Rhumbline Advisers Has $353.34 Million Holdings in Palantir Technologies Inc. (NASDAQ:PLTR)

Rhumbline Advisers raised its stake in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 4.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,186,489 shares of the company's stock after acquiring an additional 163,040 shares during the quarter. Rhumbline Advisers owned about 0.18% of Palantir Technologies worth $353,340,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Roxbury Financial LLC acquired a new position in shares of Palantir Technologies during the fourth quarter valued at $27,000. HighMark Wealth Management LLC raised its holdings in Palantir Technologies by 73.5% during the 4th quarter. HighMark Wealth Management LLC now owns 392 shares of the company's stock worth $30,000 after purchasing an additional 166 shares during the last quarter. Sierra Ocean LLC acquired a new position in Palantir Technologies during the 4th quarter valued at about $31,000. R Squared Ltd bought a new position in shares of Palantir Technologies in the 4th quarter valued at about $33,000. Finally, First Command Advisory Services Inc. acquired a new position in Palantir Technologies in the fourth quarter valued at approximately $34,000. 45.65% of the stock is owned by institutional investors.

Insider Activity at Palantir Technologies

In other news, Director Lauren Elaina Friedman Stat sold 800 shares of the business's stock in a transaction dated Thursday, April 3rd. The shares were sold at an average price of $81.25, for a total transaction of $65,000.00. Following the transaction, the director now directly owns 61,339 shares in the company, valued at $4,983,793.75. The trade was a 1.29% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Alexandra W. Schiff sold 6,776 shares of the business's stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $86.63, for a total value of $587,004.88. Following the transaction, the director now directly owns 184,617 shares in the company, valued at approximately $15,993,370.71. This trade represents a 3.54% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 3,901,701 shares of company stock valued at $370,407,533. Insiders own 9.23% of the company's stock.

Analysts Set New Price Targets

Several brokerages have commented on PLTR. Robert W. Baird upped their target price on shares of Palantir Technologies from $70.00 to $100.00 and gave the company a "neutral" rating in a research report on Tuesday, February 4th. UBS Group increased their target price on Palantir Technologies from $105.00 to $110.00 and gave the company a "neutral" rating in a research note on Tuesday, May 6th. Mizuho boosted their target price on Palantir Technologies from $80.00 to $94.00 and gave the stock an "underperform" rating in a research report on Tuesday, May 6th. Citigroup increased their price target on shares of Palantir Technologies from $110.00 to $115.00 and gave the company a "neutral" rating in a research report on Thursday, May 8th. Finally, Wedbush set a $140.00 price objective on shares of Palantir Technologies and gave the company an "outperform" rating in a report on Tuesday, May 6th. Five research analysts have rated the stock with a sell rating, fifteen have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Palantir Technologies currently has a consensus rating of "Hold" and an average target price of $83.95.

Palantir Technologies Stock Up 0.8%

Shares of PLTR stock traded up $1.08 during trading on Tuesday, reaching $133.12. The company's stock had a trading volume of 90,850,910 shares, compared to its average volume of 79,009,646. Palantir Technologies Inc. has a one year low of $21.01 and a one year high of $135.22. The business has a fifty day moving average price of $106.69 and a 200-day moving average price of $90.74. The company has a market cap of $314.15 billion, a price-to-earnings ratio of 700.67, a price-to-earnings-growth ratio of 10.84 and a beta of 2.64.

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 the consensus estimate of $0.13. The company 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 6.85% and a net margin of 16.13%. Palantir Technologies's revenue for the quarter was up 39.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.08 EPS. Research analysts anticipate that Palantir Technologies Inc. will post 0.31 EPS for the current year.

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.