40,000 Shares in Palantir Technologies Inc. (NASDAQ:PLTR) Purchased by PKO Investment Management Joint Stock Co

PKO Investment Management Joint Stock Co purchased a new position in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm purchased 40,000 shares of the company's stock, valued at approximately $3,376,000.

Several other institutional investors have also made changes to their positions in the business. Tallon Kerry Patrick bought a new position in shares of Palantir Technologies in the fourth quarter worth about $289,000. Union Bancaire Privee UBP SA bought a new stake in shares of Palantir Technologies during the fourth quarter worth approximately $15,177,000. Revolve Wealth Partners LLC bought a new stake in shares of Palantir Technologies during the fourth quarter worth approximately $450,000. Allspring Global Investments Holdings LLC raised its stake in shares of Palantir Technologies by 46.1% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 178,499 shares of the company's stock worth $13,421,000 after buying an additional 56,299 shares during the last quarter. Finally, Roxbury Financial LLC bought a new stake in shares of Palantir Technologies during the fourth quarter worth approximately $27,000. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Palantir Technologies news, Director Lauren Elaina Friedman Stat sold 800 shares of the firm's stock in a transaction on Thursday, April 3rd. The stock was sold at an average price of $81.25, for a total transaction of $65,000.00. Following the completion of the transaction, the director now owns 61,339 shares of the company's stock, valued at approximately $4,983,793.75. This trade represents a 1.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Ryan D. Taylor sold 98,177 shares of the firm's stock in a transaction on Monday, March 31st. The shares were sold at an average price of $82.80, for a total value of $8,129,055.60. Following the transaction, the insider now directly owns 403,171 shares of the company's stock, valued at $33,382,558.80. This represents a 19.58% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,506,925 shares of company stock worth $188,456,658. Insiders own 9.23% of the company's stock.

Palantir Technologies Stock Up 1.3%

Palantir Technologies stock traded up $1.76 during midday trading on Wednesday, reaching $139.96. The stock had a trading volume of 58,100,428 shares, compared to its average volume of 81,096,948. Palantir Technologies Inc. has a 12 month low of $21.23 and a 12 month high of $144.86. The firm's 50-day moving average price is $117.68 and its 200 day moving average price is $95.83. The firm has a market capitalization of $330.29 billion, a PE ratio of 608.52, a P/E/G ratio of 11.66 and a beta of 2.64.

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 for the quarter, meeting the consensus estimate of $0.13. Palantir Technologies had a return on equity of 6.55% and a net margin of 18.32%. The firm had revenue of $883.86 million for the quarter, compared to analysts' expectations of $863.89 million. During the same period in the prior year, the business posted $0.08 earnings per share. The company's revenue was up 39.4% on a year-over-year basis. Equities research analysts expect that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a "sell" rating on shares of Palantir Technologies in a research note on Tuesday, May 6th. The Goldman Sachs Group increased their target price on shares of Palantir Technologies from $80.00 to $90.00 and gave the stock a "neutral" rating in a report on Tuesday, May 6th. Royal Bank Of Canada restated an "underperform" rating on shares of Palantir Technologies in a report on Tuesday, May 6th. Morgan Stanley increased their price target on shares of Palantir Technologies from $90.00 to $98.00 and gave the company an "equal weight" rating in a research note on Tuesday, May 6th. Finally, Mizuho increased their price objective on shares of Palantir Technologies from $94.00 to $116.00 and gave the company an "underperform" rating in a research report on Wednesday, June 11th. Five investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $89.32.

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.