Raiffeisen Bank International AG Increases Position in Palantir Technologies Inc. $PLTR

Raiffeisen Bank International AG boosted its position in shares of Palantir Technologies Inc. (NASDAQ:PLTRFree Report) by 165.2% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 112,634 shares of the company’s stock after purchasing an additional 70,157 shares during the quarter. Raiffeisen Bank International AG’s holdings in Palantir Technologies were worth $20,138,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. LFA Lugano Financial Advisors SA bought a new stake in shares of Palantir Technologies during the second quarter valued at approximately $27,000. Delos Wealth Advisors LLC purchased a new stake in Palantir Technologies during the 2nd quarter valued at $29,000. Zeit Capital LLC purchased a new stake in Palantir Technologies during the 2nd quarter valued at $30,000. Financial Consulate Inc. bought a new stake in shares of Palantir Technologies in the 3rd quarter worth $30,000. Finally, GS Investments Inc. purchased a new position in shares of Palantir Technologies in the second quarter worth $31,000. 45.65% of the stock is currently owned by institutional investors.

Palantir Technologies Trading Up 0.3%

Shares of NASDAQ:PLTR opened at $135.24 on Friday. Palantir Technologies Inc. has a 12 month low of $66.12 and a 12 month high of $207.52. The company has a market capitalization of $322.34 billion, a price-to-earnings ratio of 214.67, a PEG ratio of 2.59 and a beta of 1.64. The firm’s 50-day moving average is $164.88 and its 200 day moving average is $171.59.

Palantir Technologies (NASDAQ:PLTRGet Free Report) last announced its quarterly earnings data on Monday, February 2nd. The company reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.02. Palantir Technologies had a net margin of 36.31% and a return on equity of 23.81%. The business had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter last year, the firm earned $0.14 earnings per share. The firm’s quarterly revenue was up 70.0% compared to the same quarter last year. As a group, equities analysts forecast that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Ryan D. Taylor sold 12,000 shares of the firm’s stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $181.35, for a total value of $2,176,200.00. Following the transaction, the insider owned 239,409 shares of the company’s stock, valued at $43,416,822.15. This trade represents a 4.77% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider David A. Glazer sold 9,000 shares of Palantir Technologies stock in a transaction on Friday, December 12th. The shares were sold at an average price of $185.91, for a total value of $1,673,190.00. Following the sale, the insider directly owned 413,639 shares of the company’s stock, valued at approximately $76,899,626.49. This trade represents a 2.13% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 62,100 shares of company stock worth $10,576,379. 9.23% of the stock is currently owned by company insiders.

More Palantir Technologies News

Here are the key news stories impacting Palantir Technologies this week:

Analysts Set New Price Targets

A number of brokerages have weighed in on PLTR. Argus raised Palantir Technologies to a “hold” rating in a research report on Monday, February 9th. Bank of America lifted their target price 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. Weiss Ratings cut Palantir Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, January 15th. Royal Bank Of Canada upped their target price on shares of Palantir Technologies from $45.00 to $50.00 and gave the stock an “underperform” rating in a research report on Tuesday, November 4th. Finally, Mizuho upgraded shares of Palantir Technologies from a “neutral” rating to an “outperform” rating and set a $195.00 price target on the stock in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $191.05.

Check Out Our Latest Stock Analysis on Palantir Technologies

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.

Further Reading

Institutional Ownership by Quarter for Palantir Technologies (NASDAQ:PLTR)

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