Palantir Technologies Inc. (NYSE:PLTR) Shares Bought by Blair William & Co. IL

Blair William & Co. IL lifted its holdings in shares of Palantir Technologies Inc. (NYSE:PLTR) by 18.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 61,927 shares of the company’s stock after buying an additional 9,623 shares during the period. Blair William & Co. IL’s holdings in Palantir Technologies were worth $1,569,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in shares of Palantir Technologies by 3.5% in the 4th quarter. Vanguard Group Inc. now owns 193,805,263 shares of the company’s stock worth $3,327,636,000 after acquiring an additional 6,466,596 shares during the period. SG Americas Securities LLC boosted its stake in Palantir Technologies by 183.3% during the 1st quarter. SG Americas Securities LLC now owns 158,394 shares of the company’s stock valued at $3,645,000 after purchasing an additional 102,479 shares in the last quarter. Accel Wealth Management acquired a new position in shares of Palantir Technologies during the 1st quarter valued at $360,000. ProShare Advisors LLC bought a new stake in shares of Palantir Technologies in the 1st quarter worth $262,000. Finally, Norges Bank acquired a new stake in shares of Palantir Technologies in the fourth quarter valued at $46,542,000. 45.65% of the stock is owned by institutional investors.

Palantir Technologies Trading Up 2.0 %

PLTR stock opened at $37.93 on Tuesday. The firm has a market cap of $84.47 billion, a PE ratio of 316.08 and a beta of 2.72. Palantir Technologies Inc. has a 1 year low of $13.82 and a 1 year high of $38.19. The company has a fifty day simple moving average of $30.57 and a 200 day simple moving average of $25.92.

Palantir Technologies (NYSE:PLTR) last released its quarterly earnings results on Monday, August 5th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.01). The company had revenue of $678.13 million for the quarter, compared to the consensus estimate of $653.23 million. Palantir Technologies had a return on equity of 8.88% and a net margin of 16.32%. The business’s revenue was up 27.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.01 EPS. As a group, analysts forecast that Palantir Technologies Inc. will post 0.19 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Monness Crespi & Hardt dropped their price target on shares of Palantir Technologies from $20.00 to $18.00 and set a “sell” rating on the stock in a research report on Tuesday, August 6th. Northland Capmk raised shares of Palantir Technologies to a “hold” rating in a research note on Thursday, August 22nd. Bank of America lifted their price target on shares of Palantir Technologies from $30.00 to $50.00 and gave the stock a “buy” rating in a research report on Tuesday, September 10th. Argus began coverage on Palantir Technologies in a research report on Monday, June 17th. They set a “buy” rating and a $29.00 price objective for the company. Finally, Wedbush restated an “outperform” rating and issued a $38.00 target price on shares of Palantir Technologies in a report on Monday, September 9th. Five research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $26.79.

Insiders Place Their Bets

In other Palantir Technologies news, insider Shyam Sankar sold 50,000 shares of the company’s stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $32.35, for a total value of $1,617,500.00. Following the completion of the transaction, the insider now owns 752,786 shares of the company’s stock, valued at approximately $24,352,627.10. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, insider Shyam Sankar sold 50,000 shares of the stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $32.35, for a total value of $1,617,500.00. Following the completion of the transaction, the insider now directly owns 752,786 shares of the company’s stock, valued at approximately $24,352,627.10. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Eric H. Woersching sold 3,026 shares of the stock in a transaction on Tuesday, July 9th. The stock was sold at an average price of $28.00, for a total value of $84,728.00. Following the transaction, the director now owns 29,817 shares of the company’s stock, valued at $834,876. The disclosure for this sale can be found here. Insiders have sold 5,383,238 shares of company stock worth $190,231,672 in the last ninety days. Insiders own 12.93% of the company’s stock.

Palantir Technologies Profile

Palantir Technologies Inc builds and deploys software platforms for the intelligence community to assist in counterterrorism investigations and operations in the United States, the United Kingdom, and internationally. The company provides Palantir Gotham, a software platform which enables users to identify patterns hidden deep within datasets, ranging from signals intelligence sources to reports from confidential informants, as well as facilitates the handoff between analysts and operational users, helping operators plan and execute real-world responses to threats that have been identified within the platform.