Crossmark Global Holdings Inc. Increases Stock Holdings in Palantir Technologies Inc. (NASDAQ:PLTR)

Crossmark Global Holdings Inc. increased its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTRFree Report) by 5.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 215,068 shares of the company’s stock after buying an additional 10,288 shares during the period. Crossmark Global Holdings Inc.’s holdings in Palantir Technologies were worth $18,152,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in the company. Richardson Capital Management LLC acquired a new stake in shares of Palantir Technologies in the 1st quarter worth $33,000. Summit Securities Group LLC acquired a new stake in shares of Palantir Technologies in the 4th quarter worth $34,000. Atlantic Edge Private Wealth Management LLC grew its holdings in shares of Palantir Technologies by 45.5% during the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 400 shares of the company’s stock worth $34,000 after purchasing an additional 125 shares during the period. Godsey & Gibb Inc. grew its holdings in shares of Palantir Technologies by 740.0% during the 1st quarter. Godsey & Gibb Inc. now owns 420 shares of the company’s stock worth $35,000 after purchasing an additional 370 shares during the period. Finally, Runnymede Capital Advisors Inc. purchased a new position in shares of Palantir Technologies during the 4th quarter worth $36,000. 45.65% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

PLTR has been the subject of a number of research analyst reports. The Goldman Sachs Group increased their price target on Palantir Technologies from $80.00 to $90.00 and gave the stock a “neutral” rating in a report on Tuesday, May 6th. Citigroup increased their price target on Palantir Technologies from $110.00 to $115.00 and gave the stock a “neutral” rating in a report on Thursday, May 8th. Daiwa America upgraded Palantir Technologies to a “hold” rating in a report on Tuesday, April 1st. Royal Bank Of Canada reiterated an “underperform” rating on shares of Palantir Technologies in a report on Tuesday, May 6th. Finally, UBS Group reaffirmed a “positive” rating on shares of Palantir Technologies in a research report on Wednesday, June 25th. Five analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $89.32.

View Our Latest Research Report on PLTR

Insider Activity at Palantir Technologies

In other Palantir Technologies news, insider Shyam Sankar sold 405,000 shares of Palantir Technologies stock in a transaction that occurred on Tuesday, June 10th. The stock was sold at an average price of $132.08, for a total transaction of $53,492,400.00. Following the transaction, the insider owned 702,786 shares of the company’s stock, valued at $92,823,974.88. The trade was a 36.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Ryan D. Taylor sold 35,480 shares of Palantir Technologies stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $126.39, for a total value of $4,484,317.20. Following the transaction, the insider directly owned 367,691 shares in the company, valued at approximately $46,472,465.49. This trade represents a 8.80% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,451,497 shares of company stock valued at $186,110,685 over the last 90 days. 12.93% of the stock is owned by insiders.

Palantir Technologies Stock Performance

Shares of NASDAQ PLTR opened at $134.27 on Monday. Palantir Technologies Inc. has a fifty-two week low of $21.23 and a fifty-two week high of $148.22. The firm has a market capitalization of $316.85 billion, a PE ratio of 583.76, a price-to-earnings-growth ratio of 11.47 and a beta of 2.59. The stock’s 50-day simple moving average is $128.47 and its 200-day simple moving average is $101.88.

Palantir Technologies (NASDAQ:PLTRGet Free Report) last issued its earnings results on Monday, May 5th. The company reported $0.13 earnings per share for the quarter, hitting the consensus estimate of $0.13. Palantir Technologies had a return on equity of 6.55% and a net margin of 18.32%. The business had revenue of $883.86 million for the quarter, compared to analyst estimates of $863.89 million. During the same quarter last year, the company earned $0.08 EPS. The business’s quarterly revenue was up 39.4% on a year-over-year basis. On average, sell-side analysts forecast that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

About Palantir Technologies

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding PLTR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Palantir Technologies Inc. (NASDAQ:PLTRFree Report).

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

Receive News & Ratings for Palantir Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Palantir Technologies and related companies with MarketBeat.com's FREE daily email newsletter.