Czech National Bank Acquires 24,730 Shares of Palantir Technologies Inc. $PLTR

Czech National Bank raised its holdings in Palantir Technologies Inc. (NASDAQ:PLTRFree Report) by 4.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 602,344 shares of the company’s stock after acquiring an additional 24,730 shares during the quarter. Palantir Technologies comprises approximately 0.7% of Czech National Bank’s holdings, making the stock its 18th largest position. Czech National Bank’s holdings in Palantir Technologies were worth $107,067,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Bare Financial Services Inc raised its holdings 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 purchasing an additional 55 shares in the last quarter. Financial Consulate Inc. bought a new stake in Palantir Technologies in the third quarter worth $30,000. Retirement Wealth Solutions LLC acquired a new position in Palantir Technologies during the third quarter worth $31,000. United Financial Planning Group LLC acquired a new position in Palantir Technologies during the third quarter worth $32,000. Finally, Flagship Wealth Advisors LLC bought a new position in Palantir Technologies during the third quarter valued at about $32,000. 45.65% of the stock is owned by institutional investors.

Palantir Technologies Price Performance

PLTR stock opened at $154.96 on Thursday. The stock has a market capitalization of $370.61 billion, a price-to-earnings ratio of 245.97, a price-to-earnings-growth ratio of 3.07 and a beta of 1.70. The company has a 50-day moving average of $149.21 and a two-hundred day moving average of $168.72. Palantir Technologies Inc. has a 52-week low of $66.12 and a 52-week high of $207.52.

Palantir Technologies (NASDAQ:PLTRGet Free Report) last posted its quarterly earnings data on Monday, February 2nd. The company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.02. Palantir Technologies had a return on equity of 23.81% and a net margin of 36.31%.The business had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.34 billion. During the same period in the previous year, the company posted $0.14 earnings per share. The firm’s revenue for the quarter was up 70.0% on a year-over-year basis. Equities analysts expect that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on PLTR shares. Daiwa Securities Group upgraded Palantir Technologies from a “neutral” rating to a “buy” rating and set a $180.00 price target for the company in a research note on Tuesday, February 10th. The Goldman Sachs Group cut their price objective on Palantir Technologies from $188.00 to $182.00 in a research note on Tuesday, February 3rd. Northland Securities upgraded Palantir Technologies from a “market perform” rating to an “outperform” rating and set a $190.00 target price for the company in a report on Tuesday, February 3rd. Jefferies Financial Group set a $208.00 target price on Palantir Technologies in a research report on Thursday, January 22nd. Finally, Loop Capital lowered their price target on Palantir Technologies from $230.00 to $220.00 and set a “buy” rating on the stock in a report on Friday, January 30th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $198.59.

View Our Latest Stock Analysis on Palantir Technologies

Key Stories Impacting Palantir Technologies

Here are the key news stories impacting Palantir Technologies this week:

Insider Buying and Selling

In other Palantir Technologies news, insider Stephen Andrew Cohen sold 327,088 shares of Palantir Technologies stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $133.72, for a total value of $43,738,207.36. Following the transaction, the insider directly owned 592 shares of the company’s stock, valued at $79,162.24. The trade was a 99.82% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider David A. Glazer sold 17,438 shares of the company’s stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $133.72, for a total value of $2,331,809.36. Following the transaction, the insider owned 392,370 shares of the company’s stock, valued at approximately $52,467,716.40. This trade represents a 4.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 1,045,279 shares of company stock worth $140,539,043. 9.23% of the stock is currently owned by company insiders.

About Palantir Technologies

(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.

Further Reading

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

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