Acadian Asset Management LLC Purchases 4,984 Shares of Palantir Technologies Inc. (NYSE:PLTR)

Acadian Asset Management LLC lifted its position in shares of Palantir Technologies Inc. (NYSE:PLTR) by 0.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 530,884 shares of the company’s stock after buying an additional 4,984 shares during the quarter. Acadian Asset Management LLC’s holdings in Palantir Technologies were worth $12,210,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of PLTR. Whittier Trust Co. lifted its stake in Palantir Technologies by 25.3% in the fourth quarter. Whittier Trust Co. now owns 56,559 shares of the company’s stock valued at $971,000 after buying an additional 11,427 shares during the period. Advisor Resource Council acquired a new position in shares of Palantir Technologies during the 4th quarter valued at $266,000. Everhart Financial Group Inc. boosted its stake in Palantir Technologies by 6.1% during the fourth quarter. Everhart Financial Group Inc. now owns 12,730 shares of the company’s stock worth $219,000 after acquiring an additional 734 shares in the last quarter. GPS Wealth Strategies Group LLC boosted its stake in Palantir Technologies by 81.9% during the fourth quarter. GPS Wealth Strategies Group LLC now owns 18,870 shares of the company’s stock worth $324,000 after acquiring an additional 8,495 shares in the last quarter. Finally, Premier Path Wealth Partners LLC acquired a new stake in Palantir Technologies in the fourth quarter worth $206,000. Institutional investors own 45.65% of the company’s stock.

Palantir Technologies Stock Down 0.2 %

NYSE:PLTR traded down $0.06 during trading hours on Friday, hitting $28.58. 49,581,636 shares of the company traded hands, compared to its average volume of 42,311,336. The company has a market cap of $63.64 billion, a PE ratio of 238.19, a PEG ratio of 6.60 and a beta of 2.71. The firm’s 50-day simple moving average is $24.25 and its 200-day simple moving average is $22.60. Palantir Technologies Inc. has a one year low of $13.68 and a one year high of $29.83.

Palantir Technologies (NYSE:PLTR) last released its quarterly earnings results on Monday, May 6th. The company reported $0.04 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.04. Palantir Technologies had a net margin of 12.79% and a return on equity of 8.28%. The company had revenue of $634.34 million for the quarter, compared to analyst estimates of $614.88 million. As a group, equities research analysts expect that Palantir Technologies Inc. will post 0.16 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Citigroup upped their price objective on shares of Palantir Technologies from $23.00 to $25.00 and gave the company a “neutral” rating in a report on Tuesday, May 7th. Wedbush reaffirmed an “outperform” rating and set a $35.00 price target on shares of Palantir Technologies in a research note on Monday, May 6th. DA Davidson increased their price target on Palantir Technologies from $19.00 to $24.00 and gave the stock a “neutral” rating in a report on Tuesday, May 7th. Royal Bank of Canada boosted their price objective on Palantir Technologies from $5.00 to $9.00 and gave the company an “underperform” rating in a report on Tuesday, May 7th. Finally, Argus started coverage on Palantir Technologies in a report on Monday, June 17th. They issued a “buy” rating and a $29.00 target price on the stock. Seven equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Palantir Technologies has an average rating of “Hold” and a consensus target price of $21.32.

Insiders Place Their Bets

In other news, Director Lauren Elaina Friedman Stat sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $28.97, for a total value of $57,940.00. Following the completion of the transaction, the director now directly owns 69,039 shares of the company’s stock, valued at $2,000,059.83. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, Director Lauren Elaina Friedman Stat sold 2,000 shares of the business’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $28.97, for a total value of $57,940.00. Following the transaction, the director now directly owns 69,039 shares of the company’s stock, valued at approximately $2,000,059.83. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Alexander D. Moore sold 20,000 shares of the stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $22.02, for a total transaction of $440,400.00. Following the transaction, the director now owns 1,595,519 shares of the company’s stock, valued at approximately $35,133,328.38. The disclosure for this sale can be found here. Insiders have sold a total of 11,377,179 shares of company stock valued at $240,083,913 in the last 90 days. 12.93% of the stock is currently owned by corporate insiders.

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.