NBC Securities Inc. Acquires 1,340 Shares of Palantir Technologies Inc. (NYSE:PLTR)

NBC Securities Inc. boosted its holdings in Palantir Technologies Inc. (NYSE:PLTR) by 112.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,534 shares of the company’s stock after buying an additional 1,340 shares during the period. NBC Securities Inc.’s holdings in Palantir Technologies were worth $58,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of PLTR. Vanguard Group Inc. grew its position in shares of Palantir Technologies by 11.1% in the third quarter. Vanguard Group Inc. now owns 187,338,667 shares of the company’s stock valued at $2,997,419,000 after purchasing an additional 18,756,392 shares in the last quarter. Morgan Stanley increased its position in shares of Palantir Technologies by 26.1% during the third quarter. Morgan Stanley now owns 22,614,555 shares of the company’s stock valued at $361,833,000 after buying an additional 4,675,824 shares during the period. KEYWISE CAPITAL MANAGEMENT HK Ltd lifted its holdings in shares of Palantir Technologies by 314.7% in the third quarter. KEYWISE CAPITAL MANAGEMENT HK Ltd now owns 5,285,700 shares of the company’s stock worth $84,571,000 after buying an additional 4,011,100 shares in the last quarter. Quadrature Capital Ltd purchased a new position in Palantir Technologies during the third quarter valued at approximately $55,719,000. Finally, International Assets Investment Management LLC lifted its stake in Palantir Technologies by 1,784.0% in the 4th quarter. International Assets Investment Management LLC now owns 2,895,772 shares of the company’s stock worth $49,720,000 after purchasing an additional 2,742,071 shares in the last quarter. Institutional investors own 45.65% of the company’s stock.

Insider Transactions at Palantir Technologies

In related news, insider Heather A. Planishek sold 2,398 shares of the firm’s stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $21.30, for a total value of $51,077.40. Following the completion of the sale, the insider now owns 639,696 shares of the company’s stock, valued at $13,625,524.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Heather A. Planishek sold 2,398 shares of the stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $21.30, for a total value of $51,077.40. Following the completion of the transaction, the insider now directly owns 639,696 shares of the company’s stock, valued at $13,625,524.80. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Peter Thiel sold 6,285,833 shares of Palantir Technologies stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $21.33, for a total value of $134,076,817.89. Following the sale, the director now directly owns 64,520,599 shares in the company, valued at $1,376,224,376.67. The disclosure for this sale can be found here. In the last three months, insiders have sold 11,377,153 shares of company stock worth $240,054,945. 12.93% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

PLTR has been the subject of several research analyst reports. Bank of America boosted their target price on Palantir Technologies from $24.00 to $28.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. William Blair reiterated an “underperform” rating on shares of Palantir Technologies in a research report on Tuesday, May 7th. 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, May 7th. Royal Bank of Canada lifted their price objective on shares of Palantir Technologies from $5.00 to $9.00 and gave the stock an “underperform” rating in a report on Tuesday, May 7th. Finally, Argus began coverage on Palantir Technologies in a research note on Monday, June 17th. They issued a “buy” rating and a $29.00 target price on the stock. Six research analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $21.25.

Palantir Technologies Stock Up 1.3 %

Shares of NYSE PLTR opened at $24.16 on Tuesday. The company has a market cap of $53.80 billion, a price-to-earnings ratio of 201.35, a PEG ratio of 5.90 and a beta of 2.70. The firm’s fifty day moving average is $22.29 and its 200 day moving average is $21.29. Palantir Technologies Inc. has a 52 week low of $13.68 and a 52 week high of $27.50.

Palantir Technologies (NYSE:PLTR) last issued its quarterly earnings data on Monday, May 6th. The company reported $0.04 EPS for the quarter, meeting the consensus estimate of $0.04. The firm had revenue of $634.34 million during the quarter, compared to the consensus estimate of $614.88 million. Palantir Technologies had a net margin of 12.79% and a return on equity of 8.28%. Equities research analysts anticipate that Palantir Technologies Inc. will post 0.16 earnings per share for the current 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.