Bokf Na Has $779,000 Position in Palantir Technologies Inc. (NYSE:PLTR)

Bokf Na increased its stake in shares of Palantir Technologies Inc. (NYSE:PLTR) by 2.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,739 shares of the company’s stock after buying an additional 700 shares during the quarter. Bokf Na’s holdings in Palantir Technologies were worth $779,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in PLTR. Vantage Financial Partners LLC grew its position in Palantir Technologies by 20.2% during the fourth quarter. Vantage Financial Partners LLC now owns 60,124 shares of the company’s stock worth $1,032,000 after buying an additional 10,124 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Palantir Technologies by 9.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,567,409 shares of the company’s stock valued at $44,091,000 after purchasing an additional 228,428 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its holdings in shares of Palantir Technologies by 44.8% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 24,492 shares of the company’s stock valued at $421,000 after purchasing an additional 7,574 shares in the last quarter. Janney Montgomery Scott LLC boosted its holdings in shares of Palantir Technologies by 3.9% in the 4th quarter. Janney Montgomery Scott LLC now owns 284,995 shares of the company’s stock valued at $4,893,000 after purchasing an additional 10,680 shares in the last quarter. Finally, Panagora Asset Management Inc. boosted its holdings in shares of Palantir Technologies by 185.6% in the 4th quarter. Panagora Asset Management Inc. now owns 76,695 shares of the company’s stock valued at $1,317,000 after purchasing an additional 49,839 shares in the last quarter. Institutional investors and hedge funds own 45.65% of the company’s stock.

Insider Buying and Selling

In other news, Director Eric H. Woersching sold 3,000 shares of Palantir Technologies stock in a transaction dated Tuesday, June 18th. The stock was sold at an average price of $26.00, for a total value of $78,000.00. Following the completion of the transaction, the director now directly owns 32,843 shares of the company’s stock, valued at approximately $853,918. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, Director Eric H. Woersching sold 3,000 shares of Palantir Technologies stock in a transaction dated Tuesday, June 18th. The stock was sold at an average price of $26.00, for a total value of $78,000.00. Following the completion of the transaction, the director now directly owns 32,843 shares of the company’s stock, valued at approximately $853,918. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Eric H. Woersching sold 3,026 shares of Palantir Technologies stock in a transaction dated Tuesday, July 9th. The stock was sold at an average price of $28.00, for a total value of $84,728.00. Following the completion of the transaction, the director now directly owns 29,817 shares of the company’s stock, valued at $834,876. The disclosure for this sale can be found here. Insiders sold a total of 880,238 shares of company stock valued at $27,776,572 in the last three months. Insiders own 12.93% of the company’s stock.

Palantir Technologies Stock Up 1.9 %

Shares of NYSE:PLTR opened at $35.59 on Monday. The firm has a market cap of $79.26 billion, a P/E ratio of 296.58, a P/E/G ratio of 6.15 and a beta of 2.72. Palantir Technologies Inc. has a 12-month low of $13.68 and a 12-month high of $36.01. The business has a fifty day simple moving average of $29.69 and a 200 day simple moving average of $25.50.

Palantir Technologies (NYSE:PLTR) last announced its earnings results on Monday, August 5th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.01). The company had revenue of $678.13 million for the quarter, compared to the consensus estimate of $653.23 million. Palantir Technologies had a return on equity of 8.88% and a net margin of 16.32%. The firm’s revenue for the quarter was up 27.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.01 earnings per share. As a group, equities research analysts expect that Palantir Technologies Inc. will post 0.19 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. DA Davidson raised their target price on Palantir Technologies from $24.00 to $28.00 and gave the company a “neutral” rating in a report on Tuesday, August 6th. Jefferies Financial Group raised their target price on Palantir Technologies from $24.00 to $28.00 and gave the company a “hold” rating in a report on Monday, July 29th. Monness Crespi & Hardt reduced their target price on Palantir Technologies from $20.00 to $18.00 and set a “sell” rating on the stock in a report on Tuesday, August 6th. Argus initiated coverage on Palantir Technologies in a report on Monday, June 17th. They issued a “buy” rating and a $29.00 target price on the stock. Finally, Raymond James increased their price target on Palantir Technologies from $25.00 to $30.00 and gave the company an “outperform” rating in a research note on Tuesday, August 6th. Five analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $26.79.

Palantir Technologies 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.