Jupiter Asset Management Ltd. Has $15.30 Million Stock Position in Palantir Technologies Inc. $PLTR

Jupiter Asset Management Ltd. lessened its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTRFree Report) by 77.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 83,877 shares of the company’s stock after selling 280,871 shares during the period. Jupiter Asset Management Ltd.’s holdings in Palantir Technologies were worth $15,301,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Revolve Wealth Partners LLC purchased a new stake in shares of Palantir Technologies in the 4th quarter valued at approximately $450,000. Bison Wealth LLC raised its stake in Palantir Technologies by 37.4% during the 4th quarter. Bison Wealth LLC now owns 17,130 shares of the company’s stock valued at $1,296,000 after purchasing an additional 4,667 shares during the period. Capstone Wealth Management Group LLC lifted its holdings in shares of Palantir Technologies by 38.0% in the first quarter. Capstone Wealth Management Group LLC now owns 17,147 shares of the company’s stock valued at $1,447,000 after purchasing an additional 4,722 shares in the last quarter. Schnieders Capital Management LLC. boosted its position in shares of Palantir Technologies by 36.8% in the second quarter. Schnieders Capital Management LLC. now owns 6,294 shares of the company’s stock worth $858,000 after buying an additional 1,694 shares during the period. Finally, Brookstone Capital Management grew its holdings in shares of Palantir Technologies by 89.7% during the second quarter. Brookstone Capital Management now owns 41,655 shares of the company’s stock valued at $5,678,000 after buying an additional 19,692 shares in the last quarter. 45.65% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider David A. Glazer sold 9,000 shares of the business’s stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $185.91, for a total value of $1,673,190.00. Following the completion of the sale, the insider directly owned 413,639 shares in the company, valued at approximately $76,899,626.49. The trade was a 2.13% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Lauren Elaina Friedman Stat sold 400 shares of the stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $151.14, for a total value of $60,456.00. Following the transaction, the director owned 58,287 shares in the company, valued at approximately $8,809,497.18. This trade represents a 0.68% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 62,100 shares of company stock worth $10,576,379 over the last ninety days. 9.23% of the stock is currently owned by corporate insiders.

Key Headlines Impacting Palantir Technologies

Here are the key news stories impacting Palantir Technologies this week:

Palantir Technologies Stock Up 0.3%

PLTR stock opened at $135.24 on Friday. The firm has a 50 day moving average of $164.88 and a two-hundred day moving average of $171.59. Palantir Technologies Inc. has a 12 month low of $66.12 and a 12 month high of $207.52. The company has a market capitalization of $322.34 billion, a price-to-earnings ratio of 214.67, a P/E/G ratio of 2.59 and a beta of 1.64.

Palantir Technologies (NASDAQ:PLTRGet Free Report) last released its quarterly earnings results on Monday, February 2nd. The company reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.02. The business had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.34 billion. Palantir Technologies had a net margin of 36.31% and a return on equity of 23.81%. Palantir Technologies’s revenue for the quarter was up 70.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.14 EPS. On average, research analysts expect that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on PLTR shares. Loop Capital reduced their price objective on Palantir Technologies from $230.00 to $220.00 and set a “buy” rating for the company in a research note on Friday, January 30th. Mizuho raised shares of Palantir Technologies from a “neutral” rating to an “outperform” rating and set a $195.00 price target for the company in a research report on Wednesday. CICC Research boosted their price objective on shares of Palantir Technologies from $128.00 to $150.00 and gave the company a “neutral” rating in a research report on Wednesday, November 12th. Royal Bank Of Canada increased their target price on shares of Palantir Technologies from $45.00 to $50.00 and gave the stock an “underperform” rating in a research report on Tuesday, November 4th. Finally, Cantor Fitzgerald restated a “neutral” rating on shares of Palantir Technologies in a report on Tuesday, February 3rd. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Palantir Technologies currently has a consensus rating of “Hold” and a consensus target price of $191.05.

Read Our Latest Analysis on Palantir Technologies

Palantir Technologies Company Profile

(Free Report)

Palantir Technologies is a software company that develops data integration, analytics and operational decision-making platforms for government and commercial customers. Founded in 2003 by a team that included Alex Karp and Peter Thiel, Palantir has grown into a provider of enterprise-scale software designed to help organizations integrate disparate data sources, build analytic models and drive operational workflows. The company went public in 2020 and continues to position its products around large, complex data projects where security, provenance and real-time collaboration are important.

Palantir’s product portfolio centers on a small number of core platforms.

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

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