311 shares during the last quarter. Finally, Capital World Investors acquired a new position in Palantir Technologies in the 4th quarter valued at about $253,816,000. Hedge funds and other institutional investors own 45.65% of the company's stock.

Analyst Ratings Changes

A number of research firms have weighed in on PLTR. Cantor Fitzgerald increased their price objective on Palantir Technologies from $98.00 to $110.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 6th. Mizuho upped their price target on Palantir Technologies from $94.00 to $116.00 and gave the stock an "underperform" rating in a research note on Wednesday. Royal Bank of Canada reiterated an "underperform" rating on shares of Palantir Technologies in a research report on Tuesday, May 6th. DA Davidson boosted their price objective on shares of Palantir Technologies from $100.00 to $115.00 and gave the company a "neutral" rating in a research note on Tuesday, May 6th. Finally, Morgan Stanley upped their price objective on shares of Palantir Technologies from $90.00 to $98.00 and gave the stock an "equal weight" rating in a research report on Tuesday, May 6th. Five equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $86.30.

Palantir Technologies Stock Performance

PLTR traded up $2.21 on Friday, hitting $137.40. 93,318,005 shares of the company were exchanged, compared to its average volume of 80,799,461. Palantir Technologies Inc. has a fifty-two week low of $21.23 and a fifty-two week high of $140.00. The firm has a market capitalization of $324.25 billion, a P/E ratio of 723.20, a price-to-earnings-growth ratio of 10.84 and a beta of 2.64. The business's fifty day moving average is $115.48 and its 200 day moving average is $94.61.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last announced its quarterly earnings results on Monday, May 5th. The company reported $0.13 EPS for the quarter, hitting the consensus estimate of $0.13. Palantir Technologies had a return on equity of 6.85% and a net margin of 16.13%. The business had revenue of $883.86 million for the quarter, compared to analyst estimates of $863.89 million. During the same quarter in the previous year, the company earned $0.08 EPS. The company's quarterly revenue was up 39.4% on a year-over-year basis. Analysts forecast that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Eric H. Woersching sold 17,000 shares of the firm's stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $129.29, for a total transaction of $2,197,930.00. Following the completion of the transaction, the director now directly owns 12,562 shares of the company's stock, valued at $1,624,140.98. This trade represents a 57.51% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Shyam Sankar sold 405,000 shares of Palantir Technologies stock in a transaction that occurred on 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 transaction, the insider now owns 702,786 shares of the company's stock, valued at $92,823,974.88. This represents a 36.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,816,925 shares of company stock worth $215,448,358. 9.23% of the stock is owned by corporate insiders.

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.