Palantir Technologies Inc. (NYSE:PLTR) Shares Purchased by Andra AP fonden

Andra AP fonden grew its position in shares of Palantir Technologies Inc. (NYSE:PLTR) by 122.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 286,400 shares of the company’s stock after acquiring an additional 157,400 shares during the quarter. Andra AP fonden’s holdings in Palantir Technologies were worth $7,255,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of PLTR. Evolution Wealth Advisors LLC lifted its holdings in shares of Palantir Technologies by 0.5% during the 2nd quarter. Evolution Wealth Advisors LLC now owns 73,144 shares of the company’s stock valued at $1,853,000 after acquiring an additional 360 shares in the last quarter. First Horizon Advisors Inc. boosted its position in shares of Palantir Technologies by 2.6% in the second quarter. First Horizon Advisors Inc. now owns 15,235 shares of the company’s stock worth $386,000 after buying an additional 379 shares during the period. Gradient Investments LLC grew its stake in shares of Palantir Technologies by 21.4% in the second quarter. Gradient Investments LLC now owns 2,306 shares of the company’s stock valued at $58,000 after buying an additional 406 shares in the last quarter. Apella Capital LLC raised its holdings in shares of Palantir Technologies by 3.7% during the 2nd quarter. Apella Capital LLC now owns 11,791 shares of the company’s stock valued at $323,000 after buying an additional 416 shares during the period. Finally, Valeo Financial Advisors LLC lifted its position in Palantir Technologies by 1.2% during the 2nd quarter. Valeo Financial Advisors LLC now owns 36,177 shares of the company’s stock worth $916,000 after acquiring an additional 416 shares in the last quarter. 45.65% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on PLTR. Jefferies Financial Group lifted their price objective on shares of Palantir Technologies from $24.00 to $28.00 and gave the company a “hold” rating in a research note on Monday, July 29th. Northland Securities started coverage on Palantir Technologies in a research note on Thursday, August 22nd. They set a “market perform” rating and a $35.00 target price for the company. Mizuho cut Palantir Technologies from a “neutral” rating to an “underperform” rating and boosted their price target for the stock from $21.00 to $22.00 in a research note on Tuesday, July 16th. Monness Crespi & Hardt lowered their price objective on Palantir Technologies from $20.00 to $18.00 and set a “sell” rating for the company in a research note on Tuesday, August 6th. Finally, DA Davidson upped their target price on Palantir Technologies from $24.00 to $28.00 and gave the company a “neutral” rating in a research report on Tuesday, August 6th. Five equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $26.79.

Palantir Technologies Stock Performance

Shares of NYSE:PLTR opened at $34.85 on Thursday. The company’s fifty day moving average is $29.34 and its two-hundred day moving average is $25.34. Palantir Technologies Inc. has a 1-year low of $13.68 and a 1-year high of $35.20. The stock has a market capitalization of $77.61 billion, a price-to-earnings ratio of 290.42, a price-to-earnings-growth ratio of 5.35 and a beta of 2.72.

Palantir Technologies (NYSE:PLTR) last released its quarterly earnings data on Monday, August 5th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate 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 quarter last year, the company earned $0.01 EPS. Palantir Technologies’s revenue was up 27.2% compared to the same quarter last year. Sell-side analysts expect that Palantir Technologies Inc. will post 0.19 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Alexander D. Moore sold 20,000 shares of the company’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $30.89, for a total transaction of $617,800.00. Following the completion of the transaction, the director now directly owns 1,510,630 shares in the company, valued at approximately $46,663,360.70. The sale was disclosed in a document filed with the SEC, which is available through this link. In other Palantir Technologies news, Director Alexander D. Moore sold 20,000 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $30.89, for a total transaction of $617,800.00. Following the completion of the transaction, the director now directly owns 1,510,630 shares of the company’s stock, valued at approximately $46,663,360.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider David A. Glazer sold 90,000 shares of the firm’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 owns 298,012 shares in the company, valued at approximately $8,749,632.32. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 724,699 shares of company stock valued at $22,329,596. 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.