Vestmark Advisory Solutions Inc. Buys New Stake in Palantir Technologies Inc. (NYSE:PLTR)

Vestmark Advisory Solutions Inc. purchased a new stake in Palantir Technologies Inc. (NYSE:PLTR) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 312,938 shares of the company’s stock, valued at approximately $5,373,000.

Other large investors have also recently added to or reduced their stakes in the company. Robeco Institutional Asset Management B.V. raised its holdings in shares of Palantir Technologies by 488.9% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,052,427 shares of the company’s stock valued at $16,839,000 after buying an additional 873,730 shares during the period. Xponance Inc. raised its stake in shares of Palantir Technologies by 1.4% during the third quarter. Xponance Inc. now owns 267,590 shares of the company’s stock valued at $4,281,000 after purchasing an additional 3,651 shares during the period. Raymond James & Associates raised its stake in shares of Palantir Technologies by 18.8% during the third quarter. Raymond James & Associates now owns 1,563,991 shares of the company’s stock valued at $25,024,000 after purchasing an additional 247,595 shares during the period. Raymond James Financial Services Advisors Inc. lifted its position in shares of Palantir Technologies by 16.6% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 1,080,570 shares of the company’s stock worth $17,289,000 after purchasing an additional 154,085 shares in the last quarter. Finally, Stratos Wealth Partners LTD. boosted its stake in shares of Palantir Technologies by 43.6% in the third quarter. Stratos Wealth Partners LTD. now owns 105,003 shares of the company’s stock valued at $1,680,000 after purchasing an additional 31,863 shares during the period. 45.65% of the stock is currently owned by institutional investors and hedge funds.

Palantir Technologies Stock Up 3.5 %

PLTR stock traded up $0.78 during midday trading on Friday, reaching $23.33. The company had a trading volume of 55,976,409 shares, compared to its average volume of 32,383,440. The stock has a 50 day moving average price of $23.36 and a 200 day moving average price of $20.22. The firm has a market capitalization of $51.62 billion, a PE ratio of 259.25, a P/E/G ratio of 5.72 and a beta of 2.76. Palantir Technologies Inc. has a fifty-two week low of $7.28 and a fifty-two week high of $27.50.

Palantir Technologies (NYSE:PLTR) last issued its quarterly earnings data on Monday, February 5th. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). The company had revenue of $608.35 million for the quarter, compared to the consensus estimate of $603.48 million. Palantir Technologies had a return on equity of 6.17% and a net margin of 9.43%. Research analysts predict that Palantir Technologies Inc. will post 0.16 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have commented on PLTR. Raymond James boosted their price objective on shares of Palantir Technologies from $22.00 to $25.00 and gave the stock an “outperform” rating in a report on Tuesday, February 6th. Mizuho increased their price target on Palantir Technologies from $18.00 to $21.00 and gave the company a “neutral” rating in a report on Thursday, March 7th. Monness Crespi & Hardt upgraded Palantir Technologies from a “sell” rating to a “neutral” rating in a report on Friday, April 26th. Wedbush reaffirmed an “outperform” rating and issued a $35.00 target price (up from $30.00) on shares of Palantir Technologies in a research report on Friday, March 8th. Finally, HSBC downgraded shares of Palantir Technologies from a “buy” rating to a “hold” rating and set a $22.00 price target for the company. in a research report on Wednesday, February 14th. Three analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $18.35.

Insider Buying and Selling

In other Palantir Technologies news, Director Peter Thiel sold 7,044,756 shares of the business’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $24.79, for a total transaction of $174,639,501.24. Following the completion of the transaction, the director now directly owns 70,806,432 shares of the company’s stock, valued at approximately $1,755,291,449.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Ryan D. Taylor sold 150,000 shares of Palantir Technologies stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $24.00, for a total transaction of $3,600,000.00. Following the sale, the insider now directly owns 181,460 shares in the company, valued at $4,355,040. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Peter Thiel sold 7,044,756 shares of the stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $24.79, for a total transaction of $174,639,501.24. Following the completion of the transaction, the director now owns 70,806,432 shares of the company’s stock, valued at approximately $1,755,291,449.28. The disclosure for this sale can be found here. Insiders have sold a total of 7,476,273 shares of company stock valued at $184,783,602 in the last quarter. Company insiders own 13.96% of the company’s stock.

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.