Palantir Technologies Inc. (NYSE:PLTR) Stock Position Increased by Allianz Asset Management GmbH

Allianz Asset Management GmbH increased its position in shares of Palantir Technologies Inc. (NYSE:PLTRFree Report) by 17.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 156,302 shares of the company’s stock after acquiring an additional 23,537 shares during the period. Allianz Asset Management GmbH’s holdings in Palantir Technologies were worth $2,684,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PLTR. Truvestments Capital LLC grew its stake in shares of Palantir Technologies by 74.9% in the 3rd quarter. Truvestments Capital LLC now owns 1,635 shares of the company’s stock worth $26,000 after purchasing an additional 700 shares during the last quarter. First United Bank & Trust acquired a new position in Palantir Technologies in the fourth quarter worth approximately $26,000. Pacifica Partners Inc. bought a new position in shares of Palantir Technologies in the fourth quarter valued at $27,000. GAMMA Investing LLC acquired a new stake in shares of Palantir Technologies during the 4th quarter valued at $33,000. Finally, Provence Wealth Management Group bought a new stake in shares of Palantir Technologies during the 3rd quarter worth $34,000. 45.65% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Palantir Technologies

In other news, Director Peter Thiel sold 7,044,756 shares of the stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $24.79, for a total transaction of $174,639,501.24. Following the transaction, the director now owns 70,806,432 shares of the company’s stock, valued at approximately $1,755,291,449.28. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Palantir Technologies news, Director Alexandra W. Schiff sold 5,000 shares of the business’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $22.74, for a total transaction of $113,700.00. Following the completion of the transaction, the director now owns 186,783 shares of the company’s stock, valued at approximately $4,247,445.42. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Peter Thiel sold 7,044,756 shares of the company’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $24.79, for a total transaction of $174,639,501.24. Following the sale, the director now owns 70,806,432 shares of the company’s stock, valued at $1,755,291,449.28. The disclosure for this sale can be found here. Insiders have sold a total of 18,374,894 shares of company stock worth $413,597,314 over the last three months. Corporate insiders own 12.93% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on PLTR. Citigroup boosted their target price on Palantir Technologies from $23.00 to $25.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 7th. Royal Bank of Canada upped their price objective 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. Monness Crespi & Hardt raised shares of Palantir Technologies from a “sell” rating to a “neutral” rating in a research report on Friday, April 26th. DA Davidson upped their price target on shares of Palantir Technologies from $19.00 to $24.00 and gave the company a “neutral” rating in a research report on Tuesday, May 7th. Finally, William Blair reiterated an “underperform” rating on shares of Palantir Technologies in a research report on Tuesday, May 7th. Five research analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $20.65.

View Our Latest Analysis on PLTR

Palantir Technologies Stock Performance

NYSE:PLTR opened at $23.31 on Friday. The company has a market capitalization of $51.91 billion, a P/E ratio of 194.27, a P/E/G ratio of 5.30 and a beta of 2.70. The stock’s 50 day moving average price is $21.97 and its 200 day moving average price is $20.91. Palantir Technologies Inc. has a 52 week low of $13.56 and a 52 week high of $27.50.

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

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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