Vanguard Personalized Indexing Management LLC Acquires 4,070 Shares of Palantir Technologies Inc. $PLTR

Vanguard Personalized Indexing Management LLC lifted its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTRFree Report) by 1.4% in the third quarter, Holdings Channel.com reports. The fund owned 298,546 shares of the company’s stock after purchasing an additional 4,070 shares during the period. Palantir Technologies comprises approximately 0.6% of Vanguard Personalized Indexing Management LLC’s portfolio, making the stock its 23rd largest holding. Vanguard Personalized Indexing Management LLC’s holdings in Palantir Technologies were worth $54,461,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Briaud Financial Planning Inc purchased a new position in shares of Palantir Technologies during the second quarter valued at about $27,000. LFA Lugano Financial Advisors SA bought a new stake in Palantir Technologies during the 2nd quarter valued at approximately $27,000. Frazier Financial Advisors LLC purchased a new position in shares of Palantir Technologies during the 2nd quarter worth approximately $28,000. Delos Wealth Advisors LLC purchased a new position in shares of Palantir Technologies during the 2nd quarter worth approximately $29,000. Finally, Zeit Capital LLC purchased a new position in shares of Palantir Technologies in the 2nd quarter valued at approximately $30,000. Hedge funds and other institutional investors own 45.65% of the company’s stock.

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Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Mizuho raised 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. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Palantir Technologies from $160.00 to $200.00 and gave the stock a “hold” rating in a research note on Tuesday, November 4th. Weiss Ratings cut shares of Palantir Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, January 15th. Zacks Research upgraded shares of Palantir Technologies from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 1st. Finally, Daiwa Capital Markets boosted their price target on Palantir Technologies from $178.00 to $200.00 and gave the stock a “neutral” rating in a research report on Thursday, November 6th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, fifteen have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $184.07.

Check Out Our Latest Stock Analysis on Palantir Technologies

Palantir Technologies Stock Up 2.2%

Shares of NASDAQ PLTR opened at $169.60 on Monday. The firm has a market cap of $404.23 billion, a P/E ratio of 403.82, a PEG ratio of 4.27 and a beta of 1.54. Palantir Technologies Inc. has a twelve month low of $66.12 and a twelve month high of $207.52. The company has a 50 day moving average of $176.64 and a 200 day moving average of $173.35.

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

Insiders Place Their Bets

In related news, insider Stephen Andrew Cohen sold 308,635 shares of the business’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 transaction of $50,613,053.65. Following the completion of the sale, the insider directly owned 592 shares in the company, valued at approximately $97,082.08. The trade was a 99.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider David A. Glazer sold 15,557 shares of Palantir Technologies stock in a transaction on 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 transaction, the insider owned 415,612 shares in the company, valued at $68,156,211.88. This represents a 3.61% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 1,023,444 shares of company stock valued at $167,394,629. 12.93% of the stock is currently owned by company insiders.

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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