Diversified Trust Co Raises Stock Position in Palantir Technologies Inc. (NYSE:PLTR)

Diversified Trust Co raised its stake in shares of Palantir Technologies Inc. (NYSE:PLTR) by 7.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,671 shares of the company’s stock after purchasing an additional 1,669 shares during the period. Diversified Trust Co’s holdings in Palantir Technologies were worth $522,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. boosted its holdings in Palantir Technologies by 3.5% in the 4th quarter. Vanguard Group Inc. now owns 193,805,263 shares of the company’s stock worth $3,327,636,000 after buying an additional 6,466,596 shares during the last quarter. Morgan Stanley lifted its position in shares of Palantir Technologies by 26.1% in the third quarter. Morgan Stanley now owns 22,614,555 shares of the company’s stock valued at $361,833,000 after acquiring an additional 4,675,824 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in shares of Palantir Technologies by 8.2% in the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 12,590,729 shares of the company’s stock worth $216,183,000 after acquiring an additional 955,992 shares during the last quarter. ARK Investment Management LLC increased its position in shares of Palantir Technologies by 16.1% during the fourth quarter. ARK Investment Management LLC now owns 10,937,859 shares of the company’s stock worth $187,803,000 after purchasing an additional 1,514,232 shares in the last quarter. Finally, Nikko Asset Management Americas Inc. raised its stake in Palantir Technologies by 11.5% in the 4th quarter. Nikko Asset Management Americas Inc. now owns 8,249,083 shares of the company’s stock valued at $141,554,000 after purchasing an additional 850,687 shares during 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 firms have recently issued reports on PLTR. Monness Crespi & Hardt lowered shares of Palantir Technologies from a “neutral” rating to a “sell” rating and set a $20.00 target price for the company. in a report on Friday, June 21st. Mizuho boosted their price objective on Palantir Technologies from $18.00 to $21.00 and gave the stock a “neutral” rating in a research note on Thursday, March 7th. Royal Bank of Canada raised their target price on Palantir Technologies from $5.00 to $9.00 and gave the stock an “underperform” rating in a research note on Tuesday, May 7th. Argus assumed coverage on shares of Palantir Technologies in a research report on Monday, June 17th. They set a “buy” rating and a $29.00 price target on the stock. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of Palantir Technologies from $18.00 to $20.00 and gave the company a “sell” rating in a report on Tuesday, May 7th. Six analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Palantir Technologies has a consensus rating of “Hold” and an average price target of $21.25.

Insider Buying and Selling at Palantir Technologies

In other news, Director Eric H. Woersching sold 3,000 shares of the stock in a transaction dated Tuesday, June 18th. The shares were sold at an average price of $26.00, for a total transaction of $78,000.00. Following the sale, the director now owns 32,843 shares of the company’s stock, valued at $853,918. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Eric H. Woersching sold 3,000 shares of the stock in a transaction on Tuesday, June 18th. The stock was sold at an average price of $26.00, for a total value of $78,000.00. Following the sale, the director now directly owns 32,843 shares in the company, valued at $853,918. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Peter Thiel sold 6,285,833 shares of Palantir Technologies stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $21.33, for a total value of $134,076,817.89. Following the completion of the transaction, the director now owns 64,520,599 shares of the company’s stock, valued at $1,376,224,376.67. The disclosure for this sale can be found here. Insiders sold a total of 11,372,153 shares of company stock valued at $239,941,245 in the last three months. 12.93% of the stock is owned by corporate insiders.

Palantir Technologies Stock Performance

NYSE:PLTR opened at $25.83 on Thursday. Palantir Technologies Inc. has a fifty-two week low of $13.68 and a fifty-two week high of $27.50. The company has a 50 day moving average price of $22.89 and a 200 day moving average price of $21.68. The stock has a market capitalization of $57.52 billion, a P/E ratio of 215.27, a PEG ratio of 5.85 and a beta of 2.71.

Palantir Technologies (NYSE:PLTR) last released its quarterly earnings results on Monday, May 6th. The company reported $0.04 EPS for the quarter, hitting analysts’ consensus estimates of $0.04. Palantir Technologies had a return on equity of 8.28% and a net margin of 12.79%. The company had revenue of $634.34 million for the quarter, compared to analysts’ expectations of $614.88 million. Research analysts forecast that Palantir Technologies Inc. will post 0.16 earnings per share for the current fiscal year.

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.