Palantir Technologies Inc. (NYSE:PLTR) Shares Purchased by FUKOKU MUTUAL LIFE INSURANCE Co

FUKOKU MUTUAL LIFE INSURANCE Co lifted its stake in shares of Palantir Technologies Inc. (NYSE:PLTR) by 25.2% during the third quarter, Holdings Channel.com reports. The fund owned 16,017 shares of the company’s stock after purchasing an additional 3,223 shares during the period. FUKOKU MUTUAL LIFE INSURANCE Co’s holdings in Palantir Technologies were worth $596,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Envestnet Portfolio Solutions Inc. grew its holdings in shares of Palantir Technologies by 9.9% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 26,919 shares of the company’s stock worth $619,000 after acquiring an additional 2,427 shares during the last quarter. Empowered Funds LLC lifted its position in shares of Palantir Technologies by 32.0% in the 1st quarter. Empowered Funds LLC now owns 24,741 shares of the company’s stock valued at $569,000 after acquiring an additional 6,002 shares in the last quarter. Sei Investments Co. boosted its stake in Palantir Technologies by 20.1% in the 1st quarter. Sei Investments Co. now owns 299,667 shares of the company’s stock worth $6,895,000 after purchasing an additional 50,159 shares during the period. Russell Investments Group Ltd. raised its stake in Palantir Technologies by 6.7% during the 1st quarter. Russell Investments Group Ltd. now owns 400,091 shares of the company’s stock valued at $9,300,000 after purchasing an additional 25,258 shares during the period. Finally, US Bancorp DE boosted its position in shares of Palantir Technologies by 15.9% in the first quarter. US Bancorp DE now owns 198,930 shares of the company’s stock worth $4,577,000 after buying an additional 27,322 shares during the period. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Palantir Technologies Stock Down 2.5 %

Shares of Palantir Technologies stock opened at $59.19 on Friday. The stock has a market cap of $132.55 billion, a PE ratio of 295.96 and a beta of 2.70. The business has a fifty day simple moving average of $42.48 and a 200 day simple moving average of $31.65. Palantir Technologies Inc. has a 12 month low of $15.66 and a 12 month high of $63.39.

Palantir Technologies (NYSE:PLTR) last announced its quarterly earnings results on Monday, November 4th. The company reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.01. Palantir Technologies had a net margin of 18.01% and a return on equity of 9.94%. The company had revenue of $725.52 million for the quarter, compared to analysts’ expectations of $705.11 million. During the same period last year, the firm posted $0.03 earnings per share. The business’s quarterly revenue was up 30.0% compared to the same quarter last year. Analysts expect that Palantir Technologies Inc. will post 0.21 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Argus downgraded Palantir Technologies from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. Mizuho upped their price objective on shares of Palantir Technologies from $30.00 to $37.00 and gave the company an “underperform” rating in a research note on Tuesday, November 5th. The Goldman Sachs Group lifted their target price on shares of Palantir Technologies from $16.00 to $41.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Northland Capmk raised shares of Palantir Technologies to a “hold” rating in a research note on Thursday, August 22nd. Finally, Wedbush upped their target price on Palantir Technologies from $38.00 to $45.00 and gave the stock an “outperform” rating in a research report on Thursday, September 26th. Six investment analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $31.71.

Insider Buying and Selling at Palantir Technologies

In related news, insider Alexander C. Karp sold 4,500,000 shares of the business’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $55.03, for a total transaction of $247,635,000.00. Following the transaction, the insider now directly owns 6,432,258 shares in the company, valued at approximately $353,967,157.74. The trade was a 41.16 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Lauren Elaina Friedman Stat sold 8,860 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $58.06, for a total value of $514,411.60. Following the completion of the sale, the director now directly owns 121,390 shares of the company’s stock, valued at approximately $7,047,903.40. The trade was a 6.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 25,239,238 shares of company stock valued at $1,036,731,557. Company insiders own 12.93% of the company’s stock.

Palantir Technologies Company 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.