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Principal Financial Group Inc. Has $227.78 Million Holdings in Palantir Technologies Inc. (NASDAQ:PLTR)

Palantir Technologies logo with Computer and Technology background

Principal Financial Group Inc. decreased its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 1.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,698,809 shares of the company's stock after selling 34,157 shares during the period. Principal Financial Group Inc. owned about 0.12% of Palantir Technologies worth $227,779,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Xcel Wealth Management LLC raised its holdings in shares of Palantir Technologies by 5.3% during the 1st quarter. Xcel Wealth Management LLC now owns 19,501 shares of the company's stock worth $1,646,000 after acquiring an additional 985 shares during the period. Capstone Wealth Management Group LLC lifted its stake in Palantir Technologies by 38.0% in the first quarter. Capstone Wealth Management Group LLC now owns 17,147 shares of the company's stock worth $1,447,000 after acquiring an additional 4,722 shares during the last quarter. Resonant Capital Advisors LLC boosted its holdings in Palantir Technologies by 23.6% in the first quarter. Resonant Capital Advisors LLC now owns 3,927 shares of the company's stock valued at $331,000 after purchasing an additional 751 shares in the last quarter. Teacher Retirement System of Texas boosted its holdings in Palantir Technologies by 43.0% in the first quarter. Teacher Retirement System of Texas now owns 745,044 shares of the company's stock valued at $62,882,000 after purchasing an additional 224,146 shares in the last quarter. Finally, Lodestone Wealth Management LLC boosted its holdings in Palantir Technologies by 1.1% in the first quarter. Lodestone Wealth Management LLC now owns 8,950 shares of the company's stock valued at $755,000 after purchasing an additional 97 shares in the last quarter. Hedge funds and other institutional investors own 45.65% of the company's stock.

Insiders Place Their Bets

In other Palantir Technologies news, insider Stephen Andrew Cohen sold 309,696 shares of the stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $126.39, for a total value of $39,142,477.44. Following the completion of the sale, the insider owned 592 shares in the company, valued at $74,822.88. This represents a 99.81% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider David A. Glazer sold 30,812 shares of the stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $126.39, for a total transaction of $3,894,328.68. Following the completion of the sale, the insider owned 495,497 shares of the company's stock, valued at approximately $62,625,865.83. The trade was a 5.85% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,451,497 shares of company stock valued at $186,110,685. 12.93% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on PLTR shares. Royal Bank Of Canada reissued an "underperform" rating on shares of Palantir Technologies in a report on Tuesday, May 6th. Daiwa Capital Markets started 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. Daiwa America upgraded shares of Palantir Technologies to a "hold" rating in a research note on Tuesday, April 1st. Deutsche Bank Aktiengesellschaft restated a "sell" rating on shares of Palantir Technologies in a report on Tuesday, May 6th. Finally, Morgan Stanley raised their target price on shares of Palantir Technologies from $90.00 to $98.00 and gave the company an "equal weight" rating in a report on Tuesday, May 6th. Five analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $89.32.

Read Our Latest Stock Report on Palantir Technologies

Palantir Technologies Price Performance

PLTR traded up $0.25 during trading on Monday, hitting $134.61. The company had a trading volume of 5,769,530 shares, compared to its average volume of 82,762,977. The company has a market cap of $317.67 billion, a PE ratio of 585.22, a P/E/G ratio of 11.47 and a beta of 2.59. The business has a 50-day moving average of $128.47 and a 200-day moving average of $101.88. 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 announced its quarterly earnings data on Monday, May 5th. The company reported $0.13 earnings per share for the quarter, meeting analysts' consensus estimates of $0.13. The business had revenue of $883.86 million during the quarter, compared to the consensus estimate of $863.89 million. Palantir Technologies had a net margin of 18.32% and a return on equity of 6.55%. The company's revenue for the quarter was up 39.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.08 EPS. Research analysts forecast that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Palantir Technologies Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Palantir Technologies (NASDAQ:PLTR)

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