Triglav Skladi D.O.O. Purchases Shares of 9,500 Palantir Technologies Inc. (NASDAQ:PLTR)

Triglav Skladi D.O.O. purchased a new stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 9,500 shares of the company’s stock, valued at approximately $802,000.

Several other institutional investors have also added to or reduced their stakes in the business. Nuveen LLC bought a new position in Palantir Technologies in the first quarter worth about $520,232,000. Goldman Sachs Group Inc. increased its stake in shares of Palantir Technologies by 38.5% during the first quarter. Goldman Sachs Group Inc. now owns 15,180,154 shares of the company’s stock valued at $1,281,205,000 after purchasing an additional 4,221,392 shares in the last quarter. Capital World Investors bought a new position in shares of Palantir Technologies during the fourth quarter valued at approximately $253,816,000. Northern Trust Corp increased its stake in shares of Palantir Technologies by 20.4% during the fourth quarter. Northern Trust Corp now owns 19,488,465 shares of the company’s stock valued at $1,473,913,000 after purchasing an additional 3,299,779 shares in the last quarter. Finally, Invesco Ltd. increased its stake in shares of Palantir Technologies by 20.3% during the first quarter. Invesco Ltd. now owns 17,746,956 shares of the company’s stock valued at $1,497,843,000 after purchasing an additional 2,998,716 shares in the last quarter. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft raised shares of Palantir Technologies from a “sell” rating to a “hold” rating and raised their target price for the company from $80.00 to $160.00 in a research note on Tuesday, August 5th. Wall Street Zen raised shares of Palantir Technologies from a “hold” rating to a “buy” rating in a research report on Saturday. The Goldman Sachs Group raised their price target on shares of Palantir Technologies from $90.00 to $141.00 and gave the company a “neutral” rating in a research report on Wednesday, August 6th. UBS Group reissued a “neutral” rating and set a $165.00 price target (up previously from $110.00) on shares of Palantir Technologies in a research report on Tuesday, August 5th. Finally, Royal Bank Of Canada raised their target price on shares of Palantir Technologies from $40.00 to $45.00 and gave the stock an “underperform” rating in a report on Tuesday, August 5th. Two equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $136.61.

Insider Activity

In related news, Director Eric H. Woersching sold 10,214 shares of the company’s stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $130.95, for a total transaction of $1,337,523.30. Following the transaction, the director directly owned 2,348 shares in the company, valued at approximately $307,470.60. This represents a 81.31% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider David A. Glazer sold 3,418 shares of the company’s stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $125.97, for a total transaction of $430,565.46. Following the transaction, the insider owned 492,079 shares in the company, valued at $61,987,191.63. The trade was a 0.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 1,515,632 shares of company stock worth $196,472,623. 12.93% of the stock is owned by insiders.

Palantir Technologies Stock Up 2.3%

PLTR opened at $186.97 on Wednesday. The firm has a 50-day simple moving average of $147.73 and a two-hundred day simple moving average of $117.34. Palantir Technologies Inc. has a 52 week low of $29.31 and a 52 week high of $190.00. The company has a market capitalization of $441.23 billion, a PE ratio of 623.25, a price-to-earnings-growth ratio of 10.30 and a beta of 2.60.

Palantir Technologies (NASDAQ:PLTR) last released its quarterly earnings data on Monday, August 4th. The company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.14 by $0.02. Palantir Technologies had a net margin of 22.18% and a return on equity of 10.75%. The business had revenue of $1 billion during the quarter, compared to the consensus estimate of $939.29 million. During the same quarter in the prior year, the firm earned $0.09 EPS. The business’s revenue was up 48.0% on a year-over-year basis. As a group, sell-side analysts expect that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

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.