Whittier Trust Co. of Nevada Inc. Boosts Stake in Palantir Technologies Inc. (NASDAQ:PLTR)

Whittier Trust Co. of Nevada Inc. grew its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 290.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,860 shares of the company's stock after purchasing an additional 3,615 shares during the period. Whittier Trust Co. of Nevada Inc.'s holdings in Palantir Technologies were worth $410,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Cornerstone Planning Group LLC raised its holdings 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 last quarter. Richardson Capital Management LLC acquired a new stake in shares of Palantir Technologies in the 1st quarter worth about $33,000. Atlantic Edge Private Wealth Management LLC raised its holdings 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 last quarter. Godsey & Gibb Inc. raised its holdings 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 last quarter. Finally, Arlington Trust Co LLC raised its holdings 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 last quarter. Institutional investors and hedge funds own 45.65% of the company's stock.

Insider Buying and Selling

In other Palantir Technologies news, insider Ryan D. Taylor sold 35,480 shares of the stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $126.39, for a total value of $4,484,317.20. Following the sale, the insider directly owned 367,691 shares in the company, valued at $46,472,465.49. This represents a 8.80% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider David A. Glazer sold 30,812 shares of the stock in a transaction that occurred on Tuesday, May 20th. The stock was 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 in the company, valued at $62,625,865.83. This represents a 5.85% 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 in the last 90 days. 9.23% of the stock is currently owned by company insiders.

Palantir Technologies Stock Down 0.3%

PLTR traded down $0.47 on Friday, hitting $153.52. The company's stock had a trading volume of 45,673,387 shares, compared to its average volume of 83,290,267. The company's 50 day simple moving average is $133.61 and its 200-day simple moving average is $105.61. The firm has a market cap of $362.29 billion, a P/E ratio of 1,283.25, a price-to-earnings-growth ratio of 13.15 and a beta of 2.59. Palantir Technologies Inc. has a 12 month low of $21.23 and a 12 month high of $155.68.

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

Analyst Upgrades and Downgrades

PLTR has been the subject of several analyst reports. Cantor Fitzgerald increased their price objective on shares of Palantir Technologies from $98.00 to $110.00 and gave the company a "neutral" rating in a research note on Tuesday, May 6th. Mizuho upgraded shares of Palantir Technologies from an "underperform" rating to a "neutral" rating and increased their price objective for the company from $116.00 to $135.00 in a research note on Wednesday. Citigroup increased their price objective on shares of Palantir Technologies from $110.00 to $115.00 and gave the company a "neutral" rating in a research note on Thursday, May 8th. Morgan Stanley increased their price objective on shares of Palantir Technologies from $90.00 to $98.00 and gave the company an "equal weight" rating in a research note on Tuesday, May 6th. Finally, Deutsche Bank Aktiengesellschaft reiterated a "sell" rating on shares of Palantir Technologies in a research note on Tuesday, May 6th. Four analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $91.37.

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.