Mitsubishi UFJ Trust & Banking Corp Raises Stock Position in Palantir Technologies Inc. $PLTR

Mitsubishi UFJ Trust & Banking Corp grew its stake in Palantir Technologies Inc. (NASDAQ:PLTRFree Report) by 1.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,025,189 shares of the company’s stock after buying an additional 13,278 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Palantir Technologies were worth $187,015,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Occidental Asset Management LLC boosted its stake in Palantir Technologies by 2.8% in the third quarter. Occidental Asset Management LLC now owns 1,964 shares of the company’s stock valued at $358,000 after acquiring an additional 53 shares in the last quarter. Lionshead Wealth Management LLC lifted its holdings in shares of Palantir Technologies by 0.4% in the 3rd quarter. Lionshead Wealth Management LLC now owns 13,130 shares of the company’s stock valued at $2,395,000 after purchasing an additional 56 shares during the last quarter. Ellenbecker Investment Group lifted its holdings in shares of Palantir Technologies by 3.6% in the 3rd quarter. Ellenbecker Investment Group now owns 1,619 shares of the company’s stock valued at $295,000 after purchasing an additional 57 shares during the last quarter. Traveka Wealth LLC boosted its position in shares of Palantir Technologies by 1.6% in the 3rd quarter. Traveka Wealth LLC now owns 3,695 shares of the company’s stock valued at $674,000 after purchasing an additional 57 shares during the period. Finally, Market Street Wealth Management Advisors LLC grew its stake in Palantir Technologies by 4.0% during the 3rd quarter. Market Street Wealth Management Advisors LLC now owns 1,539 shares of the company’s stock worth $281,000 after buying an additional 59 shares during the last quarter. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. 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 note on Tuesday, November 4th. Robert W. Baird upped their price target on shares of Palantir Technologies from $170.00 to $200.00 and gave the company a “neutral” rating in a research report on Tuesday, November 4th. Morgan Stanley increased their price target 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. Weiss Ratings downgraded shares of Palantir Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, January 15th. Finally, Phillip Securities assumed coverage on shares of Palantir Technologies in a report on Thursday. They issued a “buy” rating and a $208.00 target price for the company. 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 given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $184.07.

Check Out Our Latest Stock Report on Palantir Technologies

Insider Transactions at Palantir Technologies

In other Palantir Technologies news, insider Shyam Sankar sold 19,004 shares of Palantir Technologies stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $156.25, for a total value of $2,969,375.00. Following the sale, the insider owned 642,786 shares of the company’s stock, valued at approximately $100,435,312.50. The trade was a 2.87% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Ryan D. Taylor sold 12,000 shares of the business’s stock in a transaction that occurred on Friday, January 2nd. The stock was 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 in the company, valued at $43,416,822.15. The trade was a 4.77% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 1,023,444 shares of company stock valued at $167,394,629 over the last 90 days. Insiders own 9.23% of the company’s stock.

Key Palantir Technologies News

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

Palantir Technologies Stock Performance

Shares of PLTR opened at $169.60 on Friday. The stock has a market capitalization of $404.23 billion, a P/E ratio of 403.82, a P/E/G ratio of 4.17 and a beta of 1.54. Palantir Technologies Inc. has a 1 year low of $66.12 and a 1 year high of $207.52. The company’s fifty day moving average is $176.64 and its two-hundred day moving average is $172.91.

Palantir Technologies (NASDAQ:PLTRGet Free Report) last released 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. The company had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.09 billion. Palantir Technologies had a net margin of 28.11% and a return on equity of 15.48%. The business’s revenue was up 62.8% on a year-over-year basis. During the same quarter last year, the business earned $0.10 EPS. Sell-side analysts predict that Palantir Technologies Inc. will post 0.31 EPS for the current year.

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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