Lazard Asset Management LLC Raises Stock Holdings in Palantir Technologies Inc. (NYSE:PLTR)

Lazard Asset Management LLC boosted its holdings in Palantir Technologies Inc. (NYSE:PLTR) by 133.0% in the first quarter, HoldingsChannel reports. The firm owned 472,497 shares of the company’s stock after purchasing an additional 269,697 shares during the period. Lazard Asset Management LLC’s holdings in Palantir Technologies were worth $10,871,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. West Paces Advisors Inc. boosted its holdings in Palantir Technologies by 110.7% in the first quarter. West Paces Advisors Inc. now owns 1,180 shares of the company’s stock valued at $27,000 after purchasing an additional 620 shares during the last quarter. Massmutual Trust Co. FSB ADV boosted its holdings in Palantir Technologies by 105.3% in the first quarter. Massmutual Trust Co. FSB ADV now owns 1,347 shares of the company’s stock valued at $31,000 after purchasing an additional 691 shares during the last quarter. Bogart Wealth LLC raised its stake in Palantir Technologies by 332.8% during the first quarter. Bogart Wealth LLC now owns 1,385 shares of the company’s stock valued at $32,000 after buying an additional 1,065 shares in the last quarter. Halpern Financial Inc. raised its stake in Palantir Technologies by 44.0% during the first quarter. Halpern Financial Inc. now owns 1,440 shares of the company’s stock valued at $33,000 after buying an additional 440 shares in the last quarter. Finally, First United Bank & Trust acquired a new stake in Palantir Technologies during the fourth quarter valued at approximately $26,000. Hedge funds and other institutional investors own 45.65% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on PLTR. Monness Crespi & Hardt cut Palantir Technologies from a “neutral” rating to a “sell” rating and set a $20.00 price objective on the stock. in a research note on Friday, June 21st. Mizuho cut Palantir Technologies from a “neutral” rating to an “underperform” rating and upped their price objective for the company from $21.00 to $22.00 in a research note on Tuesday, July 16th. Citigroup upped their price objective on Palantir Technologies from $23.00 to $25.00 and gave the company a “neutral” rating in a research note on Tuesday, May 7th. William Blair reiterated an “underperform” rating on shares of Palantir Technologies in a research report on Tuesday, May 7th. Finally, Wedbush reiterated an “outperform” rating and set a $35.00 price target on shares of Palantir Technologies in a research report on Monday, May 6th. Seven research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $21.32.

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, Director Alexander D. Moore sold 20,000 shares of the stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $22.02, for a total transaction of $440,400.00. Following the completion of the transaction, the director now directly owns 1,595,519 shares of the company’s stock, valued at approximately $35,133,328.38. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, Director Alexander D. Moore sold 20,000 shares of the firm’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $22.02, for a total transaction of $440,400.00. Following the completion of the sale, the director now directly owns 1,595,519 shares of the company’s stock, valued at approximately $35,133,328.38. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider David A. Glazer sold 90,000 shares of the firm’s stock in a transaction on Thursday, July 18th. The stock was sold at an average price of $29.36, for a total value of $2,642,400.00. Following the sale, the insider now directly owns 298,012 shares of the company’s stock, valued at $8,749,632.32. The disclosure for this sale can be found here. In the last ninety days, insiders sold 11,467,179 shares of company stock valued at $242,726,313. 12.93% of the stock is owned by corporate insiders.

Palantir Technologies Stock Up 2.1 %

NYSE PLTR traded up $0.55 on Friday, reaching $27.18. 27,432,224 shares of the stock traded hands, compared to its average volume of 43,057,688. The firm’s fifty day simple moving average is $24.86 and its 200 day simple moving average is $22.95. The company has a market cap of $60.53 billion, a price-to-earnings ratio of 226.52, a P/E/G ratio of 6.28 and a beta of 2.71. Palantir Technologies Inc. has a 12 month low of $13.68 and a 12 month high of $29.83.

Palantir Technologies (NYSE:PLTR) last issued its quarterly earnings results on Monday, May 6th. The company reported $0.04 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.04. The firm had revenue of $634.34 million during the quarter, compared to analyst estimates of $614.88 million. Palantir Technologies had a return on equity of 8.28% and a net margin of 12.79%. As a group, equities research analysts forecast that Palantir Technologies Inc. will post 0.16 EPS for the current fiscal year.

About Palantir Technologies

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.