Colonial Trust Co SC Purchases 890 Shares of Palantir Technologies Inc. (NASDAQ:PLTR)

Colonial Trust Co SC boosted its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 200.9% during the 4th quarter, HoldingsChannel.com reports. The fund owned 1,333 shares of the company’s stock after buying an additional 890 shares during the quarter. Colonial Trust Co SC’s holdings in Palantir Technologies were worth $101,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in PLTR. Franklin Resources Inc. grew its holdings in Palantir Technologies by 102.3% during the third quarter. Franklin Resources Inc. now owns 171,653 shares of the company’s stock worth $6,385,000 after purchasing an additional 86,793 shares during the period. Principal Financial Group Inc. boosted its stake in shares of Palantir Technologies by 226.2% during the 3rd quarter. Principal Financial Group Inc. now owns 2,839,680 shares of the company’s stock worth $105,636,000 after acquiring an additional 1,969,213 shares during the period. First Hawaiian Bank increased its holdings in shares of Palantir Technologies by 36.5% during the 4th quarter. First Hawaiian Bank now owns 15,434 shares of the company’s stock worth $1,167,000 after acquiring an additional 4,131 shares during the last quarter. Watts Gwilliam & Co. LLC bought a new stake in Palantir Technologies in the 4th quarter valued at $237,000. Finally, Baker Tilly Wealth Management LLC lifted its holdings in Palantir Technologies by 7.3% during the 4th quarter. Baker Tilly Wealth Management LLC now owns 21,607 shares of the company’s stock valued at $1,634,000 after purchasing an additional 1,473 shares during the last quarter. Institutional investors and hedge funds own 45.65% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on PLTR. William Blair set a $84.00 price objective on shares of Palantir Technologies in a report on Wednesday, March 5th. Bank of America increased their price target on shares of Palantir Technologies from $90.00 to $125.00 and gave the company a “buy” rating in a report on Tuesday, February 4th. DA Davidson boosted their price objective on Palantir Technologies from $100.00 to $115.00 and gave the stock a “neutral” rating in a report on Tuesday. Citigroup increased their target price on Palantir Technologies from $110.00 to $115.00 and gave the stock a “neutral” rating in a research note on Thursday. Finally, The Goldman Sachs Group boosted their price target on Palantir Technologies from $80.00 to $90.00 and gave the company a “neutral” rating in a research note on Tuesday. Five investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $83.95.

Insiders Place Their Bets

In other Palantir Technologies news, insider Stephen Andrew Cohen sold 1,250,000 shares of the company’s stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $82.75, for a total value of $103,437,500.00. Following the completion of the transaction, the insider now owns 592 shares of the company’s stock, valued at $48,988. This represents a 99.95 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Lauren Elaina Friedman Stat sold 800 shares of the stock in a transaction dated Thursday, April 3rd. The shares were sold at an average price of $81.25, for a total value of $65,000.00. Following the completion of the transaction, the director now owns 61,339 shares of the company’s stock, valued at $4,983,793.75. This represents a 1.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 2,978,181 shares of company stock valued at $252,115,667. 12.93% of the stock is currently owned by corporate insiders.

Palantir Technologies Trading Up 8.0 %

NASDAQ PLTR opened at $119.32 on Friday. The firm’s 50 day simple moving average is $93.57 and its 200 day simple moving average is $81.48. The firm has a market capitalization of $279.85 billion, a price-to-earnings ratio of 628.04, a P/E/G 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 issued its earnings results on Monday, May 5th. The company reported $0.13 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.13. Palantir Technologies had a return on equity of 6.85% and a net margin of 16.13%. The firm had revenue of $883.86 million for the quarter, compared to the consensus estimate of $863.89 million. During the same quarter last year, the business posted $0.08 EPS. The company’s revenue was up 39.4% compared to the same quarter last year. On average, equities research analysts forecast 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.