32,822 Shares in Palantir Technologies Inc. (NYSE:PLTR) Purchased by Quantbot Technologies LP

Quantbot Technologies LP acquired a new stake in shares of Palantir Technologies Inc. (NYSE:PLTR) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 32,822 shares of the company’s stock, valued at approximately $1,221,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in PLTR. Summit Securities Group LLC purchased a new stake in Palantir Technologies in the second quarter worth $25,000. Farmers & Merchants Investments Inc. purchased a new stake in shares of Palantir Technologies in the 2nd quarter worth about $25,000. Northwest Investment Counselors LLC bought a new position in shares of Palantir Technologies in the 3rd quarter worth about $25,000. University of Texas Texas AM Investment Management Co. purchased a new position in Palantir Technologies during the 2nd quarter valued at about $30,000. Finally, Ashburton Jersey Ltd bought a new stake in Palantir Technologies during the second quarter worth about $36,000. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Insider Transactions at Palantir Technologies

In other Palantir Technologies news, insider Heather A. Planishek sold 20,000 shares of the company’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $33.74, for a total value of $674,800.00. Following the completion of the sale, the insider now owns 576,023 shares in the company, valued at $19,435,016.02. This represents a 3.36 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Lauren Elaina Friedman Stat sold 6,050 shares of Palantir Technologies stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $33.19, for a total value of $200,799.50. Following the transaction, the director now directly owns 158,280 shares in the company, valued at approximately $5,253,313.20. The trade was a 3.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 34,163,181 shares of company stock worth $1,603,288,758 in the last quarter. Company insiders own 12.93% of the company’s stock.

Wall Street Analyst Weigh In

PLTR has been the subject of several recent research reports. Wedbush lifted their target price on shares of Palantir Technologies from $57.00 to $75.00 and gave the company an “outperform” rating in a report on Monday, November 25th. Mizuho lifted their price objective on Palantir Technologies from $30.00 to $37.00 and gave the company an “underperform” rating in a research note on Tuesday, November 5th. Northland Securities increased their target price on Palantir Technologies from $35.00 to $38.00 and gave the stock a “market perform” rating in a research note on Tuesday, November 5th. DA Davidson lifted their price target on Palantir Technologies from $28.00 to $47.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. Finally, Raymond James downgraded shares of Palantir Technologies from an “outperform” rating to a “market perform” rating in a research report on Monday, September 23rd. Six equities research analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the stock. According to MarketBeat, Palantir Technologies presently has an average rating of “Hold” and a consensus target price of $35.64.

Palantir Technologies Trading Up 1.6 %

NYSE:PLTR opened at $67.08 on Friday. The company has a market cap of $152.81 billion, a PE ratio of 335.42, a price-to-earnings-growth ratio of 8.93 and a beta of 2.70. The company has a 50 day simple moving average of $48.86 and a two-hundred day simple moving average of $34.96. Palantir Technologies Inc. has a 12 month low of $15.66 and a 12 month high of $67.88.

Palantir Technologies (NYSE:PLTR) last posted its quarterly earnings data on Monday, November 4th. The company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01. The company had revenue of $725.52 million during the quarter, compared to analysts’ expectations of $705.11 million. Palantir Technologies had a return on equity of 9.94% and a net margin of 18.01%. Palantir Technologies’s revenue for the quarter was up 30.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.03 earnings per share. Research analysts forecast that Palantir Technologies Inc. will post 0.21 earnings per share for the current year.

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.