Palantir Technologies Inc. $PLTR Shares Acquired by Resona Asset Management Co. Ltd.

Resona Asset Management Co. Ltd. increased its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTRFree Report) by 0.5% during the third quarter, HoldingsChannel.com reports. The fund owned 703,152 shares of the company’s stock after buying an additional 3,389 shares during the period. Palantir Technologies accounts for about 0.6% of Resona Asset Management Co. Ltd.’s holdings, making the stock its 25th largest holding. Resona Asset Management Co. Ltd.’s holdings in Palantir Technologies were worth $127,859,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Signature Resources Capital Management LLC acquired a new stake in shares of Palantir Technologies in the second quarter valued at approximately $25,000. Briaud Financial Planning Inc acquired a new stake in shares of Palantir Technologies in the 2nd quarter worth $27,000. LFA Lugano Financial Advisors SA acquired a new stake in shares of Palantir Technologies in the 2nd quarter worth $27,000. Frazier Financial Advisors LLC purchased a new position in shares of Palantir Technologies during the 2nd quarter worth $28,000. Finally, Delos Wealth Advisors LLC acquired a new position in shares of Palantir Technologies during the 2nd quarter valued at about $29,000. Institutional investors and hedge funds own 45.65% of the company’s stock.

Palantir Technologies Stock Performance

Palantir Technologies stock opened at $169.60 on Friday. The company’s 50 day simple moving average is $176.64 and its 200-day simple moving average is $172.91. Palantir Technologies Inc. has a 1 year low of $66.12 and a 1 year high of $207.52. The company has a market capitalization of $404.23 billion, a price-to-earnings ratio of 403.82, a price-to-earnings-growth ratio of 4.17 and a beta of 1.54.

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

Insider Activity at Palantir Technologies

In other Palantir Technologies news, insider Shyam Sankar sold 149,872 shares of Palantir Technologies stock in a transaction dated 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 transaction, the insider directly owned 642,786 shares of the company’s stock, valued at $105,410,476.14. The trade was a 18.91% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider David A. Glazer sold 15,557 shares of the business’s stock in a transaction dated Thursday, November 20th. The stock was sold at an average price of $163.99, for a total transaction of $2,551,192.43. Following the sale, the insider owned 415,612 shares in the company, valued at $68,156,211.88. This trade represents a 3.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 1,023,444 shares of company stock worth $167,394,629 over the last ninety days. Company insiders own 9.23% of the company’s stock.

Wall Street Analysts Forecast Growth

PLTR has been the topic of a number of analyst reports. Weiss Ratings downgraded shares of Palantir Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, January 15th. Bank of America increased their price target on shares of Palantir Technologies from $215.00 to $255.00 and gave the company a “buy” rating in a research note on Tuesday, November 4th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Palantir Technologies from $160.00 to $200.00 and gave the stock a “hold” rating in a report on Tuesday, November 4th. Truist Financial assumed coverage on Palantir Technologies in a report on Tuesday, January 6th. They issued a “buy” rating and a $223.00 price objective on the stock. Finally, Zacks Research raised Palantir Technologies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 1st. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, fifteen have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, Palantir Technologies has an average rating of “Hold” and an average price target of $184.07.

View Our Latest Report on PLTR

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Palantir Technologies Company 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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