Vontobel Holding Ltd. Has $15.80 Million Stock Position in Palantir Technologies Inc. (NASDAQ:PLTR)

Vontobel Holding Ltd. lifted its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 66.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 187,224 shares of the company's stock after buying an additional 74,805 shares during the quarter. Vontobel Holding Ltd.'s holdings in Palantir Technologies were worth $15,802,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Astoria Portfolio Advisors LLC. bought a new position in shares of Palantir Technologies in the 1st quarter worth $265,000. Mather Group LLC. increased its holdings in Palantir Technologies by 834.7% in the first quarter. Mather Group LLC. now owns 8,319 shares of the company's stock valued at $702,000 after purchasing an additional 7,429 shares during the last quarter. Alta Advisers Ltd lifted its stake in Palantir Technologies by 57.2% in the first quarter. Alta Advisers Ltd now owns 10,722 shares of the company's stock valued at $905,000 after buying an additional 3,900 shares during the period. Smallwood Wealth Investment Management LLC acquired a new position in Palantir Technologies in the first quarter valued at about $205,000. Finally, Richardson Capital Management LLC bought a new position in Palantir Technologies during the first quarter worth about $33,000. Institutional investors and hedge funds own 45.65% of the company's stock.

Insider Activity

In related news, insider David A. Glazer sold 30,812 shares of the 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 transaction, the insider owned 495,497 shares in the company, valued at approximately $62,625,865.83. This represents a 5.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Shyam Sankar sold 405,000 shares of the firm's 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 completion of the transaction, the insider directly owned 702,786 shares of the company's stock, valued at approximately $92,823,974.88. This trade represents a 36.56% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,451,497 shares of company stock worth $186,110,685. 9.23% of the stock is currently owned by insiders.

Palantir Technologies Price Performance

PLTR stock traded up $2.15 during trading hours on Friday, reaching $134.27. 41,812,483 shares of the stock were exchanged, compared to its average volume of 82,906,073. The firm's 50-day moving average is $128.04 and its 200-day moving average is $101.06. Palantir Technologies Inc. has a 12 month low of $21.23 and a 12 month high of $148.22. The company has a market cap of $316.85 billion, a price-to-earnings ratio of 583.76, a PEG ratio of 11.28 and a beta of 2.59.

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. 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 6.55% and a net margin of 18.32%. During the same period in the prior year, the firm earned $0.08 earnings per share. Palantir Technologies's revenue for the quarter was up 39.4% compared to the same quarter last year. As a group, equities research analysts forecast that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Wall Street Analysts Forecast Growth

PLTR has been the subject of a number of recent analyst reports. Royal Bank Of Canada reaffirmed an "underperform" rating on shares of Palantir Technologies in a research note on Tuesday, May 6th. UBS Group restated a "positive" rating on shares of Palantir Technologies in a report on Wednesday, June 25th. Wedbush set a $140.00 target price on shares of Palantir Technologies and gave the stock an "outperform" rating in a report on Tuesday, May 6th. Mizuho lifted their price target on shares of Palantir Technologies from $94.00 to $116.00 and gave the stock an "underperform" rating in a research report on Wednesday, June 11th. Finally, Loop Capital set a $155.00 price target on shares of Palantir Technologies and gave the company a "buy" rating in a report on Thursday, June 12th. Five investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $89.32.

Palantir Technologies 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.