Natixis Advisors LLC Has $235.53 Million Stock Position in Palantir Technologies Inc. $PLTR

Natixis Advisors LLC boosted its position in shares of Palantir Technologies Inc. (NASDAQ:PLTRFree Report) by 15.1% in the 3rd quarter, HoldingsChannel reports. The firm owned 1,291,151 shares of the company’s stock after buying an additional 169,607 shares during the period. Natixis Advisors LLC’s holdings in Palantir Technologies were worth $235,532,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in PLTR. Bare Financial Services Inc increased its holdings in shares of Palantir Technologies by 54.5% during the third quarter. Bare Financial Services Inc now owns 156 shares of the company’s stock worth $28,000 after buying an additional 55 shares in the last quarter. Financial Consulate Inc. bought a new stake in Palantir Technologies during the 3rd quarter worth approximately $30,000. Retirement Wealth Solutions LLC acquired a new stake in Palantir Technologies during the 3rd quarter valued at $31,000. Flagship Wealth Advisors LLC bought a new position in Palantir Technologies in the 3rd quarter valued at $32,000. Finally, Marquette Asset Management LLC bought a new position in Palantir Technologies in the 3rd quarter valued at $34,000. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. CICC Research increased their target price on Palantir Technologies from $128.00 to $150.00 and gave the stock a “neutral” rating in a report on Wednesday, November 12th. Cantor Fitzgerald reaffirmed a “neutral” rating on shares of Palantir Technologies in a report on Tuesday, February 3rd. 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 report on Wednesday, February 18th. Northland Securities raised shares of Palantir Technologies from a “market perform” rating to an “outperform” rating and set a $190.00 price objective on the stock in a report on Tuesday, February 3rd. Finally, William Blair upgraded shares of Palantir Technologies from a “market perform” rating to an “outperform” rating in a research report on Monday, February 2nd. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $192.68.

View Our Latest Report on PLTR

More Palantir Technologies News

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

Palantir Technologies Price Performance

PLTR opened at $157.16 on Friday. The company has a market cap of $375.88 billion, a price-to-earnings ratio of 249.46, a price-to-earnings-growth ratio of 3.02 and a beta of 1.70. The firm has a 50 day simple moving average of $155.48 and a 200 day simple moving average of $168.99. Palantir Technologies Inc. has a fifty-two week low of $66.12 and a fifty-two week high of $207.52.

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, beating analysts’ consensus estimates of $0.23 by $0.02. Palantir Technologies had a net margin of 36.31% and a return on equity of 23.81%. The firm had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.34 billion. During the same period last year, the firm earned $0.14 earnings per share. The business’s revenue for the quarter was up 70.0% on a year-over-year basis. As a group, analysts expect that Palantir Technologies Inc. will post 0.31 EPS for the current year.

Insider Buying and Selling

In related news, insider Shyam Sankar sold 168,004 shares of the company’s stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $133.72, for a total value of $22,465,494.88. Following the completion of the sale, the insider owned 642,786 shares in the company, valued at approximately $85,953,343.92. This represents a 20.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Ryan D. Taylor sold 19,988 shares of the company’s stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $133.72, for a total value of $2,672,795.36. Following the completion of the sale, the insider owned 219,421 shares of the company’s stock, valued at $29,340,976.12. This represents a 8.35% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 1,054,279 shares of company stock worth $142,212,233 over the last 90 days. 9.23% of the stock is currently owned by corporate insiders.

About Palantir Technologies

(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.

See Also

Want to see what other hedge funds are holding PLTR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Palantir Technologies Inc. (NASDAQ:PLTRFree Report).

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

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