State of Alaska Department of Revenue Has $6.48 Million Stake in Palantir Technologies Inc. (NYSE:PLTR)

State of Alaska Department of Revenue raised its position in shares of Palantir Technologies Inc. (NYSE:PLTRFree Report) by 9.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 377,365 shares of the company’s stock after acquiring an additional 31,250 shares during the period. State of Alaska Department of Revenue’s holdings in Palantir Technologies were worth $6,479,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in PLTR. AlphaCrest Capital Management LLC acquired a new stake in Palantir Technologies in the 1st quarter valued at approximately $206,000. D.A. Davidson & CO. grew its stake in shares of Palantir Technologies by 18.6% in the first quarter. D.A. Davidson & CO. now owns 14,579 shares of the company’s stock worth $200,000 after acquiring an additional 2,286 shares during the last quarter. MetLife Investment Management LLC bought a new position in Palantir Technologies during the first quarter worth $1,475,000. Cibc World Market Inc. raised its stake in Palantir Technologies by 38.3% during the 1st quarter. Cibc World Market Inc. now owns 226,834 shares of the company’s stock valued at $3,114,000 after purchasing an additional 62,814 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in Palantir Technologies by 71.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,153,018 shares of the company’s stock valued at $15,832,000 after purchasing an additional 482,171 shares during the period. 45.65% of the stock is currently owned by institutional investors.

Insider Transactions at Palantir Technologies

In related news, Director Alexandra W. Schiff sold 4,000 shares of the firm’s stock in a transaction on Wednesday, January 3rd. The stock was sold at an average price of $16.11, for a total transaction of $64,440.00. Following the completion of the sale, the director now directly owns 200,783 shares of the company’s stock, valued at approximately $3,234,614.13. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Ryan D. Taylor sold 120,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $22.00, for a total transaction of $2,640,000.00. Following the transaction, the insider now directly owns 181,460 shares in the company, valued at $3,992,120. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Alexandra W. Schiff sold 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 3rd. The shares were sold at an average price of $16.11, for a total transaction of $64,440.00. Following the completion of the sale, the director now directly owns 200,783 shares of the company’s stock, valued at approximately $3,234,614.13. The disclosure for this sale can be found here. Insiders have sold 7,455,273 shares of company stock valued at $184,293,942 in the last three months. 13.96% of the stock is owned by corporate insiders.

Palantir Technologies Price Performance

Palantir Technologies stock opened at $23.01 on Monday. Palantir Technologies Inc. has a 52-week low of $7.28 and a 52-week high of $27.50. The stock has a fifty day moving average price of $22.66 and a two-hundred day moving average price of $19.16. The firm has a market capitalization of $50.91 billion, a P/E ratio of 255.70, a P/E/G ratio of 5.64 and a beta of 2.78.

Palantir Technologies (NYSE:PLTRGet Free Report) last announced its quarterly earnings results on Monday, February 5th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.01). The firm had revenue of $608.35 million for the quarter, compared to the consensus estimate of $603.48 million. Palantir Technologies had a net margin of 9.43% and a return on equity of 6.17%. On average, equities research analysts predict that Palantir Technologies Inc. will post 0.16 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Jefferies Financial Group upgraded shares of Palantir Technologies from an “underperform” rating to a “hold” rating and boosted their price objective for the stock from $13.00 to $22.00 in a report on Tuesday, February 6th. Mizuho upped their price target on Palantir Technologies from $18.00 to $21.00 and gave the company a “neutral” rating in a report on Thursday, March 7th. Wedbush reissued an “outperform” rating and set a $35.00 price objective (up previously from $30.00) on shares of Palantir Technologies in a report on Friday, March 8th. Citigroup upgraded Palantir Technologies from a “sell” rating to a “neutral” rating and boosted their price objective for the company from $10.00 to $20.00 in a research report on Tuesday, February 6th. Finally, Royal Bank of Canada reaffirmed an “underperform” rating and issued a $5.00 target price on shares of Palantir Technologies in a research report on Tuesday, February 6th. Four equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Palantir Technologies currently has an average rating of “Hold” and an average price target of $18.35.

Get Our Latest Stock Analysis on Palantir Technologies

Palantir Technologies Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Palantir Technologies (NYSE:PLTR)

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