Palantir Technologies Inc. (NASDAQ:PLTR) Shares Bought by New York State Common Retirement Fund

New York State Common Retirement Fund boosted its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 2.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,077,741 shares of the company's stock after buying an additional 25,200 shares during the period. New York State Common Retirement Fund's holdings in Palantir Technologies were worth $90,961,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Platform Technology Partners boosted its stake in Palantir Technologies by 30.4% during the first quarter. Platform Technology Partners now owns 7,014 shares of the company's stock valued at $592,000 after buying an additional 1,637 shares during the last quarter. Arizona State Retirement System lifted its stake in shares of Palantir Technologies by 4.9% in the 1st quarter. Arizona State Retirement System now owns 617,653 shares of the company's stock valued at $52,130,000 after purchasing an additional 28,847 shares during the last quarter. Realta Investment Advisors lifted its stake in shares of Palantir Technologies by 80.4% in the 1st quarter. Realta Investment Advisors now owns 25,300 shares of the company's stock valued at $2,135,000 after purchasing an additional 11,272 shares during the last quarter. Mathes Company Inc. bought a new stake in shares of Palantir Technologies in the 1st quarter valued at approximately $211,000. Finally, Kathmere Capital Management LLC lifted its stake in shares of Palantir Technologies by 0.5% in the 1st quarter. Kathmere Capital Management LLC now owns 18,145 shares of the company's stock valued at $1,531,000 after purchasing an additional 99 shares during the last quarter. 45.65% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, insider Shyam Sankar sold 405,000 shares of Palantir Technologies stock in a transaction 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 directly owned 702,786 shares in the company, valued at approximately $92,823,974.88. This trade represents a 36.56% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Ryan D. Taylor sold 35,480 shares of the business's stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $126.39, for a total value of $4,484,317.20. Following the transaction, the insider owned 367,691 shares in the company, valued at approximately $46,472,465.49. This trade represents a 8.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 1,452,297 shares of company stock worth $186,222,373. Insiders own 12.93% of the company's stock.

Palantir Technologies Trading Up 0.5%

Shares of NASDAQ:PLTR traded up $0.81 on Tuesday, reaching $149.96. The company had a trading volume of 28,093,396 shares, compared to its average volume of 83,109,416. Palantir Technologies Inc. has a 52-week low of $21.23 and a 52-week high of $150.57. The firm's 50 day simple moving average is $131.31 and its 200-day simple moving average is $104.45. The firm has a market capitalization of $353.89 billion, a PE ratio of 652.32, a PEG ratio of 12.13 and a beta of 2.59.

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

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on PLTR shares. Cantor Fitzgerald raised their price objective on Palantir Technologies from $98.00 to $110.00 and gave the company a "neutral" rating in a research note on Tuesday, May 6th. Morgan Stanley raised their price objective on Palantir Technologies from $90.00 to $98.00 and gave the company an "equal weight" rating in a research note on Tuesday, May 6th. Royal Bank Of Canada reaffirmed an "underperform" rating on shares of Palantir Technologies in a research note on Tuesday, May 6th. Citigroup raised their price objective on Palantir Technologies from $110.00 to $115.00 and gave the company a "neutral" rating in a research note on Thursday, May 8th. Finally, The Goldman Sachs Group increased their price target on Palantir Technologies from $80.00 to $90.00 and gave the stock a "neutral" rating in a report on Tuesday, May 6th. Five equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Palantir Technologies presently has an average rating of "Hold" and a consensus target price of $90.37.

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.