Palantir Technologies Inc. (NYSE:PLTR) Shares Bought by Van ECK Associates Corp

Van ECK Associates Corp raised its position in Palantir Technologies Inc. (NYSE:PLTR - Free Report) by 39.0% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 617,808 shares of the company's stock after purchasing an additional 173,419 shares during the period. Van ECK Associates Corp's holdings in Palantir Technologies were worth $10,608,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Truvestments Capital LLC increased its stake in shares of Palantir Technologies by 74.9% in the 3rd quarter. Truvestments Capital LLC now owns 1,635 shares of the company's stock worth $26,000 after acquiring an additional 700 shares during the last quarter. Pacifica Partners Inc. purchased a new stake in shares of Palantir Technologies during the 4th quarter valued at approximately $27,000. GAMMA Investing LLC acquired a new position in Palantir Technologies in the fourth quarter valued at approximately $33,000. Provence Wealth Management Group purchased a new position in Palantir Technologies in the third quarter worth approximately $34,000. Finally, Glass Jacobson Investment Advisors llc acquired a new stake in Palantir Technologies during the third quarter worth $35,000. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on PLTR shares. Mizuho raised their price objective on Palantir Technologies from $18.00 to $21.00 and gave the stock a "neutral" rating in a research report on Thursday, March 7th. Bank of America lifted their target price on shares of Palantir Technologies from $24.00 to $28.00 and gave the company a "buy" rating in a report on Wednesday, March 6th. Monness Crespi & Hardt upgraded Palantir Technologies from a "sell" rating to a "neutral" rating in a research note on Friday, April 26th. Citigroup raised Palantir Technologies from a "sell" rating to a "neutral" rating and lifted their price objective for the company from $10.00 to $20.00 in a research note on Tuesday, February 6th. Finally, Raymond James increased their target price on Palantir Technologies from $22.00 to $25.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 6th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $18.35.

Palantir Technologies Stock Up 3.5 %

NYSE PLTR traded up $0.78 on Friday, hitting $23.33. 55,667,379 shares of the stock were exchanged, compared to its average volume of 61,182,539. Palantir Technologies Inc. has a fifty-two week low of $7.28 and a fifty-two week high of $27.50. The company has a 50-day moving average price of $23.36 and a 200-day moving average price of $20.17. The company has a market cap of $51.62 billion, a PE ratio of 257.14, a PEG ratio of 5.42 and a beta of 2.76.

Palantir Technologies (NYSE:PLTR - Get Free Report) last issued its earnings results on Monday, February 5th. The company reported $0.03 EPS for the quarter, missing analysts' consensus estimates of $0.04 by ($0.01). The firm had revenue of $608.35 million for the quarter, compared to analyst estimates of $603.48 million. Palantir Technologies had a return on equity of 6.17% and a net margin of 9.43%. As a group, equities research analysts predict that Palantir Technologies Inc. will post 0.16 EPS for the current fiscal year.

Insider Activity

In other Palantir Technologies news, insider Ryan D. Taylor sold 150,000 shares of the firm's stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $24.00, for a total transaction of $3,600,000.00. Following the sale, the insider now owns 181,460 shares of the company's stock, valued at $4,355,040. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Palantir Technologies news, insider Ryan D. Taylor sold 150,000 shares of the firm's stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $24.00, for a total transaction of $3,600,000.00. Following the transaction, the insider now owns 181,460 shares of the company's stock, valued at $4,355,040. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Alexander D. Moore sold 20,000 shares of the business's stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $22.02, for a total value of $440,400.00. Following the completion of the sale, the director now directly owns 1,595,519 shares of the company's stock, valued at $35,133,328.38. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 7,476,273 shares of company stock worth $184,783,602. 13.96% of the stock is currently owned by insiders.

Palantir Technologies Profile

Palantir Technologies Inc builds and deploys software platforms for the intelligence community to assist in counterterrorism investigations and operations in the United States, the United Kingdom, and internationally. The company provides Palantir Gotham, a software platform which enables users to identify patterns hidden deep within datasets, ranging from signals intelligence sources to reports from confidential informants, as well as facilitates the handoff between analysts and operational users, helping operators plan and execute real-world responses to threats that have been identified within the platform.