6,750 Shares in Palantir Technologies Inc. $PLTR Bought by Generali Investments CEE investicni spolecnost a.s.

Generali Investments CEE investicni spolecnost a.s. purchased a new position in Palantir Technologies Inc. (NASDAQ:PLTRFree Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 6,750 shares of the company’s stock, valued at approximately $1,200,000.

A number of other institutional investors and hedge funds have also bought and sold shares of PLTR. Bare Financial Services Inc boosted its stake in shares of Palantir Technologies by 54.5% in the third quarter. Bare Financial Services Inc now owns 156 shares of the company’s stock worth $28,000 after acquiring an additional 55 shares during the period. Delos Wealth Advisors LLC bought a new stake in Palantir Technologies during the 2nd quarter valued at approximately $29,000. Zeit Capital LLC bought a new stake in Palantir Technologies during the 2nd quarter valued at approximately $30,000. Financial Consulate Inc. purchased a new position in Palantir Technologies in the 3rd quarter worth approximately $30,000. Finally, Retirement Wealth Solutions LLC purchased a new position in Palantir Technologies in the 3rd quarter worth approximately $31,000. 45.65% of the stock is owned by institutional investors.

Palantir Technologies Price Performance

Shares of PLTR stock opened at $143.06 on Friday. Palantir Technologies Inc. has a 1 year low of $66.12 and a 1 year high of $207.52. The stock’s 50 day simple moving average is $148.06 and its two-hundred day simple moving average is $168.53. The company has a market cap of $342.15 billion, a PE ratio of 227.08, a price-to-earnings-growth ratio of 2.84 and a beta of 1.70.

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

Insider Buying and Selling

In other Palantir Technologies news, insider Stephen Andrew Cohen sold 327,088 shares of the business’s stock in a transaction on Friday, February 20th. The shares were sold at an average price of $133.72, for a total transaction of $43,738,207.36. Following the transaction, the insider owned 592 shares in the company, valued at $79,162.24. The trade was a 99.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider David A. Glazer sold 17,438 shares of the stock in a transaction on Friday, February 20th. The shares were sold at an average price of $133.72, for a total transaction of $2,331,809.36. Following the completion of the sale, the insider directly owned 392,370 shares in the company, valued at approximately $52,467,716.40. This represents a 4.26% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 1,045,279 shares of company stock valued at $140,539,043 over the last 90 days. 9.23% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of brokerages have issued reports on PLTR. Citigroup increased their price objective on shares of Palantir Technologies from $235.00 to $260.00 and gave the company a “buy” rating in a report on Tuesday, February 3rd. DA Davidson lowered their target price on shares of Palantir Technologies from $215.00 to $180.00 and set a “neutral” rating on the stock in a report on Tuesday, February 3rd. Truist Financial started coverage on shares of Palantir Technologies in a research report on Tuesday, January 6th. They set a “buy” rating and a $223.00 target price for the company. Wedbush reaffirmed an “outperform” rating and set a $230.00 target price on shares of Palantir Technologies in a research note on Monday, March 16th. Finally, Freedom Capital upgraded shares of Palantir Technologies from a “strong sell” rating to a “strong-buy” rating in a report on Friday, February 13th. One equities 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 given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $198.59.

View Our Latest Research Report on Palantir Technologies

Key Palantir Technologies News

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About Palantir Technologies

(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.

See Also

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

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