Vestmark Advisory Solutions Inc. Has $12.73 Million Stake in Palantir Technologies Inc. (NASDAQ:PLTR)

Vestmark Advisory Solutions Inc. decreased its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 46.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 150,882 shares of the company’s stock after selling 131,005 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in Palantir Technologies were worth $12,734,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Assenagon Asset Management S.A. increased its holdings in Palantir Technologies by 15.0% in the first quarter. Assenagon Asset Management S.A. now owns 49,651 shares of the company’s stock worth $4,191,000 after buying an additional 6,479 shares during the last quarter. Garrison Bradford & Associates Inc. acquired a new position in Palantir Technologies in the first quarter worth approximately $45,000. Menard Financial Group LLC increased its holdings in Palantir Technologies by 8.2% in the first quarter. Menard Financial Group LLC now owns 25,938 shares of the company’s stock worth $2,189,000 after buying an additional 1,964 shares during the last quarter. TCW Group Inc. increased its holdings in Palantir Technologies by 14.5% in the first quarter. TCW Group Inc. now owns 32,031 shares of the company’s stock worth $2,703,000 after buying an additional 4,068 shares during the last quarter. Finally, Sagespring Wealth Partners LLC increased its holdings in Palantir Technologies by 36.3% in the first quarter. Sagespring Wealth Partners LLC now owns 24,054 shares of the company’s stock worth $2,030,000 after buying an additional 6,405 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 recently commented on PLTR. Loop Capital increased their price objective on Palantir Technologies from $178.00 to $180.00 and gave the stock a “buy” rating in a report on Tuesday, August 5th. Deutsche Bank Aktiengesellschaft upgraded Palantir Technologies from a “sell” rating to a “hold” rating and increased their price target for the company from $80.00 to $160.00 in a report on Tuesday, August 5th. Wedbush set a $200.00 price target on Palantir Technologies and gave the company an “outperform” rating in a report on Tuesday, August 5th. Royal Bank Of Canada increased their price target on Palantir Technologies from $40.00 to $45.00 and gave the company an “underperform” rating in a report on Tuesday, August 5th. Finally, Citigroup reiterated a “neutral” rating and set a $177.00 price target (up previously from $158.00) on shares of Palantir Technologies in a report on Tuesday, August 5th. Two analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $136.61.

Insider Transactions at Palantir Technologies

In other Palantir Technologies news, insider David A. Glazer sold 30,812 shares of Palantir Technologies stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $126.39, for a total transaction of $3,894,328.68. Following the completion of the transaction, the insider directly owned 495,497 shares of the company’s stock, valued at approximately $62,625,865.83. This trade represents a 5.85% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Shyam Sankar sold 405,000 shares of Palantir Technologies stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $132.08, for a total value of $53,492,400.00. Following the transaction, the insider directly owned 702,786 shares of the company’s stock, valued at approximately $92,823,974.88. The trade was a 36.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,515,632 shares of company stock valued at $196,472,623 over the last 90 days. Corporate insiders own 9.23% of the company’s stock.

Palantir Technologies Price Performance

Shares of PLTR stock opened at $184.37 on Thursday. The stock has a market cap of $435.10 billion, a P/E ratio of 614.59, a price-to-earnings-growth ratio of 10.54 and a beta of 2.60. Palantir Technologies Inc. has a one year low of $29.31 and a one year high of $190.00. The stock has a fifty day moving average price of $148.82 and a 200 day moving average price of $117.81.

Palantir Technologies (NASDAQ:PLTR) last issued its earnings results on Monday, August 4th. The company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.14 by $0.02. The firm had revenue of $1 billion during the quarter, compared to analysts’ expectations of $939.29 million. Palantir Technologies had a return on equity of 10.75% and a net margin of 22.18%. Palantir Technologies’s quarterly revenue was up 48.0% compared to the same quarter last year. During the same period last year, the business earned $0.09 earnings per share. Equities research analysts anticipate that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Palantir Technologies Profile

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.