Perpetual Ltd Grows Position in Palantir Technologies Inc. $PLTR

Perpetual Ltd grew its stake in Palantir Technologies Inc. (NASDAQ:PLTRFree Report) by 42.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,378 shares of the company’s stock after buying an additional 7,828 shares during the quarter. Perpetual Ltd’s holdings in Palantir Technologies were worth $4,812,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in PLTR. Norges Bank bought a new position in shares of Palantir Technologies in the second quarter worth approximately $3,307,457,000. Kingstone Capital Partners Texas LLC bought a new stake in shares of Palantir Technologies during the 2nd quarter valued at $2,543,888,000. Vanguard Group Inc. lifted its stake in shares of Palantir Technologies by 3.6% during the 2nd quarter. Vanguard Group Inc. now owns 205,717,666 shares of the company’s stock valued at $28,043,432,000 after buying an additional 7,194,216 shares in the last quarter. State Street Corp boosted its holdings in Palantir Technologies by 6.9% in the 2nd quarter. State Street Corp now owns 94,481,128 shares of the company’s stock worth $12,879,667,000 after buying an additional 6,097,629 shares during the period. Finally, Amundi increased its stake in Palantir Technologies by 56.1% in the 1st quarter. Amundi now owns 10,620,301 shares of the company’s stock worth $887,857,000 after buying an additional 3,815,386 shares in the last quarter. 45.65% of the stock is owned by hedge funds and other institutional investors.

Palantir Technologies Stock Performance

NASDAQ PLTR opened at $193.38 on Friday. The stock has a 50 day moving average price of $179.74 and a 200-day moving average price of $165.64. Palantir Technologies Inc. has a one year low of $63.40 and a one year high of $207.52. The company has a market capitalization of $460.91 billion, a P/E ratio of 460.44, a P/E/G ratio of 7.50 and a beta of 1.49.

Palantir Technologies (NASDAQ:PLTRGet Free Report) last released its quarterly earnings results on Monday, November 3rd. The company reported $0.21 earnings per share (EPS) for the quarter, beating 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 quarter in the prior year, the firm earned $0.10 earnings per share. Palantir Technologies’s revenue was up 62.8% on a year-over-year basis. As a group, equities analysts predict that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Insider Activity

In other Palantir Technologies news, insider Jeffrey Buckley sold 1,252 shares of the company’s stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of $157.50, for a total transaction of $197,190.00. Following the sale, the insider directly owned 47,044 shares in the company, valued at $7,409,430. This represents a 2.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Stephen Andrew Cohen sold 39,136 shares of Palantir Technologies stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $156.25, for a total value of $6,115,000.00. Following the completion of the transaction, the insider owned 592 shares of the company’s stock, valued at approximately $92,500. This trade represents a 98.51% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 1,008,844 shares of company stock worth $164,750,951. 9.23% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. UBS Group boosted their price objective on Palantir Technologies from $165.00 to $205.00 and gave the company a “neutral” rating in a research report on Tuesday, November 4th. Morgan Stanley boosted their price target on Palantir Technologies from $155.00 to $205.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 4th. DA Davidson increased their price objective on shares of Palantir Technologies from $170.00 to $215.00 and gave the company a “neutral” rating in a report on Tuesday, November 4th. The Goldman Sachs Group lifted their price objective on shares of Palantir Technologies from $141.00 to $188.00 and gave the company a “neutral” rating in a research report on Tuesday, November 4th. Finally, Bank of America upped their target price on shares of Palantir Technologies from $215.00 to $255.00 and gave the stock a “buy” rating in a research report on Tuesday, November 4th. Five investment analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Palantir Technologies currently has a consensus rating of “Hold” and a consensus price target of $172.28.

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Palantir Technologies News Roundup

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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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