Palantir Technologies Inc. (NASDAQ:PLTR) Shares Bought by GenTrust LLC

GenTrust LLC grew its stake in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 25.9% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 46,185 shares of the company's stock after acquiring an additional 9,510 shares during the period. GenTrust LLC's holdings in Palantir Technologies were worth $3,898,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in PLTR. Geode Capital Management LLC increased its stake in Palantir Technologies by 8.6% during the 4th 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. Northern Trust Corp increased its stake in Palantir Technologies by 20.4% during the 4th quarter. Northern Trust Corp now owns 19,488,465 shares of the company's stock worth $1,473,913,000 after buying an additional 3,299,779 shares during the period. Norges Bank purchased a new stake in Palantir Technologies during the 4th quarter worth approximately $1,360,191,000. FMR LLC increased its stake in Palantir Technologies by 22.6% during the 4th quarter. FMR LLC now owns 15,296,371 shares of the company's stock worth $1,156,864,000 after buying an additional 2,818,090 shares during the period. Finally, Invesco Ltd. increased its stake in Palantir Technologies by 31.2% during the 4th 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 period. 45.65% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Lauren Elaina Friedman Stat sold 800 shares of the firm's stock in a transaction 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 completion of the sale, the director now owns 61,339 shares in the company, valued at approximately $4,983,793.75. This trade represents a 1.29% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Ryan D. Taylor sold 98,177 shares of the firm's stock in a transaction on Monday, March 31st. The stock was sold at an average price of $82.80, for a total transaction of $8,129,055.60. Following the completion of the sale, the insider now owns 403,171 shares of the company's stock, valued at $33,382,558.80. This trade represents a 19.58% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,506,925 shares of company stock valued at $188,456,658. Insiders own 9.23% of the company's stock.

Wall Street Analysts Forecast Growth

PLTR has been the topic of several recent research reports. DA Davidson upped their target price on shares of Palantir Technologies from $100.00 to $115.00 and gave the stock a "neutral" 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. William Blair set a $84.00 price target on shares of Palantir Technologies in a report on Wednesday, March 5th. Cantor Fitzgerald boosted their price target on shares of Palantir Technologies from $98.00 to $110.00 and gave the stock a "neutral" rating in a report on Tuesday, May 6th. Finally, UBS Group reiterated a "positive" rating on shares of Palantir Technologies in a report on Wednesday. Five investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $89.32.

Palantir Technologies Price Performance

Shares of Palantir Technologies stock traded down $13.51 during trading hours on Friday, hitting $130.74. The company had a trading volume of 200,764,922 shares, compared to its average volume of 82,235,403. The company's 50-day moving average is $125.24 and its two-hundred day moving average is $99.44. Palantir Technologies Inc. has a twelve month low of $21.23 and a twelve month high of $148.22. The company has a market cap of $308.53 billion, a P/E ratio of 568.43, a price-to-earnings-growth ratio of 12.31 and a beta of 2.64.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last issued 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. Palantir Technologies had a net margin of 18.32% and a return on equity of 6.55%. The business had revenue of $883.86 million during the quarter, compared to analysts' expectations of $863.89 million. During the same quarter in the prior year, the business posted $0.08 EPS. The company's revenue for the quarter was up 39.4% on a year-over-year basis. Sell-side analysts expect that Palantir Technologies Inc. will post 0.31 EPS for the current year.

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.