Mandatum Life Insurance Co Ltd Has $1.53 Million Stock Position in Palantir Technologies Inc. (NYSE:PLTR)

Mandatum Life Insurance Co Ltd raised its stake in Palantir Technologies Inc. (NYSE:PLTR) by 3.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 60,579 shares of the company’s stock after buying an additional 1,855 shares during the period. Mandatum Life Insurance Co Ltd’s holdings in Palantir Technologies were worth $1,534,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of Palantir Technologies by 3.5% during the fourth quarter. Vanguard Group Inc. now owns 193,805,263 shares of the company’s stock worth $3,327,636,000 after purchasing an additional 6,466,596 shares during the period. SG Americas Securities LLC lifted its holdings in shares of Palantir Technologies by 183.3% during the first quarter. SG Americas Securities LLC now owns 158,394 shares of the company’s stock worth $3,645,000 after purchasing an additional 102,479 shares during the period. Accel Wealth Management acquired a new position in Palantir Technologies in the first quarter valued at $360,000. Panagora Asset Management Inc. lifted its holdings in Palantir Technologies by 185.6% in the fourth quarter. Panagora Asset Management Inc. now owns 76,695 shares of the company’s stock valued at $1,317,000 after buying an additional 49,839 shares during the period. Finally, ProShare Advisors LLC acquired a new position in Palantir Technologies in the first quarter valued at $262,000. Institutional investors and hedge funds own 45.65% of the company’s stock.

Palantir Technologies Stock Up 1.5 %

Palantir Technologies stock traded up $0.48 during midday trading on Friday, hitting $31.48. 42,388,023 shares of the stock were exchanged, compared to its average volume of 56,472,148. Palantir Technologies Inc. has a 52-week low of $13.68 and a 52-week high of $33.13. The stock has a market capitalization of $70.50 billion, a price-to-earnings ratio of 262.36, a price-to-earnings-growth ratio of 5.55 and a beta of 2.71. The business’s 50-day moving average price is $28.21 and its 200-day moving average price is $24.88.

Palantir Technologies (NYSE:PLTR) last released its quarterly earnings results on Monday, August 5th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.01). Palantir Technologies had a return on equity of 8.88% and a net margin of 16.32%. The firm had revenue of $678.13 million for the quarter, compared to analysts’ expectations of $653.23 million. During the same quarter last year, the firm posted $0.01 earnings per share. The firm’s revenue for the quarter was up 27.2% compared to the same quarter last year. On average, sell-side analysts predict that Palantir Technologies Inc. will post 0.19 earnings per share for the current fiscal year.

Analysts Set New Price Targets

PLTR has been the topic of several recent analyst reports. The Goldman Sachs Group boosted their target price on shares of Palantir Technologies from $14.00 to $16.00 and gave the company a “neutral” rating in a report on Wednesday, August 7th. Jefferies Financial Group boosted their target price on shares of Palantir Technologies from $24.00 to $28.00 and gave the company a “hold” rating in a report on Monday, July 29th. Mizuho lowered shares of Palantir Technologies from a “neutral” rating to an “underperform” rating and boosted their target price for the company from $21.00 to $22.00 in a report on Tuesday, July 16th. Royal Bank of Canada restated an “underperform” rating and issued a $9.00 target price on shares of Palantir Technologies in a report on Tuesday, August 6th. Finally, William Blair reaffirmed an “underperform” rating on shares of Palantir Technologies in a research note on Tuesday, May 7th. Five equities research analysts have rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $25.00.

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, insider Shyam Sankar sold 50,000 shares of the business’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $32.35, for a total value of $1,617,500.00. Following the transaction, the insider now directly owns 752,786 shares in the company, valued at $24,352,627.10. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, insider Shyam Sankar sold 50,000 shares of the company’s stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $32.35, for a total transaction of $1,617,500.00. Following the sale, the insider now directly owns 752,786 shares in the company, valued at approximately $24,352,627.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider David A. Glazer sold 90,000 shares of the company’s stock in a transaction that occurred on Thursday, July 18th. The shares were sold at an average price of $29.36, for a total transaction of $2,642,400.00. Following the sale, the insider now owns 298,012 shares in the company, valued at $8,749,632.32. The disclosure for this sale can be found here. Insiders have sold a total of 714,648 shares of company stock worth $21,567,539 over the last three months. 12.93% of the stock is currently owned by insiders.

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.