Xponance Inc. Boosts Stock Holdings in Palantir Technologies Inc. (NYSE:PLTR)

Xponance Inc. grew its stake in shares of Palantir Technologies Inc. (NYSE:PLTR) by 5.0% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 350,849 shares of the company’s stock after buying an additional 16,679 shares during the period. Xponance Inc.’s holdings in Palantir Technologies were worth $8,887,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. raised its holdings in Palantir Technologies by 3.5% in the fourth quarter. Vanguard Group Inc. now owns 193,805,263 shares of the company’s stock valued at $3,327,636,000 after buying an additional 6,466,596 shares during the period. SG Americas Securities LLC lifted its holdings in shares of Palantir Technologies by 183.3% during the 1st quarter. SG Americas Securities LLC now owns 158,394 shares of the company’s stock valued at $3,645,000 after acquiring an additional 102,479 shares in the last quarter. Accel Wealth Management purchased a new stake in Palantir Technologies during the 1st quarter worth $360,000. ProShare Advisors LLC acquired a new stake in Palantir Technologies in the 1st quarter valued at $262,000. Finally, Norges Bank acquired a new stake in Palantir Technologies in the 4th quarter valued at $46,542,000. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Palantir Technologies Trading Up 2.0 %

Shares of NYSE PLTR opened at $37.93 on Tuesday. The business has a 50 day simple moving average of $30.57 and a 200-day simple moving average of $25.92. Palantir Technologies Inc. has a twelve month low of $13.82 and a twelve month high of $38.19. The company has a market capitalization of $84.47 billion, a price-to-earnings ratio of 316.08 and a beta of 2.72.

Palantir Technologies (NYSE:PLTR) last issued 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). Palantir Technologies had a return on equity of 8.88% and a net margin of 16.32%. The business had revenue of $678.13 million for the quarter, compared to analyst estimates of $653.23 million. During the same period last year, the company posted $0.01 earnings per share. The firm’s revenue for the quarter was up 27.2% on a year-over-year basis. As a group, equities analysts predict that Palantir Technologies Inc. will post 0.19 earnings per share for the current year.

Insider Activity

In related news, Director Lauren Elaina Friedman Stat sold 6,000 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $36.35, for a total transaction of $218,100.00. Following the completion of the transaction, the director now owns 152,280 shares in the company, valued at approximately $5,535,378. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Lauren Elaina Friedman Stat sold 6,000 shares of Palantir Technologies stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $36.35, for a total value of $218,100.00. Following the sale, the director now directly owns 152,280 shares in the company, valued at approximately $5,535,378. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Eric H. Woersching sold 3,026 shares of the company’s stock in a transaction dated Tuesday, July 9th. The stock was sold at an average price of $28.00, for a total transaction of $84,728.00. Following the completion of the transaction, the director now owns 29,817 shares of the company’s stock, valued at approximately $834,876. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 5,383,238 shares of company stock valued at $190,231,672. 12.93% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on PLTR shares. Northland Securities assumed coverage on Palantir Technologies in a research report on Thursday, August 22nd. They issued a “market perform” rating and a $35.00 target price for the company. DA Davidson increased their price objective on shares of Palantir Technologies from $24.00 to $28.00 and gave the company a “neutral” rating in a research report on Tuesday, August 6th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Palantir Technologies from $20.00 to $21.00 and gave the stock a “sell” rating in a research report on Tuesday, August 6th. Jefferies Financial Group raised their price target on shares of Palantir Technologies from $24.00 to $28.00 and gave the company a “hold” rating in a report on Monday, July 29th. Finally, Raymond James lowered shares of Palantir Technologies from an “outperform” rating to a “market perform” rating in a report on Monday. Five research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $26.79.

About Palantir Technologies

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.