MASTERINVEST Kapitalanlage GmbH Acquires Shares of 55,787 Palantir Technologies Inc. $PLTR

MASTERINVEST Kapitalanlage GmbH acquired a new stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 55,787 shares of the company’s stock, valued at approximately $7,605,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. increased its stake in Palantir Technologies by 3.6% during the 2nd quarter. Vanguard Group Inc. now owns 205,717,666 shares of the company’s stock worth $28,043,432,000 after buying an additional 7,194,216 shares during the period. State Street Corp boosted its position in Palantir Technologies by 6.9% in the 2nd quarter. State Street Corp now owns 94,481,128 shares of the company’s stock valued at $12,879,667,000 after buying an additional 6,097,629 shares during the last quarter. Norges Bank acquired a new stake in shares of Palantir Technologies during the second quarter valued at about $3,307,457,000. Invesco Ltd. increased its position in shares of Palantir Technologies by 16.0% during the second quarter. Invesco Ltd. now owns 20,585,256 shares of the company’s stock worth $2,806,182,000 after acquiring an additional 2,838,300 shares during the last quarter. Finally, Northern Trust Corp lifted its stake in shares of Palantir Technologies by 0.3% in the first quarter. Northern Trust Corp now owns 19,553,438 shares of the company’s stock worth $1,650,310,000 after acquiring an additional 64,973 shares in the last quarter. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on PLTR shares. Royal Bank Of Canada increased their price target on Palantir Technologies from $45.00 to $50.00 and gave the company an “underperform” rating in a report on Tuesday, November 4th. Cantor Fitzgerald raised their price target on shares of Palantir Technologies from $155.00 to $198.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 4th. Morgan Stanley upped their price target on shares of Palantir Technologies from $155.00 to $205.00 and gave the company an “equal weight” rating in a report on Tuesday, November 4th. UBS Group increased their price objective on shares of Palantir Technologies from $165.00 to $205.00 and gave the company a “neutral” rating in a research note on Tuesday, November 4th. Finally, CICC Research boosted their target price on shares of Palantir Technologies from $128.00 to $150.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 12th. Four equities research analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Palantir Technologies currently has a consensus rating of “Hold” and a consensus target price of $172.28.

Palantir Technologies Price Performance

Palantir Technologies stock opened at $183.57 on Friday. Palantir Technologies Inc. has a 12 month low of $63.40 and a 12 month high of $207.52. The company has a fifty day moving average price of $179.31 and a two-hundred day moving average price of $163.62. The company has a market cap of $437.53 billion, a PE ratio of 437.08, a P/E/G ratio of 7.12 and a beta of 1.49.

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

Insider Buying and Selling

In other news, insider Stephen Andrew Cohen sold 308,635 shares of the company’s stock in a transaction that occurred on Thursday, November 20th. The stock was sold at an average price of $163.99, for a total transaction of $50,613,053.65. Following the completion of the transaction, the insider directly owned 592 shares of the company’s stock, valued at approximately $97,082.08. This represents a 99.81% 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 the SEC website. Also, insider Shyam Sankar sold 149,872 shares of the firm’s stock in a transaction that occurred on Thursday, November 20th. The stock was sold at an average price of $163.99, for a total value of $24,577,509.28. Following the completion of the sale, the insider directly owned 642,786 shares in the company, valued at approximately $105,410,476.14. This trade represents a 18.91% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 1,008,844 shares of company stock valued at $164,676,161 over the last 90 days. 9.23% of the stock is owned by corporate insiders.

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.