Corton Capital Inc. Has $523,000 Holdings in Palantir Technologies Inc. $PLTR

Corton Capital Inc. boosted its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by 8.2% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,836 shares of the company’s stock after buying an additional 290 shares during the quarter. Palantir Technologies makes up 0.6% of Corton Capital Inc.’s holdings, making the stock its 15th biggest holding. Corton Capital Inc.’s holdings in Palantir Technologies were worth $523,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the business. Truist Financial Corp increased its holdings in shares of Palantir Technologies by 4.2% during the second quarter. Truist Financial Corp now owns 537,000 shares of the company’s stock valued at $73,204,000 after acquiring an additional 21,809 shares in the last quarter. State of Michigan Retirement System increased its holdings in shares of Palantir Technologies by 1.3% during the second quarter. State of Michigan Retirement System now owns 938,400 shares of the company’s stock valued at $127,923,000 after acquiring an additional 12,300 shares in the last quarter. Presilium Private Wealth LLC bought a new stake in shares of Palantir Technologies during the second quarter valued at approximately $204,000. New Century Financial Group LLC bought a new stake in shares of Palantir Technologies during the second quarter valued at approximately $228,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Palantir Technologies by 10.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 11,668,082 shares of the company’s stock valued at $984,786,000 after buying an additional 1,135,841 shares during the last quarter. 45.65% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

PLTR has been the topic of several analyst reports. Royal Bank Of Canada reaffirmed an “underperform” rating on shares of Palantir Technologies in a research report on Tuesday, October 28th. The Goldman Sachs Group lifted their target price on Palantir Technologies from $90.00 to $141.00 and gave the company a “neutral” rating in a research report on Wednesday, August 6th. Wedbush set a $200.00 price objective on Palantir Technologies and gave the stock an “outperform” rating in a research report on Tuesday, August 5th. Deutsche Bank Aktiengesellschaft raised Palantir Technologies from a “sell” rating to a “hold” rating and boosted their price objective for the stock from $80.00 to $160.00 in a research report on Tuesday, August 5th. Finally, Bank of America boosted their price objective on Palantir Technologies from $180.00 to $215.00 and gave the stock a “buy” rating in a research report on Tuesday, September 23rd. Five investment analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Palantir Technologies currently has a consensus rating of “Hold” and an average target price of $142.00.

Palantir Technologies Price Performance

Shares of NASDAQ PLTR opened at $200.47 on Monday. Palantir Technologies Inc. has a one year low of $40.90 and a one year high of $204.18. The business’s fifty day moving average price is $174.75 and its 200-day moving average price is $151.19. The stock has a market capitalization of $475.58 billion, a PE ratio of 668.26, a P/E/G ratio of 10.87 and a beta of 2.63.

Palantir Technologies (NASDAQ:PLTR) last issued its quarterly earnings results on Monday, August 4th. The company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.02. The firm had revenue of $1 billion for the quarter, compared to analysts’ expectations of $939.29 million. Palantir Technologies had a return on equity of 10.75% and a net margin of 22.18%.The business’s revenue for the quarter was up 48.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.09 EPS. As a group, equities analysts expect that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Insider Buying and Selling at Palantir Technologies

In other Palantir Technologies news, insider Ryan D. Taylor sold 36,048 shares of Palantir Technologies stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $158.35, for a total transaction of $5,708,200.80. Following the completion of the transaction, the insider owned 307,470 shares of the company’s stock, valued at $48,687,874.50. The trade was a 10.49% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Alexander C. Karp sold 222,878 shares of Palantir Technologies stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $151.37, for a total value of $33,737,042.86. Following the transaction, the insider directly owned 6,432,258 shares of the company’s stock, valued at $973,650,893.46. The trade was a 3.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 1,557,750 shares of company stock worth $239,713,896. 12.93% of the stock is owned by corporate insiders.

Palantir Technologies Company Profile

Palantir Technologies, Inc engages in the business of building and deploying software platforms that serve as the central operating systems for its customers. It operates under the Commercial and Government segments. The Commercial segment focuses on customers working in non-government industries. The Government segment is involved in providing services to customers that are the United States government and non-United States government agencies.