Universal Beteiligungs und Servicegesellschaft mbH Grows Stock Holdings in Palantir Technologies Inc. (NASDAQ:PLTR)

Universal Beteiligungs und Servicegesellschaft mbH raised its position in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 22.2% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 996,289 shares of the company's stock after purchasing an additional 180,880 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH's holdings in Palantir Technologies were worth $84,087,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in PLTR. Assenagon Asset Management S.A. increased its position in shares of Palantir Technologies by 15.0% during the 1st quarter. Assenagon Asset Management S.A. now owns 49,651 shares of the company's stock worth $4,191,000 after purchasing an additional 6,479 shares during the last quarter. Pitcairn Co. acquired a new stake in shares of Palantir Technologies during the 4th quarter worth about $281,000. Sagespring Wealth Partners LLC increased its position in shares of Palantir Technologies by 36.3% during the 1st quarter. Sagespring Wealth Partners LLC now owns 24,054 shares of the company's stock worth $2,030,000 after purchasing an additional 6,405 shares during the last quarter. CX Institutional acquired a new stake in shares of Palantir Technologies during the 1st quarter worth about $62,000. Finally, Bessemer Group Inc. increased its position in shares of Palantir Technologies by 13.6% during the 1st quarter. Bessemer Group Inc. now owns 25,414 shares of the company's stock worth $2,145,000 after purchasing an additional 3,050 shares during the last quarter. Hedge funds and other institutional investors own 45.65% of the company's stock.

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, insider Alexander C. Karp sold 358,982 shares of the stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $126.39, for a total transaction of $45,371,734.98. Following the completion of the sale, the insider directly owned 6,432,258 shares in the company, valued at approximately $812,973,088.62. This trade represents a 5.29% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Shyam Sankar sold 405,000 shares of the stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $132.08, for a total value of $53,492,400.00. Following the sale, the insider owned 702,786 shares of the company's stock, valued at approximately $92,823,974.88. The trade was a 36.56% 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 over the last 90 days. Company insiders own 9.23% of the company's stock.

Palantir Technologies Stock Up 0.1%

Shares of Palantir Technologies stock traded up $0.23 on Thursday, hitting $154.86. The stock had a trading volume of 38,351,384 shares, compared to its average volume of 94,303,531. The stock has a market cap of $365.46 billion, a price-to-earnings ratio of 673.30, a price-to-earnings-growth ratio of 12.73 and a beta of 2.59. The business's 50 day moving average is $135.91 and its two-hundred day moving average is $107.70. Palantir Technologies Inc. has a twelve month low of $21.23 and a twelve month high of $155.68.

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, hitting the consensus estimate of $0.13. Palantir Technologies had a return on equity of 6.55% and a net margin of 18.32%. The firm had revenue of $883.86 million during the quarter, compared to analysts' expectations of $863.89 million. During the same period in the prior year, the company earned $0.08 earnings per share. The company's quarterly revenue was up 39.4% on a year-over-year basis. As a group, equities analysts predict that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Wedbush set a $160.00 target price on Palantir Technologies in a research report on Thursday, July 10th. The Goldman Sachs Group boosted their price objective on Palantir Technologies from $80.00 to $90.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 6th. DA Davidson upped their price target on Palantir Technologies from $100.00 to $115.00 and gave the company a "neutral" rating in a report on Tuesday, May 6th. Loop Capital set a $155.00 price target on Palantir Technologies and gave the company a "buy" rating in a report on Thursday, June 12th. Finally, UBS Group reaffirmed a "positive" rating on shares of Palantir Technologies in a report on Wednesday, June 25th. Four analysts have rated the stock with a sell rating, fifteen have given a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $91.37.

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.