Palantir Technologies Inc. $PLTR Shares Bought by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. lifted its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 6.6% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 530,876 shares of the company’s stock after buying an additional 32,692 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Palantir Technologies were worth $72,369,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Signature Resources Capital Management LLC acquired a new position in Palantir Technologies in the second quarter valued at approximately $25,000. Wealth Preservation Advisors LLC bought a new stake in shares of Palantir Technologies in the 1st quarter worth approximately $27,000. 1248 Management LLC acquired a new position in Palantir Technologies during the 1st quarter valued at approximately $27,000. Briaud Financial Planning Inc bought a new position in Palantir Technologies during the 2nd quarter worth $27,000. Finally, LFA Lugano Financial Advisors SA acquired a new stake in Palantir Technologies in the second quarter worth $27,000. Institutional investors own 45.65% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on PLTR. Jefferies Financial Group reissued an “underperform” rating on shares of Palantir Technologies in a report on Tuesday, November 4th. Royal Bank Of Canada boosted their target price on shares of Palantir Technologies from $45.00 to $50.00 and gave the company an “underperform” rating in a research note on Tuesday, November 4th. UBS Group raised their price target on shares of Palantir Technologies from $165.00 to $205.00 and gave the company a “neutral” rating in a research note on Tuesday, November 4th. Piper Sandler boosted their price objective on Palantir Technologies from $201.00 to $225.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 4th. Finally, Raymond James Financial reissued a “market perform” rating on shares of Palantir Technologies in a report on Tuesday, November 4th. Four equities research analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $172.28.

Insider Activity

In other news, insider Shyam Sankar sold 149,872 shares of Palantir Technologies stock in a transaction that occurred on Thursday, November 20th. The shares were sold at an average price of $163.99, for a total value of $24,577,509.28. Following the transaction, the insider owned 642,786 shares of the company’s stock, valued at $105,410,476.14. The trade was a 18.91% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Lauren Elaina Friedman Stat sold 21,000 shares of the business’s stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $165.95, for a total transaction of $3,484,950.00. Following the completion of the sale, the director owned 59,794 shares in the company, valued at $9,922,814.30. The trade was a 25.99% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 1,029,844 shares of company stock valued at $168,161,111 over the last quarter. Insiders own 12.93% of the company’s stock.

Palantir Technologies Price Performance

Palantir Technologies stock opened at $181.49 on Tuesday. Palantir Technologies Inc. has a 12-month low of $63.40 and a 12-month high of $207.52. The stock has a market capitalization of $432.57 billion, a PE ratio of 432.13, a price-to-earnings-growth ratio of 7.05 and a beta of 1.50. The firm has a 50 day simple moving average of $179.05 and a 200-day simple moving average of $162.16.

Palantir Technologies (NASDAQ:PLTR) last released its earnings results on Monday, November 3rd. The company reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.04. Palantir Technologies had a return on equity of 15.48% and a net margin of 28.11%.The firm had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same period in the prior year, the firm posted $0.10 earnings per share. The firm’s revenue for the quarter was up 62.8% compared to the same quarter last year. On average, analysts forecast that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

About Palantir Technologies

Palantir Technologies, Inc engages in the business of building and deploying software platforms that serve as the central operating systems for its customers. It operates under the Commercial and Government segments. The Commercial segment focuses on customers working in non-government industries. The Government segment is involved in providing services to customers that are the United States government and non-United States government agencies.