Palantir Technologies Inc. (NASDAQ:PLTR) Shares Sold by Achmea Investment Management B.V.

Achmea Investment Management B.V. lowered its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 18.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 145,948 shares of the company's stock after selling 33,568 shares during the quarter. Achmea Investment Management B.V.'s holdings in Palantir Technologies were worth $12,318,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Assenagon Asset Management S.A. raised its position in Palantir Technologies by 15.0% in the 1st quarter. Assenagon Asset Management S.A. now owns 49,651 shares of the company's stock worth $4,191,000 after purchasing an additional 6,479 shares during the period. Pitcairn Co. bought a new position in shares of Palantir Technologies during the fourth quarter valued at approximately $281,000. Sagespring Wealth Partners LLC grew its holdings in Palantir Technologies by 36.3% during the 1st quarter. Sagespring Wealth Partners LLC now owns 24,054 shares of the company's stock worth $2,030,000 after acquiring an additional 6,405 shares in the last quarter. KLP Kapitalforvaltning AS bought a new position in shares of Palantir Technologies during the fourth quarter valued at approximately $52,033,000. Finally, CX Institutional bought a new stake in Palantir Technologies during the 1st quarter valued at $62,000. Institutional investors own 45.65% of the company's stock.

Palantir Technologies Trading Down 9.4%

NASDAQ PLTR traded down $13.51 on Friday, hitting $130.74. 200,764,922 shares of the company's stock traded hands, compared to its average volume of 82,409,392. The firm has a market capitalization of $308.53 billion, a PE ratio of 568.43, a P/E/G ratio of 11.16 and a beta of 2.64. The firm's 50-day moving average price is $125.24 and its two-hundred day moving average price is $99.62. Palantir Technologies Inc. has a 1-year low of $21.23 and a 1-year high of $148.22.

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

Analysts Set New Price Targets

PLTR has been the topic of several recent research reports. Morgan Stanley increased their target price on Palantir Technologies from $90.00 to $98.00 and gave the company an "equal weight" rating in a research report on Tuesday, May 6th. Daiwa America upgraded shares of Palantir Technologies to a "hold" rating in a report on Tuesday, April 1st. UBS Group restated a "positive" rating on shares of Palantir Technologies in a report on Wednesday. Cantor Fitzgerald raised their target price on shares of Palantir Technologies from $98.00 to $110.00 and gave the company a "neutral" rating in a research note on Tuesday, May 6th. Finally, Royal Bank Of Canada restated an "underperform" rating on shares of Palantir Technologies in a research note on Tuesday, May 6th. Five analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Palantir Technologies has a consensus rating of "Hold" and a consensus price target of $89.32.

Insider Buying and Selling at Palantir Technologies

In related news, insider Ryan D. Taylor sold 98,177 shares of the company's stock in a transaction dated Monday, March 31st. The stock was sold at an average price of $82.80, for a total value of $8,129,055.60. Following the completion of the transaction, the insider now owns 403,171 shares of the company's stock, valued at approximately $33,382,558.80. This represents a 19.58% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Shyam Sankar sold 405,000 shares of the company's stock in a transaction that occurred 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 now directly owns 702,786 shares of the company's stock, valued at approximately $92,823,974.88. The trade was a 36.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,506,925 shares of company stock valued at $188,456,658. 9.23% of the stock is owned by company insiders.

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.