UMB Bank n.a. Has $10.79 Million Stock Holdings in Palantir Technologies Inc. (NYSE:PLTR)

UMB Bank n.a. raised its position in Palantir Technologies Inc. (NYSE:PLTR) by 5.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 290,122 shares of the company’s stock after purchasing an additional 15,308 shares during the quarter. UMB Bank n.a.’s holdings in Palantir Technologies were worth $10,793,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Elo Mutual Pension Insurance Co boosted its stake in shares of Palantir Technologies by 6.2% in the 4th quarter. Elo Mutual Pension Insurance Co now owns 161,134 shares of the company’s stock valued at $2,767,000 after purchasing an additional 9,445 shares during the last quarter. Empirical Capital Management LLC purchased a new position in shares of Palantir Technologies in the 4th quarter worth approximately $2,627,000. Coatue Management LLC raised its position in Palantir Technologies by 285.6% in the fourth quarter. Coatue Management LLC now owns 3,447,363 shares of the company’s stock worth $59,191,000 after acquiring an additional 2,553,432 shares during the period. Cantor Fitzgerald L. P. purchased a new position in Palantir Technologies in the fourth quarter valued at about $2,454,000. Finally, Bayesian Capital Management LP raised its holdings in shares of Palantir Technologies by 2.1% in the 4th quarter. Bayesian Capital Management LP now owns 176,800 shares of the company’s stock worth $3,036,000 after purchasing an additional 3,700 shares during the period. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on PLTR. Jefferies Financial Group boosted their price target on shares of Palantir Technologies from $24.00 to $28.00 and gave the company a “hold” rating in a research report on Monday, July 29th. Northland Securities began coverage on shares of Palantir Technologies in a report on Thursday, August 22nd. They issued a “market perform” rating and a $35.00 price target for the company. The Goldman Sachs Group upped their price target on shares of Palantir Technologies from $14.00 to $16.00 and gave the stock a “neutral” rating in a report on Wednesday, August 7th. DA Davidson raised their price target on Palantir Technologies from $24.00 to $28.00 and gave the company a “neutral” rating in a report on Tuesday, August 6th. Finally, Northland Capmk raised Palantir Technologies to a “hold” rating in a report on Thursday, August 22nd. Five research analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $27.29.

Palantir Technologies Price Performance

PLTR traded up $0.15 during midday trading on Thursday, reaching $43.28. 24,568,615 shares of the company’s stock traded hands, compared to its average volume of 57,196,625. Palantir Technologies Inc. has a 52 week low of $14.48 and a 52 week high of $43.36. The firm has a fifty day moving average of $33.35 and a two-hundred day moving average of $27.16. The stock has a market capitalization of $96.38 billion, a price-to-earnings ratio of 360.92 and a beta of 2.72.

Palantir Technologies (NYSE:PLTR) last issued its quarterly earnings data on Monday, August 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 $678.13 million during the quarter, compared to the consensus estimate of $653.23 million. Palantir Technologies had a return on equity of 8.88% and a net margin of 16.32%. The firm’s revenue for the quarter was up 27.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.01 earnings per share. Sell-side analysts forecast that Palantir Technologies Inc. will post 0.19 EPS for the current year.

Insider Activity

In related news, insider David A. Glazer sold 90,000 shares of the business’s stock in a transaction that occurred on Thursday, July 18th. The shares were sold at an average price of $29.36, for a total transaction of $2,642,400.00. Following the completion of the sale, the insider now directly owns 298,012 shares in the company, valued at approximately $8,749,632.32. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, insider David A. Glazer sold 90,000 shares of Palantir Technologies stock in a transaction on Thursday, July 18th. The shares were sold at an average price of $29.36, for a total transaction of $2,642,400.00. Following the transaction, the insider now owns 298,012 shares in the company, valued at approximately $8,749,632.32. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Lauren Elaina Friedman Stat sold 2,000 shares of the stock in a transaction 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 sale, the director now owns 69,039 shares of the company’s stock, valued at $2,000,059.83. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 17,831,855 shares of company stock valued at $649,330,295 over the last three months. Insiders own 12.93% of the company’s stock.

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.