Pathstone Holdings LLC Purchases 8,146 Shares of Palantir Technologies Inc. (NASDAQ:PLTR)

Pathstone Holdings LLC grew its position in Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 7.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 116,853 shares of the company's stock after purchasing an additional 8,146 shares during the period. Pathstone Holdings LLC's holdings in Palantir Technologies were worth $8,838,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in PLTR. Norges Bank acquired a new position in shares of Palantir Technologies during the 4th quarter worth about $1,360,191,000. Geode Capital Management LLC grew its position in shares of Palantir Technologies by 8.6% in the 4th quarter. Geode Capital Management LLC now owns 52,074,232 shares of the company's stock valued at $3,929,401,000 after purchasing an additional 4,127,306 shares during the period. Wellington Management Group LLP grew its holdings in shares of Palantir Technologies by 504.0% during the fourth quarter. Wellington Management Group LLP now owns 4,682,230 shares of the company's stock worth $354,117,000 after buying an additional 3,907,022 shares in the last quarter. Invesco Ltd. boosted its position in Palantir Technologies by 31.2% during the 4th quarter. Invesco Ltd. now owns 14,748,240 shares of the company's stock worth $1,115,409,000 after acquiring an additional 3,509,311 shares during the last quarter. Finally, Capital World Investors acquired a new position in Palantir Technologies during the 4th quarter worth approximately $253,816,000. Institutional investors and hedge funds own 45.65% of the company's stock.

Insider Activity

In related news, Director Lauren Elaina Friedman Stat sold 800 shares of the business's stock in a transaction dated Thursday, April 3rd. The shares were sold at an average price of $81.25, for a total value of $65,000.00. Following the transaction, the director now directly owns 61,339 shares of the company's stock, valued at approximately $4,983,793.75. The trade was a 1.29% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Stephen Andrew Cohen sold 1,250,000 shares of the business's stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $82.75, for a total transaction of $103,437,500.00. Following the completion of the transaction, the insider now directly owns 592 shares in the company, valued at $48,988. This trade represents a 99.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,964,290 shares of company stock worth $250,504,866 in the last quarter. 9.23% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have weighed in on PLTR shares. Mizuho upped their price target on Palantir Technologies from $80.00 to $94.00 and gave the stock an "underperform" rating in a research report on Tuesday, May 6th. Jefferies Financial Group increased their price objective on Palantir Technologies from $28.00 to $60.00 and gave the company an "underperform" rating in a report on Tuesday, February 4th. Northland Securities increased their price target on Palantir Technologies from $38.00 to $80.00 and gave the company a "market perform" rating in a research note on Tuesday, February 4th. 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 note on Tuesday, February 4th. Finally, Cantor Fitzgerald increased their price objective on Palantir Technologies from $98.00 to $110.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 6th. Five research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Palantir Technologies presently has an average rating of "Hold" and a consensus target price of $83.95.

Palantir Technologies Trading Down 2.5%

NASDAQ:PLTR traded down $3.19 during mid-day trading on Monday, hitting $126.33. 72,243,140 shares of the company's stock were exchanged, compared to its average volume of 77,016,871. The company has a 50 day simple moving average of $98.72 and a 200-day simple moving average of $85.43. Palantir Technologies Inc. has a fifty-two week low of $20.63 and a fifty-two week high of $133.49. The firm has a market capitalization of $296.29 billion, a P/E ratio of 664.93, a PEG ratio of 10.84 and a beta of 2.68.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last released its quarterly earnings results on Monday, May 5th. The company reported $0.13 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.13. Palantir Technologies had a net margin of 16.13% and a return on equity of 6.85%. The firm had revenue of $883.86 million during the quarter, compared to analyst estimates of $863.89 million. During the same quarter last year, the business earned $0.08 EPS. The company's revenue was up 39.4% compared to the same quarter last year. As a group, analysts expect 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.