Neo Ivy Capital Management Buys Shares of 38,660 Palantir Technologies Inc. (NYSE:PLTR)

Neo Ivy Capital Management purchased a new position in shares of Palantir Technologies Inc. (NYSE:PLTR) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 38,660 shares of the company’s stock, valued at approximately $979,000.

A number of other institutional investors have also modified their holdings of the company. Pursue Wealth Partners LLC acquired a new position in shares of Palantir Technologies in the fourth quarter worth $1,741,000. Vanguard Group Inc. raised its position in Palantir Technologies by 3.5% in the 4th quarter. Vanguard Group Inc. now owns 193,805,263 shares of the company’s stock valued at $3,327,636,000 after purchasing an additional 6,466,596 shares in the last quarter. SG Americas Securities LLC boosted its stake in shares of Palantir Technologies by 183.3% in the 1st quarter. SG Americas Securities LLC now owns 158,394 shares of the company’s stock valued at $3,645,000 after buying an additional 102,479 shares during the period. Accel Wealth Management acquired a new position in shares of Palantir Technologies during the first quarter worth about $360,000. Finally, Panagora Asset Management Inc. increased its stake in shares of Palantir Technologies by 185.6% during the fourth quarter. Panagora Asset Management Inc. now owns 76,695 shares of the company’s stock worth $1,317,000 after buying an additional 49,839 shares during the period. 45.65% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, insider David A. Glazer sold 72,500 shares of Palantir Technologies stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $31.18, for a total value of $2,260,550.00. Following the completion of the sale, the insider now directly owns 298,012 shares of the company’s stock, valued at approximately $9,292,014.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider David A. Glazer sold 72,500 shares of the business’s stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $31.18, for a total value of $2,260,550.00. Following the completion of the sale, the insider now directly owns 298,012 shares in the company, valued at $9,292,014.16. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Heather A. Planishek sold 20,000 shares of the stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $30.24, for a total transaction of $604,800.00. Following the transaction, the insider now directly owns 612,006 shares in the company, valued at approximately $18,507,061.44. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 495,673 shares of company stock worth $14,514,337. Corporate insiders own 12.93% of the company’s stock.

Palantir Technologies Price Performance

PLTR traded down $0.64 during trading on Tuesday, reaching $31.86. 21,665,038 shares of the stock were exchanged, compared to its average volume of 55,443,055. The company has a market capitalization of $70.95 billion, a price-to-earnings ratio of 264.36, a P/E/G ratio of 5.47 and a beta of 2.71. Palantir Technologies Inc. has a 1 year low of $13.68 and a 1 year high of $32.75. The business’s 50 day moving average price is $26.96 and its two-hundred day moving average price is $24.31.

Palantir Technologies (NYSE:PLTR) last announced its earnings results on Monday, August 5th. The company reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.01. Palantir Technologies had a net margin of 16.32% and a return on equity of 8.88%. The company had revenue of $678.13 million during the quarter, compared to analysts’ expectations of $653.23 million. During the same quarter in the previous year, the business posted $0.01 earnings per share. The firm’s quarterly revenue was up 27.2% compared to the same quarter last year. On average, analysts anticipate that Palantir Technologies Inc. will post 0.19 EPS for the current year.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Raymond James raised their price target on Palantir Technologies from $25.00 to $30.00 and gave the company an “outperform” rating in a research note on Tuesday, August 6th. William Blair restated an “underperform” rating on shares of Palantir Technologies in a research note on Tuesday, May 7th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Palantir Technologies from $20.00 to $21.00 and gave the company a “sell” rating in a research note on Tuesday, August 6th. Wedbush restated an “outperform” rating and set a $35.00 price objective on shares of Palantir Technologies in a research report on Friday, August 2nd. Finally, Monness Crespi & Hardt dropped their target price on shares of Palantir Technologies from $20.00 to $18.00 and set a “sell” rating on the stock in a research report on Tuesday, August 6th. Six analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $23.14.

Palantir Technologies Company Profile

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.