Palantir Technologies Inc. (NYSE:PLTR) Stock Position Decreased by Dai ichi Life Insurance Company Ltd

Dai ichi Life Insurance Company Ltd trimmed its stake in shares of Palantir Technologies Inc. (NYSE:PLTR) by 2.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 54,347 shares of the company’s stock after selling 1,154 shares during the period. Dai ichi Life Insurance Company Ltd’s holdings in Palantir Technologies were worth $2,022,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of PLTR. Advisors Asset Management Inc. grew its position in Palantir Technologies by 87.8% during the 1st quarter. Advisors Asset Management Inc. now owns 13,742 shares of the company’s stock worth $316,000 after purchasing an additional 6,426 shares in the last quarter. Silvercrest Asset Management Group LLC grew its holdings in shares of Palantir Technologies by 15.4% during the first quarter. Silvercrest Asset Management Group LLC now owns 15,019 shares of the company’s stock valued at $346,000 after buying an additional 2,000 shares in the last quarter. Beacon Capital Management LLC raised its position in Palantir Technologies by 269.5% during the first quarter. Beacon Capital Management LLC now owns 1,515 shares of the company’s stock valued at $35,000 after buying an additional 1,105 shares during the period. Strategic Wealth Partners Ltd. lifted its stake in Palantir Technologies by 92.6% in the 1st quarter. Strategic Wealth Partners Ltd. now owns 19,614 shares of the company’s stock worth $451,000 after acquiring an additional 9,431 shares in the last quarter. Finally, Virtu Financial LLC acquired a new stake in Palantir Technologies during the 1st quarter worth about $1,271,000. Institutional investors and hedge funds own 45.65% of the company’s stock.

Palantir Technologies Stock Up 0.5 %

PLTR stock opened at $66.05 on Thursday. The business’s 50-day simple moving average is $47.68 and its 200 day simple moving average is $34.33. The company has a market cap of $150.46 billion, a PE ratio of 330.25 and a beta of 2.70. Palantir Technologies Inc. has a twelve month low of $15.66 and a twelve month high of $67.88.

Palantir Technologies (NYSE:PLTR) last released its quarterly earnings data on Monday, November 4th. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01. The business had revenue of $725.52 million for the quarter, compared to analysts’ expectations of $705.11 million. Palantir Technologies had a return on equity of 9.94% and a net margin of 18.01%. Palantir Technologies’s quarterly revenue was up 30.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.03 earnings per share. On average, equities research analysts anticipate that Palantir Technologies Inc. will post 0.21 EPS for the current year.

Insider Activity at Palantir Technologies

In other news, insider Heather A. Planishek sold 20,000 shares of the stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $33.74, for a total transaction of $674,800.00. Following the sale, the insider now directly owns 576,023 shares of the company’s stock, valued at $19,435,016.02. This represents a 3.36 % decrease in their ownership of the stock. 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 9,746 shares of Palantir Technologies stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $66.77, for a total transaction of $650,740.42. Following the sale, the director now owns 111,644 shares of the company’s stock, valued at approximately $7,454,469.88. This represents a 8.03 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 34,163,181 shares of company stock valued at $1,603,288,758 over the last quarter. 12.93% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research firms have recently issued reports on PLTR. Deutsche Bank Aktiengesellschaft increased their price target on shares of Palantir Technologies from $20.00 to $21.00 and gave the stock a “sell” rating in a research report on Tuesday, August 6th. Jefferies Financial Group lowered shares of Palantir Technologies from a “hold” rating to an “underperform” rating and set a $28.00 target price for the company. in a research note on Thursday, November 7th. Raymond James cut Palantir Technologies from an “outperform” rating to a “market perform” rating in a research note on Monday, September 23rd. Argus downgraded shares of Palantir Technologies from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. Finally, 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. Six investment analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Palantir Technologies currently has an average rating of “Hold” and a consensus price target of $35.64.

Palantir Technologies 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.