Natixis Advisors LLC Purchases 169,607 Shares of Palantir Technologies Inc. $PLTR

Natixis Advisors LLC grew its holdings in Palantir Technologies Inc. (NASDAQ:PLTRFree Report) by 15.1% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,291,151 shares of the company’s stock after purchasing an additional 169,607 shares during the quarter. Natixis Advisors LLC owned about 0.05% of Palantir Technologies worth $235,532,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Bare Financial Services Inc boosted its stake in Palantir Technologies by 54.5% during the 3rd quarter. Bare Financial Services Inc now owns 156 shares of the company’s stock valued at $28,000 after purchasing an additional 55 shares during the period. Financial Consulate Inc. bought a new position in Palantir Technologies in the 3rd quarter worth approximately $30,000. Retirement Wealth Solutions LLC acquired a new position in shares of Palantir Technologies during the third quarter worth approximately $31,000. Flagship Wealth Advisors LLC bought a new stake in shares of Palantir Technologies in the third quarter valued at approximately $32,000. Finally, Marquette Asset Management LLC bought a new stake in shares of Palantir Technologies in the third quarter valued at approximately $34,000. 45.65% of the stock is currently owned by institutional investors.

Key Stories Impacting Palantir Technologies

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

Palantir Technologies Stock Performance

Shares of Palantir Technologies stock opened at $157.16 on Friday. The firm has a market cap of $375.88 billion, a P/E ratio of 249.46, a price-to-earnings-growth ratio of 3.02 and a beta of 1.70. The firm’s 50-day simple moving average is $155.48 and its 200-day simple moving average is $168.99. Palantir Technologies Inc. has a twelve month low of $66.12 and a twelve month high of $207.52.

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

Insider Buying and Selling

In related news, insider Shyam Sankar sold 168,004 shares of the business’s stock in a transaction on Friday, February 20th. The stock was sold at an average price of $133.72, for a total value of $22,465,494.88. Following the sale, the insider owned 642,786 shares of the company’s stock, valued at $85,953,343.92. The trade was a 20.72% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jeffrey Buckley sold 1,232 shares of the company’s stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $129.08, for a total value of $159,026.56. Following the completion of the sale, the insider owned 43,108 shares in the company, valued at $5,564,380.64. This trade represents a 2.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 1,054,279 shares of company stock worth $142,212,233. Insiders own 9.23% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Argus raised shares of Palantir Technologies to a “hold” rating in a research report on Monday, February 9th. UBS Group raised shares of Palantir Technologies from a “neutral” rating to a “buy” rating and reduced their price target for the company from $180.00 to $150.00 in a report on Thursday, February 26th. The Goldman Sachs Group decreased their price target on shares of Palantir Technologies from $188.00 to $182.00 in a research report on Tuesday, February 3rd. Daiwa Securities Group upgraded shares of Palantir Technologies from a “neutral” rating to a “buy” rating and set a $180.00 price objective on the stock in a report on Tuesday, February 10th. Finally, Truist Financial began coverage on shares of Palantir Technologies in a research report on Tuesday, January 6th. They set a “buy” rating and a $223.00 price objective for the company. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Palantir Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $192.68.

Read Our Latest Stock Report on PLTR

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.

See Also

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

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