Robeco Institutional Asset Management B.V. Purchases 136,189 Shares of Palantir Technologies Inc. $PLTR

Robeco Institutional Asset Management B.V. lifted its position in Palantir Technologies Inc. (NASDAQ:PLTRFree Report) by 12.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,228,758 shares of the company’s stock after purchasing an additional 136,189 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Palantir Technologies were worth $224,150,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of PLTR. Lionshead Wealth Management LLC raised its stake in shares of Palantir Technologies by 0.4% during the third quarter. Lionshead Wealth Management LLC now owns 13,130 shares of the company’s stock worth $2,395,000 after acquiring an additional 56 shares in the last quarter. Ellenbecker Investment Group raised its position in Palantir Technologies by 3.6% in the 3rd quarter. Ellenbecker Investment Group now owns 1,619 shares of the company’s stock worth $295,000 after purchasing an additional 57 shares during the period. Traveka Wealth LLC lifted its stake in Palantir Technologies by 1.6% in the third quarter. Traveka Wealth LLC now owns 3,695 shares of the company’s stock worth $674,000 after purchasing an additional 57 shares during the last quarter. Market Street Wealth Management Advisors LLC lifted its stake in Palantir Technologies by 4.0% in the third quarter. Market Street Wealth Management Advisors LLC now owns 1,539 shares of the company’s stock worth $281,000 after purchasing an additional 59 shares during the last quarter. Finally, Global Wealth Strategies & Associates boosted its position in Palantir Technologies by 36.1% during the third quarter. Global Wealth Strategies & Associates now owns 230 shares of the company’s stock valued at $42,000 after buying an additional 61 shares during the period. 45.65% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently commented on PLTR. Cantor Fitzgerald lifted their price objective on Palantir Technologies from $155.00 to $198.00 and gave the stock a “neutral” rating in a report on Tuesday, November 4th. CICC Research raised their price target on Palantir Technologies from $128.00 to $150.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 12th. Deutsche Bank Aktiengesellschaft boosted their price objective on Palantir Technologies from $160.00 to $200.00 and gave the company a “hold” rating in a research report on Tuesday, November 4th. UBS Group increased their price objective on Palantir Technologies from $165.00 to $205.00 and gave the company a “neutral” rating in a research note on Tuesday, November 4th. Finally, Morgan Stanley lifted their target price on shares of Palantir Technologies from $155.00 to $205.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 4th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, sixteen have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Palantir Technologies currently has an average rating of “Hold” and a consensus price target of $172.28.

View Our Latest Report on Palantir Technologies

Palantir Technologies Stock Performance

NASDAQ PLTR opened at $174.04 on Tuesday. Palantir Technologies Inc. has a fifty-two week low of $63.40 and a fifty-two week high of $207.52. The stock has a 50 day simple moving average of $180.57 and a two-hundred day simple moving average of $169.74. The stock has a market cap of $414.81 billion, a P/E ratio of 414.39, a price-to-earnings-growth ratio of 4.22 and a beta of 1.54.

Palantir Technologies (NASDAQ:PLTRGet Free Report) last announced its earnings results on Monday, November 3rd. The company reported $0.21 EPS for the quarter, beating 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 company had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter in the prior year, the company earned $0.10 earnings per share. The firm’s revenue for the quarter was up 62.8% on a year-over-year basis. Sell-side analysts predict that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Key Stores Impacting Palantir Technologies

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

Insiders Place Their Bets

In related news, insider Alexander C. Karp sold 359,325 shares of the business’s stock in a transaction dated Thursday, November 20th. The shares were sold at an average price of $163.99, for a total transaction of $58,925,706.75. Following the transaction, the insider owned 6,432,258 shares in the company, valued at $1,054,825,989.42. The trade was a 5.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Stephen Andrew Cohen sold 308,635 shares of the stock in a transaction dated Thursday, November 20th. The stock was sold at an average price of $163.99, for a total transaction of $50,613,053.65. Following the completion of the transaction, the insider directly owned 592 shares of the company’s stock, valued at approximately $97,082.08. The trade was a 99.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 1,008,044 shares of company stock worth $164,601,839. Company insiders own 9.23% of the company’s stock.

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.

Featured Stories

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

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