Waterloo Capital L.P. Purchases New Position in Palantir Technologies Inc. (NYSE:PLTR)

Waterloo Capital L.P. acquired a new stake in Palantir Technologies Inc. (NYSE:PLTR) in the second quarter, according to its most recent filing with the SEC. The fund acquired 17,755 shares of the company’s stock, valued at approximately $450,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of PLTR. Vanguard Personalized Indexing Management LLC increased its holdings in Palantir Technologies by 16.5% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 138,234 shares of the company’s stock worth $3,499,000 after acquiring an additional 19,610 shares during the period. Amalgamated Bank grew its position in shares of Palantir Technologies by 5.0% during the 2nd quarter. Amalgamated Bank now owns 135,982 shares of the company’s stock valued at $3,444,000 after purchasing an additional 6,472 shares in the last quarter. Mercer Global Advisors Inc. ADV increased its holdings in shares of Palantir Technologies by 18.8% in the second quarter. Mercer Global Advisors Inc. ADV now owns 189,550 shares of the company’s stock worth $4,728,000 after purchasing an additional 30,030 shares during the period. Central Asset Investments & Management Holdings HK Ltd purchased a new stake in shares of Palantir Technologies in the second quarter worth $253,000. Finally, Wealth Alliance bought a new stake in Palantir Technologies during the second quarter valued at $247,000. Institutional investors own 45.65% of the company’s stock.

Insider Activity

In other Palantir Technologies news, Director Eric H. Woersching sold 3,026 shares of the firm’s stock in a transaction dated Tuesday, July 9th. The shares were sold at an average price of $28.00, for a total value of $84,728.00. Following the completion of the sale, the director now directly owns 29,817 shares in the company, valued at $834,876. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Alexander C. Karp sold 4,500,000 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $36.07, for a total value of $162,315,000.00. Following the completion of the transaction, the insider now directly owns 6,432,258 shares in the company, valued at approximately $232,011,546.06. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Eric H. Woersching sold 3,026 shares of Palantir Technologies stock in a transaction dated Tuesday, July 9th. The shares were sold at an average price of $28.00, for a total transaction of $84,728.00. Following the transaction, the director now directly owns 29,817 shares of the company’s stock, valued at $834,876. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 5,383,238 shares of company stock valued at $190,231,672. Corporate insiders own 12.93% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on PLTR. Wedbush reissued an “outperform” rating and set a $38.00 price objective on shares of Palantir Technologies in a report on Monday, September 9th. Citigroup increased their price target on shares of Palantir Technologies from $25.00 to $28.00 and gave the stock a “neutral” rating in a report on Tuesday, July 30th. Argus initiated coverage on shares of Palantir Technologies in a report on Monday, June 17th. They set a “buy” rating and a $29.00 price objective for the company. Northland Securities assumed coverage on Palantir Technologies in a research note on Thursday, August 22nd. They issued a “market perform” rating and a $35.00 target price on the stock. Finally, Jefferies Financial Group lifted their price target on Palantir Technologies from $24.00 to $28.00 and gave the stock a “hold” rating in a research note on Monday, July 29th. Five research analysts have rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $26.79.

Palantir Technologies Stock Up 1.2 %

NYSE:PLTR opened at $36.83 on Friday. The firm has a market capitalization of $82.01 billion, a P/E ratio of 306.88, a P/E/G ratio of 6.16 and a beta of 2.72. Palantir Technologies Inc. has a 52 week low of $13.68 and a 52 week high of $37.35. The company has a fifty day moving average of $30.20 and a 200 day moving average of $25.74.

Palantir Technologies (NYSE:PLTR) last posted its earnings results on Monday, August 5th. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). The firm had revenue of $678.13 million for the quarter, compared to analysts’ expectations of $653.23 million. Palantir Technologies had a return on equity of 8.88% and a net margin of 16.32%. The business’s revenue for the quarter was up 27.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.01 earnings per share. As a group, analysts anticipate that Palantir Technologies Inc. will post 0.19 EPS 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.