Trust Co. of Toledo NA OH Purchases New Position in Palantir Technologies Inc. (NASDAQ:PLTR)

Trust Co. of Toledo NA OH bought a new position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 5,732 shares of the company's stock, valued at approximately $484,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Optas LLC lifted its position in shares of Palantir Technologies by 13.2% during the first quarter. Optas LLC now owns 9,716 shares of the company's stock worth $820,000 after purchasing an additional 1,136 shares in the last quarter. D Orazio & Associates Inc. lifted its position in shares of Palantir Technologies by 7.6% during the first quarter. D Orazio & Associates Inc. now owns 6,079 shares of the company's stock worth $513,000 after purchasing an additional 430 shares in the last quarter. Bouvel Investment Partners LLC lifted its position in shares of Palantir Technologies by 2.7% during the first quarter. Bouvel Investment Partners LLC now owns 114,119 shares of the company's stock worth $9,632,000 after purchasing an additional 2,998 shares in the last quarter. Pinion Investment Advisors LLC lifted its position in shares of Palantir Technologies by 4.3% during the first quarter. Pinion Investment Advisors LLC now owns 3,305 shares of the company's stock worth $279,000 after purchasing an additional 136 shares in the last quarter. Finally, BayBridge Capital Group LLC lifted its position in shares of Palantir Technologies by 68.3% during the first quarter. BayBridge Capital Group LLC now owns 21,262 shares of the company's stock worth $1,795,000 after purchasing an additional 8,632 shares in the last quarter. Institutional investors own 45.65% of the company's stock.

Palantir Technologies Trading Up 2.9%

Shares of PLTR stock traded up $4.01 during trading hours on Monday, hitting $141.41. 80,050,382 shares of the company were exchanged, compared to its average volume of 81,013,526. The business has a 50 day moving average of $115.48 and a two-hundred day moving average of $95.01. Palantir Technologies Inc. has a 52 week low of $21.23 and a 52 week high of $144.74. The company has a market capitalization of $333.72 billion, a PE ratio of 744.30, a PEG ratio of 10.84 and a beta of 2.64.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last released its earnings results 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 16.13% and a return on equity of 6.85%. The firm's revenue for the quarter was up 39.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.08 earnings per share. On average, research analysts forecast that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Insider Buying and Selling at Palantir Technologies

In related news, insider Alexander C. Karp sold 358,982 shares of the firm's stock in a transaction dated 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 now directly owns 6,432,258 shares of the company's stock, valued at approximately $812,973,088.62. This trade represents a 5.29% 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 Shyam Sankar sold 405,000 shares of the firm's stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $132.08, for a total transaction of $53,492,400.00. Following the transaction, the insider now directly owns 702,786 shares in the company, valued at approximately $92,823,974.88. This represents a 36.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,506,925 shares of company stock worth $188,456,658 over the last quarter. 9.23% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

PLTR has been the topic of several analyst reports. DA Davidson increased their price objective on shares of Palantir Technologies from $100.00 to $115.00 and gave the company a "neutral" rating in a report on Tuesday, May 6th. The Goldman Sachs Group increased their price objective on shares of Palantir Technologies from $80.00 to $90.00 and gave the company a "neutral" rating in a report on Tuesday, May 6th. UBS Group increased their price objective on shares of Palantir Technologies from $105.00 to $110.00 and gave the company a "neutral" rating in a report on Tuesday, May 6th. Mizuho increased their price objective on shares of Palantir Technologies from $94.00 to $116.00 and gave the company an "underperform" rating in a report on Wednesday, June 11th. Finally, Loop Capital set a $155.00 price objective on shares of Palantir Technologies and gave the company a "buy" rating in a report on Thursday. Five analysts have rated the stock with a sell rating, fifteen have given a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, Palantir Technologies currently has an average rating of "Hold" and an average price target of $86.30.

About Palantir Technologies

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.