Raiffeisen Bank International AG purchased a new stake in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 12,607 shares of the company's stock, valued at approximately $1,082,000.
A number of other large investors have also recently modified their holdings of PLTR. Invesco Ltd. boosted its holdings in shares of Palantir Technologies by 31.2% in the fourth quarter. Invesco Ltd. now owns 14,748,240 shares of the company's stock valued at $1,115,409,000 after purchasing an additional 3,509,311 shares during the period. Capital World Investors purchased a new stake in Palantir Technologies during the fourth quarter worth $253,816,000. Northern Trust Corp lifted its holdings in Palantir Technologies by 20.4% during the fourth 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. Clear Street Derivatives LLC purchased a new stake in Palantir Technologies during the fourth quarter worth $216,953,000. Finally, Toronto Dominion Bank lifted its holdings in Palantir Technologies by 266.2% during the fourth quarter. Toronto Dominion Bank now owns 3,932,955 shares of the company's stock worth $297,449,000 after buying an additional 2,859,091 shares during the period. Hedge funds and other institutional investors own 45.65% of the company's stock.
Insider Activity at Palantir Technologies
In other news, Director Lauren Elaina Friedman Stat sold 800 shares of the firm's stock in a transaction dated Wednesday, July 9th. The stock was sold at an average price of $139.61, for a total transaction of $111,688.00. Following the sale, the director directly owned 62,887 shares in the company, valued at $8,779,654.07. This trade represents a 1.26% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Eric H. Woersching sold 10,214 shares of the firm's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $130.95, for a total value of $1,337,523.30. Following the sale, the director owned 2,348 shares in the company, valued at $307,470.60. This trade represents a 81.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,485,632 shares of company stock worth $191,222,623 in the last three months. Company insiders own 12.93% of the company's stock.
Palantir Technologies Stock Performance
Shares of PLTR opened at $160.66 on Tuesday. The business's 50-day moving average is $141.12 and its two-hundred day moving average is $113.19. The company has a market capitalization of $379.14 billion, a P/E ratio of 698.52, a P/E/G ratio of 13.15 and a beta of 2.60. Palantir Technologies Inc. has a fifty-two week low of $21.23 and a fifty-two week high of $161.40.
Palantir Technologies (NASDAQ:PLTR - Get Free Report) last announced its quarterly earnings results on Monday, August 4th. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.02. The company had revenue of $1 billion for the quarter, compared to the consensus estimate of $939.29 million. Palantir Technologies had a return on equity of 6.55% and a net margin of 18.32%. The firm's revenue for the quarter was up 48.0% compared to the same quarter last year. During the same period last year, the firm earned $0.09 EPS. Analysts forecast that Palantir Technologies Inc. will post 0.31 EPS for the current year.
Analysts Set New Price Targets
A number of analysts have weighed in on PLTR shares. Loop Capital upped their target price on Palantir Technologies from $155.00 to $178.00 and gave the stock a "buy" rating in a report on Wednesday, July 30th. Citigroup upped their target price on Palantir Technologies from $110.00 to $115.00 and gave the stock a "neutral" rating in a report on Thursday, May 8th. UBS Group restated a "positive" rating on shares of Palantir Technologies in a report on Wednesday, June 25th. The Goldman Sachs Group upped their price target on Palantir Technologies from $80.00 to $90.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 6th. Finally, Mizuho raised Palantir Technologies from an "underperform" rating to a "neutral" rating and upped their price target for the stock from $116.00 to $135.00 in a research report on Wednesday, July 16th. Four analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $96.45.
View Our Latest Research Report on Palantir Technologies
Palantir Technologies Company 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.
Featured Articles
Want to see what other hedge funds are holding PLTR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Palantir Technologies Inc. (NASDAQ:PLTR - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Palantir Technologies, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Palantir Technologies wasn't on the list.
While Palantir Technologies currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.