Mirae Asset Global Investments Co. Ltd. Purchases 2,604 Shares of Palantir Technologies Inc. (NYSE:PLTR)

Mirae Asset Global Investments Co. Ltd. grew its position in Palantir Technologies Inc. (NYSE:PLTR) by 6.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 45,967 shares of the company’s stock after purchasing an additional 2,604 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Palantir Technologies were worth $789,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of PLTR. DekaBank Deutsche Girozentrale boosted its stake in shares of Palantir Technologies by 7.2% in the 4th quarter. DekaBank Deutsche Girozentrale now owns 233,054 shares of the company’s stock valued at $4,088,000 after purchasing an additional 15,624 shares in the last quarter. Stratos Wealth Advisors LLC boosted its stake in shares of Palantir Technologies by 6.9% in the 4th quarter. Stratos Wealth Advisors LLC now owns 67,848 shares of the company’s stock valued at $1,165,000 after purchasing an additional 4,358 shares in the last quarter. Alpine Woods Capital Investors LLC acquired a new stake in shares of Palantir Technologies in the 4th quarter valued at $687,000. Venture Visionary Partners LLC boosted its stake in shares of Palantir Technologies by 54.7% in the 4th quarter. Venture Visionary Partners LLC now owns 91,104 shares of the company’s stock valued at $1,564,000 after purchasing an additional 32,230 shares in the last quarter. Finally, Prime Capital Investment Advisors LLC boosted its stake in shares of Palantir Technologies by 18.8% in the 4th quarter. Prime Capital Investment Advisors LLC now owns 53,052 shares of the company’s stock valued at $911,000 after purchasing an additional 8,396 shares in the last quarter. Institutional investors own 45.65% of the company’s stock.

Insider Activity

In other news, Director Alexandra W. Schiff sold 5,000 shares of the company’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $24.91, for a total value of $124,550.00. Following the completion of the sale, the director now directly owns 191,783 shares of the company’s stock, valued at approximately $4,777,314.53. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, Director Alexandra W. Schiff sold 5,000 shares of the company’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $24.91, for a total value of $124,550.00. Following the completion of the sale, the director now directly owns 191,783 shares of the company’s stock, valued at approximately $4,777,314.53. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Lauren Elaina Friedman Stat sold 6,000 shares of the company’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $23.68, for a total value of $142,080.00. Following the completion of the sale, the director now directly owns 175,830 shares of the company’s stock, valued at $4,163,654.40. The disclosure for this sale can be found here. Insiders sold a total of 7,456,273 shares of company stock valued at $184,343,202 in the last ninety days. 13.96% of the stock is owned by insiders.

Palantir Technologies Trading Down 0.3 %

Shares of NYSE:PLTR opened at $21.58 on Thursday. The stock has a market capitalization of $47.75 billion, a P/E ratio of 239.80, a P/E/G ratio of 5.14 and a beta of 2.78. Palantir Technologies Inc. has a 1-year low of $7.28 and a 1-year high of $27.50. The business has a 50-day moving average price of $23.57 and a two-hundred day moving average price of $20.00.

Palantir Technologies (NYSE:PLTR) last announced its quarterly earnings data on Monday, February 5th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.01). The firm had revenue of $608.35 million for the quarter, compared to the consensus estimate of $603.48 million. Palantir Technologies had a return on equity of 6.17% and a net margin of 9.43%. As a group, equities analysts predict that Palantir Technologies Inc. will post 0.16 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on PLTR shares. Jefferies Financial Group upgraded shares of Palantir Technologies from an “underperform” rating to a “hold” rating and boosted their target price for the company from $13.00 to $22.00 in a research note on Tuesday, February 6th. Monness Crespi & Hardt downgraded shares of Palantir Technologies from a “neutral” rating to a “sell” rating and set a $20.00 price target on the stock. in a research report on Thursday, March 28th. Bank of America upped their price target on shares of Palantir Technologies from $24.00 to $28.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. Raymond James upped their price target on shares of Palantir Technologies from $22.00 to $25.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 6th. Finally, Royal Bank of Canada reiterated an “underperform” rating and set a $5.00 price target on shares of Palantir Technologies in a research report on Tuesday, February 6th. Four investment analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $18.35.

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.