UMB Bank n.a. Has $15.32 Million Stake in Palantir Technologies Inc. (NASDAQ:PLTR)

UMB Bank n.a. decreased its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR) by 30.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 202,581 shares of the company’s stock after selling 87,541 shares during the period. UMB Bank n.a.’s holdings in Palantir Technologies were worth $15,321,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Northwest Investment Counselors LLC bought a new stake in shares of Palantir Technologies during the third quarter valued at approximately $25,000. Prestige Wealth Management Group LLC grew its stake in shares of Palantir Technologies by 747.1% during the third quarter. Prestige Wealth Management Group LLC now owns 737 shares of the company’s stock valued at $27,000 after purchasing an additional 650 shares during the last quarter. Wolff Wiese Magana LLC grew its stake in shares of Palantir Technologies by 230.4% during the fourth quarter. Wolff Wiese Magana LLC now owns 380 shares of the company’s stock valued at $29,000 after purchasing an additional 265 shares during the last quarter. University of Texas Texas AM Investment Management Co. bought a new stake in shares of Palantir Technologies during the second quarter valued at approximately $30,000. Finally, Ashburton Jersey Ltd bought a new stake in shares of Palantir Technologies during the second quarter valued at approximately $36,000. Institutional investors and hedge funds own 45.65% of the company’s stock.

Palantir Technologies Stock Up 3.7 %

Shares of NASDAQ:PLTR opened at $71.77 on Monday. Palantir Technologies Inc. has a 12 month low of $16.03 and a 12 month high of $84.80. The company’s fifty day simple moving average is $70.49 and its 200 day simple moving average is $47.32. The firm has a market cap of $163.49 billion, a price-to-earnings ratio of 358.87, a PEG ratio of 6.24 and a beta of 2.82.

Palantir Technologies (NASDAQ:PLTR) last issued its quarterly earnings data on Monday, November 4th. The company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.01. Palantir Technologies had a net margin of 18.01% and a return on equity of 9.94%. The business had revenue of $725.52 million for the quarter, compared to analyst estimates of $705.11 million. During the same period last year, the business posted $0.03 earnings per share. The firm’s quarterly revenue was up 30.0% on a year-over-year basis. Research analysts expect that Palantir Technologies Inc. will post 0.2 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Palantir Technologies news, Director Alexandra W. Schiff sold 4,000 shares of Palantir Technologies stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $71.63, for a total value of $286,520.00. Following the sale, the director now directly owns 195,393 shares in the company, valued at approximately $13,996,000.59. The trade was a 2.01 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Lauren Elaina Friedman Stat sold 800 shares of Palantir Technologies stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $76.29, for a total transaction of $61,032.00. Following the completion of the sale, the director now owns 62,139 shares in the company, valued at $4,740,584.31. The trade was a 1.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 23,642,189 shares of company stock worth $1,444,232,453 over the last ninety days. Company insiders own 12.93% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on PLTR shares. Robert W. Baird started coverage on shares of Palantir Technologies in a research note on Thursday, December 12th. They set a “neutral” rating and a $70.00 price target on the stock. Bank of America raised their price objective on shares of Palantir Technologies from $55.00 to $75.00 and gave the company a “buy” rating in a research note on Monday, November 25th. William Blair reaffirmed an “underperform” rating on shares of Palantir Technologies in a research note on Wednesday, December 18th. UBS Group started coverage on shares of Palantir Technologies in a research note on Thursday, December 19th. They issued a “neutral” rating and a $80.00 price objective on the stock. Finally, Morgan Stanley reaffirmed an “underweight” rating and issued a $60.00 price objective on shares of Palantir Technologies in a research note on Monday, January 6th. Seven investment analysts have rated the stock with a sell rating, twelve have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Palantir Technologies presently has a consensus rating of “Hold” and a consensus price target of $43.78.

Palantir Technologies Company Profile

Palantir Technologies, Inc engages in the business of building and deploying software platforms that serve as the central operating systems for its customers. It operates under the Commercial and Government segments. The Commercial segment focuses on customers working in non-government industries. The Government segment is involved in providing services to customers that are the United States government and non-United States government agencies.