Robeco Schweiz AG Invests $3.05 Million in Palantir Technologies Inc. (NASDAQ:PLTR)

Robeco Schweiz AG purchased a new stake in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The institutional investor purchased 36,100 shares of the company's stock, valued at approximately $3,047,000.

Other large investors have also recently added to or reduced their stakes in the company. Cornerstone Planning Group LLC increased its holdings in Palantir Technologies by 90.2% in the 1st quarter. Cornerstone Planning Group LLC now owns 390 shares of the company's stock valued at $33,000 after purchasing an additional 185 shares in the last quarter. Richardson Capital Management LLC acquired a new stake in Palantir Technologies in the 1st quarter valued at $33,000. Atlantic Edge Private Wealth Management LLC increased its holdings in Palantir Technologies by 45.5% in the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 400 shares of the company's stock valued at $34,000 after purchasing an additional 125 shares in the last quarter. Godsey & Gibb Inc. boosted its position in Palantir Technologies by 740.0% in the 1st quarter. Godsey & Gibb Inc. now owns 420 shares of the company's stock valued at $35,000 after buying an additional 370 shares during the last quarter. Finally, Arlington Trust Co LLC boosted its position in Palantir Technologies by 542.9% in the 1st quarter. Arlington Trust Co LLC now owns 450 shares of the company's stock valued at $38,000 after buying an additional 380 shares during the last quarter. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have weighed in on PLTR shares. Wedbush reissued an "outperform" rating on shares of Palantir Technologies in a research report on Thursday. Deutsche Bank Aktiengesellschaft reissued a "sell" rating on shares of Palantir Technologies in a research report on Tuesday, May 6th. Daiwa America raised shares of Palantir Technologies to a "hold" rating in a research report on Tuesday, April 1st. Cantor Fitzgerald upped their price objective on shares of Palantir Technologies from $98.00 to $110.00 and gave the company a "neutral" rating in a research report on Tuesday, May 6th. Finally, Loop Capital set a $155.00 price objective on shares of Palantir Technologies and gave the company a "buy" rating in a research report on Thursday, June 12th. Five equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company 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 Shyam Sankar sold 405,000 shares of the firm's stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $132.08, for a total transaction of $53,492,400.00. Following the transaction, the insider owned 702,786 shares in the company, valued at $92,823,974.88. This trade represents a 36.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Alexander C. Karp sold 358,982 shares of the firm's stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $126.39, for a total transaction of $45,371,734.98. Following the transaction, the insider owned 6,432,258 shares in the company, valued at $812,973,088.62. This represents a 5.29% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,451,497 shares of company stock valued at $186,110,685. 9.23% of the stock is currently owned by company insiders.

Palantir Technologies Trading Down 0.4%

Shares of NASDAQ:PLTR opened at $142.50 on Friday. The firm's 50 day moving average is $130.45 and its two-hundred day moving average is $103.25. Palantir Technologies Inc. has a 52 week low of $21.23 and a 52 week high of $148.22. The firm has a market capitalization of $336.29 billion, a P/E ratio of 619.57, a PEG ratio of 12.22 and a beta of 2.59.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last announced its quarterly earnings results on Monday, May 5th. The company reported $0.13 EPS for the quarter, meeting the consensus estimate of $0.13. Palantir Technologies had a net margin of 18.32% and a return on equity of 6.55%. The company had revenue of $883.86 million for the quarter, compared to analyst estimates of $863.89 million. During the same quarter last year, the business earned $0.08 earnings per share. Palantir Technologies's revenue was up 39.4% compared to the same quarter last year. Analysts predict 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.

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.