Palantir Technologies Inc. (NASDAQ:PLTR) Shares Bought by Chapin Davis Inc.

Chapin Davis Inc. grew its holdings in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 1,081.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 82,699 shares of the company's stock after purchasing an additional 75,699 shares during the period. Palantir Technologies comprises 2.4% of Chapin Davis Inc.'s portfolio, making the stock its 7th largest holding. Chapin Davis Inc.'s holdings in Palantir Technologies were worth $6,980,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. First Command Advisory Services Inc. acquired a new stake in Palantir Technologies during the fourth quarter worth approximately $34,000. Summit Securities Group LLC bought a new position in Palantir Technologies during the 4th quarter valued at approximately $34,000. Fairfield Financial Advisors LTD bought a new position in Palantir Technologies during the 4th quarter valued at approximately $35,000. Godsey & Gibb Inc. boosted its stake in shares of Palantir Technologies by 740.0% in the 1st quarter. Godsey & Gibb Inc. now owns 420 shares of the company's stock worth $35,000 after buying an additional 370 shares during the last quarter. Finally, Runnymede Capital Advisors Inc. purchased a new position in Palantir Technologies during the fourth quarter valued at $36,000. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have issued reports on PLTR shares. Mizuho increased their target price on Palantir Technologies from $94.00 to $116.00 and gave the company an "underperform" rating in a research report on Wednesday, June 11th. Daiwa Capital Markets initiated coverage on Palantir Technologies in a report on Tuesday, April 1st. They issued a "neutral" rating and a $90.00 price objective on the stock. Deutsche Bank Aktiengesellschaft reiterated a "sell" rating on shares of Palantir Technologies in a research note on Tuesday, May 6th. William Blair set a $84.00 price target on Palantir Technologies in a report on Wednesday, March 5th. Finally, Morgan Stanley upped their target price 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. Five research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $89.32.

Insiders Place Their Bets

In other news, Director Lauren Elaina Friedman Stat sold 800 shares of the business's stock in a transaction that occurred on Thursday, April 3rd. The shares were sold at an average price of $81.25, for a total value of $65,000.00. Following the sale, the director now directly owns 61,339 shares of the company's stock, valued at approximately $4,983,793.75. The trade was a 1.29% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Shyam Sankar sold 405,000 shares of the stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of $132.08, for a total transaction of $53,492,400.00. Following the sale, the insider now owns 702,786 shares of the company's stock, valued at approximately $92,823,974.88. This represents a 36.56% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,506,925 shares of company stock worth $188,456,658 in the last three months. Corporate insiders own 12.93% of the company's stock.

Palantir Technologies Price Performance

NASDAQ:PLTR opened at $137.30 on Monday. The stock's fifty day moving average price is $120.65 and its two-hundred day moving average price is $97.46. Palantir Technologies Inc. has a 1 year low of $21.23 and a 1 year high of $144.86. The company has a market cap of $324.02 billion, a P/E ratio of 596.96, a P/E/G ratio of 11.72 and a beta of 2.64.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last released its earnings results on Monday, May 5th. The company reported $0.13 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.13. The firm had revenue of $883.86 million during the quarter, compared to analyst estimates of $863.89 million. Palantir Technologies had a net margin of 18.32% and a return on equity of 6.55%. The business's revenue was up 39.4% on a year-over-year basis. During the same period last year, the business earned $0.08 earnings per share. On average, analysts expect that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

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.

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