Palantir Technologies Inc. (NYSE:PLTR) Shares Bought by PFG Advisors

PFG Advisors boosted its position in shares of Palantir Technologies Inc. (NYSE:PLTRFree Report) by 10.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,069 shares of the company’s stock after buying an additional 1,940 shares during the period. PFG Advisors’ holdings in Palantir Technologies were worth $362,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in PLTR. Qsemble Capital Management LP acquired a new position in shares of Palantir Technologies in the third quarter valued at approximately $1,178,000. Trexquant Investment LP purchased a new stake in shares of Palantir Technologies in the third quarter valued at approximately $4,446,000. Victory Capital Management Inc. boosted its stake in shares of Palantir Technologies by 3.9% in the third quarter. Victory Capital Management Inc. now owns 684,953 shares of the company’s stock valued at $10,959,000 after buying an additional 25,787 shares in the last quarter. Korea Investment CORP boosted its stake in shares of Palantir Technologies by 148.4% in the third quarter. Korea Investment CORP now owns 193,957 shares of the company’s stock valued at $3,103,000 after buying an additional 115,876 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. boosted its stake in shares of Palantir Technologies by 10.8% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 1,196,790 shares of the company’s stock valued at $20,549,000 after buying an additional 116,220 shares in the last quarter. Institutional investors and hedge funds own 45.65% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on PLTR. HSBC downgraded Palantir Technologies from a “buy” rating to a “hold” rating and set a $22.00 price target on the stock. in a research note on Wednesday, February 14th. Mizuho lifted their price target on Palantir Technologies from $18.00 to $21.00 and gave the company a “neutral” rating in a research note on Thursday, March 7th. Wedbush restated an “outperform” rating and issued a $35.00 price target (up from $30.00) on shares of Palantir Technologies in a research note on Friday, March 8th. Citigroup upgraded Palantir Technologies from a “sell” rating to a “neutral” rating and boosted their target price for the stock from $10.00 to $20.00 in a research report on Tuesday, February 6th. Finally, Monness Crespi & Hardt downgraded Palantir Technologies from a “neutral” rating to a “sell” rating and set a $20.00 target price on the stock. in a research report on Thursday, March 28th. Four research analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $18.35.

Read Our Latest Report on PLTR

Palantir Technologies Stock Down 0.6 %

Shares of NYSE:PLTR opened at $22.73 on Wednesday. Palantir Technologies Inc. has a 52-week low of $7.28 and a 52-week high of $27.50. The stock’s fifty day simple moving average is $22.87 and its 200-day simple moving average is $19.26. The company has a market capitalization of $50.30 billion, a P/E ratio of 252.56, a P/E/G ratio of 5.64 and a beta of 2.78.

Palantir Technologies (NYSE:PLTRGet Free Report) last issued its quarterly earnings data on Monday, February 5th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.01). Palantir Technologies had a net margin of 9.43% and a return on equity of 6.17%. The company had revenue of $608.35 million during the quarter, compared to analysts’ expectations of $603.48 million. On average, sell-side analysts anticipate that Palantir Technologies Inc. will post 0.16 earnings per share for the current year.

Insider Activity at Palantir Technologies

In related news, insider Heather A. Planishek sold 32,828 shares of the company’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $25.95, for a total value of $851,886.60. Following the completion of the transaction, the insider now directly owns 662,006 shares in the company, valued at $17,179,055.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Heather A. Planishek sold 32,828 shares of the company’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $25.95, for a total value of $851,886.60. Following the completion of the transaction, the insider now directly owns 662,006 shares in the company, valued at $17,179,055.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Ryan D. Taylor sold 120,000 shares of the company’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $22.00, for a total value of $2,640,000.00. Following the completion of the transaction, the insider now owns 181,460 shares of the company’s stock, valued at $3,992,120. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 7,451,273 shares of company stock worth $184,229,502. 13.96% of the stock is currently owned by insiders.

About Palantir Technologies

(Free Report)

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.

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

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