Universal Beteiligungs und Servicegesellschaft mbH Purchases 50,331 Shares of Palantir Technologies Inc. $PLTR

Universal Beteiligungs und Servicegesellschaft mbH grew its position in Palantir Technologies Inc. (NASDAQ:PLTRFree Report) by 3.7% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,393,608 shares of the company’s stock after buying an additional 50,331 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.06% of Palantir Technologies worth $254,222,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Palantir Technologies in the second quarter worth about $3,307,457,000. Vanguard Group Inc. lifted its holdings 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 purchasing an additional 7,194,216 shares in the last quarter. State Street Corp grew its position in shares of 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 purchasing an additional 6,097,629 shares during the period. Invesco Ltd. raised its holdings in Palantir Technologies by 16.0% during the 2nd quarter. Invesco Ltd. now owns 20,585,256 shares of the company’s stock worth $2,806,182,000 after buying an additional 2,838,300 shares during the period. Finally, Clear Street LLC bought a new position in Palantir Technologies in the second quarter valued at approximately $295,508,000. Institutional investors and hedge funds own 45.65% of the company’s stock.

Insider Transactions at Palantir Technologies

In other news, insider Shyam Sankar sold 149,872 shares of the business’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 $24,577,509.28. Following the completion of the sale, the insider owned 642,786 shares in the company, valued at $105,410,476.14. The trade was a 18.91% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Alexander C. Karp sold 359,325 shares of the company’s stock in a transaction that occurred on Thursday, November 20th. The shares were sold at an average price of $163.99, for a total value of $58,925,706.75. Following the completion of the transaction, the insider directly owned 6,432,258 shares in the company, valued at $1,054,825,989.42. The trade was a 5.29% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 1,023,444 shares of company stock valued at $167,394,629. Corporate insiders own 12.93% of the company’s stock.

Palantir Technologies Stock Down 1.5%

Shares of NASDAQ PLTR opened at $168.45 on Wednesday. Palantir Technologies Inc. has a twelve month low of $66.12 and a twelve month high of $207.52. The company has a market cap of $401.50 billion, a PE ratio of 401.09, a price-to-earnings-growth ratio of 4.30 and a beta of 1.54. The business’s 50 day moving average price is $177.23 and its two-hundred day moving average price is $172.80.

Palantir Technologies (NASDAQ:PLTRGet Free Report) last issued its earnings results on Monday, November 3rd. The company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.17 by $0.04. Palantir Technologies had a return on equity of 15.48% and a net margin of 28.11%.The company had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same period in the previous year, the company posted $0.10 EPS. The firm’s revenue for the quarter was up 62.8% compared to the same quarter last year. As a group, research analysts anticipate that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Raymond James Financial restated a “market perform” rating on shares of Palantir Technologies in a report on Tuesday, November 4th. Royal Bank Of Canada increased their target price on Palantir Technologies from $45.00 to $50.00 and gave the stock an “underperform” rating in a report on Tuesday, November 4th. HSBC boosted their price target on Palantir Technologies from $181.00 to $197.00 and gave the company a “hold” rating in a report on Wednesday, November 5th. 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 note on Tuesday, November 4th. Finally, CICC Research lifted their target price on Palantir Technologies from $128.00 to $150.00 and gave the company a “neutral” rating in a research report on Wednesday, November 12th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, sixteen have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Palantir Technologies presently has a consensus rating of “Hold” and a consensus target price of $175.88.

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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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