Palantir Technologies Inc. (NYSE:PLTR) Shares Purchased by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System increased its holdings in shares of Palantir Technologies Inc. (NYSE:PLTR) by 3.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 148,210 shares of the company’s stock after buying an additional 5,187 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Palantir Technologies were worth $2,545,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in PLTR. Pursue Wealth Partners LLC purchased a new stake in shares of Palantir Technologies during the fourth quarter worth about $1,741,000. Qsemble Capital Management LP acquired a new stake in Palantir Technologies in the 3rd quarter worth approximately $1,178,000. Trexquant Investment LP purchased a new stake in Palantir Technologies during the 3rd quarter worth approximately $4,446,000. Raymond James Financial Services Advisors Inc. increased its stake in Palantir Technologies by 10.8% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 1,196,790 shares of the company’s stock valued at $20,549,000 after purchasing an additional 116,220 shares in the last quarter. Finally, Victory Capital Management Inc. raised its holdings in shares of Palantir Technologies by 3.9% in the third quarter. Victory Capital Management Inc. now owns 684,953 shares of the company’s stock worth $10,959,000 after buying an additional 25,787 shares during the last quarter. 45.65% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Alexander D. Moore sold 20,000 shares of Palantir Technologies stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $22.02, for a total value of $440,400.00. Following the completion of the sale, the director now directly owns 1,595,519 shares of the company’s stock, valued at $35,133,328.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Palantir Technologies news, insider Heather A. Planishek sold 32,828 shares of the business’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $25.95, for a total value of $851,886.60. Following the completion of the transaction, the insider now owns 662,006 shares in the company, valued at $17,179,055.70. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Alexander D. Moore sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $22.02, for a total transaction of $440,400.00. Following the sale, the director now owns 1,595,519 shares in the company, valued at $35,133,328.38. The disclosure for this sale can be found here. Insiders have sold 7,356,273 shares of company stock worth $182,143,602 over the last ninety days. Corporate insiders own 13.96% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on PLTR. Monness Crespi & Hardt raised shares of Palantir Technologies from a “sell” rating to a “neutral” rating in a report on Friday, April 26th. Wedbush reissued an “outperform” rating and issued a $35.00 price objective on shares of Palantir Technologies in a report on Monday. Raymond James lifted their target price on Palantir Technologies from $22.00 to $25.00 and gave the stock an “outperform” rating in a report on Tuesday, February 6th. DA Davidson increased their price target on shares of Palantir Technologies from $19.00 to $24.00 and gave the stock a “neutral” rating in a report on Tuesday. Finally, Royal Bank of Canada lifted their price objective on shares of Palantir Technologies from $5.00 to $9.00 and gave the company an “underperform” rating in a research note on Tuesday. Five equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $20.65.

Palantir Technologies Stock Performance

Shares of Palantir Technologies stock traded down $0.02 during trading hours on Wednesday, hitting $21.38. The company’s stock had a trading volume of 22,264,478 shares, compared to its average volume of 63,124,617. The firm has a fifty day moving average of $23.40 and a 200-day moving average of $20.31. The stock has a market cap of $47.31 billion, a price-to-earnings ratio of 237.86, a P/E/G ratio of 5.72 and a beta of 2.76. Palantir Technologies Inc. has a twelve month low of $8.65 and a twelve month high of $27.50.

Palantir Technologies (NYSE:PLTR) last issued its quarterly earnings data on Monday, February 5th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.01). The company had revenue of $608.35 million during the quarter, compared to analyst estimates of $603.48 million. Palantir Technologies had a return on equity of 6.17% and a net margin of 9.43%. On average, sell-side analysts expect that Palantir Technologies Inc. will post 0.16 earnings per share for the current fiscal year.

Palantir Technologies Company 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.