TT International Asset Management LTD Makes New $264,000 Investment in Palantir Technologies Inc. (NASDAQ:PLTR)

TT International Asset Management LTD purchased a new stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,500 shares of the company’s stock, valued at approximately $264,000.

Several other institutional investors also recently added to or reduced their stakes in PLTR. LPL Financial LLC grew its position in Palantir Technologies by 16.6% during the second quarter. LPL Financial LLC now owns 2,524,730 shares of the company’s stock valued at $63,951,000 after buying an additional 360,008 shares during the period. BOKF NA grew its position in Palantir Technologies by 2.3% during the second quarter. BOKF NA now owns 30,739 shares of the company’s stock valued at $779,000 after buying an additional 700 shares during the period. DekaBank Deutsche Girozentrale boosted its position in Palantir Technologies by 107.4% during the second quarter. DekaBank Deutsche Girozentrale now owns 478,345 shares of the company’s stock worth $12,164,000 after purchasing an additional 247,681 shares during the period. Meeder Advisory Services Inc. boosted its position in Palantir Technologies by 60.4% during the second quarter. Meeder Advisory Services Inc. now owns 31,981 shares of the company’s stock worth $810,000 after purchasing an additional 12,043 shares during the period. Finally, Federated Hermes Inc. boosted its position in Palantir Technologies by 0.3% during the second quarter. Federated Hermes Inc. now owns 431,667 shares of the company’s stock worth $10,934,000 after purchasing an additional 1,321 shares during the period. Institutional investors own 45.65% of the company’s stock.

Palantir Technologies Stock Performance

PLTR opened at $67.26 on Monday. The stock has a market capitalization of $153.22 billion, a price-to-earnings ratio of 336.32, a PEG ratio of 10.18 and a beta of 2.82. The company has a fifty day moving average of $68.93 and a 200 day moving average of $45.98. Palantir Technologies Inc. has a fifty-two week low of $16.03 and a fifty-two week high of $84.80.

Palantir Technologies (NASDAQ:PLTR) last released its earnings results on Monday, November 4th. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.01. The firm had revenue of $725.52 million during the quarter, compared to analyst estimates of $705.11 million. Palantir Technologies had a net margin of 18.01% and a return on equity of 9.94%. The business’s revenue was up 30.0% on a year-over-year basis. During the same quarter last year, the business earned $0.03 EPS. On average, equities research analysts forecast that Palantir Technologies Inc. will post 0.21 earnings per share for the current year.

Insider Activity at Palantir Technologies

In other Palantir Technologies news, Director Lauren Elaina Friedman Stat sold 800 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $76.29, for a total transaction of $61,032.00. Following the transaction, the director now owns 62,139 shares of the company’s stock, valued at approximately $4,740,584.31. This trade represents a 1.27 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Alexander C. Karp sold 3,337,048 shares of the firm’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $45.02, for a total transaction of $150,233,900.96. Following the transaction, the insider now directly owns 6,432,258 shares in the company, valued at $289,580,255.16. This trade represents a 34.16 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 23,642,189 shares of company stock worth $1,444,232,453 in the last 90 days. 12.93% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on PLTR shares. William Blair reiterated an “underperform” rating on shares of Palantir Technologies in a research report on Wednesday, December 18th. Jefferies Financial Group lowered shares of Palantir Technologies from a “hold” rating to an “underperform” rating and set a $28.00 target price for the company. in a research report on Thursday, November 7th. DA Davidson increased their target price on shares of Palantir Technologies from $28.00 to $47.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. Robert W. Baird began coverage on shares of Palantir Technologies in a research report on Thursday, December 12th. They set a “neutral” rating and a $70.00 target price for the company. Finally, Mizuho increased their price target on shares of Palantir Technologies from $37.00 to $44.00 and gave the stock an “underperform” rating in a report on Friday, December 13th. Seven equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Palantir Technologies has an average rating of “Hold” and an average price target of $42.12.

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.