Union Bancaire Privee UBP SA Acquires 53,069 Shares of Palantir Technologies Inc. $PLTR

Union Bancaire Privee UBP SA boosted its stake in Palantir Technologies Inc. (NASDAQ:PLTR) by 24.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 274,033 shares of the company’s stock after purchasing an additional 53,069 shares during the period. Palantir Technologies comprises approximately 1.0% of Union Bancaire Privee UBP SA’s investment portfolio, making the stock its 25th biggest position. Union Bancaire Privee UBP SA’s holdings in Palantir Technologies were worth $49,989,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Signature Resources Capital Management LLC acquired a new position in shares of Palantir Technologies in the second quarter worth approximately $25,000. Briaud Financial Planning Inc acquired a new stake in Palantir Technologies during the 2nd quarter valued at approximately $27,000. LFA Lugano Financial Advisors SA acquired a new stake in Palantir Technologies during the 2nd quarter valued at approximately $27,000. Frazier Financial Advisors LLC bought a new position in Palantir Technologies during the 2nd quarter worth approximately $28,000. Finally, Delos Wealth Advisors LLC acquired a new position in shares of Palantir Technologies in the 2nd quarter worth approximately $29,000. 45.65% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, insider David A. Glazer sold 15,557 shares of the company’s stock in a transaction on Thursday, November 20th. The shares were sold at an average price of $163.99, for a total value of $2,551,192.43. Following the transaction, the insider owned 415,612 shares of the company’s stock, valued at approximately $68,156,211.88. This represents a 3.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Ryan D. Taylor sold 36,048 shares of Palantir Technologies stock in a transaction on Monday, November 24th. The shares were sold at an average price of $162.36, for a total value of $5,852,753.28. Following the sale, the insider directly owned 251,409 shares of the company’s stock, valued at $40,818,765.24. This represents a 12.54% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 1,017,844 shares of company stock worth $166,349,351. Company insiders own 12.93% of the company’s stock.

Palantir Technologies Stock Performance

Shares of PLTR opened at $187.75 on Wednesday. The stock’s 50-day simple moving average is $179.50 and its 200 day simple moving average is $164.76. Palantir Technologies Inc. has a 52-week low of $63.40 and a 52-week high of $207.52. The stock has a market capitalization of $447.49 billion, a price-to-earnings ratio of 447.03, a price-to-earnings-growth ratio of 7.10 and a beta of 1.49.

Palantir Technologies (NASDAQ:PLTR) last issued its quarterly earnings data on Monday, November 3rd. The company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.17 by $0.04. The company had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.09 billion. Palantir Technologies had a net margin of 28.11% and a return on equity of 15.48%. Palantir Technologies’s revenue for the quarter was up 62.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.10 earnings per share. On average, research analysts forecast that Palantir Technologies Inc. will post 0.31 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on PLTR shares. Northland Securities upped their price target on shares of Palantir Technologies from $14.00 to $18.50 in a research report on Tuesday, November 4th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Palantir Technologies from $160.00 to $200.00 and gave the company a “hold” rating in a research report on Tuesday, November 4th. Robert W. Baird increased their price objective on Palantir Technologies from $170.00 to $200.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 4th. Morgan Stanley increased their target price on shares of Palantir Technologies from $155.00 to $205.00 and gave the company an “equal weight” rating in a report on Tuesday, November 4th. Finally, DA Davidson lifted their price target on Palantir Technologies from $170.00 to $215.00 and gave the stock a “neutral” rating in a report on Tuesday, November 4th. Five analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Palantir Technologies currently has a consensus rating of “Hold” and an average price target of $172.28.

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.