Eaton Vance Management Acquires 1,095,767 Shares of Palantir Technologies Inc. (NYSE:PLTR)


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Eaton Vance Management grew its holdings in shares of Palantir Technologies Inc. (NYSE:PLTR) by 112.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,068,005 shares of the company’s stock after purchasing an additional 1,095,767 shares during the quarter. Eaton Vance Management owned about 0.12% of Palantir Technologies worth $48,702,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Kathmere Capital Management LLC boosted its position in shares of Palantir Technologies by 133.3% in the fourth quarter. Kathmere Capital Management LLC now owns 1,050 shares of the company’s stock valued at $25,000 after acquiring an additional 600 shares during the period. PARK CIRCLE Co boosted its position in shares of Palantir Technologies by 140.0% in the fourth quarter. PARK CIRCLE Co now owns 1,200 shares of the company’s stock valued at $28,000 after acquiring an additional 700 shares during the period. Benjamin F. Edwards & Company Inc. raised its stake in Palantir Technologies by 442.5% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 1,085 shares of the company’s stock valued at $26,000 after purchasing an additional 885 shares in the last quarter. Parisi Gray Wealth Management raised its stake in shares of Palantir Technologies by 4.8% during the fourth quarter. Parisi Gray Wealth Management now owns 22,000 shares of the company’s stock worth $518,000 after acquiring an additional 1,000 shares in the last quarter. Finally, Trustcore Financial Services LLC raised its stake in shares of Palantir Technologies by 93.3% during the fourth quarter. Trustcore Financial Services LLC now owns 2,082 shares of the company’s stock worth $49,000 after acquiring an additional 1,005 shares in the last quarter. Institutional investors own 10.13% of the company’s stock.

NYSE:PLTR opened at $22.90 on Thursday. Palantir Technologies Inc. has a twelve month low of $8.90 and a twelve month high of $45.00. The firm has a fifty day moving average of $24.65.

Palantir Technologies (NYSE:PLTR) last announced its earnings results on Tuesday, February 16th. The company reported $0.07 EPS for the quarter, beating the Zacks’ consensus estimate of $0.02 by $0.05. The business had revenue of $322.09 million for the quarter, compared to the consensus estimate of $300.40 million. On average, equities analysts expect that Palantir Technologies Inc. will post -1.35 EPS for the current year.

Several research analysts have commented on the stock. Royal Bank of Canada lifted their price target on shares of Palantir Technologies from $15.00 to $27.00 and gave the stock a “sector perform” rating in a research note on Wednesday, February 17th. They noted that the move was a valuation call. Morgan Stanley lifted their price target on shares of Palantir Technologies from $17.00 to $19.00 and gave the stock an “underweight” rating in a research note on Wednesday, February 17th. They noted that the move was a valuation call. William Blair downgraded shares of Palantir Technologies from a “market perform” rating to an “underperform” rating in a research note on Tuesday, February 16th. Jefferies Financial Group lifted their price target on shares of Palantir Technologies from $30.00 to $40.00 and gave the stock a “buy” rating in a research note on Friday, February 12th. Finally, The Goldman Sachs Group raised shares of Palantir Technologies from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $13.00 to $34.00 in a research note on Wednesday, February 17th. Four analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $23.57.

In other news, insider Alexander C. Karp sold 1,285,123 shares of Palantir Technologies stock in a transaction dated Tuesday, February 2nd. The stock was sold at an average price of $31.59, for a total value of $40,597,035.57. Following the completion of the transaction, the insider now owns 7,711,619 shares of the company’s stock, valued at approximately $243,610,044.21. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Alexander D. Moore sold 12,000 shares of Palantir Technologies stock in a transaction dated Thursday, April 1st. The stock was sold at an average price of $23.18, for a total value of $278,160.00. Following the completion of the transaction, the director now directly owns 2,247,549 shares of the company’s stock, valued at approximately $52,098,185.82. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,205,612 shares of company stock worth $64,494,024.

About Palantir Technologies

Palantir Technologies Inc builds and deploys software platforms for the intelligence community in the United States to assist in counterterrorism investigations and operations. The company provides Palantir Gotham, a software platform for government operatives in the defense and intelligence sectors, 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.

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

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