2,810 Shares in Palantir Technologies Inc. $PLTR Purchased by Central Pacific Bank Trust Division

Central Pacific Bank Trust Division bought a new stake in Palantir Technologies Inc. (NASDAQ:PLTR) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 2,810 shares of the company’s stock, valued at approximately $513,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Norges Bank purchased a new stake in Palantir Technologies during the second quarter worth about $3,307,457,000. Kingstone Capital Partners Texas LLC purchased a new position in Palantir Technologies in the second quarter valued at about $2,543,888,000. Vanguard Group Inc. lifted its position in shares of Palantir Technologies by 3.6% during the 2nd quarter. Vanguard Group Inc. now owns 205,717,666 shares of the company’s stock valued at $28,043,432,000 after acquiring an additional 7,194,216 shares during the period. State Street Corp lifted its position in shares of Palantir Technologies by 6.9% during the 2nd quarter. State Street Corp now owns 94,481,128 shares of the company’s stock valued at $12,879,667,000 after acquiring an additional 6,097,629 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its stake in shares of Palantir Technologies by 55.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 13,346,061 shares of the company’s stock worth $1,126,408,000 after acquiring an additional 4,748,513 shares in the last quarter. 45.65% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

PLTR has been the subject of several research analyst reports. Wall Street Zen downgraded Palantir Technologies from a “buy” rating to a “hold” rating in a research note on Friday, November 28th. The Goldman Sachs Group upped their target price on Palantir Technologies from $141.00 to $188.00 and gave the company a “neutral” rating in a report on Tuesday, November 4th. Jefferies Financial Group reaffirmed an “underperform” rating on shares of Palantir Technologies in a research note on Tuesday, November 4th. Daiwa Capital Markets increased their price objective on shares of Palantir Technologies from $178.00 to $200.00 and gave the company a “neutral” rating in a research note on Thursday, November 6th. Finally, Northland Securities raised their target price on shares of Palantir Technologies from $14.00 to $18.50 in a report on Tuesday, November 4th. Five equities research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $172.28.

Insiders Place Their Bets

In other Palantir Technologies news, insider Stephen Andrew Cohen sold 308,635 shares of the business’s stock in a transaction on Thursday, November 20th. The stock was sold at an average price of $163.99, for a total value of $50,613,053.65. Following the completion of the transaction, the insider directly owned 592 shares in the company, valued at approximately $97,082.08. The trade was a 99.81% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Shyam Sankar sold 149,872 shares of the stock in a transaction on Thursday, November 20th. The stock was sold at an average price of $163.99, for a total value of $24,577,509.28. Following the transaction, the insider directly owned 642,786 shares in the company, valued at approximately $105,410,476.14. This represents a 18.91% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 1,017,844 shares of company stock valued at $166,349,351. 12.93% of the stock is currently owned by insiders.

Palantir Technologies Stock Up 2.5%

Shares of NASDAQ:PLTR opened at $187.75 on Wednesday. The company has a market capitalization of $447.49 billion, a P/E ratio of 447.03, a P/E/G ratio of 7.10 and a beta of 1.49. Palantir Technologies Inc. has a 52-week low of $63.40 and a 52-week high of $207.52. The stock’s fifty day simple moving average is $179.50 and its 200-day simple moving average is $164.76.

Palantir Technologies (NASDAQ:PLTR) last posted its quarterly earnings data on Monday, November 3rd. The company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.04. The firm had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.09 billion. Palantir Technologies had a return on equity of 15.48% and a net margin of 28.11%.The firm’s quarterly revenue was up 62.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.10 EPS. On average, sell-side analysts anticipate that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Palantir Technologies Company Profile

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.