Palantir Technologies Inc. (NASDAQ:PLTR) Shares Acquired by Victory Capital Management Inc.

Victory Capital Management Inc. lifted its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 7.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,836,547 shares of the company's stock after acquiring an additional 131,137 shares during the period. Victory Capital Management Inc. owned 0.08% of Palantir Technologies worth $155,005,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Revolve Wealth Partners LLC purchased a new position in Palantir Technologies during the fourth quarter worth about $450,000. Proficio Capital Partners LLC purchased a new position in Palantir Technologies during the fourth quarter worth about $522,000. Natixis Advisors LLC lifted its position in Palantir Technologies by 266.6% during the fourth quarter. Natixis Advisors LLC now owns 200,683 shares of the company's stock worth $15,178,000 after buying an additional 145,941 shares during the period. Envestnet Portfolio Solutions Inc. lifted its position in Palantir Technologies by 17.4% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 26,829 shares of the company's stock worth $2,029,000 after buying an additional 3,973 shares during the period. Finally, PDS Planning Inc purchased a new position in Palantir Technologies during the fourth quarter worth about $463,000. Institutional investors and hedge funds own 45.65% of the company's stock.

Insider Buying and Selling at Palantir Technologies

In other news, Director Lauren Elaina Friedman Stat sold 800 shares of the business's stock in a transaction that occurred on Wednesday, July 9th. The stock was sold at an average price of $139.61, for a total value of $111,688.00. Following the completion of the sale, the director directly owned 62,887 shares in the company, valued at approximately $8,779,654.07. The trade was a 1.26% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Ryan D. Taylor sold 33,335 shares of the business's stock in a transaction that occurred on Tuesday, July 15th. The shares were sold at an average price of $150.00, for a total value of $5,000,250.00. Following the completion of the sale, the insider owned 363,755 shares of the company's stock, valued at $54,563,250. This trade represents a 8.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,485,632 shares of company stock valued at $191,222,623. Corporate insiders own 9.23% of the company's stock.

Analysts Set New Price Targets

Several research firms recently weighed in on PLTR. Daiwa America upgraded Palantir Technologies to a "hold" rating in a research report on Tuesday, April 1st. DA Davidson increased their target price on Palantir Technologies from $100.00 to $115.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 6th. Royal Bank Of Canada reiterated an "underperform" rating on shares of Palantir Technologies in a research report on Tuesday, May 6th. Citigroup increased their target price on Palantir Technologies from $110.00 to $115.00 and gave the stock a "neutral" rating in a research report on Thursday, May 8th. Finally, Daiwa Capital Markets began coverage on Palantir Technologies in a research report on Tuesday, April 1st. They set a "neutral" rating and a $90.00 target price on the stock. Four analysts have rated the stock with a sell rating, fifteen have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $91.37.

Palantir Technologies Stock Performance

Shares of PLTR stock traded down $0.47 during trading hours on Friday, reaching $153.52. The company had a trading volume of 45,658,247 shares, compared to its average volume of 83,262,756. Palantir Technologies Inc. has a twelve month low of $21.23 and a twelve month high of $155.68. The company has a market capitalization of $362.29 billion, a P/E ratio of 667.48, a price-to-earnings-growth ratio of 12.88 and a beta of 2.59. The stock's fifty day simple moving average is $133.61 and its 200 day simple moving average is $105.61.

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, 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 company had revenue of $883.86 million for the quarter, compared to analyst estimates of $863.89 million. During the same period in the prior year, the company posted $0.08 EPS. Palantir Technologies's quarterly revenue was up 39.4% on a year-over-year basis. As a group, equities analysts expect that Palantir Technologies Inc. will post 0.31 earnings per share for the current 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.