Massmutual Trust Co. FSB ADV Has $31,000 Stock Position in Palantir Technologies Inc. (NYSE:PLTR)

Massmutual Trust Co. FSB ADV raised its stake in Palantir Technologies Inc. (NYSE:PLTR) by 105.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,347 shares of the company’s stock after acquiring an additional 691 shares during the quarter. Massmutual Trust Co. FSB ADV’s holdings in Palantir Technologies were worth $31,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Pursue Wealth Partners LLC acquired a new position in Palantir Technologies during the 4th quarter valued at about $1,741,000. Vanguard Group Inc. grew its stake in Palantir Technologies by 3.5% in the fourth quarter. Vanguard Group Inc. now owns 193,805,263 shares of the company’s stock valued at $3,327,636,000 after acquiring an additional 6,466,596 shares during the period. Trexquant Investment LP bought a new stake in shares of Palantir Technologies in the third quarter worth about $4,446,000. Raymond James Financial Services Advisors Inc. raised its position in shares of Palantir Technologies by 10.8% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 1,196,790 shares of the company’s stock worth $20,549,000 after purchasing an additional 116,220 shares during the period. Finally, Udine Wealth Management Inc. bought a new position in shares of Palantir Technologies during the 4th quarter valued at about $1,612,000. Institutional investors and hedge funds own 45.65% of the company’s stock.

Insider Buying and Selling

In other Palantir Technologies news, Director Eric H. Woersching sold 3,000 shares of the business’s stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $24.24, for a total value of $72,720.00. Following the completion of the sale, the director now owns 35,843 shares of the company’s stock, valued at approximately $868,834.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Eric H. Woersching sold 26,000 shares of the business’s stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $23.32, for a total value of $606,320.00. Following the completion of the transaction, the director now owns 38,843 shares of the company’s stock, valued at $905,818.76. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Eric H. Woersching sold 3,000 shares of the stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $24.24, for a total transaction of $72,720.00. Following the sale, the director now owns 35,843 shares in the company, valued at $868,834.32. The disclosure for this sale can be found here. Over the last three months, insiders have sold 11,374,153 shares of company stock valued at $239,976,945. 12.93% of the stock is owned by company insiders.

Palantir Technologies Stock Performance

Shares of PLTR opened at $23.84 on Friday. The firm’s 50-day simple moving average is $22.29 and its 200 day simple moving average is $21.24. The firm has a market cap of $53.09 billion, a P/E ratio of 198.68, a price-to-earnings-growth ratio of 5.90 and a beta of 2.70. Palantir Technologies Inc. has a 52 week low of $13.56 and a 52 week high of $27.50.

Palantir Technologies (NYSE:PLTR) last announced its earnings results on Monday, May 6th. The company reported $0.04 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.04. The company had revenue of $634.34 million for the quarter, compared to analyst estimates of $614.88 million. Palantir Technologies had a return on equity of 8.28% and a net margin of 12.79%. As a group, equities analysts forecast that Palantir Technologies Inc. will post 0.16 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have weighed in on PLTR. Royal Bank of Canada lifted their price target on shares of Palantir Technologies from $5.00 to $9.00 and gave the company an “underperform” rating in a research note on Tuesday, May 7th. DA Davidson boosted their price target on shares of Palantir Technologies from $19.00 to $24.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 7th. Argus began coverage on Palantir Technologies in a report on Monday, June 17th. They issued a “buy” rating and a $29.00 price objective for the company. Bank of America upped their target price on Palantir Technologies from $24.00 to $28.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. Finally, Citigroup raised their price target on Palantir Technologies from $23.00 to $25.00 and gave the company a “neutral” rating in a research note on Tuesday, May 7th. Six equities research analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $21.25.

Palantir Technologies Company Profile

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.