Deutsche Bank AG Acquires 1,091,299 Shares of Palantir Technologies Inc. (NASDAQ:PLTR)

Deutsche Bank AG lifted its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 19.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,785,225 shares of the company's stock after acquiring an additional 1,091,299 shares during the period. Deutsche Bank AG owned approximately 0.30% of Palantir Technologies worth $513,167,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. EP Wealth Advisors LLC boosted its stake in Palantir Technologies by 44.3% during the 4th quarter. EP Wealth Advisors LLC now owns 28,959 shares of the company's stock valued at $2,190,000 after purchasing an additional 8,886 shares during the last quarter. EPG Wealth Management LLC bought a new stake in Palantir Technologies during the fourth quarter worth $466,000. Collar Capital Management LLC purchased a new stake in Palantir Technologies in the 4th quarter valued at $3,595,000. Colonial Trust Co SC lifted its stake in Palantir Technologies by 200.9% during the 4th quarter. Colonial Trust Co SC now owns 1,333 shares of the company's stock valued at $101,000 after acquiring an additional 890 shares in the last quarter. Finally, CoreCap Advisors LLC grew its stake in shares of Palantir Technologies by 19.4% in the 4th quarter. CoreCap Advisors LLC now owns 39,963 shares of the company's stock worth $3,022,000 after acquiring an additional 6,506 shares in the last quarter. Institutional investors and hedge funds own 45.65% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on PLTR shares. Wedbush set a $140.00 price target on shares of Palantir Technologies and gave the company an "outperform" rating in a research report on Tuesday. Morgan Stanley boosted their target price on Palantir Technologies from $90.00 to $98.00 and gave the stock an "equal weight" rating in a research note on Tuesday. Bank of America increased their price target on Palantir Technologies from $90.00 to $125.00 and gave the company a "buy" rating in a research report on Tuesday, February 4th. The Goldman Sachs Group upped their price objective on Palantir Technologies from $80.00 to $90.00 and gave the company a "neutral" rating in a research note on Tuesday. Finally, Jefferies Financial Group lifted their target price on Palantir Technologies from $28.00 to $60.00 and gave the stock an "underperform" rating in a research note on Tuesday, February 4th. Five analysts have rated the stock with a sell rating, fifteen have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $83.95.

Insider Transactions at Palantir Technologies

In other news, Director Lauren Elaina Friedman Stat sold 800 shares of the company's stock in a transaction dated Thursday, April 3rd. The stock was sold at an average price of $81.25, for a total value of $65,000.00. Following the completion of the transaction, the director now directly owns 61,339 shares in the company, valued at approximately $4,983,793.75. This represents a 1.29 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Heather A. Planishek sold 13,891 shares of the firm's stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $115.96, for a total value of $1,610,800.36. Following the transaction, the insider now directly owns 512,006 shares in the company, valued at approximately $59,372,215.76. This represents a 2.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,978,181 shares of company stock valued at $252,115,667 in the last quarter. Insiders own 9.23% of the company's stock.

Palantir Technologies Price Performance

NASDAQ:PLTR traded down $1.79 during trading hours on Friday, hitting $117.36. The stock had a trading volume of 80,786,187 shares, compared to its average volume of 75,877,287. The firm has a market capitalization of $275.25 billion, a price-to-earnings ratio of 617.72, a P/E/G ratio of 10.84 and a beta of 2.68. Palantir Technologies Inc. has a one year low of $20.50 and a one year high of $125.41. The company has a 50 day simple moving average of $94.23 and a two-hundred day simple moving average of $81.99.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last issued its quarterly earnings results on Monday, May 5th. The company reported $0.13 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.13. The firm had revenue of $883.86 million during the quarter, compared to the consensus estimate of $863.89 million. Palantir Technologies had a return on equity of 6.85% and a net margin of 16.13%. The company's revenue for the quarter was up 39.4% on a year-over-year basis. During the same quarter last year, the company posted $0.08 EPS. Equities research analysts anticipate that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

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.