Stephens Inc. AR Has $29.34 Million Position in Palantir Technologies Inc. (NASDAQ:PLTR)

Stephens Inc. AR trimmed its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 14.5% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 347,625 shares of the company's stock after selling 58,821 shares during the period. Stephens Inc. AR's holdings in Palantir Technologies were worth $29,340,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cornerstone Planning Group LLC lifted its stake in shares of Palantir Technologies by 90.2% in the 1st quarter. Cornerstone Planning Group LLC now owns 390 shares of the company's stock worth $33,000 after acquiring an additional 185 shares during the period. Richardson Capital Management LLC acquired a new stake in shares of Palantir Technologies in the 1st quarter worth approximately $33,000. Atlantic Edge Private Wealth Management LLC lifted its stake in shares of Palantir Technologies by 45.5% in the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 400 shares of the company's stock worth $34,000 after acquiring an additional 125 shares during the period. Godsey & Gibb Inc. lifted its stake in shares of Palantir Technologies by 740.0% in the 1st quarter. Godsey & Gibb Inc. now owns 420 shares of the company's stock worth $35,000 after acquiring an additional 370 shares during the period. Finally, Arlington Trust Co LLC lifted its stake in shares of Palantir Technologies by 542.9% in the 1st quarter. Arlington Trust Co LLC now owns 450 shares of the company's stock worth $38,000 after acquiring an additional 380 shares during the period. 45.65% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently weighed in on PLTR shares. The Goldman Sachs Group upped their price target on shares of Palantir Technologies from $80.00 to $90.00 and gave the stock a "neutral" rating in a research note on Tuesday, May 6th. UBS Group reaffirmed a "positive" rating on shares of Palantir Technologies in a research note on Wednesday, June 25th. Wedbush reissued an "outperform" rating on shares of Palantir Technologies in a research note on Thursday. Deutsche Bank Aktiengesellschaft reissued a "sell" rating on shares of Palantir Technologies in a research note on Tuesday, May 6th. Finally, Mizuho increased their target price on shares of Palantir Technologies from $94.00 to $116.00 and gave the company an "underperform" rating in a research note on Wednesday, June 11th. Five investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $89.32.

Insider Activity

In other Palantir Technologies news, insider David A. Glazer sold 30,812 shares of Palantir Technologies stock in a transaction on Tuesday, May 20th. The shares were 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 $62,625,865.83. This trade represents a 5.85% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Shyam Sankar sold 405,000 shares of Palantir Technologies stock in a transaction 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 sale, the insider directly owned 702,786 shares of the company's stock, valued at $92,823,974.88. This trade represents a 36.56% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,452,297 shares of company stock worth $186,222,373. 9.23% of the stock is owned by corporate insiders.

Palantir Technologies Price Performance

NASDAQ PLTR traded down $0.40 on Friday, hitting $142.10. 52,005,962 shares of the stock were exchanged, compared to its average volume of 83,326,505. Palantir Technologies Inc. has a 52-week low of $21.23 and a 52-week high of $148.22. The company has a market capitalization of $335.34 billion, a price-to-earnings ratio of 617.83, a P/E/G ratio of 12.13 and a beta of 2.59. The company's 50-day moving average price is $130.81 and its two-hundred day moving average price is $103.81.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last posted its quarterly earnings data on Monday, May 5th. The company reported $0.13 earnings per share for the quarter, hitting the consensus estimate of $0.13. Palantir Technologies had a net margin of 18.32% and a return on equity of 6.55%. 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 previous year, the company posted $0.08 EPS. The company's quarterly revenue was up 39.4% compared to the same quarter last year. Equities analysts predict that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal 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.