Palantir Technologies Inc. $PLTR Shares Purchased by FCG Investment Co

FCG Investment Co increased its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 49.0% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 14,233 shares of the company’s stock after buying an additional 4,679 shares during the quarter. Palantir Technologies comprises 1.2% of FCG Investment Co’s holdings, making the stock its 19th largest position. FCG Investment Co’s holdings in Palantir Technologies were worth $2,596,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in Palantir Technologies by 3.6% in the 2nd quarter. Vanguard Group Inc. now owns 205,717,666 shares of the company’s stock valued at $28,043,432,000 after buying an additional 7,194,216 shares during the period. Truist Financial Corp boosted its stake in Palantir Technologies by 4.2% during the second quarter. Truist Financial Corp now owns 537,000 shares of the company’s stock worth $73,204,000 after buying an additional 21,809 shares during the period. State of Michigan Retirement System boosted its stake in Palantir Technologies by 1.3% during the second quarter. State of Michigan Retirement System now owns 938,400 shares of the company’s stock worth $127,923,000 after buying an additional 12,300 shares during the period. Presilium Private Wealth LLC acquired a new stake in shares of Palantir Technologies during the second quarter valued at about $204,000. Finally, New Century Financial Group LLC purchased a new stake in shares of Palantir Technologies in the 2nd quarter valued at approximately $228,000. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Palantir Technologies

In related news, insider Jeffrey Buckley sold 1,252 shares of Palantir Technologies stock in a transaction that occurred on Monday, November 24th. The shares were sold at an average price of $157.50, for a total value of $197,190.00. Following the completion of the transaction, the insider owned 47,044 shares in the company, valued at $7,409,430. The trade was a 2.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Shyam Sankar sold 19,004 shares of the business’s stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $156.25, for a total transaction of $2,969,375.00. Following the transaction, the insider owned 642,786 shares of the company’s stock, valued at $100,435,312.50. This trade represents a 2.87% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 1,008,844 shares of company stock valued at $164,750,951 over the last quarter. Insiders own 9.23% of the company’s stock.

Palantir Technologies Trading Up 4.7%

NASDAQ:PLTR opened at $185.69 on Friday. Palantir Technologies Inc. has a 12-month low of $63.40 and a 12-month high of $207.52. The firm has a market cap of $442.58 billion, a PE ratio of 442.13, a price-to-earnings-growth ratio of 6.87 and a beta of 1.49. The stock has a fifty day moving average price of $179.38 and a 200 day moving average price of $164.99.

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

Wall Street Analyst Weigh In

PLTR has been the subject of a number of research analyst reports. UBS Group increased their price objective on shares of Palantir Technologies from $165.00 to $205.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 4th. 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. Mizuho boosted their price objective on Palantir Technologies from $165.00 to $205.00 and gave the company a “neutral” rating in a report on Tuesday, November 4th. Cantor Fitzgerald increased their target price on Palantir Technologies from $155.00 to $198.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 4th. Finally, The Goldman Sachs Group lifted their target price on Palantir Technologies from $141.00 to $188.00 and gave the company a “neutral” rating in a research report on Tuesday, November 4th. Five analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Palantir Technologies has an average rating of “Hold” and an average target price of $172.28.

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.