Amundi Has $1.49 Billion Holdings in Palantir Technologies Inc. $PLTR

Amundi grew its position in Palantir Technologies Inc. (NASDAQ:PLTR) by 6.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,305,957 shares of the company’s stock after purchasing an additional 685,656 shares during the quarter. Amundi owned about 0.48% of Palantir Technologies worth $1,493,743,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in PLTR. Signature Resources Capital Management LLC acquired a new stake in shares of Palantir Technologies during the second quarter worth $25,000. Wealth Preservation Advisors LLC bought a new position in Palantir Technologies during the first quarter worth about $27,000. 1248 Management LLC acquired a new stake in Palantir Technologies in the 1st quarter worth about $27,000. Briaud Financial Planning Inc acquired a new stake in Palantir Technologies in the 2nd quarter worth about $27,000. Finally, LFA Lugano Financial Advisors SA bought a new stake in Palantir Technologies in the 2nd quarter valued at about $27,000. Institutional investors own 45.65% of the company’s stock.

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, insider Stephen Andrew Cohen sold 39,136 shares of the company’s stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $156.25, for a total value of $6,115,000.00. Following the completion of the transaction, the insider owned 592 shares of the company’s stock, valued at $92,500. This represents a 98.51% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Shyam Sankar sold 19,004 shares of Palantir Technologies stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $156.25, for a total value of $2,969,375.00. Following the sale, the insider directly owned 642,786 shares in the company, valued at $100,435,312.50. The trade was a 2.87% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 1,029,844 shares of company stock worth $168,161,111 over the last three months. 9.23% of the stock is owned by corporate insiders.

Palantir Technologies Trading Up 1.0%

Shares of Palantir Technologies stock opened at $177.92 on Friday. The firm’s 50 day moving average is $178.91 and its 200 day moving average is $160.82. The firm has a market capitalization of $424.06 billion, a PE ratio of 423.63, a price-to-earnings-growth ratio of 6.83 and a beta of 1.49. Palantir Technologies Inc. has a 1 year low of $63.40 and a 1 year high of $207.52.

Palantir Technologies (NASDAQ:PLTR) last issued its earnings results on Monday, November 3rd. The company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.04. The firm had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.09 billion. Palantir Technologies had a net margin of 28.11% and a return on equity of 15.48%. The company’s quarterly revenue was up 62.8% on a year-over-year basis. During the same quarter last year, the business posted $0.10 earnings per share. As a group, research analysts anticipate that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on PLTR. Deutsche Bank Aktiengesellschaft increased their price target on Palantir Technologies from $160.00 to $200.00 and gave the stock a “hold” rating in a research report on Tuesday, November 4th. Citigroup increased their target price on Palantir Technologies from $190.00 to $210.00 and gave the stock a “neutral” rating in a report on Wednesday, November 5th. Robert W. Baird raised their price target on Palantir Technologies from $170.00 to $200.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 4th. The Goldman Sachs Group upped their price objective on shares of Palantir Technologies from $141.00 to $188.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 4th. Finally, Morgan Stanley raised their target price on shares of Palantir Technologies from $155.00 to $205.00 and gave the company an “equal weight” rating in a report on Tuesday, November 4th. Four research analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $172.28.

About Palantir Technologies

Palantir Technologies, Inc engages in the business of building and deploying software platforms that serve as the central operating systems for its customers. It operates under the Commercial and Government segments. The Commercial segment focuses on customers working in non-government industries. The Government segment is involved in providing services to customers that are the United States government and non-United States government agencies.