DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Has $47.64 Million Stock Holdings in Palantir Technologies Inc. (NASDAQ:PLTR)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lowered its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 17.1% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 629,918 shares of the company’s stock after selling 129,715 shares during the quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main’s holdings in Palantir Technologies were worth $47,641,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Roxbury Financial LLC acquired a new stake in shares of Palantir Technologies in the fourth quarter valued at about $27,000. First PREMIER Bank bought a new stake in Palantir Technologies in the fourth quarter valued at approximately $28,000. Wolff Wiese Magana LLC increased its position in Palantir Technologies by 230.4% during the 4th quarter. Wolff Wiese Magana LLC now owns 380 shares of the company’s stock valued at $29,000 after purchasing an additional 265 shares during the period. HighMark Wealth Management LLC raised its holdings in Palantir Technologies by 73.5% during the 4th quarter. HighMark Wealth Management LLC now owns 392 shares of the company’s stock worth $30,000 after purchasing an additional 166 shares during the last quarter. Finally, Sierra Ocean LLC acquired a new position in shares of Palantir Technologies in the 4th quarter worth approximately $31,000. Institutional investors own 45.65% of the company’s stock.

Insider Buying and Selling

In other Palantir Technologies news, Director Alexandra W. Schiff sold 6,776 shares of the stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $86.63, for a total value of $587,004.88. Following the completion of the sale, the director now owns 184,617 shares in the company, valued at approximately $15,993,370.71. This trade represents a 3.54 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Heather A. Planishek sold 13,891 shares of Palantir Technologies stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $115.96, for a total transaction 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 position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 2,978,181 shares of company stock worth $252,115,667. 12.93% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have recently weighed in on PLTR. Wedbush set a $140.00 price objective on shares of Palantir Technologies and gave the stock an “outperform” rating in a research report on Tuesday. Jefferies Financial Group increased their price target on Palantir Technologies from $28.00 to $60.00 and gave the stock an “underperform” rating in a report on Tuesday, February 4th. Loop Capital boosted their price objective on Palantir Technologies from $125.00 to $130.00 and gave the company a “buy” rating in a research note on Tuesday. The Goldman Sachs Group raised their target price on Palantir Technologies from $80.00 to $90.00 and gave the stock a “neutral” rating in a research note on Tuesday. Finally, Daiwa America raised Palantir Technologies to a “hold” rating in a research note on Tuesday, April 1st. Five equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $83.95.

Palantir Technologies Trading Up 8.0 %

Palantir Technologies stock opened at $119.32 on Friday. The firm’s fifty day moving average price is $93.57 and its two-hundred day moving average price is $81.48. The firm has a market capitalization of $279.85 billion, a price-to-earnings ratio of 628.04, a price-to-earnings-growth ratio of 10.84 and a beta of 2.68. Palantir Technologies Inc. has a 1-year low of $20.50 and a 1-year high of $125.41.

Palantir Technologies (NASDAQ:PLTR) last released 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 business 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 quarterly revenue was up 39.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.08 EPS. On average, research analysts forecast that Palantir Technologies Inc. will post 0.31 EPS 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.