Palantir Technologies Inc. (NYSE:PLTR) Shares Acquired by Plato Investment Management Ltd

Plato Investment Management Ltd boosted its stake in Palantir Technologies Inc. (NYSE:PLTR) by 1,750.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 57,780 shares of the company’s stock after buying an additional 54,658 shares during the period. Plato Investment Management Ltd’s holdings in Palantir Technologies were worth $1,330,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of PLTR. Assenagon Asset Management S.A. grew its position in Palantir Technologies by 77.2% in the 4th quarter. Assenagon Asset Management S.A. now owns 19,603 shares of the company’s stock valued at $337,000 after buying an additional 8,539 shares in the last quarter. SeaCrest Wealth Management LLC increased its stake in shares of Palantir Technologies by 33.0% during the fourth quarter. SeaCrest Wealth Management LLC now owns 14,961 shares of the company’s stock valued at $239,000 after acquiring an additional 3,711 shares during the period. Global Retirement Partners LLC raised its holdings in Palantir Technologies by 46.9% during the fourth quarter. Global Retirement Partners LLC now owns 9,341 shares of the company’s stock worth $154,000 after purchasing an additional 2,982 shares in the last quarter. State of Alaska Department of Revenue lifted its position in Palantir Technologies by 9.0% in the fourth quarter. State of Alaska Department of Revenue now owns 377,365 shares of the company’s stock worth $6,479,000 after purchasing an additional 31,250 shares during the period. Finally, Realta Investment Advisors lifted its holdings in shares of Palantir Technologies by 26.2% in the fourth quarter. Realta Investment Advisors now owns 14,130 shares of the company’s stock valued at $243,000 after buying an additional 2,937 shares during the period. Institutional investors and hedge funds own 45.65% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft upped their price target on Palantir Technologies from $18.00 to $20.00 and gave the stock a “sell” rating in a research note on Tuesday, May 7th. William Blair restated an “underperform” rating on shares of Palantir Technologies in a research note on Tuesday, May 7th. DA Davidson raised their target price on shares of Palantir Technologies from $19.00 to $24.00 and gave the company a “neutral” rating in a research note on Tuesday, May 7th. Argus initiated coverage on shares of Palantir Technologies in a report on Monday, June 17th. They set a “buy” rating and a $29.00 price target for the company. Finally, Citigroup lifted their price objective on Palantir Technologies from $25.00 to $28.00 and gave the stock a “neutral” rating in a research note on Tuesday. Seven research analysts have rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $21.96.

Insider Activity at Palantir Technologies

In other Palantir Technologies news, Director Peter Thiel sold 5,000,000 shares of Palantir Technologies stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $20.78, for a total transaction of $103,900,000.00. Following the transaction, the director now directly owns 15,733,625 shares in the company, valued at $326,944,727.50. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Palantir Technologies news, Director Peter Thiel sold 5,000,000 shares of the firm’s stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $20.78, for a total transaction of $103,900,000.00. Following the sale, the director now directly owns 15,733,625 shares in the company, valued at approximately $326,944,727.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider David A. Glazer sold 90,000 shares of the company’s stock in a transaction that occurred on Thursday, July 18th. The shares were sold at an average price of $29.36, for a total transaction of $2,642,400.00. Following the completion of the transaction, the insider now owns 298,012 shares of the company’s stock, valued at approximately $8,749,632.32. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 11,447,179 shares of company stock worth $242,285,913. 12.93% of the stock is currently owned by company insiders.

Palantir Technologies Price Performance

Shares of NYSE PLTR traded down $0.81 during midday trading on Thursday, hitting $26.08. The stock had a trading volume of 31,055,493 shares, compared to its average volume of 54,490,625. Palantir Technologies Inc. has a fifty-two week low of $13.68 and a fifty-two week high of $29.83. The firm has a market cap of $58.08 billion, a P/E ratio of 217.35, a price-to-earnings-growth ratio of 6.09 and a beta of 2.71. The company’s 50-day simple moving average is $25.29 and its 200 day simple moving average is $23.18.

Palantir Technologies (NYSE:PLTR) last posted its quarterly earnings results on Monday, May 6th. The company reported $0.04 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.04. Palantir Technologies had a net margin of 12.79% and a return on equity of 8.28%. The business had revenue of $634.34 million during the quarter, compared to the consensus estimate of $614.88 million. Equities analysts expect that Palantir Technologies Inc. will post 0.16 EPS for the current fiscal year.

Palantir Technologies Profile

Palantir Technologies Inc builds and deploys software platforms for the intelligence community to assist in counterterrorism investigations and operations in the United States, the United Kingdom, and internationally. The company provides Palantir Gotham, a software platform which enables users to identify patterns hidden deep within datasets, ranging from signals intelligence sources to reports from confidential informants, as well as facilitates the handoff between analysts and operational users, helping operators plan and execute real-world responses to threats that have been identified within the platform.