UniSuper Management Pty Ltd Grows Holdings in Palantir Technologies Inc. $PLTR

UniSuper Management Pty Ltd boosted its position in Palantir Technologies Inc. (NASDAQ:PLTRFree Report) by 25.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 156,576 shares of the company’s stock after buying an additional 32,238 shares during the quarter. UniSuper Management Pty Ltd’s holdings in Palantir Technologies were worth $28,563,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Occidental Asset Management LLC boosted its holdings in Palantir Technologies by 2.8% in the third quarter. Occidental Asset Management LLC now owns 1,964 shares of the company’s stock valued at $358,000 after purchasing an additional 53 shares during the last quarter. Lionshead Wealth Management LLC raised its position in shares of Palantir Technologies by 0.4% in the 3rd quarter. Lionshead Wealth Management LLC now owns 13,130 shares of the company’s stock valued at $2,395,000 after purchasing an additional 56 shares in the last quarter. Ellenbecker Investment Group boosted its stake in shares of Palantir Technologies by 3.6% during the 3rd quarter. Ellenbecker Investment Group now owns 1,619 shares of the company’s stock valued at $295,000 after buying an additional 57 shares during the last quarter. Traveka Wealth LLC boosted its stake in shares of Palantir Technologies by 1.6% during the 3rd quarter. Traveka Wealth LLC now owns 3,695 shares of the company’s stock valued at $674,000 after buying an additional 57 shares during the last quarter. Finally, Market Street Wealth Management Advisors LLC grew its position in shares of Palantir Technologies by 4.0% during the third quarter. Market Street Wealth Management Advisors LLC now owns 1,539 shares of the company’s stock worth $281,000 after buying an additional 59 shares in the last quarter. 45.65% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Palantir Technologies

In other Palantir Technologies news, insider David A. Glazer sold 9,000 shares of the business’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $185.91, for a total transaction of $1,673,190.00. Following the completion of the transaction, the insider directly owned 413,639 shares of the company’s stock, valued at $76,899,626.49. The trade was a 2.13% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Lauren Elaina Friedman Stat sold 3,400 shares of the firm’s stock in a transaction that occurred on Friday, January 2nd. The shares were sold at an average price of $181.35, for a total transaction of $616,590.00. Following the completion of the sale, the director owned 58,687 shares in the company, valued at $10,642,887.45. The trade was a 5.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,023,444 shares of company stock worth $167,394,629 over the last 90 days. Corporate insiders own 9.23% of the company’s stock.

Wall Street Analyst Weigh In

PLTR has been the topic of several recent analyst reports. Robert W. Baird upped their price target on shares of Palantir Technologies from $170.00 to $200.00 and gave the company a “neutral” rating in a report on Tuesday, November 4th. Phillip Securities began coverage on shares of Palantir Technologies in a research note on Thursday. They issued a “buy” rating and a $208.00 target price on the stock. CICC Research increased their price target on shares of Palantir Technologies from $128.00 to $150.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 12th. Zacks Research upgraded Palantir Technologies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 1st. Finally, Truist Financial assumed coverage on Palantir Technologies in a report on Tuesday, January 6th. They issued a “buy” rating and a $223.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, fifteen have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $184.07.

Check Out Our Latest Analysis on Palantir Technologies

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Palantir Technologies Stock Up 2.2%

Shares of NASDAQ PLTR opened at $169.60 on Friday. The firm’s 50-day moving average price is $176.64 and its two-hundred day moving average price is $172.91. Palantir Technologies Inc. has a 52-week low of $66.12 and a 52-week high of $207.52. The stock has a market capitalization of $404.23 billion, a P/E ratio of 403.82, a P/E/G ratio of 4.17 and a beta of 1.54.

Palantir Technologies (NASDAQ:PLTRGet Free Report) last announced its quarterly 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. The business had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.09 billion. Palantir Technologies had a return on equity of 15.48% and a net margin of 28.11%.The business’s quarterly revenue was up 62.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.10 EPS. As a group, equities research analysts expect that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Palantir Technologies Profile

(Free Report)

Palantir Technologies is a software company that develops data integration, analytics and operational decision-making platforms for government and commercial customers. Founded in 2003 by a team that included Alex Karp and Peter Thiel, Palantir has grown into a provider of enterprise-scale software designed to help organizations integrate disparate data sources, build analytic models and drive operational workflows. The company went public in 2020 and continues to position its products around large, complex data projects where security, provenance and real-time collaboration are important.

Palantir’s product portfolio centers on a small number of core platforms.

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Institutional Ownership by Quarter for Palantir Technologies (NASDAQ:PLTR)

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