2 weeks Ago By ABMN Staff
Envestnet Asset Management Inc. reduced its position in shares of Palantir Technologies Inc. ( NYSE:PLTR – Free Report ) by 6.
9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 302,040 shares of the company’s stock after selling 22,455 shares during the period. Envestnet Asset Management Inc.
’s holdings in Palantir Technologies were worth $7,651,000 at the end of the most recent reporting period. Several other institutional investors have also modified their holdings of the company. Vanguard Group Inc.
lifted its position in Palantir Technologies by 3.5% in the fourth quarter. Vanguard Group Inc.
now owns 193,805,263 shares of the company’s stock valued at $3,327,636,000 after acquiring an additional 6,466,596 shares during the last quarter. 1832 Asset Management L.P.
lifted its position in Palantir Technologies by 248,208.2% in the first quarter. 1832 Asset Management L.
P. now owns 3,625,300 shares of the company’s stock valued at $83,418,000 after acquiring an additional 3,623,840 shares during the last quarter. Coatue Management LLC increased its stake in Palantir Technologies by 285.
6% in the fourth quarter. Coatue Management LLC now owns 3,447,363 shares of the company’s stock valued at $59,191,000 after purchasing an additional 2,553,432 shares during the period. Sumitomo Mitsui Trust Holdings Inc.
increased its stake in Palantir Technologies by 15.7% in the first quarter. Sumitomo Mitsui Trust Holdings Inc.
now owns 14,571,224 shares of the company’s stock valued at $335,284,000 after purchasing an additional 1,980,495 shares during the period. Finally, National Bank of Canada FI increased its stake in Palantir Technologies by 2,722.2% in the second quarter.
National Bank of Canada FI now owns 1,716,830 shares of the company’s stock valued at $44,427,000 after purchasing an additional 1,655,997 shares during the period. 45.65% of the stock is owned by hedge funds and other institutional investors.
Palantir Technologies Price Performance Shares of NYSE PLTR opened at $36.84 on Friday. Palantir Technologies Inc.
has a 12-month low of $14.48 and a 12-month high of $38.19.
The company has a market capitalization of $82.50 billion, a PE ratio of 307.03 and a beta of 2.
72. The firm’s 50-day moving average is $31.43 and its two-hundred day moving average is $26.
32. Analyst Ratings Changes A number of research analysts have commented on the stock. Raymond James lowered shares of Palantir Technologies from an “outperform” rating to a “market perform” rating in a research note on Monday, September 23rd.
Royal Bank of Canada reiterated an “underperform” rating and set a $9.00 price target on shares of Palantir Technologies in a research note on Tuesday, August 6th. Citigroup upped their target price on shares of Palantir Technologies from $25.
00 to $28.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 30th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Palantir Technologies from $20.
00 to $21.00 and gave the stock a “sell” rating in a research report on Tuesday, August 6th. Finally, Mizuho lowered shares of Palantir Technologies from a “neutral” rating to an “underperform” rating and upped their target price for the stock from $21.
00 to $22.00 in a research report on Tuesday, July 16th. Five equities research analysts have rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company’s stock.
Based on data from MarketBeat.com, Palantir Technologies currently has a consensus rating of “Hold” and an average target price of $27.29.
Read Our Latest Report on PLTR Insider Buying and Selling at Palantir Technologies In related news, insider Alexander C. Karp sold 4,500,000 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $36.
07, for a total transaction of $162,315,000.00. Following the transaction, the insider now owns 6,432,258 shares of the company’s stock, valued at $232,011,546.
06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link . In related news, Director Alexander D.
Moore sold 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $30.89, for a total transaction of $617,800.
00. Following the transaction, the director now owns 1,510,630 shares of the company’s stock, valued at $46,663,360.70.
The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link . Also, insider Alexander C. Karp sold 4,500,000 shares of the company’s stock in a transaction that occurred on Monday, September 16th.
The shares were sold at an average price of $36.07, for a total transaction of $162,315,000.00.
Following the transaction, the insider now directly owns 6,432,258 shares in the company, valued at approximately $232,011,546.06. The disclosure for this sale can be found here .
Insiders have sold 9,644,559 shares of company stock valued at $346,929,762 over the last quarter. Corporate insiders own 12.93% of the company’s stock.
Palantir Technologies Profile ( Free Report ) Palantir Technologies Inc builds and deploys software platforms for the intelligence community to assist in counterterrorism investigations and operations in the United States, the United Kingdom, and internationally. The company provides Palantir Gotham, a software platform which enables users to identify patterns hidden deep within datasets, ranging from signals intelligence sources to reports from confidential informants, as well as facilitates the handoff between analysts and operational users, helping operators plan and execute real-world responses to threats that have been identified within the platform. See Also Want to see what other hedge funds are holding PLTR? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Palantir Technologies Inc. ( NYSE:PLTR – Free Report ). Receive News & Ratings for Palantir Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Palantir Technologies and related companies with MarketBeat.
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