Penserra Capital Management LLC Buys 28,374 Shares of Palantir Technologies Inc. (NASDAQ:PLTR)

Penserra Capital Management LLC lifted its holdings in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 14.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 225,698 shares of the company's stock after purchasing an additional 28,374 shares during the period. Penserra Capital Management LLC's holdings in Palantir Technologies were worth $19,047,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of PLTR. Richardson Capital Management LLC purchased a new position in shares of Palantir Technologies during the first quarter valued at $33,000. Atlantic Edge Private Wealth Management LLC increased its holdings in shares of Palantir Technologies by 45.5% in the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 400 shares of the company's stock valued at $34,000 after purchasing an additional 125 shares during the period. Godsey & Gibb Inc. lifted its position in shares of Palantir Technologies by 740.0% in the first quarter. Godsey & Gibb Inc. now owns 420 shares of the company's stock worth $35,000 after purchasing an additional 370 shares in the last quarter. Arlington Trust Co LLC boosted its holdings in shares of Palantir Technologies by 542.9% during the first quarter. Arlington Trust Co LLC now owns 450 shares of the company's stock worth $38,000 after purchasing an additional 380 shares during the period. Finally, Summit Securities Group LLC purchased a new position in Palantir Technologies during the fourth quarter valued at approximately $34,000. Institutional investors and hedge funds own 45.65% of the company's stock.

Analyst Ratings Changes

A number of research analysts have commented on PLTR shares. DA Davidson boosted their target price on Palantir Technologies from $100.00 to $115.00 and gave the company a "neutral" rating in a research note on Tuesday, May 6th. Deutsche Bank Aktiengesellschaft reissued a "sell" rating on shares of Palantir Technologies in a research report on Tuesday, May 6th. Daiwa Capital Markets assumed coverage on shares of Palantir Technologies in a research note on Tuesday, April 1st. They set a "neutral" rating and a $90.00 price target on the stock. Loop Capital set a $155.00 price target on shares of Palantir Technologies and gave the company a "buy" rating in a report on Thursday, June 12th. Finally, Daiwa America upgraded Palantir Technologies to a "hold" rating in a report on Tuesday, April 1st. Five 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's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $89.32.

Palantir Technologies Stock Performance

Shares of Palantir Technologies stock traded up $4.76 during trading on Monday, reaching $139.12. 71,672,412 shares of the company's stock were exchanged, compared to its average volume of 83,007,080. Palantir Technologies Inc. has a 1-year low of $21.23 and a 1-year high of $148.22. The company has a market cap of $328.31 billion, a P/E ratio of 604.87, a PEG ratio of 11.47 and a beta of 2.59. The firm's 50-day moving average price is $128.47 and its 200 day moving average price is $101.88.

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 the consensus estimate of $0.13. Palantir Technologies had a net margin of 18.32% and a return on equity of 6.55%. 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 previous year, the firm posted $0.08 EPS. The firm's revenue was up 39.4% on a year-over-year basis. As a group, equities research analysts predict that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Insider Buying and Selling at Palantir Technologies

In other news, insider Alexander C. Karp sold 358,982 shares of the stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $126.39, for a total value of $45,371,734.98. Following the completion of the sale, the insider owned 6,432,258 shares of the company's stock, valued at approximately $812,973,088.62. This represents a 5.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Shyam Sankar sold 405,000 shares of the company's stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $132.08, for a total transaction of $53,492,400.00. Following the completion of the sale, the insider directly owned 702,786 shares in the company, valued at approximately $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. Insiders sold 1,451,497 shares of company stock worth $186,110,685 over the last 90 days. Company insiders own 12.93% of the company's stock.

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.