B. Metzler seel. Sohn & Co. AG Has $26.71 Million Holdings in Palantir Technologies Inc. $PLTR

B. Metzler seel. Sohn & Co. AG lifted its position in Palantir Technologies Inc. (NASDAQ:PLTRFree Report) by 65.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 146,397 shares of the company’s stock after purchasing an additional 57,996 shares during the quarter. B. Metzler seel. Sohn & Co. AG’s holdings in Palantir Technologies were worth $26,705,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. LFA Lugano Financial Advisors SA acquired a new position in shares of Palantir Technologies in the 2nd quarter valued at $27,000. Bare Financial Services Inc boosted its position in shares of Palantir Technologies by 54.5% during the 3rd quarter. Bare Financial Services Inc now owns 156 shares of the company’s stock valued at $28,000 after acquiring an additional 55 shares in the last quarter. Delos Wealth Advisors LLC bought a new stake in Palantir Technologies in the second quarter valued at about $29,000. Zeit Capital LLC bought a new stake in Palantir Technologies in the second quarter valued at about $30,000. Finally, Financial Consulate Inc. acquired a new position in Palantir Technologies in the third quarter worth about $30,000. 45.65% of the stock is owned by institutional investors.

Palantir Technologies Trading Up 2.9%

NASDAQ PLTR opened at $157.16 on Friday. The firm has a market cap of $375.88 billion, a price-to-earnings ratio of 249.46, a PEG ratio of 3.02 and a beta of 1.70. The company has a 50 day moving average of $155.48 and a 200-day moving average of $168.99. Palantir Technologies Inc. has a 1-year low of $66.12 and a 1-year high of $207.52.

Palantir Technologies (NASDAQ:PLTRGet Free Report) last posted its earnings results on Monday, February 2nd. The company reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.02. The company had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.34 billion. Palantir Technologies had a net margin of 36.31% and a return on equity of 23.81%. Palantir Technologies’s quarterly revenue was up 70.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.14 earnings per share. On average, analysts forecast that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Analysts Set New Price Targets

PLTR has been the topic of a number of recent research reports. Northland Securities raised Palantir Technologies from a “market perform” rating to an “outperform” rating and set a $190.00 price objective on the stock in a report on Tuesday, February 3rd. Truist Financial assumed coverage on Palantir Technologies in a research report on Tuesday, January 6th. They set a “buy” rating and a $223.00 target price for the company. DA Davidson decreased their price target on Palantir Technologies from $215.00 to $180.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 3rd. CICC Research upped their price target on Palantir Technologies from $128.00 to $150.00 and gave the company a “neutral” rating in a research report on Wednesday, November 12th. Finally, Citigroup increased their price objective on Palantir Technologies from $235.00 to $260.00 and gave the stock a “buy” rating in a research note on Tuesday, February 3rd. Two research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, Palantir Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $192.68.

Read Our Latest Analysis on Palantir Technologies

Insider Transactions at Palantir Technologies

In other Palantir Technologies news, insider Shyam Sankar sold 168,004 shares of the business’s stock in a transaction on Friday, February 20th. The stock was sold at an average price of $133.72, for a total value of $22,465,494.88. Following the transaction, the insider owned 642,786 shares of the company’s stock, valued at approximately $85,953,343.92. The trade was a 20.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Ryan D. Taylor sold 19,988 shares of the stock in a transaction on Friday, February 20th. The stock was sold at an average price of $133.72, for a total value of $2,672,795.36. Following the sale, the insider owned 219,421 shares in the company, valued at $29,340,976.12. The trade was a 8.35% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 1,054,279 shares of company stock worth $142,212,233. 9.23% of the stock is owned by company insiders.

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Palantir Technologies Profile

(Free Report)

Palantir Technologies is a software company that develops data integration, analytics and operational decision-making platforms for government and commercial customers. Founded in 2003 by a team that included Alex Karp and Peter Thiel, Palantir has grown into a provider of enterprise-scale software designed to help organizations integrate disparate data sources, build analytic models and drive operational workflows. The company went public in 2020 and continues to position its products around large, complex data projects where security, provenance and real-time collaboration are important.

Palantir’s product portfolio centers on a small number of core platforms.

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Institutional Ownership by Quarter for Palantir Technologies (NASDAQ:PLTR)

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