Global X Japan Co. Ltd. Acquires 80,259 Shares of Palantir Technologies Inc. $PLTR

Global X Japan Co. Ltd. grew its holdings in shares of Palantir Technologies Inc. (NASDAQ:PLTRFree Report) by 37.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 295,608 shares of the company’s stock after buying an additional 80,259 shares during the quarter. Palantir Technologies accounts for about 4.0% of Global X Japan Co. Ltd.’s holdings, making the stock its 7th biggest position. Global X Japan Co. Ltd.’s holdings in Palantir Technologies were worth $52,544,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Mather Group LLC. raised its holdings in shares of Palantir Technologies by 11.7% in the 4th quarter. Mather Group LLC. now owns 17,520 shares of the company’s stock worth $3,114,000 after acquiring an additional 1,830 shares during the last quarter. Fort Washington Investment Advisors Inc. OH purchased a new stake in shares of Palantir Technologies in the fourth quarter worth approximately $564,000. IFG Advisors LLC lifted its holdings in shares of Palantir Technologies by 6.5% in the fourth quarter. IFG Advisors LLC now owns 1,361 shares of the company’s stock valued at $242,000 after purchasing an additional 83 shares in the last quarter. Norden Group LLC lifted its holdings in shares of Palantir Technologies by 20.9% in the fourth quarter. Norden Group LLC now owns 24,728 shares of the company’s stock valued at $4,395,000 after purchasing an additional 4,275 shares in the last quarter. Finally, Regatta Capital Group LLC lifted its holdings in shares of Palantir Technologies by 3.1% in the fourth quarter. Regatta Capital Group LLC now owns 2,344 shares of the company’s stock valued at $417,000 after purchasing an additional 70 shares in the last quarter. 45.65% of the stock is owned by institutional investors.

Key Palantir Technologies News

Here are the key news stories impacting Palantir Technologies this week:

Palantir Technologies Trading Down 4.8%

Shares of PLTR opened at $147.56 on Friday. The stock has a 50 day moving average of $148.62 and a 200 day moving average of $168.58. The company has a market capitalization of $352.92 billion, a price-to-earnings ratio of 234.23, a PEG ratio of 3.07 and a beta of 1.70. Palantir Technologies Inc. has a 12 month low of $66.12 and a 12 month high of $207.52.

Palantir Technologies (NASDAQ:PLTRGet Free Report) last posted its quarterly earnings data on Monday, February 2nd. The company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.02. The business had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.34 billion. Palantir Technologies had a return on equity of 23.81% and a net margin of 36.31%.The business’s revenue was up 70.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.14 earnings per share. As a group, equities research analysts predict that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Insider Activity at Palantir Technologies

In related news, insider David A. Glazer sold 17,438 shares of the business’s stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $133.72, for a total value of $2,331,809.36. Following the transaction, the insider directly owned 392,370 shares of the company’s stock, valued at approximately $52,467,716.40. The trade was a 4.26% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jeffrey Buckley sold 1,232 shares of the stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $129.08, for a total transaction of $159,026.56. Following the transaction, the insider owned 43,108 shares of the company’s stock, valued at approximately $5,564,380.64. The trade was a 2.78% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 1,045,279 shares of company stock worth $140,539,043. 9.23% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

PLTR has been the subject of several recent research reports. Northland Securities upgraded Palantir Technologies from a “market perform” rating to an “outperform” rating and set a $190.00 price target for the company in a report on Tuesday, February 3rd. UBS Group raised their price objective on Palantir Technologies from $180.00 to $200.00 and gave the company a “buy” rating in a research note on Wednesday, March 18th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $200.00 price objective on shares of Palantir Technologies in a report on Tuesday, February 3rd. Cantor Fitzgerald reiterated a “neutral” rating on shares of Palantir Technologies in a research note on Tuesday, February 3rd. Finally, Phillip Securities assumed coverage on shares of Palantir Technologies in a report on Thursday, January 22nd. They issued a “buy” rating and a $208.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Palantir Technologies currently has an average rating of “Moderate Buy” and an average price target of $198.59.

Read Our Latest Report on PLTR

Palantir Technologies Company 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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