Czech National Bank Makes New Investment in Palantir Technologies Inc. (NYSE:PLTR)

Czech National Bank acquired a new stake in shares of Palantir Technologies Inc. (NYSE:PLTR) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor acquired 410,229 shares of the company’s stock, valued at approximately $15,261,000.

Several other institutional investors have also recently modified their holdings of the company. Massmutual Trust Co. FSB ADV increased its position in shares of Palantir Technologies by 36.8% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 2,753 shares of the company’s stock valued at $102,000 after purchasing an additional 741 shares during the last quarter. Ashburton Jersey Ltd bought a new position in shares of Palantir Technologies during the 2nd quarter valued at about $36,000. Greater Midwest Financial Group LLC increased its position in shares of Palantir Technologies by 9.4% during the 2nd quarter. Greater Midwest Financial Group LLC now owns 87,142 shares of the company’s stock valued at $2,207,000 after purchasing an additional 7,474 shares during the last quarter. University of Texas Texas AM Investment Management Co. bought a new position in shares of Palantir Technologies during the 2nd quarter valued at about $30,000. Finally, Sanctuary Advisors LLC purchased a new stake in Palantir Technologies during the 2nd quarter valued at about $3,587,000. 45.65% of the stock is currently owned by institutional investors.

Insider Transactions at Palantir Technologies

In other news, Director Peter Thiel sold 4,181,118 shares of the firm’s stock in a transaction on Monday, September 30th. The stock was sold at an average price of $36.91, for a total value of $154,325,065.38. Following the transaction, the director now directly owns 38,502,451 shares in the company, valued at $1,421,125,466.41. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. In other news, insider Shyam Sankar sold 50,000 shares of the business’s stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $32.35, for a total value of $1,617,500.00. Following the transaction, the insider now directly owns 752,786 shares in the company, valued at $24,352,627.10. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Peter Thiel sold 4,181,118 shares of the business’s stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $36.91, for a total value of $154,325,065.38. Following the completion of the transaction, the director now owns 38,502,451 shares in the company, valued at $1,421,125,466.41. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 17,814,881 shares of company stock worth $648,616,023 in the last ninety days. Insiders own 12.93% of the company’s stock.

Palantir Technologies Stock Performance

Shares of PLTR stock traded up $0.77 on Friday, reaching $40.01. The stock had a trading volume of 62,657,545 shares, compared to its average volume of 57,253,805. The stock has a market cap of $89.60 billion, a P/E ratio of 333.44 and a beta of 2.72. Palantir Technologies Inc. has a 1 year low of $14.48 and a 1 year high of $40.29. The company has a 50 day simple moving average of $32.23 and a 200 day simple moving average of $26.67.

Palantir Technologies (NYSE:PLTR) last released its quarterly earnings results on Monday, August 5th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). The firm had revenue of $678.13 million during 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 quarterly revenue was up 27.2% on a year-over-year basis. During the same quarter last year, the business earned $0.01 earnings per share. On average, equities research analysts anticipate that Palantir Technologies Inc. will post 0.19 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on PLTR. Wedbush increased their target price on Palantir Technologies from $38.00 to $45.00 and gave the company an “outperform” rating in a report on Thursday, September 26th. Northland Securities began coverage on Palantir Technologies in a report on Thursday, August 22nd. They set a “market perform” rating and a $35.00 target price for the company. DA Davidson increased their target price on Palantir Technologies from $24.00 to $28.00 and gave the company a “neutral” rating in a report on Tuesday, August 6th. Deutsche Bank Aktiengesellschaft increased their target price on Palantir Technologies from $20.00 to $21.00 and gave the company a “sell” rating in a report on Tuesday, August 6th. Finally, Raymond James cut Palantir Technologies from an “outperform” rating to a “market perform” rating in a report on Monday, September 23rd. Five investment analysts have rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $27.29.

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.